News for hackers. Stuff that matters.
Re:An easy way for NYC renters to schedule apartment showings by potatolicious on Thursday July 11, 2013 @01:11PM (#6027401)
Craigslist is completely useless in NYC, but largely as a result of brokers poisoning the well. They will indiscriminately post in roommate categories, no-fee categories, and basically any category remotely related to real-estate.

I've seen coverage about some NYC apartment startups recently, and while some of these features are useful, I keep hoping for someone to come in and actually fix the core problems with NYC real estate - i.e., brokers.

There was a startup that had some buzz locally a few months ago when they launched who claimed to be upsetting the broker order, except it turns out they were doing this by becoming a mega-broker themselves and charging basically the same brokerage rates as brokers. Meet the new boss, etc.

If there's any aspect of NYC that desperately needs generous application of our "disruption" buzzword, it's renting.

Re:An easy way for NYC renters to schedule apartment showings by bradleyjg on Thursday July 11, 2013 @03:58PM (#6028745)
It's one of those "you aren't the client" situations. The brokers are horrific for apartment searchers, but are more convenient for landlords than trying to show and rent units themselves.

Very large apartment complexes (e.g. Stuyvesant Town) tend to have in house sales staff. Although even there some poor schlimazels end up needlessly paying a fee.

Re:An easy way for NYC renters to schedule apartment showings by brigade on Thursday July 11, 2013 @04:08PM (#6028830)
It seems rather silly that they don't charge their clients though, instead charging their victims.

If they directly charged the landlords, maybe some of them would consider whether the service is worth 10-15% of a year's income.

Re:An easy way for NYC renters to schedule apartment showings by bradleyjg on Thursday July 11, 2013 @04:14PM (#6028874)
Who pays the broker is generally a sign of the market conditions. When it's a renters market the landlord eats the fees, when vacancies are down, like now, it's the other way around.

Also, for all the reasons mentioned in potatolicious's other post [1], it's difficult for a landlord that is renting directly (i.e. without a fee) to convincingly communicate that fact to potential renters.

[1] https://news.ycombinator.com/item?id=6027785

Re:An easy way for NYC renters to schedule apartment showings by brigade on Thursday July 11, 2013 @04:29PM (#6028997)
Has it ever been a renter's market in NYC? It seems that NYC's rental market has to have been deeply in favor of landlords for a very long time in order to create a market for these brokers to even exist.
Re:An easy way for NYC renters to schedule apartment showings by bradleyjg on Thursday July 11, 2013 @04:58PM (#6029191)
In 2002-3, I remember landlords not only paying broker's fees, but also offering 1-2 months free. Then in 2009-10 there was another dip after the banks laid off all those people.

I wasn't renting in the Dinkins' era, but from what I hear it was an entirely different story.

Re:An easy way for NYC renters to schedule apartment showings by jonathanjaeger on Thursday July 11, 2013 @03:42PM (#6028639)
Nestio is a relatively new startup in NYC that helps aggregate listings among other features, but it doesn't seem to be a disruptive startup from the perspective of solving the issues you mentioned.

I went through a broker and a super fast, easy, and great experience, but I was also wary of dodging some of those spammier looking firms you see on Craigslist and other places. Good luck finding no-fee places on Craigslist, don't even try. No-fee seems to be viable only if you scour the city for buildings that display their management info and you swoop in at the right time to claim a place directly. Alternatively, take over someone else's lease.