Just wanted to share some thoughts on buying a condo or townhome for a rental investment property in Logan Utah. I've had 3 bedroom townhome in Logan for 2 years now as a rental......3 bedroom, 2 bath, 2 car garage.
The rent is currently $825 per month and we've never had an empty month in the whole two years. I've had decent to above average appreciation most of the time and the supply of renters has increased as of late. I've found that there is a good demand for condo rentals with garages and a low supply....hence the 100% occupancy over the 2 year period. My plan is to keep the townhome and another identical unit we're living in now as a rental for the next 10-15 years.
What are other peoples thoughts about townhomes as rentals compared to other typical rental such as a duplex or 4-plex? Please feel free to comment.
The newer condos have such great appreciation. I think they are golden! I would rather have 4 condos than a 4plex.