3 ms·
That is highly dependent on the quality of renter and quality of your property. One of the key values of having multiple rental is the economies of scale, for e
by Gpetrium 8y ago
That is highly dependent on the quality of renter and quality of your property. One of the key values of having multiple rental is the economies of scale, for example:
* Property advertisement - Preparing material and advertising for 1 property can be more expensive than multiple properties
* Material for fixes - Purchasing material for 1 property can be more expensive than multiple properties
* Vacancy - The cost of vacancy for a single rental is higher than having multiple rentals. The other rentals may off-set the cost of the vacancy lot for a period, without requiring external cash flow.
* Experience - Multiple properties will give you the opportunity to experience different issues and allow you to take proactive steps to diminish certain risks.