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NYC Buildings

NYC Landlord Guide

Maximize Your
Rental Income.

Your complete guide to leasing property in NYC, including FARE Act compliance and tenant screening.

Milton Coste

Licensed Real Estate Associate Broker

Compliance Required

The FARE Act

Effective June 11, 2025 — Key changes for landlords

⚠️ What's Changed

  • You cannot charge tenants broker fees
  • Listings must clearly state all tenant fees
  • Written itemized fee disclosure required before lease signing
  • Keep signed disclosures for 3 years

✓ Your Options

  • Pay the broker fee yourself — Most common approach
  • Adjust rent to offset broker costs over time
  • Work with a broker who delivers qualified tenants
  • Reduce vacancy time = more income
NYC Street

The Value

Why Hire Milton?

57,000+ Agents

Dual MLS exposure to REBNY (14K) + OneKey (43K) agents.

Tenant Screening

Thorough credit, income, and reference verification.

Market Pricing

Data-driven rent analysis to maximize your income.

FARE Compliance

Proper disclosures and documentation handled.

Maximum Exposure

Marketing & Advertising

Your property advertised on every major platform where renters search

SE

StreetEasy

#1 in NYC

Z

Zillow

200M+ visitors

R

Realtor.com

100M+ visitors

A

Apartments.com

50M+ visitors

H

Homes.com

CoStar Network

+

100+ Sites

MLS Syndication

Professional Media

  • ✓ Professional HDR photography
  • ✓ 3D Matterport virtual tours
  • ✓ Cinematic video walkthroughs
  • ✓ Vertical videos for social media
  • ✓ Virtual staging options
  • ✓ Decluttering consultation

Email & Network Marketing

  • ✓ 20,000+ past clients database
  • ✓ 57,000+ broker/agent network
  • ✓ Targeted email blasts
  • ✓ Agent-to-agent networking

Social Media Promotion

Your rental promoted across all my social channels to thousands of followers

Instagram Facebook YouTube TikTok LinkedIn

Video tours, property highlights, and market updates shared daily

Distribution • Leverage • Access

Why My Affiliations Matter

Real estate is a distribution business. The agent who controls access controls outcomes.

RLS

REBNY RLS

Real Estate Board of New York

  • ✓14,000+ NYC-based agents
  • ✓23,000+ active listings
  • ✓Where serious NYC renters look first
OK

OneKey MLS

New York's Largest MLS

  • ✓43,000+ agents across NY metro
  • ✓4,300+ brokerage offices
  • ✓Captures relocating tenants early

Combined reach: 57,000+ agents see your listing

Most agents only use one system. I use both.

REBNY•OneKey MLS•HGAR•NYSAR•NAR

How It Works

The Leasing Process

1

Property Evaluation

We assess your property, recommend improvements, and set competitive market rent.

2

Professional Marketing

HDR photos, 3D tours, video, and syndication to StreetEasy, Zillow & 100+ sites.

3

Showings

I handle all inquiries and conduct showings. You don't lift a finger.

4

Tenant Screening

Credit check, income verification, employment, and references.

5

Lease Execution

FARE-compliant lease with all required disclosures and documentation.

6

Move-In

Key exchange, move-in inspection, and tenant onboarding.

NYC

Quality Tenants

Screening Criteria

I verify every applicant thoroughly to protect your investment.

Income: 40x Monthly Rent

Verified through pay stubs, tax returns, and employer contact

Credit Check

Credit score, payment history, outstanding debts

Rental History

Previous landlord references and eviction check

Employment Verification

Current employer confirmation and job stability

Legal Compliance

Fair Housing Laws

NYC has some of the strongest fair housing protections. Know your obligations.

You Cannot Discriminate Based On:

Race / Color

Religion

National Origin

Sex / Gender

Family Status

Disability

Sexual Orientation

Source of Income*

*In NYC, you must accept Section 8 vouchers and other lawful sources of income. I ensure all marketing and screening complies with these laws.

Manhattan

Maximize Income

Pricing Strategy

📉

Price Too Low

You leave money on the table every month. Lost income adds up over the lease term.

✓

Priced Right

Maximum rent the market supports. Fast lease-up with qualified tenants.

📈

Price Too High

Extended vacancy. Each empty month is lost rent you'll never recover.

I analyze 179 neighborhood data sets to recommend the optimal rent for your property.

First Impressions

Property Prep Checklist

🧹

Deep Clean

Professional cleaning including appliances, windows, and grout.

🎨

Fresh Paint

Neutral colors appeal to the widest audience. Touch up scuffs and marks.

🔧

Fix Everything

Leaky faucets, sticky doors, broken blinds — fix before showing.

💡

Good Lighting

Replace burned-out bulbs. Bright spaces photograph and show better.

🚿

Update Fixtures

Modern fixtures in kitchen and bath can justify higher rent.

📦

Declutter

Empty closets look bigger. Remove all personal items.

Proven Results

Recent Rentals

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Sorted by most recent

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Upper West Side

Proven Results

My Track Record

680+

Rentals Placed

25+

Years Experience

40+

Neighborhoods

5.0★

Google Rating

Get Started

Ready to Rent
Your Property?

Free rental analysis and consultation. Let's maximize your investment.

Free Rental Analysis (917) 416-7433
Scan to Schedule

Scan to Schedule

calendly.com/mcoste

Keller Williams NYC

Milton Coste

Licensed Real Estate Associate Broker

Phone

(917) 416-7433

Email

mcoste@kwnyc.com

Website

miltoncoste.com

360 Madison Avenue, 9th Floor, New York, NY 10017
NY License #10301213304

Equal Housing Opportunity. Milton Coste is committed to Fair Housing principles and FARE Act compliance.