Two or Three Bedroom Units Easier to Rent?

[Paul Cijunelis]

I understand longterm the SFR is probably easiest to sell to cash out but if I am going for apartments/condo style properties, are 2br better than 3br?

3br seem to me to be harder to rent since people will usually have only one room mate or want to live alone and prefer a 2br for a guest, office or just extra space.

3br seems harder to rent. What do you guys think?

[Kyle J.]

I think it depends on your individual market and the demographics of your potential renters. In some areas, maybe you have more older retired couples without kids, or even younger couples just starting out. So maybe a 2 bedroom might appeal to them more.

However, in other areas, you might have more established families with kids, in which case they will probably need at least a 3 bedroom.

It just depends. Almost all of mine are 3 bdrms. I only have one 2 bdrm. Haven't had a problem renting any of them, but I definitely get a lot of interest from families with kids for the 3 bdrms. It's never taken me more than a week to find a tenant, and usually under a couple days.