Upstate New York Real Estate Forum
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Updated about 8 years ago on . Most recent reply
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Rental properties in Upstate
Hello I am looking at purchasing a couple rental properties in upstate NY. I would like to hear some opinions from others who own rental properties or who have experience dealing with real estate in NY, as I am not the most familiar in this area. Anything to look out for? Any exuberant expenses that need to be taken into consideration? Thank you for any responses!
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Taxes are high here that's your biggest expense it's not rare to spend 8K or better. We have property and a school tax that is usually 150% more than property. We also have expenses that involve snow removal (depending on the year and property). Also closing cost are some of the highest in the country around 10K.