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Updated 1 day ago on .
Orange County New York Investment Question - Renter Pipeline
Hi all - first post on the forums.
Had a question for investors familiar with the town of Middletown in the Orange County region of upstate New York. I am not a full time professional, still a W2 earner looking to expand my rental portfolio. In general, have been looking at towns that are just outside of comfort for daily commuting into New York City (>75min) so are not AS expensive as closer cities but still can cashflow as a rental.
Am considering a condo (HOA is pretty well managed and allows rentals). I know feedback on condos is mixed and I'm giving up some of the cashflow in return, but I'm concerned about remotely managing the bigger ticket items and this was my way of minimizing the risk.
My question -- Are any folks familiar with renting in Middletown New York or know how to manage sourcing tenants has been for them? If you don't live in the vicinity, how do you source them and vet them? Would love to connect and hear any feedback.
Thanks!