OwnAmerica President, Adam Stern, hosts Flipnerd's REI Classroom and shares a few tips on how to get buyers to take interest in your rental portfolio.
OwnAmerica President, Adam Stern, hosts Flipnerd's REI Classroom and shares how the closing process works when closing on a rental portfolio.
OwnAmerica President, Adam Stern, hosts Flipnerd's REI Classroom and explains his thoughts on how the rental market will change with the new presidential administration, including home values rising along with a rise in homeownership.
OwnAmerica President, Adam Stern, hosts Flipnerd's REI Classroom and talks about how the MLS isn’t a good fit for rental properties or rental portfolios and how posting them off market can make more sense.
OwnAmerica President, Adam Stern, hosts Flipnerd's REI Classroom and talks about how many investors bought land during the downturn, and are now building multiple properties (or even full neighborhoods) and renting them out.
OwnAmerica President, Adam Stern, hosts Flipnerd's REI Classroom and talks about where the single-family rental market is today and how it might change over the next 10 years.
By now most everyone knows that the institutionalization of the single-family rental (SFR) market is a permanent trend. The pioneers in the sector set out to prove that America’s most fundamental real estate asset class could be tamed, and they succeeded. The returns that large-scale SFR is producing is now measuring up to institutional standards and the management is under control. It wasn’t pretty, but the naysayers who said it was impossible to operate massive national rental portfolios have been proven wrong. The results are in, and the institutional investment world loves SFR.
OwnAmerica, the #1 platform worldwide for the buying and selling of stabilized portfolios, has released innovative new tools to help SFR investors.
Ever since the initial public offering for Blackstone’s Invitation Homes with Fannie Mae’s backing, opinions have been circulating regarding the Single-Family Rental market. One of particular interest is that of the National Association of Realtors.
To quote HousingWire, “NAR made its stance on investors clear on several occasions: Investors are creating more competition for first-time homebuyers, possibly even keeping them from homeownership.”
NAR President William Brown wrote a letter to Mel Watt, Director of the Federal Housing Finance Agency, making it clear he believes Fannie Mae’s involvement is only assisting large institutions to compete with homebuyers. He goes on his letter to state that, “investors drive up the price of rents and remove affordable inventory from the hands of American homeowners.”
About a week ago, Blackstone announced it’s taking its Single-Family Rental bet public to raise $1.6 billion, and Fannie Mae seconded that it’s going to be backing the major housing player with $1 billion in debt.
Why is this important?
#1: Big Players in the Single-Family Rental Space are Seeing Results
Blackstone invested about $10 billion into distressed homes. Beginning in 2012, the real estate leader purchased more than 60,000 homes and invested $1.2 billion in renovations.