Albany Property Management Blog

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...

New Construction Homes: What to Know Before Buying Off the Plan in Albany

Imagine walking through the door of your brand-new home that's been customized to your tastes. New construction homes allow you to bring your vision to life, making them a popular choice for many home buyers. They can sometimes be cheaper than the average home in New York, a...

Understanding Mortgage Rates: Navigating the World of Home Financing in Albany

If you're buying a home in Albany, you'll likely need a mortgage. And despite the recent drop, this will almost certainly be the biggest loan of your life.For such a major investment, it's essential to do your research. Mortgage rates depend on a lot of things, from t...

How Property Management Can Help You Protect Your Investment in Albany

Have you invested in a rental property in Albany, NY? It has had stellar economic growth and has had a high population growth rate of close to 5% since 2020.This brings many opportunities for anyone with an investment property. However, you'll have to work extra hard to compe...

Essential Tips for First-Time Landlords in Albany, NY

Becoming a landlord is tantalizing, especially when you see some of the success stories. Landlords like Michael Albaum are making $400,000 a year doing nothing but managing their own properties.Still, even Mr. Albaum admits it was daunting when he started out. Being a landlord is...