Posted by Talia (NY) on May 23, 2002 at 14:59:54:
Well Rob, there are plenty colleges in the area so you could rent to them by room and get a positive cash flow that way as opposed to renting the whole house to one person or one family.
I live near Hofstra and Adelphi and students are ALWAYS looking for housing!
Question for Landlords - Posted by jeff mason
Posted by jeff mason on May 23, 2002 at 12:53:55:
I have a few properties that have been rented out consistently for about $600-$800/mo. without any major problems with vacancy. I’m looking into buying some higher priced single family homes in the next couple of months. What I’m wondering is if there is a general rule of thumb as to what price I should stay under. Has anyone had success in renting out properties for $1000-$1200/mo. or more ???
Re: Question for Landlords - Posted by Rob
Posted by Rob on May 23, 2002 at 13:47:28:
Herein New York, SF houses run 200-300K plus, so rents will be 2k-3K/mo…now THATS’s difficult.
I pay 1200/mo for a 2-br aparment here !!!