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Updated over 1 year ago on . Most recent reply

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Michael Woo
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Vacancy Rate Albany & Adjacent Areas?

Michael Woo
Posted

Hi guys, I'm pretty new to the real estate investing world. 

A family member, and a friend have both been pretty successful in regards to appreciation and cash flow. Looking to replicate their success for myself. 

So question... vacancy rates are a bit hard to determine for me.

The census says 9% but the error rate is also 9%, so who the heck knows. 

I also read from various sources that vacancy rates for Albany are one of the highest in the country among citiesl. 

What are your experiences with finding a tenant? How long did it take on average?

Thank You

 

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