With the area’s growing popularity, house hackers can have half of their mortgage paid by tenants in just a few years.In this article, I will examine market trends to show how the two-family market in this landmark section of Northern Queens has fared over the last three years.2-family Property Values in AstoriaThus far in 2024, Astoria sellers seem to be anticipating a bit of a standstill on property value increases.

@Jordan D'Silva very difficult to anticipate/predict changes in national and local economies, politics, etc.Detroit has been on a 10 year run, that just seems to be getting better & better overall - but, there have been multiple potholes in the journey and there will be more.

We anticipate more vacanies on the horizon, but we do not anticipating lowering rents. 

Training them simply means you control the conversation and interaction not them.An example, a tenant calls and says, "can you paint my apt a different color, I don't like it".

If the landlord is paying any utilities that are based on usage such as water, then I might discuss a rent bump to compensate for the anticipated increase in usage and address that with the lease update adding the person as an occupant. 

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

Consider it your trusted sidekick, monitoring investors' information, interactions, and preferences.

However there are some reputable new construction builders in the area.There is, as you likely know, a housing shortage and, once Caesars Casino opens at the end of 2024, they anticipate 2 million visitors a year. 

(New roof, paint, etc) and proceeds even if we paid capital gains taxes could pay down other properties debt including adjustable HELOCS which would double our annual income but of course we would lose a door. 1 property is currently vacant and I anticipate at least $10k to refresh including new gutters.

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.