What makes the best rental property in the Boise Idaho area: A single family home or duplex?
A client asked me this question today and here was my answer.
Basically it comes down to the type of tenant. A tenant leasing a single family home is typically more stable (key word "family") where an apartment tenant is more transitional. So - on a tenant by tenant basis the single family tenant is more stable BUT if you have one vacancy you are 100% vacant vs. a duplex you are only 50% vacant. Our single family home tenants typically stay for 16 months where our average apartment tenant stays for about 10 months. Turn over is a much bigger factor on apartments vs. single family homes and turn over is a large uncategorized expense.
Posted on Tuesday, February 19, 2008 at 07:50PM
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Darrin
in Boise Idaho Real Estate Statistics, Boise Real Estate, Eagle Idaho Real Estate, Meridian Idaho Real Estate, Investment property Idaho, Darrin Jaszkowiak, Real Estate Idaho, 4 Plex Idaho, Rental Property Idaho
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Darrin
in Boise Idaho Real Estate Statistics, Boise Real Estate, Eagle Idaho Real Estate, Meridian Idaho Real Estate, Investment property Idaho, Darrin Jaszkowiak, Real Estate Idaho, 4 Plex Idaho, Rental Property Idaho
|
Post a Comment
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