Rodino and Associates

From the blog

Why You Should consider Purchasing Multifamily Properties

While many investors in rental properties prefer single-family units, multifamily properties provide diverse opportunities that should not be ignored. Investors who purchase such real estate often find that the market for rental is much higher than it might be for similar single-family units.

The idea that those renters who seek space dedicated to single families are higher-quality tenants may be less logical than many people realize. Investors in this portion of the market often find that maintenance for an individual family can be extremely complicated and expensive. In some cases, this is because people who do not have to answer to a community are less careful with appliances and materials involved in the keep of their homes. Single-family rental units are often discernible from owner-occupied units for this reason. Within a community established by the parameters of a building and under fairly constant supervision of a property manager, rental units may be more carefully regulated and maintained, and this can equal big dollar differences per unit when compared to single-family situations.

Furthermore, the sorts of amenities that can be offered within multifamily rental communities are broad. While each will represent a high initial investment and may require specific maintenance, such amenities can increase marketability so significantly that a much higher return on investment may be achieved. Among the amenities often offered within apartment communities, for instance, are laundromats, swimming pools, recreational spaces, and community centers. With so much to offer such lucky tenants, higher rents can be expected and client loyalty should abound.

Not only does investing in multifamily properties improve your marketability, but it also improves your scope. With enough units to reach out to a broad renter base, you can afford to invest in advertisement, landscaping, and neighborhood activities. The reputation you build within the broader community and with your rental community will go a long way toward ensuring your longevity and success.

With over 60% of renting families seeking units in multifamily properties, a shortage of tenants in quality offerings is not likely. Renters of such apartments often look for walkable communities, access to mass transit, and numerous shopping opportunities. Once these renters find a community they like, the likelihood that they will remain in the area and loyal to their complex is great. Savvy investors understand that a loyal client base equals financial success and growth. If you are interested in acquiring investment properties, it behooves you to consider providing quality multifamily properties for rental.

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The right financing partner will offer you much than mere access to business loans. Rather, the experience it brings to the table should be able to guide you in your decisions to help set up with the ideal financing option for each of your individual business initiatives. You’ll find all of that and more when you choose us here at Rodino & Associates to be that partner. To obtain a no-obligation assessment of your company’s current financing needs, give us a call

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