A new post at John Burns Real Estate Consulting suggests that it’s a good time to add single-family rental homes to your portfolio.
A recent survey of renters shows that 45% of them prefer an SFR over a standard apartment. One reason? SFRs usually offer more bedrooms; in fact, 65% of SFR homes have three or more bedrooms.
Today, SFR portfolios consist of both existing resale homes as well as new, build-for-rent housing (“BFR”) communities and should become a profitable addition to a multifamily company’s portfolio of apartment units.
Case in point: Rent growth for SFR REITs in the past 12 months has averaged 4.5%, above the 3.0% for multifamily REITs.
Read on HERE:
Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at email@example.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.