All Forum Posts by: Account Closed

Thanks everyone for so many in-depth responses. 

I would appreciate it if you could provide some feedback on these two listings:
(1) 59 Genesee View Trl (http://www.realtor.com/realestateandhomes-detail/5...)
(2) 11 Antelope Ln (http://www.realtor.com/realestateandhomes-detail/1...)

Would these be good rentals for RIT students? The expected rents (on Zillow) for these properties seem higher than the numbers mentioned in this thread. Specifically, I think 59 Genesee View Trl has an expected rent of 1250, which comes out to 625 per bedroom. And 11 Antelope Ln has expected rent of 1700, which is 567 per bedroom. The properties however are in good condition. Based on the images and the property locations, do you think the figures on Zillow are reasonable? From the previous posts, it seems like the expected rent in the Rochester area is closer to 400 per bedroom. 

I had already heard of RIT, so I started my search for properties close to the RIT campus. Had not heard of UR until I had done more research. Would you recommend buying a rental property near one over the other? 

Also, can you guys recommend some good property managers? I have heard of Integrity PM - is this a good company?

Will re-read all the responses tomorrow and write a more thorough post tomorrow.

Thanks,
Preetham

Hi,

I'm interested in buying a rental property somewhere in Rochester area. So far I have identified several interesting properties that are within 1-2 miles from RIT. 

I would appreciate the advice of someone who lives in Rochester or is familiar with the Rochester area. 

I actually live in SF bay area and so the properties will have to be managed through PM. My interest in Rochester is mainly due to the potential cash flow. Properties in the bay area are appreciating well, but are unlikely to generate positive cash flow. 

I'll be flying out to Rochester in a couple of weeks to view several properties. This would be my first rental property out of state. Can someone advise me on whether my plan sounds reasonable. Specifically, what do you think about buying a rental property in the RIT area. Do you think it will be feasible to manage the property (through PM) while living out of state?