Upstate New York Real Estate Forum
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago on . Most recent reply

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!
Most Popular Reply

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.