[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
