Rules of thumb for NYC tenants...

[Luis Rodriguez]

We'll be moving into a 2 family we bought in Queens in the near future. The current owners are looking to rent the place so they can get some rental income before they leave. They need our approval before moving anyone in. 

We met with a tenant that we like who makes $950 after taxes. She claims to get $200 a week in cash for marketing her office and another $1000 a month from her ex-husband for the 3 kids. Her credit is low because of student loans,her ex-husband taking out a credit card and not paying it without her knowing, and a coned bill that the tenants used under her name which she forgot to disconnect. The rent is $2000. She also has a little over $10K saved. She's willing to give us 2 months security.

I wanted to ask what are some rules NYC landlords follow when looking for a tenant ?

[Noman Tariq]

i wouldnt risk it... it can take upto 9 months ++ to evict her, so the two months of security will not do anything 

also dont forget what if her husband losses his job, plans to skip town, she looses her job or the cost of childcare when she is at work.