{"id":3887,"date":"2009-02-27T02:15:05","date_gmt":"2009-02-27T07:15:05","guid":{"rendered":"http:\/\/www.renthop.com\/news\/?p=167"},"modified":"2023-07-24T14:41:37","modified_gmt":"2023-07-24T18:41:37","slug":"no-fee-apartments-nyc","status":"publish","type":"post","link":"https:\/\/www.renthop.com\/blog\/no-fee-apartments-nyc\/","title":{"rendered":"No Fee Apartments NYC!"},"content":{"rendered":"

Entrepreneurs know that the key to most great innovation isn’t an incremental improvement on the status quo, or a slightly more efficient and optimized implementation of an old spec.\u00a0 As Christensen <\/span>writes in the infamous Innovators’ Dilemma<\/em>, the real game-changers in the world are disruptive inventions.\u00a0 When we began creating RentHop.com, the first truly free collection of no-fee apartment rentals<\/a>, we suspected we were in the midst of crafting one such disruptive technology.\u00a0 By finally breaking up the monopoly on landlord and building information, we naively thought we were disrupting a system filled with inefficiency, dishonestly, and dead weight.<\/p>\n

But we were wrong.<\/p>\n

Brokers Are Not Evil<\/strong><\/p>\n

Contrary to what many apartment finders believe, most brokers earn their fee.\u00a0 In fact, there is a strange catch-22 that applies to any good apartment broker:\u00a0 Renters are more likely to despise the harder working and more competent apartment brokers!\u00a0 Remember, a great apartment broker makes something that is very hard a lot easier.<\/p>\n

Imagine a renter who meets his apartment broker (who shows up early to ensure he is punctual), seamlessly views a half a dozen suitable candidate vacancies (and the doormen all welcome you eagerly), and signs a lease that afternoon (the broker brought the application form).\u00a0 That renter will believe finding an aparmtent in Manhattan is painless and possibly even enjoyable. \u00a0\u00a0 It won’t be obvious the broker added much value, since the process seemed so easy, and because finding that $2,000 studio only took 4 hours all in, the broker certainly didn’t add $900 an hour of value!<\/p>\n

Or did she?<\/p>\n

Good Brokers Add Lots of Value<\/strong><\/p>\n

Before the apartment hunting day began, the broker carefully spent the last few weeks previewing dozens of apartments in her neighborhood of choice, personally visiting and photographing each unit, then confirming the amenity offerings with the super and doorman.\u00a0 On the morning of the hunt, the broker called the management for each building, potentially traveled uptown to obtain some of the unit keys, and called each of the doormen to confirm the apartment was vacant and available for viewing that day.\u00a0 She searches her company database for the application PDF forms and prints out a copy for each apartment she’ll be showing that day.\u00a0 Finally, she maps out an itinerary that solves the infamous traveling salesman problem to the best of her ability, and includes a few optional nodes should the renter be an above-average speedy browser.<\/p>\n

Circumventing Renters Simply Did Not Have a Good Alternative<\/strong><\/p>\n

At last apartment hunting begins.\u00a0 The renter shows up 30 minutes late, apologizing that the previous broker meeting went overtime.\u00a0 They spent 4 hours searching, and finally the renter says complains that the broker fee is too high.\u00a0 The renter ends up finding a sublet with a college roommate (or worse, figures out a way to circumvent the broker and rent one of the apartments).\u00a0 This process can go on for days or weeks until finally a qualified, able, and willing renter comes along to compensate our poor broker!<\/p>\n

RentHop.com Offers True No-Fee Manhattan Apartments<\/a><\/strong><\/p>\n

Rent Hop offers free, no-fee rental listings for the New York City metro area.\u00a0 By providing this information, we hope to accomplish three important goals.\u00a0 First, hunters who insist on a do-it-yourself approach have everything they need in order to succeed in their rental search… but they will have to do all the broker legwork that too many people take for granted.\u00a0 Second,\u00a0 the renters who are determined to circumvent fees will no longer need to abuse honest brokers by utilizing their labor with no intention of ever paying any compensation.\u00a0\u00a0 Best of all, we offer a full-service broker option, only the broker will not charge you any fees at all!<\/p>\n

We work exclusively with no-fee apartment listings, and most of our landlords have agreed to waive your broker fees as well.\u00a0 By using a RentHop.com referred broker, visitors can be assured they will only see no-fee rentals, and that they will receive outstanding service from a New York licesned real estate agent whose interests are fully aligned with the apartment hunter!<\/p>\n

Clearly this concept qualified as a disruptive technology, but contrary to popular belief, we do not believe we are taking any cusomters away from the standard Citi-Habitats or other traditional brokerages… if anything, we are reducing the number of abusive renters from circumventing their brokers!\u00a0 We’d like to view ourselves as a specialized version of Craigslist, only without the dishonest listings, the bait-and-switch ploys, and the frustrating lack of transparent apartment information.<\/p>\n","protected":false},"excerpt":{"rendered":"

Entrepreneurs know that the key to most great innovation isn’t an incremental improvement on the status quo, or a slightly more efficient and optimized implementation of an old spec.\u00a0 As Christensen writes in the infamous Innovators’ Dilemma, the real game-changers in the world are disruptive inventions.\u00a0 When we began creating RentHop.com, the first truly free […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nNo Fee Apartments NYC! - Real Estate Topics, Tips, and Guides<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.renthop.com\/blog\/no-fee-apartments-nyc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"No Fee Apartments NYC!\" \/>\n<meta property=\"og:description\" content=\"Entrepreneurs know that the key to most great innovation isn’t an incremental improvement on the status quo, or a slightly more efficient and optimized implementation of an old spec.\u00a0 As Christensen writes in the infamous Innovators’ Dilemma, the real game-changers in the world are disruptive inventions.\u00a0 When we began creating RentHop.com, the first truly free […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.renthop.com\/blog\/no-fee-apartments-nyc\/\" \/>\n<meta property=\"og:site_name\" content=\"Real Estate Topics, Tips, and Guides\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/renthopapartments\" \/>\n<meta property=\"article:published_time\" content=\"2009-02-27T07:15:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-24T18:41:37+00:00\" \/>\n<meta name=\"author\" content=\"Lee Lin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@renthop\" \/>\n<meta name=\"twitter:site\" content=\"@renthop\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lee Lin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.renthop.com\/blog\/no-fee-apartments-nyc\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/no-fee-apartments-nyc\/\"},\"author\":{\"name\":\"Lee Lin\",\"@id\":\"https:\/\/www.renthop.com\/blog\/#\/schema\/person\/5877a1d4b27a98e84d9840c6aea99af7\"},\"headline\":\"No Fee Apartments NYC!\",\"datePublished\":\"2009-02-27T07:15:05+00:00\",\"dateModified\":\"2023-07-24T18:41:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/no-fee-apartments-nyc\/\"},\"wordCount\":754,\"publisher\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/#organization\"},\"articleSection\":[\"RentHop\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.renthop.com\/blog\/no-fee-apartments-nyc\/\",\"url\":\"https:\/\/www.renthop.com\/blog\/no-fee-apartments-nyc\/\",\"name\":\"No Fee Apartments NYC! - Real Estate Topics, Tips, and Guides\",\"isPartOf\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/#website\"},\"datePublished\":\"2009-02-27T07:15:05+00:00\",\"dateModified\":\"2023-07-24T18:41:37+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/no-fee-apartments-nyc\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.renthop.com\/blog\/no-fee-apartments-nyc\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.renthop.com\/blog\/no-fee-apartments-nyc\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.renthop.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"No Fee Apartments NYC!\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.renthop.com\/blog\/#website\",\"url\":\"https:\/\/www.renthop.com\/blog\/\",\"name\":\"Real Estate Topics, Tips, and Guides\",\"description\":\"Real Estate Blog\",\"publisher\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.renthop.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.renthop.com\/blog\/#organization\",\"name\":\"RentHop\",\"url\":\"https:\/\/www.renthop.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.renthop.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2023\/07\/renthop-logo-2022-1.png\",\"contentUrl\":\"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2023\/07\/renthop-logo-2022-1.png\",\"width\":1044,\"height\":266,\"caption\":\"RentHop\"},\"image\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/renthopapartments\",\"https:\/\/x.com\/renthop\",\"https:\/\/www.instagram.com\/renthop\",\"https:\/\/www.tiktok.com\/@renthopofficial\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.renthop.com\/blog\/#\/schema\/person\/5877a1d4b27a98e84d9840c6aea99af7\",\"name\":\"Lee Lin\",\"url\":\"https:\/\/www.renthop.com\/blog\/author\/lee\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"No Fee Apartments NYC! - Real Estate Topics, Tips, and Guides","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.renthop.com\/blog\/no-fee-apartments-nyc\/","og_locale":"en_US","og_type":"article","og_title":"No Fee Apartments NYC!","og_description":"Entrepreneurs know that the key to most great innovation isn’t an incremental improvement on the status quo, or a slightly more efficient and optimized implementation of an old spec.\u00a0 As Christensen writes in the infamous Innovators’ Dilemma, the real game-changers in the world are disruptive inventions.\u00a0 When we began creating RentHop.com, the first truly free […]","og_url":"https:\/\/www.renthop.com\/blog\/no-fee-apartments-nyc\/","og_site_name":"Real Estate Topics, Tips, and Guides","article_publisher":"https:\/\/www.facebook.com\/renthopapartments","article_published_time":"2009-02-27T07:15:05+00:00","article_modified_time":"2023-07-24T18:41:37+00:00","author":"Lee Lin","twitter_card":"summary_large_image","twitter_creator":"@renthop","twitter_site":"@renthop","twitter_misc":{"Written by":"Lee Lin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.renthop.com\/blog\/no-fee-apartments-nyc\/#article","isPartOf":{"@id":"https:\/\/www.renthop.com\/blog\/no-fee-apartments-nyc\/"},"author":{"name":"Lee Lin","@id":"https:\/\/www.renthop.com\/blog\/#\/schema\/person\/5877a1d4b27a98e84d9840c6aea99af7"},"headline":"No Fee Apartments NYC!","datePublished":"2009-02-27T07:15:05+00:00","dateModified":"2023-07-24T18:41:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.renthop.com\/blog\/no-fee-apartments-nyc\/"},"wordCount":754,"publisher":{"@id":"https:\/\/www.renthop.com\/blog\/#organization"},"articleSection":["RentHop"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.renthop.com\/blog\/no-fee-apartments-nyc\/","url":"https:\/\/www.renthop.com\/blog\/no-fee-apartments-nyc\/","name":"No Fee Apartments NYC! - Real Estate Topics, Tips, and Guides","isPartOf":{"@id":"https:\/\/www.renthop.com\/blog\/#website"},"datePublished":"2009-02-27T07:15:05+00:00","dateModified":"2023-07-24T18:41:37+00:00","breadcrumb":{"@id":"https:\/\/www.renthop.com\/blog\/no-fee-apartments-nyc\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.renthop.com\/blog\/no-fee-apartments-nyc\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.renthop.com\/blog\/no-fee-apartments-nyc\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.renthop.com\/blog\/"},{"@type":"ListItem","position":2,"name":"No Fee Apartments NYC!"}]},{"@type":"WebSite","@id":"https:\/\/www.renthop.com\/blog\/#website","url":"https:\/\/www.renthop.com\/blog\/","name":"Real Estate Topics, Tips, and Guides","description":"Real Estate Blog","publisher":{"@id":"https:\/\/www.renthop.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.renthop.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.renthop.com\/blog\/#organization","name":"RentHop","url":"https:\/\/www.renthop.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.renthop.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2023\/07\/renthop-logo-2022-1.png","contentUrl":"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2023\/07\/renthop-logo-2022-1.png","width":1044,"height":266,"caption":"RentHop"},"image":{"@id":"https:\/\/www.renthop.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/renthopapartments","https:\/\/x.com\/renthop","https:\/\/www.instagram.com\/renthop","https:\/\/www.tiktok.com\/@renthopofficial"]},{"@type":"Person","@id":"https:\/\/www.renthop.com\/blog\/#\/schema\/person\/5877a1d4b27a98e84d9840c6aea99af7","name":"Lee Lin","url":"https:\/\/www.renthop.com\/blog\/author\/lee\/"}]}},"modified_by":"Faye","_links":{"self":[{"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/posts\/3887"}],"collection":[{"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/comments?post=3887"}],"version-history":[{"count":1,"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/posts\/3887\/revisions"}],"predecessor-version":[{"id":18150,"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/posts\/3887\/revisions\/18150"}],"wp:attachment":[{"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/media?parent=3887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/categories?post=3887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/tags?post=3887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}