If you are looking into investing in real estate with the intention of renting it, one of the things you might be mulling over is the best type of real estate to invest in. Is it much easier to become a commercial real estate landlord or are you better off being a residential property landlord?

There is no right or wrong. Both options are good if you are looking for an extra source of income. But there are differences between them that are worth considering.

Overall Expenses

Commercial real estate in Vernon is typically more expensive than residential property. That is because most commercial real estates are located in prime locations and the properties are also generally bigger. That means you need to spend more money.

The upkeep of commercial real estate in Vernon might also be more expensive but it might not be as labor-intensive as residential spaces given that most businesses will take care of the maintenance of the places they rented and they are more likely to give the space more thorough attention.

Perks of Being a Commercial Real Estate Landlord

Generally, it is much easier to be a landlord of a commercial space. It’s unlikely that you will be called during odd hours of the day to fix something in the property. The returns are also much bigger compared to residential real estate.

Of course, to benefit from a commercial real estate, you need to get the help of a reputable broker such as Century 21 Executives Realty.

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