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.
Since launching its platform in September, OwnAmerica has taken the Single-Family Rental market by storm. While transforming the way SFR investors do business and manage their investments, OwnAmerica has also created opportunity and training for real estate agents to enter the SFR sector.
Read on to discover three ways OwnAmerica is changing the game for Single-Family Rental investments, and discover how you can jump aboard the train!
Until recently, buying and selling Single-Family Rentals has been a tedious process. To sell SFR properties, owners have had to alert their tenants before the property can be listed (or their tenants get a surprise seeing it on Zillow) and then they have to find a new place to live once the home is sold. If sold to another SFR investor, that property then has to be leased out again.
Not only was this process inconvenient for tenants, but it also created more work for the new property owner, as they have to find tenants for this new piece of their SFR portfolio.
Fortunately, there’s now a way to sell and buy occupied Single-Family Rentals!
OwnAmerica President, Adam Stern, hosts Flipnerd's REI Classroom and teaches how to adjust your buyer expectations so they expect not only distressed properties, but also renovated properties that are ready for tenants.
OwnAmerica President, Adam Stern, hosts Flipnerd's REI Classroom and explains how you can get your hands on new SFR inventory and build up your portfolio with multiple properties that don’t need a lot of work.
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, hosted Flipnerd's REI Classroom and taught viewers how pricing of Single Family Rental properties are calculated within a portfolio and offered some key considerations to look for. In addition, Adam explained what's deducted from the fair market value to come up with the final price.
CEO Greg Rand Addresses IMN 5th Annual SFR Investment Forum
A pioneer in bringing technology and services to the institutional Single-Family Rental (SFR) market OwnAmerica CEO, Greg Rand, spoke today at the IMN 5th Annual SFR Investment Forum in Phoenix. He shared his views on what the Trump Administration will mean for the SFR market, and how changing demographics and evolving sales practices are changing the market.
Highlights of Rand’s presentation: