The Real Deal New York

From the April issue: Fresh from graduation, tens of thousands of young renters arrive in the city each year, looking to rent in Manhattan. But the numbers are daunting: One-bedroom doorman apartments rent on average for $3,500 a month, and landlords want to see annual incomes of 40 or more times monthly rent before they give an applicant a shot at a lease. Some applicants bring in guarantors, but those co-signers have to show incomes of 80 times the monthly nut. What are these fresh-faced hopefuls to do if they don’t have a high-paying job in the financial sector (an increasingly less-likely scenario) or a parent making buckets of money? Buy insurance, according to the Insurent Agency Corp., an insurance company founded by Jeffrey Geller and partners.