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Updated over 8 years ago on . Most recent reply

Account Closed
  • Investor
  • Goshen, NY
0
Votes |
1
Posts

Binghamton, NY Student Rentals

Account Closed
  • Investor
  • Goshen, NY
Posted

Hello, I am looking to invest in student rentals in Binghamton NY. Does anyone know of a reliable realtor that knows the area well as well as a property manager?

Thanks

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Gary Kline
  • Attorney
  • Binghamton, NY
84
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127
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Gary Kline
  • Attorney
  • Binghamton, NY
Replied

Been closing multis for 27 years.  When I recently spoke to a property manager in Binghamton he said that some westside/downtown rental houses are actually vacant and if you wanted to rent they now bring $100/$200 less per room/per month than a year or so ago.  This may reduce the sales price a bit on some.... but as they say location, location, location are still the key.... the outliers, however, will see discounts first.

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