 3 0r 4 bedroom rental (by Gordon [TN]) Sep 2, 2024 8:56 PM
 3 0r 4 bedroom rental (by NE [PA]) Sep 2, 2024 9:01 PM
3 0r 4 bedroom rental (by Jason [VA]) Sep 2, 2024 9:25 PM
3 0r 4 bedroom rental (by plenty [MO]) Sep 2, 2024 9:37 PM
3 0r 4 bedroom rental (by Ken [NY]) Sep 2, 2024 9:38 PM
3 0r 4 bedroom rental (by MikeA [TX]) Sep 2, 2024 10:33 PM
3 0r 4 bedroom rental (by Ray-N-Pa [PA]) Sep 3, 2024 4:37 AM
3 0r 4 bedroom rental (by zero [IN]) Sep 3, 2024 9:17 AM
3 0r 4 bedroom rental (by RB [TN]) Sep 3, 2024 11:09 AM
3 0r 4 bedroom rental (by Deanna [TX]) Sep 3, 2024 11:58 AM
3 0r 4 bedroom rental (by Small potatoes [NY]) Sep 3, 2024 12:33 PM
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3 0r 4 bedroom rental (by Gordon [TN]) Posted on: Sep 2, 2024 8:56 PM
Message:
Is it better to buy a 3 or 4 bedroom home for a rental? Both homes are in a new development. $8000 more for the 4 bed with 240 more SQ feet.
--75.136.xx.xxx |
3 0r 4 bedroom rental (by NE [PA]) Posted on: Sep 2, 2024 9:01 PM
Message:
I wouldn’t purposely buy a 4 bedroom for a rental. Unless I could get away with busting it up into a duplex. --24.152.xxx.xx |
3 0r 4 bedroom rental (by Jason [VA]) Posted on: Sep 2, 2024 9:25 PM
Message:
I advertise mine as “3 bedroom with home office”, otherwise I tend to get applicants that exceed HUD’s maximum occupancy requirement. --73.147.xxx.xx |
3 0r 4 bedroom rental (by plenty [MO]) Posted on: Sep 2, 2024 9:37 PM
Message:
I'd consider a four bedroom. May decide to advertise it as a three bedroom. What's the difference in the rent in your area between the 3 bed and 4 bedroom houses? That may give you an idea. --172.59.xxx.xx |
3 0r 4 bedroom rental (by Ken [NY]) Posted on: Sep 2, 2024 9:38 PM
Message:
I would buy either but it would have to be a bargain price, i dont pay full price so i doubt i will ever buy new construction --74.77.xx.xx |
3 0r 4 bedroom rental (by MikeA [TX]) Posted on: Sep 2, 2024 10:33 PM
Message:
You need to do the analysis to make that determination. Which provides the highest return? Newer construction is hard buy at enough of a discount to generate a positive cash flow in today's world.
I do know that as a general rule for me, 4 bedroom houses tend to draw in larger families that are generally harder on them. --209.205.xxx.xx |
3 0r 4 bedroom rental (by Ray-N-Pa [PA]) Posted on: Sep 3, 2024 4:37 AM
Message:
I am with Mike on this - My next scheduled move in is this week and they have four kids moving into a three bedroom. I am thinking about that additional wear and tear and how I will be diplomatically say that hey as a kid I climbed trees to. If your kids fall out of that tree or climb on that chain link fence, these things are not designed for that - so please don't damage them. When your kids get hurt - not if....it is on them consider it a learning experience. --24.101.xxx.xxx |
3 0r 4 bedroom rental (by zero [IN]) Posted on: Sep 3, 2024 9:17 AM
Message:
240 sq ft is a big bedroom. Ha ha
What else is in the area? If there are only 3 beds available are people wanting to get a bigger place because of family expansion?
Do the 3 and 4 beds rent for the same amount?
When I see 3 beds I think of a family with 1 kid and a spare or junk room. Then the second kid comes along and they lose the extra room.
I have a few 3 bed places and they are filled up with people. As a matter of fact the extra space is being used as a bedroom in two of them. One is an enclosed back porch and the other is a great room in a walk out basement. --107.147.xx.xx |
3 0r 4 bedroom rental (by RB [TN]) Posted on: Sep 3, 2024 11:09 AM
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3 0r 4 bedroom rental (by Deanna [TX]) Posted on: Sep 3, 2024 11:58 AM
Message:
3 bedrooms are flexible, but humble little 2 and 1 bedrooms are my cash cows, especially when you're dealing with a blue collar tenant pool.
Who are you renting to? Do they know how to take care of upscale finishes in a newbuild?
Since it's a new development, are you in an HOA? Are you comfortable with their bylaws and any restrictions? Do you have a strategy on how to keep your rental running smoothly even with that additional level of bureaucracy?
How are the taxes on each of the houses? How much does a 4-bedroom rent for in your market, in comparison to a 3-bedroom? How many 4-bedrooms are sitting vacant in your market right now, and at what price points? Same question for the 3-bedrooms?
If the numbers make sense, that's awesome. But make sure you're not just looking at the number of bedrooms, but all-the-numbers in play.
--137.118.xx.xxx |
3 0r 4 bedroom rental (by Small potatoes [NY]) Posted on: Sep 3, 2024 12:33 PM
Message:
The potential for family abuse of the premises and extra drama increases w 4 Br. I converted a 4 into a 3 for this reason. If you are in a B market in a desirable school district, that's different perhaps. --172.59.xxx.xx |
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