All Forum Posts by: Matt Whitermore

@Nathan Forbes welcome. I‘ll be coming across rental opportunities in Albany and would welcome the opportunity to connect and learn more about your investment criteria.

@Brendan Chetuck I’ve done some direct mail in a few different markets and will actually be living in Albany soon. Happy to connect and discuss my experience/results. What type of deals are you looking for?

Hey @Garreton Smith - going to send you a pm. I work with a few people located in Albany that may be able to help you out.

Hey @Mark Dolan and welcome!

Sending you a private message. Would love to connect and learn more about your goals and investment criteria.

Hi @Kenny D.

Do you mind sharing the locations of these properties? I have someone I’d be happy to connect you with who may be able to help you out.

Thanks,

Matt

Hi @Latisha Millard

I will send you a private message. I am purchasing a property close to downtown Albany and work with a local property manager and broker. Would be happy to connect you with them.

Hello everyone,

I am buying a 3-family home and wondering if anyone out there could recommend a product that would allow you to manage multiple locks on the same system. In other words, it seems like most smart locks out there are sold individually and require their own additional hardware for each lock (hub or other device). Does anyone know of a smart lock device out there where I would be able to provide smart locks for my tenants and manage them on the same app/system with my own?

Thanks!

@Josh Fli just sent you a private message. Would be happy to connect to discuss your hvac business as well as your investment interests.

@Josh Fli hey Josh - I would recommend buying in a location that is convenient to you and that you are familiar with. If that applies to all 3 states, then I’d search in all 3 and take advantage of having a larger farm area! I think they’re all pretty “tenant-friendly” states so I don’t think you should expect a drastically different experience landlording in Upstate vs. VT vs. western MA. I am purchasing a rental in Albany - do you do HVAC work in Albany?

@Brandon B. I agree with everything @Nate Monson says here but would add that its usually tough to shop for residential properties based on a cap rate. The story in Albany is that outside investors are coming in and are looking at investments and willing to buy for a certain amount of cash flow per unit (say $100 or $200 per unit per month). Add to that the fact that these properties are traditionally valued based on comparable sales vs. income, and it makes it even tougher to shop for duplexes based on cap rate. If you venture into the world of 5+ units, the seller will be speaking the same language and you can negotiate based on the income and expenses vs. comps.