RDOG - Biggest Landlords Pile Into 'Build-To-Rent' Single-Family Houses But Sell Older Houses Into This Overpriced Market

2024-04-26 11:30:00 ET

Summary

• Building professionally managed communities of single-family houses for rent, with their own leasing and maintenance office, is the hottest trend in new house construction.
• Having entire communities of new build-to-rent houses with their own leasing and maintenance offices is more efficient for the landlord than older houses with more maintenance requirements scattered all over the place.
• The biggest landlords have begun selling thousands of older houses scattered all over the place, given their higher management costs and the sky-high prices they bring in this overpriced market.

Building professionally managed communities of single-family houses for rent, with their own leasing and maintenance office, is the hottest trend in new house construction....

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