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Rent-Direct.com Is New York & New Jersey Metro's Marketplace For No Broker Fee Apartment Rentals

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Market News
Rent-Direct.com Springs into Action with New Website
and “Virtual Exclusive” Apartments
April 14th, 2004

Rent-Direct.com (www.Rent-Direct.com), New York’s number-one marketplace for no-broker-fee apartments, launched the newest version of its widely used apartment search website today. With the peak rental season quickly approaching, college graduations nearing and corporate relocations on the rise, Rent-Direct.com launched its site to accommodate an expected increase this year in the number of renters looking to avoid costly broker fees.

The new streamlined website is packed with resources that make finding an apartment in New York City faster, easier and more economical. The newest addition to the website is “virtual exclusive” apartment listings. The “virtual exclusive” logo on a listing helps renters to easily identify apartments that can only be found on Rent-Direct.com and not on any other no-broker-fee website. This gives renters who use Rent-Direct.com an added advantage and exclusive access to more apartments than ever before.

More Than Just a List

As mentioned in Time Out New York’s April 15, 2004 “Apartment Issue,” Rent-Direct.com members enjoy access to the largest marketplace of currently available no-broker-fee apartments, as well as useful tools and services, including:

Rent-Direct.com Advisor and Customer Service support 7 days a week.
Neighborhood info from the Not For Tourists Guidebook.
Street maps and mass transit links.
New apartment, rent reduction, open house and landlord incentive e-mail alerts.
Apartment building photos and street panoramas (when available).

“Think of Rent-Direct.com as a marketplace for apartments where renters and landlords come together without an expensive broker in between,” says Rent-Direct.com Vice President, Ralph Barocas. “Renters need to know we are more than just a list. We are a full-service alternative to using a broker.”

Rent-DirectAdvisor Advantage

A major benefit of using Rent-Direct.com is the ability to consult with an Apartment Advisor trained on NYC apartment finding strategies. Rent-Direct.com Advisors give customized attention to each member, providing them with the answers to their questions on everything from move-in costs to neighborhood info to landlord negotiation tips.

Renters with difficult situations, such as credit issues, pets, no rental history, students or those coming from out of town, especially find Rent-DirectAdvisors key to their success. “I didn't know anything about getting an apartment in the Big Apple,” said Molly Gallegos, a happy Rent-Direct.com member and recent University of Denver graduate. “My Rent-Direct.com Advisor was excellent and taught me everything I needed to know about finding an apartment in this difficult city.” Molly saved more than $1,500 in broker fees on an amazing apartment on Columbus Avenue on the Upper West Side and her rent is $250 less per month than the previous tenant.

No More Broker Fees

Instead of paying the traditional broker fee, apartment seekers can join Rent-Direct.com for a one-time registration of $165 or $195 for 60 days of service. Students and recent graduates are eligible for a discount on registration. The average Rent-Direct.com member saves up to $3,600* in broker fees. Traditional brokerage commissions vary from one month’s rent up to 20 percent of the annual rent depending on the location of the apartment and the broker.

Renters looking for an apartment in the NYC metro area can speak with a Rent-DirectAdvisor by dialing 1-888-278-7111 ext. 3 for a no-obligation discussion about their apartment search and a free guest account or by visiting the website at www.Rent-Direct.com.

About Rent-Direct.com

Rent-Direct.com is New York’s number-one marketplace for bringing renters and landlords together to rent apartments without the traditional broker fee. We are committed to permanently changing the way people rent apartments in the New York metro area by replacing the need for a broker with economical and easy-to-use apartment finding resources and top-notch service. Rent-Direct.com is the online division of Apartments Illustrated, Inc., a licensed Apartment Information Vendor.

Note:
* Based on a $2,400 monthly rent and 15 percent broker fee in Manhattan.


More Rent-Direct.com In The News. . .

Current News Features
Date Article Publication
09/10/2006 What Are Friends For? The New York Times
06/01/2006 Do those no-fee listing services really work? About.com
03/01/2006 Finding an apartment doesn't have to be a nightmare anymore! WCBS Newsradio 88
05/12/2005 Getting an Apt. on Your Own New York Daily News
04/18/2005 Reality Check: US Apartment Rental... Market News
02/08/2005 Movin' on up JustLuxe.com
02/01/2005 Rent-Direct.com and Its NYC Small Business Coalition Market Wire
01/06/2005 New York Businesses Increase... Metro New York
01/06/2005 Sunnyside Up: Down on Manhattan... Metro New York
01/03/2005 The Lunch Club has partnered with Rent-Direct.com's NYC Small Business Coalition The Lunch Club
01/03/2005 Tsunami Relief Efforts with the NYC Small Business Coalition MeetTheNeighbors.org
12/26/2004 The Hunt: Just 18, and Singing for... The New York Times
12/05/2004 Living On The Ground Floor The New York Times
11/18/2004 Second time's a charm... Metro New York
09/24/2004 How I Got My Apartment (Go West...) Newsday
09/24/2004 Rent-Direct.com Student Housing... USA Today HOT SITE
08/11/2004 Renting Made Easy... Real Estate Weekly
07/11/2004 A Perfect Job Means Leaving... The New York Times
07/01/2004 Homeownership benefits provide... Employee Benefits News
06/09/2004 Out to Launch MediaPost.com
05/13/2004 Reality Check: US Rental Market... Market News
05/05/2004 New Website Springs Into Action Real Estate Weekly
04/15/2004 Manhattan For Rent Time Out New York
04/14/2004 Rent-Direct.com Springs into Action... RealEstateInformant.com
Archived News Features
Date Article Publication
04/24/2003 Kiss Your Broker Goodbye Time Out New York
07/13/2001 The State of Real E-state Newsday
04/09/2001 Apartment site draws renters, skips... Crain's Business
04/04/2001 Rent-Direct.com announces partnerships with websites Real Estate Weekly
03/21/2001 Internet Transforms the Way to... Real Estate Weekly
12/06/2000 Rent-Direct.com building on its name Real Estate Weekly
10/09/2000 Netting the Perfect Apartment... Daily News
08/02/2000 Moving In The New York Times
05/17/2000 Real Estate Weekly Real Estate Weekly
04/13/2000 Rent This Now! - Affordable... Daily News
04/10/2000 Annual Real Estate Edition New York Magazine

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