Albany Property Management Blog

3 Tips for Accurate Rental Valuation in Albany, NY

It's no easy feat being a landlord in today's topsy-turvy market. While New York State commands some of the highest average rents in the country, the picture is a lot more mixed when you dive into the specifics.Rents in the Big Apple have been on a continuous upward climb...

Achieve Financial Growth through Portfolio Management

Despite attracting 302,835 new residents last year, New York saw a net population decline of 178,709 as 481,544 residents moved elsewhere, according to an article by Time Union based on recent U.S. Census data. This worrying trend highlights the need for strategic property manage...

3 Great Reasons to Work With an Albany Realtor When Investing in Real Estate

Albany, a quieter location that offers proximity to New York City, Boston, and Montreal, is home to about 100,000 people and has a vibrant real estate market. Whether you're looking to buy a residential home for your family or an investment property for rental housing, the ca...

Guide for Rent by Owner Landlords in Albany, NY: Effective Property Management

Being a landlord who rents out your property on your own can be both exciting and challenging. In this rental property guide, you'll discover important strategies for managing your rental property. From understanding the local rental market to building good relationships with...

Tenant Background Check: Safeguard Your Albany Rental Property Today

In Albany, landlords make around $47,000 to over $63,000 annually, per Salary.com. So, if you have property here that's just sitting empty, consider renting it out.But to maximize your rental income, you must choose renters carefully. Luckily, you can determine their viabilit...

Maximize ROI: Tips for Commercial Property Owners

The average landlord in Albany, New York makes over $62,000 annually. Commercial property owners tend to make more money than their residential counterparts. Leases are longer and rent is higher for businesses.Here, we're going to talk about:Financial managementUnderstanding ...

Mastering Commercial Property Valuation: Best Methods in Albany

According to the National Association of Realtors, Albany has a stronger commercial real estate market than the national average. Though commercial real estate has taken a hit in the past few years, you're less likely to struggle to fill vacancies here in upstate New York.Tha...

Energy Management for Commercial Properties: Strategies for Sustainability and Cost Savings

The monthly average commercial retail price of electricity in New York has continuously increased over the years. And it's unlikely that consumers will see any significant decrease soon.However, that doesn't mean you, as an Albany commercial property owner, should let hig...

Navigating Real Estate Financing in Albany: Options and Considerations

Inflation may be cooling, but the cost of housing is still creeping up. The median price of homes sold in November 2023 was $387,600, a 4% increase over the previous year. With these challenges, home buyers need to make strategic real estate financing choices.Are you curious abou...

Rent-to-Own Homes: A Path to Homeownership in Albany, NY

The average home price has risen in New York's market. Luckily, rent-to-own homes can make your dreams of owning a residence more affordable.As you explore rent-to-own homes, you're looking into a unique agreement that blends renting a property with the chance to buy it l...