With a highly competitive rental market, single-family rental (SFR) owners/operators understand that tenant retention is more critical than ever. Growing your SFR business is easier (and more profitable) when you’re able to retain your current, quality, tenants rather than regularly having to turn over properties for new renters. But tenant retention takes effort and focus.
The build-to-rent market is one of the fastest-growing segments in the U.S. housing market and is poised to continue its growth in 2024 and beyond. If you’re considering wading into the build-to-rent space, here’s what you need to know to maximize your investment.
When it comes to services like inspections, tenant turns, lawn care and pool maintenance, are you better off managing these services in-house or outsourcing them for your single-family rental (SFR) properties?
Home renovations will always be part of being a single-family rental (SFR) owner/operator. However, the renovations you decide to tackle will vary based on your long-term plan for your SFR properties and how long you plan to hold them before selling. As you plan your renovations for 2024 and beyond, watch out for these rental renovation mistakes we frequently see in the field.
When you work in property preservation, work orders are the lifeblood of your business—as important as the actual property preservation services you’ll be providing. To help set yourself up for success, it’s important to understand work orders, including what to look for, the common work order types, how to avoid some common mistakes and how to ensure your success in fulfilling work orders.