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Updated about 7 years ago on . Most recent reply

Account Closed
  • Investor
  • Goshen, NY
0
Votes |
1
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Binghamton, NY Student Rentals

Account Closed
  • Investor
  • Goshen, NY
Posted

Hello, I am looking to invest in student rentals in Binghamton NY. Does anyone know of a reliable realtor that knows the area well as well as a property manager?

Thanks

Most Popular Reply

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Christopher Stanis
  • Investor
  • Binghamton, NY
66
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118
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Christopher Stanis
  • Investor
  • Binghamton, NY
Replied
Originally posted by @Sandro Hagenbuch:

What has been the impact of the new campus that is opening this year so far on rentals? Has anyone had sizable losses/vacancies?

Sandro- their hasn't been a noticeable difference yet. There are a handful of investors who've scooped up some property near the Johnson City campus. It seems like most students are still interested in the West Side of Binghamton or downtown though. Most of the night life and restaurants in town are located there. I see a lot of students preferring to live near where they can have an active social life.  If you're still buying Student rentals, I would continue looking at Downtown Bing and the West-side. 

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