Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Upstate New York Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

46
Posts
2
Votes
Camronn W.
  • Investor
  • Naples, FL
2
Votes |
46
Posts

Rental properties in Upstate

Camronn W.
  • Investor
  • Naples, FL
Posted

Hello I am looking at purchasing a couple rental properties in upstate  NY. I would like to hear some opinions from others who own rental properties or who have experience dealing with real estate in NY, as I am not the most familiar in this area. Anything to look out for? Any exuberant expenses that need to be taken into consideration? Thank you for any responses! 

Most Popular Reply

User Stats

21
Posts
17
Votes
Eric Brundige
  • Rental Property Investor
  • Troy, NY
17
Votes |
21
Posts
Eric Brundige
  • Rental Property Investor
  • Troy, NY
Replied

Taxes are high here that's your biggest expense it's not rare to spend 8K or better. We have property and a school tax that is usually 150% more than property. We also have expenses that involve snow removal (depending on the year and property). Also closing cost are some of the highest in the country around 10K. 

Loading replies...