All Forum Posts by: Avani Sharma

Hi, I am a newbie-planning to invest for a rental property in Albany NY area. I have been following the market around Pine hills/Helderberg- targeting Albany Med/SUNY Albany. Houses are almost 100 year old and getting under contract within a week of listing. Will anybody be willing to share their experiences/lesson learnt while buying old houses in Albany NY. Things to look for during open houses , how to calculate cap ex rate for these old houses? Any good property managers in the area? What is the average management fee and vacancy rate. Any insight will be helpful. TIA

Congratulations on your first rental property!! I am also on lookout for a good deal in the area. Are you planning to directly look out for tenants and manage them or hire some property manager?