1. Expenses – single family homes usually have lower expenses per unit than multifamily.
2. Vacancy – tenants usually stay longer in single family homes than they do in multifamily, and single family homes also rent more quickly.
3. Tenant interaction – In a single family home, you usually don’t have to worry about tenants getting along.
4. Pride of ownership – Tenants often love that they have a home and will care for it.
5. Sale of the property – Single family home appeals to larger number of of buyers, including investors, and you can usually sell quicker for a solid price.
- Residential property investing
- Landlord and tenant relationships
- Tenant obligations
- Home and Property Leasing contracts
- Landlord disclosure obligations
- Security deposits
- Unlawful detainer actions
- CA real estate laws
- Fair housing laws
- Purchase and sale transactions
- Property management issues
- As an experienced real estate and business attorney, I have represented clients for many years and completed more than 300 civil cases through trials and arbitrations.
- Attorney member of the CA State Bar Association #69137
- CA licensed real estate broker – CALBRE #01410855
- Risk management issues chairperson, Transaction and Regulatory Committee, California Association of Realtors 2015.
By Harrison K. Long – Source of some information is article at BiggerPockets.com. This is for information only and is not the providing of legal services.
Contact me for information and representation about your legal risks and opportunities as real estate investors and residential landlords.