Finally closed on the 4-plex and been property managing for the past 2 months.

Do you manage them yourself?

I'm a 24yo broker and investor, and I manage over 100 STR properties as well as some LTR.

Look at trends in property values, rental demand, vacancy rates, and economic indicators to assess which market aligns better with your investment objectives.Risk management: Determine how much risk is involved in each choice.

@Jesse LeighTypically a multifamily (2-4 units) has a higher cashflow compared with a single family home but will also required more work since you are managing more units/tenants with a multifamily.

Need to put processes in place even with property management.

Hi, I am a landlord using a property management company for one time placement and not ongoing management.

You may need to hire a property manager, maintenance staff, and possibly a leasing agent to help handle the day-to-day operations of the building.

Hey everybody, looking to LTR my property in the Williamsburg, VA area already contacted a few Property Managment companies within the area. 

Through trial & error I have learned how to support this specific rental strategy but it can take a bit more attention for those who self-manage.