Demand Remains Strong for Single-Family Rentals

A strong economy is helping drive demand for single-family home rentals (“SFR”). According to an article in National Real Estate Investor, occupancy rates are holding steady in most top market.

“We’re continuing to see steady rental demand, especially in urban areas, where nearly a quarter of the country’s largest cities are now majority-renter,” says Diane Tomb, executive director of the National Rental Home Council; an industry advocacy group.

The percentage of SFRs that were occupied at the end of 2017 averaged roughly 95 percent, according to data from firms like John Burns Real Estate Consulting.

However, despite the demand for SFRs, rents are not increasing as fast as they normally do in some cities. For example, rents in Denver normally rise by 6%-10% in any given year. Not so in 2017, when rents in the city grew at a rate of just 4%.

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Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.