HOUSINGNEWS REPORT
BLURRED STATE LINES BENEFIT SFR INVESTORS
Having a team on-call and able to respond to any issues that arise at the rental at a moment’s notice is ideal — and something that investors can assemble themselves by seeking to form connections with local tradesmen and real estate agents. However, the easiest option by far is enlisting the services of one professional to oversee all aspects of property management. Having a dedicated and on-call professional property manager to be your eyes and ears on the ground can prove to be invaluable and is something that many investors are making a central part of their investment strategy.
For what’s generally a flat monthly fee, investors can offload a time- consuming task and gain peace of mind knowing that their property manager will be taking on all of the chores that would otherwise require the full-time presence of a landlord repairs, and handling emergencies. A dedicated professional can take most of the work out of SFR rental management. Hot Markets for SFR While investors can browse websites like Zillow and Trulia to gather insight into how different markets — including filling vacancies, collecting rent, arranging for
are performing, it’s always worth connecting with a local real estate agent; someone who’s familiar with the market and able to provide firsthand information on the current rental climate. An investor-friendly Realtor will also be able to set an investor up with an MLS listings search; notifying them as soon as a property that meets their criteria hits the market. for SFR investors in markets that were not part of the “first wave” of institutional investment in the sector. During the first wave, markets like Atlanta, Charlotte, Dallas, Phoenix, Jacksonville and Orlando attracted unprecedented capital from institutions, but have caused many investors to seek opportunities off the beaten path. According to OwnAmerica, 2019 and 2020 will present new opportunities
“Having a dedicated and on-call professional property manager to be your eyes and ears on the ground can prove to be invaluable and is something that many investors are making a central part of their investment strategy.”
MEDIAN HOME PRICES AND FAIR MARKET RENTS
MEDIAN HOME PRICE FOR SINGLE FAMILY HOMES AND CONDOS
AVERAGE HUD FAIR MARKET RENT FOR 3-BEDROOM PROPERTY
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
SOURCES: ATTOM DATA SOLUTIONS, HUD
11
OCT 2018 | ATTOM DATA SOLUTIONS
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