Rather Than Buying Home, The Millennial Generation is Continuing to LIve in Rental Properties
“Strong demand from tenants, new technology tools and better management are helping the top owners of single-family rental (SFR) houses reach their business goals.”
Rather than buying homes, the millennial generation is continuing to live in rental properties as they grow older. Due to this growth in demand, banks are more willing to lend money on SFR properties.
This simplifies the financing process for investors whereas before, “the only capital available was private equity.” With a strong need for quality rental housing and an ease in financing, there is plenty of room for this industry to grow.