Episode #706 Looking to *buy a rental property?* First, you’ll need to *decide between a single-family vs. multifamily property.* Which makes more money? And which is the better long-term investment? We’re breaking it all down in today’s episode! Welcome to another *Rookie Reply!* You’ve just received good _and_ bad news. The good news? Your tenant gave you a heads up that *rent will be late this month.* The bad news? Rent will be late this month! What should you do—try to *work with your otherwise-great tenant or enforce the terms of your lease agreement?* We get into late fees, landlord-tenant laws, and even a solution that will help you keep the peace _and_ *get your rent on time!* Next, what _type_ of rental property should you buy? A single-family home or a small multifamily property, like a duplex? We weigh the pros and cons of each so you make the right choice. Forming a *real estate investing partnership?* You could test the waters by *flipping a house* or using the *BRRRR method (buy, rehab, rent, refinance, repeat),* but one option might be better than the other! Ask Your Question for a Future Rookie Reply: https://forms.gle/naQm67JEJ74YMZ5G6 Episode Show Notes: https://lnk.to/realestaterookieYT Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media 🎉Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets: https://biggerpockets.com/bpcon2026 Buy Ashley & Tony’s Book, _Real Estate Partnerships_ : https://store.biggerpockets.com/products/real-estate-partnerships?utm_source=youtube&utm_medium=description&utm_campaign=none Sign Up for the Real Estate Rookie Newsletter: https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch What Is a Late Rent Notice and How to Write One: https://www.biggerpockets.com/blog/late-rent-notice?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Ashley and Tony: Ashley: https://www.biggerpockets.com/users/ashkehr?utm_source=youtube&utm_medium=description&utm_campaign=none Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none 00:00 Intro 00:48 Rent Is Late! (What to Do) 07:20 Single-Family vs. Small Multifamily 13:26 Best Strategy for New Partnerships 19:22 Send Us Your Question!

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