With 2021 fast approaching, you may be thinking about which properties you should add to your portfolio of investment properties next year.

Like many investors, you may be considering adding a multi-family or single-family property to your Investment Portfolio.

Although there is a lot of debate online regarding multi-family, versus single-family, the reality is that both properties offer an equal amount of benefits. This is why this article, will break down multifamily for single-family so that you know which property type you should consider investing in next year.

Why Invest In Multifamily?

Let’s face it, the United States has turned into a nation of renters and this means that more people want to rent properties never before.

Multifamily is a smart investment to make because you can also consolidate all of your maintenance expenses under one roof instead of sending multiple contractors across town to work on a variety of single-family properties

It’s also important to mention that when you have a vacancy at your multifamily property, you’re not going to be losing as much money as you would with a single-family home because, when one unit is vacant, you’re always going to be earning revenue from your occupied units.

Why Invest In Single Family?

Even though we believe that multifamily properties have their benefits, single-family homes are always in demand because, there’s going to be renters who want homes that have the traditional neighborhood, front yard, and backyard.

Single-family properties are also great because many renters also want to live in a own home that’s not connected to another unit, with a tenant living on the other side of the wall.

Keep in mind that with single-family properties, as we mentioned above, often have higher maintenance expenses, and when you have a vacancy, your property is going to sit vacant until you were able to get that vacancy filled.

Ultimately, the decision regarding which property you should invest in is up to you.

Before investing in either a multi-family or single-family property, you should use due diligence to thoroughly research each property and to make sure that regardless of the property type, it’s going to be a smart investment for your portfolio.

Contact RPM Central Valley

For more Property Management tips, or speak with us about the services that we can offer you, contact us today by clicking here.

Like many investors, you may be considering adding a multi-family or single-family property to your Investment Portfolio.

Although there is a lot of debate online regarding multi-family, versus single-family, the reality is that both properties offer an equal amount of benefits. This is why this article, will break down multifamily for single-family so that you know which property type you should consider investing in next year.

Why Invest In Multifamily?

Let’s face it, the United States has turned into a nation of renters and this means that more people want to rent properties never before.

Multifamily is a smart investment to make because you can also consolidate all of your maintenance expenses under one roof instead of sending multiple contractors across town to work on a variety of single-family properties

It’s also important to mention that when you have a vacancy at your multifamily property, you’re not going to be losing as much money as you would with a single-family home because, when one unit is vacant, you’re always going to be earning revenue from your occupied units.

Why Invest In Single Family?

Even though we believe that multifamily properties have their benefits, single-family homes are always in demand because, there’s going to be renters who want homes that have the traditional neighborhood, front yard, and backyard.

Single-family properties are also great because many renters also want to live in a own home that’s not connected to another unit, with a tenant living on the other side of the wall.

Keep in mind that with single-family properties, as we mentioned above, often have higher maintenance expenses, and when you have a vacancy, your property is going to sit vacant until you were able to get that vacancy filled.

Ultimately, the decision regarding which property you should invest in is up to you.

Before investing in either a multi-family or single-family property, you should use due diligence to thoroughly research each property and to make sure that regardless of the property type, it’s going to be a smart investment for your portfolio.

Contact RPM Central Valley

For more Property Management tips, or speak with us about the services that we can offer you, contact us today by clicking here.