Townhome or single-family for a rental?

[Blake Valdez]

Looking to purchase my first rental. Where I live here in Salt Lake Utah in my price range I'm seeing more townhomes and single-family's. Is one better than the other we're having an advantage ?

[Becca Summers]

@Blake Valdez For me personally I like single-family homes for rentals as the rental pool is a bit larger and you can make more allowing pets which is another topic to debate if it's worth it. Also no HOA's and extra rules on rental regulations. It makes it quicker to analyze if the numbers work.

The pro to a townhome is you can typically get a newer townhome for the same price as an older home which helps with the maintenance side of owning rental properties. Plus no roof replacements as the HOA should have that budgeted when the time comes. Just make sure you buy into a community that is well managed and has good reserves.