What are the downside to multi-family

[Mike F.]

You hear a lot of people saying go multi-family all of the time. What are the downsides to multi-family, especially in regard to what people don't think about or know until later?

[Roger Vi]

It's people management x100. A single family rental is like being a waiter for one table at a quiet family restaurant. A multi family rental is being the bartender at happy hour.

But if you hire out the work and pick the good deals, it's really all the same except the numbers are bigger on paper. The headaches are for whoever is managing the tenants but pretty much all other problems you could expect to see in a single family as well.