Tenents for Multi-Family Homes
Hello, this is a question for those who own duplexes or triplexes. A lot of real estate strategies I've read involve renting out a duplex or a triplex because of the added revenue stream. I was wondering what your experiences were with tenants. An uncle of a close friend of mine has two duplexes that he is currently renting out and the only applicants he can ever get are the possibly illegal immigrant kind. I don't know if it's the location (Atlanta), but it seems like many of the good tenants simply decide to rent in apartments or purchase their own homes.
So I guess the questions I have are:
1. What kind of tenants have you had/screened?
2. How do you market to good tenants?
3. Have you ever lived on one side and rented the other?
4. How was the experience?
Thank you!
Justin Yin