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What are multifamily ADUs?

MRI Software

Accessory Dwelling Units (ADUs) are a fantastic way to make the most out of your property by creating additional housing options. While many people associate ADUs with single-family homes, theyre also an incredible opportunity for multifamily properties. How can multifamily ADUs increase rental income and property value?

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Understanding the difference between a condo and a multifamily residence

MRI Software

Condos are typically financed like single-family homes, with similar down payments and mortgage terms. Multifamily properties, on the other hand, offer higher income potential through multiple rental units. Owning a triplex could allow you to live in one unit while tenants in the other two cover your mortgage.

Finance 52
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Investing in multifamily apartments: Key benefits and risks explained

MRI Software

With rental demand remaining strong, multifamily properties are often more resilient than other real estate investments during economic downturns. Lower vacancy risk Multifamily properties naturally spread the risk of vacancies across multiple units. Centralized operations lower expenses for landscaping, maintenance, and repairs.

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7 Must-Know Trends in Single-Family Rentals for 2024

Propertyware

In 2024, the demand for single-family rentals should persist, as the industry report notes, “As households grow slightly larger—and as couples and families continue to be priced out of the housing market—we expect to see demand remain strong for single-family rentals.”

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Multifamily condo conversion: Is it the right move for your property?

MRI Software

Condos tend to sell at a higher price per square foot compared to rental units, especially in competitive markets. With the right multifamily management software , you can efficiently track your units, streamline upgrades, and attract more buyers. If demand is low, selling units could take longer or require pricing adjustments.

IT 52