WHO OWNS RENTALS?

Did you know that the majority of small rental units (defined as 1 – 4 units) in America are owned by individual investors?  Of the 48.2 million rental housing units in the United States, nearly 49% are located in rental properties of one to four units, according to the 2020 Rental Housing Finance Survey (RHFS) data released by HUD and the U.S. Census Bureau. For these small rental properties, nearly 73% (14.1 million) are owned by individual investors and more than one-third (7.9 million) have a mortgage or similar debt.  About 22% of small rental properties (1-4 units) are managed professionally while 94% of properties with 150 or more units are managed professionally.

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Nothing found herein should be construed as an attempt to offer or render a legal opinion or otherwise engage in the practice of law. You should not rely solely on this information. We encourage our clients to work with a lawyer experienced in commercial and/or residential real estate matters as they can be complicated and confusing.