Property Management Blog

Schenectady NY Opportunity Zones

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Schenectady NY Opportunity ZonesThis article is part of a 4-part series on Capital Region Opportunity Zones.  For more info, check out The Average Investor's Guide to Opportunity Zones, Albany NY Opportunity Zones, and Troy NY Opportunity Zones.  After a 50 year decline following the retraction of General Electric, Schenecta...

Troy NY Opportunity Zones

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Troy NY Opportunity ZonesThis article is part of a 4-part series on Capital Region Opportunity Zones.  For more info, check out The Average Investor's Guide to Opportunity Zones, Albany NY Opportunity Zones, and Schenectady NY Opportunity Zones.  Had anyone suggested to me back in 2000 when I was attending college in Troy, N...

Albany NY Opportunity Zones

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Albany NY Opportunity ZonesThis article is part of a 4-part series on Capital Region Opportunity Zones.  For more info, check out The Average Investor's Guide to Opportunity Zones, Schenectady NY Opportunity Zones, and Troy NY Opportunity Zones.  Albany NY is experiencing a real estate renaissance that is beginning to rival ...

The Average Investor's Guide to Opportunity Zones

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The Average Investor's Guide to Opportunity ZonesThis article is part of a 4-part series on Capital Region Opportunity Zones.  For more info, check out Albany NY Opportunity Zones, Schenectady NY Opportunity Zones, and Troy NY Opportunity Zones.  If you're involved in real estate, chances are you’ve heard...

7 Steps to Properly Screening Tenants

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7 Steps to Properly Screening TenantsWhether you’re an accidental landlord renting out your Saratoga single family or a professional investor with multifamily units throughout Albany, Schenectady, and Troy, having an air-tight tenant screening process is the most important thing you can do to ensure your tenants pay rent on time, ta...

3 Keys to Ensuring Rent is Always Paid On Time

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Back in 2002 while still in college, I purchased my first rental property, a small duplex which came already occupied with tenants in one unit.  My plan was to live in the vacant unit and rent out the other, with the expectation that my rent collected would cover my mortgage and I’d get to live there pretty much for free.  ...

8 Things HGTV Gets Wrong About Home Renovations

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HGTV certainly deserves credit for inspiring a home renovation boom in America, but they also deserve much of the blame for painting a misleading picture of how major home renovations really work in the name of dramatic television. Like Scooby Doo and MacGyver, HGTV has discovered a repeatable formula for engineering each episode almost i...

Rental Rehab Before and After

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If I could find 100 deals identical to the duplex we bought as an investment property last year in Schenectady, NY, I'd buy them all.  In fact, the economics of this deal worked so well, it completely warped our expectations of every other deal we looked at since, causing us to pass on countless other not-as-good, but still prett...

10 Seller Financing Myths BUSTED!

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What Is Seller Financing?Seller financing, also known as owner financing, is one of the most misunderstood, mysterious topics in real estate.  Much like mustaches and aviator glasses, seller financing was last popular in the 70’s and 80’s when mortgage interest rates climbed well into double digits, and is seeing a resurg...

7 Not-So-Obvious Questions to Ask Before Hiring Your First Property Manager

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A friend of mine recently relocated to upstate New York from his home state of Texas.  He and his wife wanted a home that was “move-in ready” and settled on a newly remodeled ranch in Saratoga County and moved in this past July.  Within days of moving in, he was complaining of trouble with his air conditioning, so I ...