There’s a difference between single family and multi-family property, and today we’re talking about how these homes can affect your investment strategy. This is an overview of the differences between the two, and some considerations you might have when investing in one or the other.
Property Management Blog
What’s the Difference between Single Family and Multi Family Investments? South Jordan, UT
Jason Wolf - Monday, January 8, 2018
You don’t want to invest in a property with plans to rent it out and then have the HOA stop you. Make sure you’re working with a real estate agent who knows to watch out for this. It would be a shame to buy an investment property and then not be able to use it. When you do rent it out, you’re often grandfathered in, or you’re put on a waiting list. You want to be careful, and you want to know.
HOA fees can be challenging, but look at what you’re getting. Paying $500 a month in fees is okay if the amenities are of value to you and your tenants. A lot of HOA fees include water, sewer, and garbage. If there’s a pool and tennis courts and a fitness center, you’ll have an easy time attracting tenants who want these things.
This is just the tip of the iceberg on single-family real estate investing and multifamily investing. We can help you find any type of home and also help you manage it. We have a rebate program where we earn a commission and then give a credit back to you when you use multiple services. We can help you from A to Z. If you have questions about property management or want to talk options, please contact us at Property Solutions of Utah.