Single Family Rentals--Investment Explosion

The explosion of single family rental houses bought by real estate investors and rented to a single tenant is creating a new category of property management companies to serve them.
Last year, 1.2 million U.S. properties were acquired for investment purposes, up from 749,000 in 2010, according to RealtyTrac. This year, the investment boom has continued, with investors accounting for about 20 percent of all home sales. With the vast majority of investors following a “buy and hold” strategy rather than flipping, millions of properties have entered the rental inventory. Two months ago, a study by CoreLogic found that single family rentals have outpaced multifamily, accounting for 54 percent of all rental units in the nation.