We also tried landscaping companies, but we had no luck.

Things like who is responsible for landscaping and snow removal.

If there is landscape you will either need to do yourself (i find it is a good excuse to visit periodically) or get a landscape company. 

There are some weird statistics in play here however, over 70% of Syracuse homes are occupied by renters and last metrics pointed to 290,000 homes in the Syracuse area and just one in every 1,800 homes are in foreclosure.

Lots of good things on the horizon that'll transform the landscape here. 

Landscaping?  

Purchase price: $315,000 5.9% CAP B class property 25% down payment 5.25% interest rate 5/5 20 year amortization Expenses Vacancy: 8% Property tax: 7,000/year Insurance: 2,000/year Property management: 12% Maintenance: 5% CapEX: 5% Utilities: 325/month Landscaping: 50/month Loan payment: 1,592/month Income Gross rent: 3,485/month Storage: 200/month I will basically break even using the above projections.

If a 7k cap ex project hits, it currently eats up your entire year's profit.For the 10% expenses.....In this area, and compared to your potential competitor's tenant's pay for water, electrical, heat, snow removal/landscaping? 

Hey BP! Being a new multifamily investor in Florida, I'm interested to know how well multifamily properties held up during the last recession and what I could potentially expect come the next cool down. The majority o...

Cleaned up yard, landscaped and refreshed retaining wall with some paint and crack repair.