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All Forum Posts by: Tommy Cheng

Tommy Cheng has started 21 posts and replied 44 times.

Short-Term & Vacation Rental Discussions

Post: Short Term Rentals West New York

Tommy ChengPosted
  • Real Estate Agent
  • New York, NY
  • Posts 45
  • Votes 13

@Ken Latchers Thanks for the advice Ken.  I'll start sifting through the short term forum.

0 Votes
Short-Term & Vacation Rental Discussions

Post: Short Term Rentals West New York

Tommy ChengPosted
  • Real Estate Agent
  • New York, NY
  • Posts 45
  • Votes 13

@Paul Sandhu That's the issue.  I've done a fair amount of research on the Airbnb rental market in WNY, and have contacted a few hosts without any response.  I don't know if hosting Airbnb will provide great returns immediately, but the ceiling is higher than long term rentals.

0 Votes
Short-Term & Vacation Rental Discussions

Post: Short Term Rentals West New York

Tommy ChengPosted
  • Real Estate Agent
  • New York, NY
  • Posts 45
  • Votes 13

@Maurice Glanville Looking in the 300 - 500k range, I've set aside 40k for renovations if needed

0 Votes
Short-Term & Vacation Rental Discussions

Post: Short Term Rentals West New York

Tommy ChengPosted
  • Real Estate Agent
  • New York, NY
  • Posts 45
  • Votes 13

Hi, I'm an aspiring real estate investor living in NYC and interested in buying in the West New York, NJ market to rent out as short term rentals or multi-family rentals.  Does anybody have any experience in that area in terms of ease of renting, cash flow, or general tips?  I've been in the analysis-paralysis phase for quite awhile and am ready to make a move.

0 Votes