Single-family rentals have 16 advantages over apartments:
Tenant quality, appreciation, neighborhood, school district, retention, no common areas, utilities, divisibility, fire, disturbances, financing terms, vacancy rate, management, supply & demand, risk, exit strategy.
There’s nothing wrong with apartment investing. They have their own advantages.
Noel Christopher, Senior VP of Portfolio Services at Renters Warehouse, joins Keith to discuss today’s single-family rental (SFR) market.
Renters Warehouse manages 22,000+ homes in 25 states. They could be a good backup property manager for you. See their marketplace too.
The midsize investor (owns 25 – 2,000 rental units) is becoming more involved in buying SFRs.
Many say “mom-and-pop” landlords are competing with first-time homebuyers for single-families. Noel disagrees.
Long-distance investing is more common today.
Demographics of SFR tenants – both Baby Boomers and Millennials.
Also discussed: beginner tips, build-to-rent communities.
Keith brings you today’s show from Anchorage, AK.
Next week: Canton, OH.
The following week: Philadelphia, PA.
The week after: St. Petersburg, FL.
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