Anyways, the appraiser used two of the properties that were within the comps report (the higher ones) and we managed to overperform our ARV target by $20k.Lesson Learned -> Later we realized that the appraiser also looked at the rental comps, and the average rent used in the income approach was $2,000...we are renting both units for $2,600 and the average rent in general for this kind of duplex in the area is $2,100 - $2,200, so we could've easily hit a higher ARV, crazy right?"

Investment Info:Small multi-family (2-4 units) buy & hold investment.

We've heard this question a decent amount recently, and I'm assuming that it's Nationwide due to the stats below: 2024 is the most apartment units completed in a single year since 1987.We're definitely no longer in the days of throwing up 3 blurry photos, pushing rents, and having 5-10 applications within a 3 day period (COVID era). 

Sneaky duplex is a term I coined and is when you section off part of your home and create a short term rental unit, like a hotel room.

You have to learn their websites and know how much value your unit trades for and what you can get and when to look at what's available.  

Investment Info:Small multi-family (2-4 units) buy & hold investment.

It will be manual but will get the job done for 1 property.Now, for a PM software, we usually recommend Buildium if you're under 50 units and Appfolio if you're over 50 units.We exclusively use QuickBooks Online for all of our REI bookkeeping clients but that's for their master accounting software.

While you may think you will have 2X the work with two properties I have found as I scale my portfolio that added units don’t necessarily exponentially increase the work.

Maybe with a 10 unit multi but still, very heavy lift.

Investment Info:Small multi-family (2-4 units) buy & hold investment.