Single Family Rental Landlords Have Wiggle Room to Raise Rents

The housing market is tight and the rise in home prices is driving many potential homeowners into single-family rentals. Rents have never been higher. But so is demand.

According to Daren Blomquist, senior vice president for data provider ATTOM Data Solutions, “Demand for rental houses is still strong.” Therefore, there is still room for landlords of single-family rentals (SFRs) to raise rents in most parts of the U.S.

However, SFR owners can’t raise rents too quickly or too much for tenants that have relatively-low incomes compared to the cost of their housing. These people are already “cost-burdened” and spend over 30% of their incomes on rent.

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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.