A Unique Play on the Housing Recovery
Single- family rentals is not a new business. According to analysts at KBW, from 1973 to 2011, single-family rentals constituted 10-12% of occupied housing and 31-35% of occupied rentals. But this is a unique period of opportunity for single-family rentals. A historic level of distressed homes for sale, price declines that have made housing remarkably cheap and high demand for rental units amid constrained credit conditions have combined to create an unprecedented opportunity for institutional investors to buy vacant, foreclosed homes in bulk and rent them out.