Houses are better investments than Apartments?

[Sean Dezoysa]

In the book "Landlording on Autopilot" Mike Butler makes the case for houses being better investments than apartments for the following reasons:

- Houses can be bought at wholesale & sold at retail. Apartments are much harder to pick up at a discount since they're traded between investors.

- Apartments have the added management burden of common area maintenance. Houses rentals can often be structures so that the tenant is responsible for most everything except major repairs.

- Apartments have more disputes between tenants, causing you to have to play referee.

- Tenant quality is lower. They're mostly short term occupants, and less respectful of their homes.

- Operating expenses are higher due to the higher vacancy factor.

- Apartment owners have less control of individual rental pricing, since tenants are in similar units and can/will talk to each other about what they pay.

Who agrees/disagrees?