April 19, 2024 4:29 am
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Why single-family rentals aren’t coming home anytime soon

Single familyWith rental rates higher than ever, it would be naïve to expect an onslaught of conversions

By Steve Cookby |inman

Recently speculation has mounted that conditions are right for significant portion of the 5.4 million single family homes that switched from ownership top rentals during the foreclosure era to return to the fold like prodigal children now that inventories are running on empty.

Prices are right, the thinking goes, and by now all those small investors who put their money into rental real estate must be tired of being landlords. Now they can recoup their principal and pocket a nice profit without ever cleaning up after another messy tenant again.

You’ve got to be kidding me.

Continued:

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.