About Preferred Properties North, LLC

PPN was developed in response to the need of affordable, safe, quality housing for the student population in the Albany area. Preferred Properties North, LLC was formed to provide an optimal solution to the void in the student housing market.

PPN purchased its first residence in April 2007. The property was renovated and fully rented by June 2007. PPN then secured five two-family homes and one single-family home in close proximity during the October 2007 through February 2008 time period. Each property was renovated and fully rented within two to four months after purchase. All units have remained rented at 100% occupancy.

PPN properties are upgraded and enhanced with state-of-the-art technology, amenities and safety features. Upgrades maximize efficiency and timeliness to capitalize on profitability. PPN's fine reputation for quality and hassle-free environments allows financial security in repeat tenants. To optimize showings, renovations are finalized two to three months prior to June 1 and December 1, to meet fully rented target dates.

All students in each property sign the same lease for the full amount due for the house. If any fees or portion of the rent is deemed late, each tenant is assessed a late charge and responsible for its entirety. A departing student is able to sublet, subject to prior written approval by PPN and a guarantor of that sub lessee's obligations as a tenant. Additionally, the sub lessee must be approved by the existing tenants of that property.

We are conveniently located near SUNY Albany, Siena College, Rensselaer Polytechnic Institute, Sage College, Albany Law School, Albany Medical College and Albany College of Pharmacy.