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Updated about 18 hours ago on . Most recent reply

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Ron Wood
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How tenant friendly is upstate NY

Ron Wood
Posted

Hi All,
I am just getting into REI, literally in the planning stages, and looking to invest in Rochester, NY. However, I hear a lot about how tenant friendly NY state is which is making me consider investing out of state. The issue is this is the area I know best and have resources in. I am specifically looking at single family homes for long term rental.

So how much of a concern is it? Can it be mitigated by looking at higher class neighborhoods? Does anyone calculate this into their expenses? Anyone getting out of REI in NY because of the changes?  What is the trade-off between investing out of state in a landlord friendly market vs. your own tenant friendly backyard?

Thanks!

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