Why our capital is moving from single-family toward multifamily
Single-family rentals built the foundation. A portfolio of eleven homes has nearly tripled in value. Here is why the next chapter looks different.
Chris Monsour
Co-Founder · Operations & Technology
| Acquired | Today | |
|---|---|---|
| Eleven-home portfolio | $500,000 to $600,000 | About $1,500,000 |
Figures are approximate.
Chris owns and operates 35 doors today, split between a portfolio of eleven single-family rentals and a 20-unit apartment building. Increasingly, the apartment building is the model for where his capital goes next.
The case for multifamily
One roof, one manager, and one loan can serve many households. Vacancies are spread across many units instead of falling on a single tenant. And a larger building is valued on the income it produces, so better operations translate directly into a more valuable asset.
What single-family taught us
Chris has invested in single-family rentals since 2008, rolling equity forward through a series of 1031 exchanges into what became eleven homes, acquired for between $500,000 and $600,000 in total and worth roughly $1.5 million today. The lessons carry straight into multifamily: buy below value, keep good tenants, maintain the asset, and let time do the heavy lifting.