MOME Commissioner Anne del Castillo said the increase in production companies setting up shop in the five boroughs has created more opportunities, and online hubs that help entertainment freelancers get gigs, such as the Freelancers Hub , have kept them busy.
The report, however, did stress there are several challenges facing the community. Jonathan Bowles, the executive director of the urban economic think tank Center for an Urban Future, said New York has a strong infrastructure for freelancers, which includes training centers and workshops and laws to protect them from unpaid wages, but lawmakers will have to strengthen them if they want the city to remain competitive.
With a third of the workforce doing freelance work, we should look into doing more to provide affordable benefits," he said. By Ivan Pereira 0. Understandably so - a tenant who does not pay rent on time could potentially affect the owner's personal financials. In terms of a co-op, even applicants with superlative financials have to pass an excruciatingly detailed board approval process. These buildings are run by management companies with very strict guidelines. If your financials fall outside those guidelines, you will most likely not get approved.
Getting approved as a freelancer can and does happen all the time. Here are some things you can do to help your cause. There are over 10, agents in NYC, and many of them will promise you the apartment of your dreams.
Take the time to thoroughly vet these agents to find the best one to meet your unique needs as a freelancer. You need an agent with strong relationships with landlords. Such an agent will know which landlords are more flexible. A good agent will also know how to negotiate for you. Like their apartments, landlords differ greatly. Some landlords are more flexible than others. You're going to want to focus on buildings owned by small landlords - landlords with no more than 20 buildings.
These smaller, often family-run operations can be more lenient in the approval process. Back in the day, if you had the money, you could theoretically offer to pay a year's worth of rent upfront albeit many landlords wouldn't accept this. Before the new rent laws were passed in NYC, you could also offer to pay a larger security deposit in order to persuade a landlord who might be on the fence about your credentials.
These laws are meant to protect renters but do limit one's options on how to convince a landlord to approve them. If your credit score or paperwork is lacking in any way, you should have a guarantor lined up. Your guarantor will be responsible for paying your rent should you fall behind or are unable to fulfill the payments for the duration of the lease.
A guarantor is most often a parent or family member but can be anyone in your network who meets the appropriate criteria and is willing to take on the responsibilities of the role. Needless to say, asking someone to be your guarantor is a big ask. But as a freelancer, having a strong guarantor can make the difference between getting approved or not. If you do not have someone in your network who can act as your guarantor, there are third-party services such as Insurent or The Guarantors, Jetty, and Rhino.
Guarantors still have their own approval policies, but they are fantastic options for freelancers looking to overcome the ultra-strict barriers to renting imposed by most NYC landlords. The winter is the slow season for the rental market in NYC.
Unlike the summer or fall when the market is flooded with renters, landlords are often more willing to be less strict in the approval process during the slow winter months. When you click through our links, we may get a commission. Lor Cohen Updated: Sep 7, When it comes to training, freelancers are actively updating their skills and believe that freelance business skills like marketing, networking, and financial management are critical for success.
To see further insights, please visit here for access to the full results deck and other materials. The study is conducted by independent research firm Edelman Intelligence.
Five thousand working adults over the age of 18 living in New York City were surveyed online between March 22, and April 18, Individuals were asked a series of questions about their paid work over the past 12 months, in order to obtain a full picture of the different ways working New Yorkers earn income. Of those, 1, had engaged in freelance work and 3, had not.
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