More and more people are moving out of the big cities like NYC and into historically less well-regarded areas, such as Rochester NY. Property Management in cities like this has tremendous benefits, because people have started to see the appeal of living in a place that has plenty going for it, but coupled with a slower pace and a higher quality of living. Whether you’re a tenant looking to relocate, or you’re a current or prospective owner of a second home in Rochester, it might be of interest to know how the cost of living in this wonderful city compares with other parts of the country. This is where we can help. More so than ever before, our clients are looking to invest in areas like Rochester NY. Property management is what we do, but doing it in a city like this is very satisfying. It is truly one of the rare places where both the landlord and tenant are really taking advantage of a great housing market. Tenants consciously want to live here and landlords are doing very well in the job of providing those homes.
From NYC To RochesterNY property management is not all the same. It can be extremely different as an owner if you’re renting out a building in the heart of New York City compared with a place like Rochester. One of the main reasons for this is the tenants you’ll get outside of the big city are after a different pace of life and, while this means your rental income won’t be as high, your costs are going to be significantly lower. This is, after all, why so many people leave the metropolis for smaller urban areas. The cost of living in Rochester is almost 60% lower than in NYC, and housing is 80% cheaper. This means that tenants will have more time to spend on things they enjoy, and this in turn translates into a city evolving into a place renowned for the high quality of life. A quick run down of basic utilities that your tenants can expect to pay here tells us why it’s such an appealing location:
- Energy bills $156
- Carton of eggs $1.54
- Rent $1,173
- Gallon of milk $2.18