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Rentals in Albany County : Real Estate Advice

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Activity 30
Sat Aug 19, 2017
Kathy Burgreen answered:
This is what having Section 8 means and you need to learn to accept it. I know Albany well and I agree there are neighborhoods that are bad and other neighborhoods that are nice. Landlords who have rentals in the nicer neighborhoods can charge higher rents and ONLY want tenants who can pay those higher rents. These landlords will take Section 8 BUT only if you can pay the difference in rent every month on time.

Example: Let's say a rental near SUNY Albany / Colonie rents for $1,000./month. Your Section 8 voucher is $700./month. You will need to pay $300./month out of your own pocket on time every month. If you can afford this, any landlord will give you a rental. However, most people on Section 8 don't have $300. extra to pay a landlord every month. All they want is a landlord to accept the $700. voucher. Well, sorry but landlords need to make a profit and they are not going to take a $300. loss every month. Instead, they will rent it to somebody who can pay the $1,000./month rent.

Unfortunately, this means the rentals that you can afford are in the low income neighborhoods of Albany OR you need to go into public housing. I know it's not the safest neighborhoods or the nicest but this is what you're stuck with unless you move out of NY. Your Social Security income will go much further down south. Section 8 can be used in all 50 states so if you move down south where the cost of living and housing is much cheaper than NY, you may find something in a much better neighborhood.
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Thu Jun 8, 2017
Joan Clark answered:
Why would you think there is a scam on this rental? I have seen those scams on Craigs List, but never on Trulia. Thanks for the info!
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Wed Oct 12, 2016
Kristyne Martin asked:
When I bought my house, a rental unit had been in place for decades (safe to say it was grandfathered). I continued to rent the unit until my then-husband began using it as a home office…
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Tue Jun 7, 2016
Brian answered:
I've lived here since 1999 and never had a problem. It's quiet, safe (of course the lock your car/house doors rule applies, no valuables left in the car etc but that's everywhere now) and a great location for downtown/plaza workers to live. If you're a condo/homeowner you get 2 off street parking spaces. 1 if you rent apparently. I do agree property values won't rise much but you can live here and own for less than rent anywhere. ... more
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Sat Apr 23, 2016
Afeym asked:
Thu Apr 7, 2016
Guy Rochelle asked:
I have good job for NYS which I have had for going on 9 years. I have never been evicted nor have I ever been late ion my rent. but still I have to spend application fee for credit check…
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Wed Nov 25, 2015
Amelia Robinette answered:
Zillow reviews are repeated on Trulia and vice versa. They should be exactly the same.

Zillow purchased Trulia some time ago and merged agent profiles and reviews.
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Tue May 12, 2015
Dennis Evans answered:
Kathleen,
I know its been quite some time, but wondered if you were able to find a home? Altamont is such a nice place....
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Thu Apr 9, 2015
Taryn B. Morvillo answered:
Yes, but only if you are willing to sacrifice an extra hour to commute to work, or, if you work from home, the feel of belonging to a community - I personally love areas like Delmar and Saratoga Springs, which have a very high "Walk Score", as does the nicer portions of downtown Albany - but that's going to cost you an extra $250 - $600 per month. Also, because the catch-all of security once known as "investing in real estate" - AKA owning your own home - is now and forever will be a false sense of security, as the cost of owning a home - including the phantom or shadow costs like roof replacement and repair, regular maintenance and reasonable updates to keep your home relatively energy-efficient, modern, and in good condition (windows, water heaters, low-flow showerheads and toilets and new pipes and weatherproofing or replacement decking, mold inspection and mold-retardant everything, keeping your HVAC system clean and running smoothly) all adds up to an expensive proposition that carries NO GUARANTEE of your ever recouping your expenses when you sell the house - in fact; all over the Capitol Area, even in the nicer suburbs like Ballston Spa, housing prices have been on the decline ever since the bottom fell out of the housing market in the early 2000s and will never, ever be the a "good investment" in the way we have traditionally been taught to understand: I believe Trulia estimates between 5% - 12% just over the past couple of years, and this is technically AFTER the recession. Owning your own home is not a safety net - it's a liability. The popularity of rent-to -own programs ONLY SERVES TO HIGHLIGHT how far homeowners are haaving to go to just break even when seling their houses. There's no middle class with good credit and and a sizeable chunk of money to put down from their savings, and banks aren't lending it to anyone but the wealthy. So homeowneers are turning to exploitative programs (for both renters and owners) in the hopes that they won;t have to sell their home at a loss of 12% - and that's not adjusting for inflation or "shadow/phantom" costs. There's NO SECURITY in owning a home, and unless you are flipping real estate in a knowledgeable way using money that isn't yours (this happens a lot more than you would believe), real estate is a crappy investment. The idea of of the American Dream, a phrase coined by none other than Fannie May in the mid-1900s - when we DID have a middle class, and the average family could afford to live in a home that was a good investment - is now and forever an antiquated notion...

An expensive apartment for which you are not ultimately responsible when the price drops by another 12% in five years is a better investment than buying a home or renting-to-own: the one reason to buy a house is because you love it so much and don't care wht it costs to live there or maintain it. Houses are the new boats. No one ever made money from investing in a boat, but they might have had the time of their lives going fishing every weekend, in which case the money was well-spent.
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Wed Apr 8, 2015
Anna M Brocco answered:
Rent to own is really not a good idea, therefore consider fixing whatever is preventing you from purchasing outright. Rent to own can be risky and one could stand to lose a bit of money, it favors the owner; therefore inform yourself well in advance of your search, and consider consulting with an attorney who specializes in real estate before considering the idea and or before signing any agreement. If you haven't done so yet, visit with any licensed loan officer, see if you can buy outright, or simply continue renting until a purchase can be made. ... more
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Mon Mar 9, 2015
The Graveline Group answered:
Understand that ANYONE can post a rental. Trulia is only displaying 3rd party info, and there are ways for scammers to post fake listings on other websites which then get mirrored on trulia, zillow, realtor, etx.. When a deal seems too good to be true, it is.. ALWAYS verify EVERYTHING you see online with a local Realtor. Realtors adhere to a strict code of ethics which offers you consumer protection and piece of mind. Flag the listings and email fraud@trulia.com Browse the agent directory to find a well reviewed local Realtor. ... more
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Sat Mar 7, 2015
Dennis Evans answered:
Please contact the school for specific information. They normally will have pamphlets or can give you details.
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Sun Feb 15, 2015
Charlotte Turner,ABR®,e-PRO® answered:
If you still have the email, you can forward it to Trulia at fraud@trulia.com
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Sat Jan 3, 2015
madeline Niewodowski asked:
Sat Oct 4, 2014
Anna M Brocco answered:
Mon Sep 29, 2014
Tim Moore answered:
Some landlords don't pull credit numbers, some don't. There is usually always a way around being told no. Offer 2 months rent in advance and keep it like that for the whole lease.
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Thu Sep 25, 2014
JB Farrell answered:
All of the trulia values are very rough estimates. I Realtor or a property manager will give you a much more accurate value of a particular property.
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