SFR vs. Multi Unit
Hi BP!
I am finally ready to purchase property and decided to focus on the purchasing in the western suburbs of Detroit, MI. I reside in Los Angeles area and would be hiring a management company to handle my properties. I originally thought I about multi unit properties, but I was thinking about the differences in responsibility and upkeep of the property.
I like the economy of scales when looking at multi unit, but then I thought about snow removal and the responsibility/liability for doing it on a multi unit where in a SFR the tenant would be responsible for their own snow removal. That would be an added cost and liability. Are there any other things that I need to consider when dealing with multi unit vs. SFR?
Should this be something that I should be concerned with?