For years, we’ve been hearing about how the single-family rental market is being bought up by hedge funds, iBuyers, and institutional investors. For the average investor, it seems like the corporate landlords are getting an unfair advantage—they have better data, better financing, full-time staff, and deep pockets to buy whatever and wherever they want. But a new single-family rental survey shows that the big players aren’t the ones controlling the market—it’s the little guys.
To walk us through this massive, single-family rental survey, is Rick Palacios Jr., Director of Research at John Burns Research and Consulting. Rick’s team accomplished the seemingly impossible task of measuring activity for 270,000 single-family rental homes to see how landlords are faring in 2023 and what their plans are for 2024. And while this survey focuses on REITs (real estate investment trusts), private groups, and other larger-type buyers, it provides invaluable insights for the small-time landlord.
Rick will walk us through rent growth (and decline) from the past year, where he believes rents will be in 2024, whether or not expenses could continue to rise, how high mortgage rates are affecting buyers, and why institutional investors are struggling in this market while mom-and-pops are buying!
In This Episode We Cover:
What the largest single-family rental survey says about the 2024 housing market
Rent “normalization” and why those who aggressively projected rising rents will get hit hard
Rising expenses, insurance costs, and whether or not it could get even worse
Why institutional investors pulled out of the market while small-time investors thrived
How long the “lock-in effect” could last as high mortgage rates become the new norm
Whether or not the multifamily rent crisis could spill over into the single-family market
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave's BiggerPockets Profile
Dave's Instagram
James' BiggerPockets Profile
James' Instagram
On The Market Podcast 31: Wall Street: Huge Threat or Harmless Hedge Funds?
On The Market Podcast 110: Bullish Homebuilders, Affordable Housing, and Why Home Prices WON’T Move
John Burns Research and Consulting Single-Family Rental Survey
John Burns Research and Consulting Company LinkedIn
John Burns Research and Consulting Newsletter
John Burns Research and Consulting X/Twitter
John Burns Research and Consulting Website
Connect with Rick:
Rick's LinkedIn
Rick's X/Twitter
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-169
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
