NFT: Hoboken rentals question

but recently moved into a new apt (not Hoboken), and there were no fees. But I did not use a realtor - in the past I went through a realtor and that person did charge what was essentially a 'finder's fee' (I forget what it was called, but basically her fee to put me together with apt owner). Is that basically what this is (you paying the realtor)? If so, it's not an uncommon thing in cases where there's a 3rd party (you aren't contacting the rental office/owner directly yourself, but through an agent).

pay for are

1.5 months security deposit
1 month rent fee (goes to realtor)
and a move in and out fee basically 150 each

apparently some buildings have this and others dont. but this is the first i heard of it and dont want to pay it

and the week after there was a sign on the lobby board stating that all moves ins and out had to be during certain times and we needed to pay the management company about $100 for each move (it only covered a said amount of time and would be extra if longer). Never heard of it through the Realtor unless it was the owner maybe. There is not a chance in hell they get that fee from me if I ever move out. Not with that shotty management company.

I believe they are fees charged tenants (one time fees) to keep the upkeep of the building and operations. Be sure to read the lease and see if its stated in there. Here's an article (though not specific to area as Hoboken) that says about Move-in/Move-out fees. Good luck
Link - ( New Window )

Thanks Ry. It's not a fee from the realtor but supposedly from the building/unit owner

Micky - I'm doing well thanks how have you been? Thanks for the info. I think it's absurd!

and I've never paid a broker fee or a move-in fee. I've paid security deposits on the elevators for move-ins but never a straight fee.

Many realtors require a broker fee of typically 1 month but certain buildings like Applied Company, or private rentals on craigslist offer no-fee apartments.

When I was looking at places in Hoboken a few years back, it was close to $10k just to move in for a place that was ~$3k for monthly rent (with roommates). I ended up moving into a place with mutual friend-of-friends, so didn't have to pay the bogus charges.

A lot of places today have the realtor fee, which is basically a finder's fee, but you have to pay it regardless of if you use a broker to find the place or not.

It basically is a system where the owner is putting the cost of hiring a broker on the future tenant, which is a total crock, but there aren't many ways around it. Just kinda comes with the territory.

If you aren't getting charged first & last month's rent up front along with 1.5 month security deposit and the realtor fee, you should probably consider yourself lucky because it seems like a lot of places require all of that.

to whatever apartments you'll be checking out. I moved in to Hoboken May 2012 and we missed out on at least 2 apartments that we wanted because we weren't ready that night to write a check and commit and instead waited to call back the next day. It all worked out in the end but it was a stressful couple of days.

In comment 11789910 DCPollaro said:

Quote:

pay for are 1.5 months security deposit 1 month rent fee (goes to realtor) and a move in and out fee basically 150 each apparently some buildings have this and others dont. but this is the first i heard of it and dont want to pay it

Wow. When we used a Realtor (ONCE) to find tenants for an apartment, WE were charged the fee. And that makes sense--we were the customers. Different city, different rules...

much appreciated

As the super has to hang protective mats in the elevators and make sure there is no hallway damage and the movers don't leave the outside doors open there is a charge. I think it's $150. and is paid to the condo association.

the market is crazy now. We missed places by minutes. Place would go up by noon and be rented by 1pm if they are nice places.

in Hoboken/JC is insane.

Usually pretty easy to find something on craiglist. Never heard of move in/out fees other than a deposit for incidentals which you usually get back after you finish the move.

The nominal move in/out fees aren't something I've run into, but scheduling them on certain days/times isn't uncommon in Manhattan. It's a pain but it's a small nugget to pay if there's no escaping it, keep it in perspective when you're talking $25k+ per year in rent.

If the bldg is a condo/co-op you're bound to also run into application fees and related that can add up very quickly. I pulled out of a deal in March because these "fees" added up to about 3k and the broker wasn't upfront ahead of time on them.

Yeah I think that's all it is. I've heard of some bldgs making a movers insurance certificate required as well.

hope everything is well with everyone!

it just sucks how you have to rush in on these. i went to look at 2 yesterday and loved 1 of them that just went on the market and now going to see another to compare but it seems like we have to act fast or risk losing them. thing is i am flexible with move in date as my current lease doesnt end til 9/30

The market is in control, not you, even if your timeframe is flexible.