We’re letting our lease expire June 30 (because we’re not terribly fond of our location, our building manager who takes months to get things fixed, our super who can’t fix things himself and who doesn’t speak English, our cafeteria tile floor, our mouse, and so forth), and we’re looking for a new apartment for June 1. We want a month of overlap so that we can paint the whole place our own colors, really design the interior, and take our time moving.
In a normal city, we’d start looking 1-2 months in advance. In New York City, the recommended time to start looking is 3 days in advance because they like to rent things immediately. There isn’t really a shortage of real estate, as the brokers would have us believe; they just don’t like to advertise an apartment until it’s truly ready for a tenant, and then they hope to get a tenant in there immediately. If you’re not ready to move in for a month or two, they’d rather keep looking for a tenant who’s ready sooner. Of course, that’s not to say they’ll find one, so often you’ll find the same apartment is still available when you’re ready for an immediate apartment.
Also in a normal city, you wouldn’t pay a broker half of your limbs, but in New York City they control, and solely represent, most of the buildings you’d want to live in. It’s a winning situation for the landlord, since the broker takes care of the advertising and screening and doesn’t charge the landlord. It’s a losing situation for the tenant, because the broker does very little work and gets paid an exorbitant amount, but the landlord and broker don’t care.
Today I contacted several brokers whose apartments were listed on Craig’s List. I’m going to view one of the apartments today (because I called that one instead of emailing), and I’m crossing my fingers to find what I want without too much hassle.