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Updated about 8 years ago,
Single Family Rental Market- Quincy, MA
Greetings Bigger Pockets,
I was curious if anyone had any information, experience, advice or lessons learned about renting single family homes in Quincy, MA. Our primary residence is currently a 1,600 SF 3 BR 1.5 Bath on 5,500 SF lot located almost directly between Quincy Center and Wollaston train stops near the 100's of condos that are currently being built and allegedly rented for crazy amounts ($1,800/month for a 1BR is more than my mortgage!).
I don't want to make this too much about my particular situation- but my wife and I have been looking seriously (pre-approved for 2nd mortgage) to make our first move the past 6 month and a series of factors (Quincy real estate going nuts, work increasingly moving us north of the city, kids, family close by etc.) have lead us to ask the question if the house we are currently living in could be a viable rental.
So after all that I turn to Bigger Pockets because researching single family homes/market conditions seems to be much tougher than multi-family (unless I am looking in the wrong spots). On the surface you think is 3 BR apartments go for $2,500/month in the area than a 3 BR house w/ parking and a yard should easily go for the same- but I am also afraid I may be attracting a more difficult type of tenant to a house and/or there are cans of worms I am not thinking about that wouldn't present if I was renting just a unit (beyond just the usual pains of being a landlord- which there are 100's of posts on and I don't want to turn this post into that).
Thank you for your help & time,