They 8 unit building in Reno hasn’t sold…8 studios for $100k more than I paid in Tahoe and my building has 4 two bd units, a 3bd house one 1bd bderoom and one studio…Definitely overpriced…Reno market is over heated.
I don’t like studios…Get the wrong kind of tenant and high turnover…Means lots of money spent on vacancies, evictions and repairs…Of course in a rent control city, high turnover can be good…
I own 1 studio in my building, has turned over 4 times in a year…One of my 2 bedrooms has a tenant that has been there 6 years…Which would you rather have??. .Of course I am in a resort town…Cheap rent studios attract short term tenants…I roll with it…Can get $1000/m in high season, $700/m in low season,
I think 2 bedrooms are the best with mybe a few 1 bedrooms…In Tahoe you can get a min $900 for ones and 1300 for 2s