Many investors move from a single rental to a multifamily building. Here is why it appeals to them.
- Multiple income streams. One empty unit does not stop all of your rent.
- Stronger cash flow potential. Fixed costs such as the roof and the lot are shared across units.
- Long-term wealth building. Rent can help pay down the mortgage while the property may grow in value over time.
- More stability than single-family. A single-family home is either rented or empty.
Multifamily has its own challenges: more tenants, more repairs, and more to keep track of. Values and rents are not guaranteed, and every investment carries risk. This is general information, not financial advice.
We manage single-family, multifamily, apartment communities, commercial and mixed-use properties, subject to review of each property.
Request a free management proposal or call (508) 960-7111.