Vacancy Rate Albany & Adjacent Areas?

Question

Hi guys, I'm pretty new to the real estate investing world.

A family member, and a friend have both been pretty successful in regards to appreciation and cash flow. Looking to replicate their success for myself.

So question... vacancy rates are a bit hard to determine for me.

The census says 9% but the error rate is also 9%, so who the heck knows.

I also read from various sources that vacancy rates for Albany are one of the highest in the country among citiesl.

What are your experiences with finding a tenant? How long did it take on average?

Thank You

Michael Woo · Answer

Hi Nate,

Thank you for the info! I will take you up on that offer and reach out at a certain point.

Nate Monson · Answer

Hi Michael,

I don't have exact numbers in front of me. But in my experience properties in Albany are not that difficult to rent out. Of course a municipalities vacancy rate is going to be speaking to the average landlord. But those who are diligent with their marketing and screening will have more success. When I owned a duplex in Eagle Hill I had many applications that fit my criteria for the units. I am now in student rentals which is a bit of a different game but so far it's gone well in that space too. Feel free to reach out if you'd like to discuss further!