HomeVestors Knows That Rental Investors Should Seek Out Multi Unit Properties

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Investors who obtain multi unit rental properties usually fare better than those who invest in single unit rental properties.

Dallas, Texas HomeVestors is the nation’s number one home buying franchise and has helped real estate investors purchase 50,000 properties over the years. The company knows that residential rental properties make for some of the best real estate investments. They provide good cash flow and excellent tax benefits. To maximize revenue and minimize overhead costs, an investor who embarks on a rental investment venture, should consider multi unit properties as opposed to single unit rentals. The more units there are, the better off an investor should be.

The advantages multi unit properties offer are quite obvious. To begin with, more units imply more cash flow. Rents from multiple sources are always better than that from fewer sources. More units also help spread risks. For example, losing one tenant would be less detrimental to a rental investor’s income if they had many more tenants than if they had just a few. Losing just one tenant in a single unit property means losing ones’ entire income source.

Multi unit properties also enjoy better economies of scale. For starters, the cost of purchasing a multi unit property is often less than that of multiple comparable single unit properties. That represents a great deal of savings for an investor because the multi unit will earn more revenue. Since facilities like pools, spas, lawns, roofs, laundry rooms, and parking spaces are often shared in apartment buildings, the cost of maintenance will be considerably lower for the owner of a multi unit complex. It is also more economical to hire management companies to run multi unit buildings. It just doesn’t make sense to hire a management company for a very small number of units let alone a single-family house. Management companies give rental investors the freedom to focus on finding deals and not be bogged down with the intricacies of taking rental applications, dealing with tenants, or collecting rents.

When it comes to finding deals, an investor will have a much easier time in the multi unit property market over the single-family property market. This is because comparatively, the single-family home market is more crowded. There are more seminars, pieces of free advice, experts willing to dish out knowledge, and generally more hype around the single family home. Hence the competition is more rife, making it harder to find deals. Multi unit properties on the other hand get far less attention. For investors who focus on renting, multi unit properties are what they should be primarily interested in and the more units they can get, the better.

About HomeVestors of America Inc.

Dallas-based HomeVestors of America, Inc. is the largest buyer of houses in the U.S., with 50,000 houses bought since 1996. HomeVestors trains and supports its independently owned and operated franchisees that specialize in buying and rehabbing residential properties. Most commonly known as the “We Buy Ugly Houses®” company, HomeVestors strives to make a positive impact in each community. In 2012, for the seventh consecutive year, HomeVestors was among the prestigious Franchise Business Review’s “Top 50 Franchises,” a distinction awarded to franchisors with the highest level of franchisee satisfaction. For more information, visit www.HomeVestors.com.

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