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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. Residential multifamily homes qualify for traditional home loans, but commercial properties require higher down payments and have shorter loan terms.

Finance 52
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Who Needs a Property Management Company?

American Apartment Owners Association

You buy an investment property, find tenants and collect the rent. But the reality is that there is a great amount of work involved when you purchase a multifamily building or even just a single-family home to rent out. Managing the tenants: Keeping your tenants happy is a key part of the property managers job.

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Who Needs a Property Management Company?

American Apartment Owners Association

You buy an investment property, find tenants and collect the rent. But the reality is that there is a great amount of work involved when you purchase a multifamily building or even just a single-family home to rent out. Managing the tenants: Keeping your tenants happy is a key part of the property managers job.