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Author Archives: Kevin Oklobzija

Single-family rental investors dive head-first into Rochester market

Rochester has always been an attractive market for residential real estate investors. Single-family rental homes usually provide a slow-but-steady profit, which makes investment appealing to mom-and-pop landlords looking for a little retirement income or independent entrepreneurs intent on building a ...

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Tops-anchored plazas in Hamlin, Avon part of $38.5 million deal

Two local plazas that are home to Tops Friendly Markets stores were part of a $38.5 million real estate sales transaction arranged by Cushman & Wakefield along with Pyramid Brokerage. Sky Capital Group and affiliate Four Points Management bought the ...

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Divorce is even messier now with a tightening real estate market

Soaring home prices coupled with still record-low inventory has created unforeseen complications in divorce settlements, a process that already was stressful and often cantankerous. If the house isn’t being sold and the proceeds split between the parties, there can be ...

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City, county hope new website will help eliminate ‘zombie’ properties

City and county officials hope that the establishment of a new online real estate data base will lead to a reduction in “zombie” and vacant properties. The website, MCVacants.com, provides residents, potential property owners and local municipalities with a suite or ...

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Landlords cautioned about rent increases and ERAP rules

Landlords who accepted rent payments through the state’s Emergency Rental Assistance Program (ERAP) are being reminded that it is illegal to raise rent for 12 months. New York Attorney General Letitia James issued the reminder advisory on Monday, warning that ...

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Rochester rental rates jump significantly in March

Median rental rates in Rochester jumped by 11.4 percent year-over-year in March, according to the monthly report from Realtor.com. The overall median rent in Rochester climbed to $1,333 (a combination of studio, one-bed room and two-bedroom rates). One-bedroom rates experienced ...

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