Renting a NYC apartment as a self-employed worker
Self-Employed Room

The Self-Employed

Can I rent if I am self-employed?

Yes, but it may turn out to be pretty difficult. Being self-employed is full of challenges, and unfortunately renting an apartment in New York is one of them. If you are self-employed, landlords will assume that your income is unpredictable. On top of that, you may have numerous credit cards and outstanding loans resulting in a lower credit score. As a result of the uncertainty of self-employed income, many landlords will ask for a guarantor.

Can I use my 1099 income to qualify with landlords?

Unfortunately, probably not. Landlords look at the first pages of your tax returns, and the income stated on on there is often lower. The problem here is that you they can only verify your income after deductions. The difference between your gross revenue and gross income may be significant, but landlords do not feel comfortable using your 1099 income.

Can TheGuarantors help me qualify?

You can qualify with TheGuarantors even if you are self-employed. Our qualification will be based on additional criteria, such as tax returns, available funds, and potentially other documentation. If you would like to know if you can qualify, please continue to answer our 5 minute questionnaire and we'll get back to you within 12 hours.

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