Farron- The easy answer is try a co-op in Clearview Gardens,that is your price range, and parking is easy when you drive up here. You would be a bus ride (Q16) and then 1 train stop away from Citifield. The problem is that renting out co-ops is tough, and your carrying charges will easily outstrip renting a hotel in Manhatten. Perhaps another solution is to stay in a hotel directly outside the city, like Queens or New Jersey. The commute in is easy, and the rates are about 1/2 that of Manhatten.
Antolin Du Bois, CFPÂ®
Certified Financial Planner
President, RichFaith Inc.
Beaudoin Realty Group
Keep your eye on all expense lines - monthly mortgage payments, taxes, monthly maintenance, insurance etc so you understand your expenses and can evaluate whether you can recoup rental to cover. Be sure to have a process to evaluate credit of potential tenants, whether you rent with an agent or on your own, don't overlook this step. Most agents can/will help you with both sales and rentals. If you decide to hire a property manager you may find it costly.
I've got a few homeowners who have been transferred with work and decided to rent while they are away, they've learned that it is work to be a landlord. So do think about what you are taking on and be sure you are comfortable with it.
Unwavering Commitment to Service