Making money with condo rentals is easiest in areas that have high rent and a large difference in house versus condo prices.
What are the advantages of investing in condo rentals versus houses? Simplified maintenance,Guest Posting and more cash flow in some areas. The catch? Some condominium complexes won't allow you to rent out units. The solution? Find one that allows it.
In many areas, the rental rates for Kassia Condo and houses of similar size are about the same. Sometimes a two bedroom house will get just a little bit more than a condo. On the other hand, in a condo complex with a swimming pool, the rent might be the same or even higher.
The more important point is that while rentals rates are similar, purchase prices are often very different. When we lived in Tucson, Arizona, for example (2005), you could buy some decent two-bedroom condo units for as little as $74,000. To get below $160,000 for a two bedroom house you had to start looking at fixer-uppers, or in the bad parts of town.
The houses cost more than twice as much, but what did they rent for? The rent was a little more for a house. A little more rent, and you pay more than twice as much? There was no possibility of cash flow with rental houses in Tucson in 2005. It was at least possible to break even on a condo rental.