[quote=AN][quote=flu][quote=AN][quote=flu]When you get old like me, if you had to choose between managing 15 1/1’s or 3 SFH for slightly less returns, I’d takethe 3 SFH’s….[/quote]When I’m old like you, I’d hire a property manager for $100/property to manage it for me. So, my $19500/month rent would go down to $18k/month rent. Still higher than $12k/month rent of SFH and I don’t have to mange it myself.[/quote]

So each condo will then produce about $900/month ($100 for property management and $300 for hoa) So that would be about $13500/month. Not too much different. Plus, more tenants = more exposure to turnover and liability.

Not that this would be my problem in the short term. I don’t think I’ll be getting 3 SFH in CV or 15 MM condos right now….lol…

Then again, any turnover in a SFH in CV wouldn’t be negligible….[/quote]That’s 12.5% higher rent. $1500/month = $18k/year. That would be enough for you to go to a track day every month and pay for maintenance cost ;-P[/quote]

dealing with 15 renters doesn’t end up being a “passive investment”. It ends up being an almost full time/part time job, even if you use a property manager. I mean, you wouldn’t want to be completely hands off either, since then your costs would get totally out of wack….Also, the likelihood of getting near 100% occupancy in at 15 condos for an extended period of time is less likely than I think renting 3 houses to 3 families. Then again, I’ve haven’t been in the situation of dealing with 15 tenants yet, so I wouldn’t know if the PITA factor would really be an issue….