All Forum Posts by: Kelly Skeval

“Pints and Properties” is a real estate investors meetup to collaborate over beers, share knowledge and network with like-minded individuals.

It’s for anyone and everyone interested in real estate investing; aspiring investors, those with a few properties and those with many…all are welcome! 

 Location

Cedarwood Event Venue
9632 State Route 96
Trumansburg, NY

 Format 

Speaker
Networking 

 This Month’s Topic 

Hospitality Real Estate Investing

Speaker: Sara Abernethy

Join us to hear how Sara went from long term rentals into Hospitality Real Estate where business, real estate and hospitality all converge. She will share her story of transitioning from long term investment properties to owning short term rentals and now two event centers; New Park Venue and Suites and Cedarwood Event Venue. If you're interested in the hospitality real estate investing niche then you don't want to miss this!

Please be sure to register for this event.

https://www.eventbrite.com/e/732944104547?aff=oddtdtcreator

Monday November 14 at 5:30pm

Pints and Properties is a real estate investors meetup to collaborate over beers, share knowledge and network with like-minded individuals.

It’s for anyone and everyone interested in real estate investing; aspiring investors, those with a few properties and those with many…all are welcome! 

 Location

Liquid State Brewery

620 W State St

Ithaca, NY

 Format 

Speaker

 Deal Deep Dive 

Deal Analysis of a property CURRENTLY for Sale on the MLS 

Networking 

 This Month’s Topic 

Short Term Rental Amenities

Ever wonder what amenities you should be providing to guests at your short term rental? What is worth it, what is not? Join us to hear what types of amenities to provide to boost bookings, get 5 star ratings and create a great guest experience.

Reserve your spot here:

https://www.eventbrite.com/e/pints-and-properties-tickets-461987977477

“Pints and Properties” is a real estate investors meetup to collaborate over beers, share knowledge and network with like-minded individuals.

It’s for anyone and everyone interested in real estate investing; aspiring investors, those with a few properties and those with many…all are welcome! 

 Location

Firelight Camps
1150 Danby Rd
Ithaca, NY

 Format 

Speaker
Deal Deep Dive 
Deal Analysis of a property CURRENTLY for Sale on the MLS 
Networking 

 This Month’s Topic 

5 NYS Landlord Tenant Laws Every Landlord Should Know

As a landlord, it's important that you know and understand the tenant landlord laws. There are rules and regulations for tenant screening, security deposit collection and return, lease non renewals and other phases of the tenant landlord process and relationship. We'll discuss 5 laws that landlords should know and follow.

Register Here: https://www.eventbrite.com/e/p...

Monday April 18th at 5:30pm 

“Pints and Properties” is a real estate investors meetup to collaborate over beers, share knowledge and network with like-minded individuals.   

It’s for anyone and everyone interested in real estate investing; aspiring investors, those with a few properties and those with many…all are welcome! 

Location 

Liquid State Brewery
620 W Green St
Ithaca, NY 14850 

Format 

Speaker  
Deal Deep Dive 
Best Deal CURRENTLY on the Market handout 
Networking 

This Month’s Topic 

Deal Analysis w/ Kevin Koehler

Evaluating properties; how to determine potential cashflow, ROI and other return metrics. 

Kevin is a full time firefighter for the City of Ithaca and has been investing in real estate for 7 years. He enjoys the process of analyzing properties and figuring out how to make deals work. Kevin has used house hacking and value add strategies along with traditional financing, hard money, partnerships and owner financing to grow his portfolio to 12 units.

Please Register Here

A great idea!  Value add, income generating and your son stays in place for his senior year. Love it

Hi all. I’m an investor and agent in the Ithaca and surrounding area. I’m primarily long term rentals but just closed on a single family on the lake in Ovid that will be a str. 

The town of Ithaca has a lot of new str regulations, the biggest being you cannot rent a non owner occupied property (this is for properties not on lakefront) out for more than 29 calendar days in a year. Their is talk that the City of Ithaca is going to follow suit. Short term rentals around the lake do well but if you definitely have to research each towns regulations because have none and others impose a lot.

Here is a link to the proposed regulations, I can’t find the final draft on a quick search but I’m pretty sure this was enacted without any changes.

https://bit.ly/3rPRNmt

Long term rentals and student housing in Ithaca continue to do really well, you can usually take advantage of both cashflow and appreciation in this market. 

In addition the the suggestions of checking for leaky pipes, toilets etc.  I second @Drew Sygit in submetering and removing that bill from your expenses.  This is a fantastic way to add value and increase cashflow.

Hi @Jhameel Bernadeau! So exciting that you're saving up to get started! I also agree that house hacking is a great way to break into the space. If you qualify for an FHA loan you could put as little as 3.5% down on a duplex, FHA loans also allow you to do seller concessions. They're not very competitive loans in this market right now but are great for getting started.

I would recommend meeting with a banker now to find out how much you qualify for and if you need to work on anything while saving. Once you know the loan amount you qualify for you can then start working with an agent to find properties. If you work with an investor friendly agent they’ll be able to analyze properties with you.

Hi Warren,

I've personally dabbled off and on in the airbnb niche (even back before it was a thing) in the heart of the Finger Lakes with great success. 

I just closed on a property along the West side of Cayuga Lake less than a 1/4 mile from a wedding venue. The current plan is to renovate and use it strictly as an airbnb. I'm very confident it will do well in this specific area.  

I run a meetup in Ithaca and we had an Airbnb management company speak at the event. They really have a great handle on the airbnb market here and would be super helpful in answering your questions. Feel free to reach out to me and I'll send you their contact info.

Also, I 100% second everything @Stephanie Jacobson said. My property is in the Ovid area she referenced.

Hi @Gabriela Huayhualla.  How exciting!  There are a lot of markets in "Upstate NY" and they don't all perform the same.  Do you have a specific area in Upstate NY you were looking? I'm an agent and investor in Ithaca, NY where @Nick Rutkowski suggested.  We see continued population growth and the area is insulated by multiple colleges. I've experienced both appreciation and good cash flow.  My rentals are primarily student housing and working class. Since COVID I've had quite a lot of people from the City, Long Island, NJ etc relocate up here. Prior to that I would get about a handful of people every year that would purchase lake homes or summer homes from those areas.