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Updated almost 11 years ago,
Need Advice on This Multi-Family Property
Hello,
There's this fourplex I plan on purchasing in the near future, it's a 3-bed per unit apartment building. The odd thing is the realtor selling the property informed me that instead of renting out each whole 3-bed units, the owner decided to rent each bedroom in each unit out separately for more cash flow, which makes sense. So instead of having 4 tenants, I will have now have 12. My question to to all investors is have you ever done this before, how do you market for such tenants, don't the tenants have a problem with sharing a kitchen, bathroom, and living room, etc... Any advice would be appreciated! Thanks