All Forum Posts by: Alicia Rice

I have a question about this - could a landlord simply require the prospective tenant to produce the credit report him- or herself as part of an application package?  I am aware there could be risks - ex. people can forge documents.  I am only asking if such a requirement would be disallowed under this new law.  Thank you for any replies.

It's certainly not a market poised for growth.  The state government as the region's largest employer provides a good deal of employment stability.  However, there isn't much job growth otherwise, and many formerly important employers are in trouble (GE, for example).  From what I see in my county (Saratoga), the population tends to skew a bit older.  There's no rush to alleviate school overcrowding, and many people you see out and about are middle-aged to elderly.  My concerns with the market are demographic - low growth, aging population, and economic - there's not much job growth to attract or keep working age residents, especially Millennials and Gen Z.  An aged population will obviously vacate their homes at some point, and if an area isn't attracting newcomers it won't bode well for home price appreciation.

I am from upstate NY (Capital Region), and I have zero experience owning real estate.  I am interested in small multifamily properties, with the intent to house hack by living in one unit.  I am not a flipper, as my construction and maintenance skills stop at spackling and painting.  I am trying to learn as much as possible about RE investing for cash flow, landlording, and home maintenance so I can be ready when an opportunity presents itself.  I look forward to learning from all the knowledgeable people here.