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The only operating expense for landlords is the landscaping. In addition, the rents for single family are growing fast at 4.5% annually now compared with 3% rent growth for multifamily apartments, according to John Burns Real Estate Consulting. There is also much less turnover in single-family rentals, and the rental market is much less volatile than the home sales market.
"We recently entered an agreement with one of our long-standing third-party relationships to build homes that will be purchased by that third-party in a stand-alone rental community," Lennar President Rick Beckwitt said on the company's earnings call. "This community is in Florida and is the first in what we believe will be an ongoing business strategy and relationship where we build and sell homes in bulk on land owned by third parties with no lease-up risk."
In 2017, 37,000 homes were built as rentals, according to the National Association of Home Builders. That grew to 43,000 last year, or just under 5% of total single-family housing starts. But that is just homes built and held by builders for rent and doesn't include those sold directly to investors, so the numbers are likely larger and growing more quickly.

Romell Group is the patron name in the field of real estate. The firm aims to endow people with modern generation homes. The group since its time of inception focuses on achieving customer satisfaction and maintaining high quality of property with unmatched services. The team is armed with their wide and innovative skills. The well-knit team comprises of engineers, architects and designers who work relentlessly to maintain the reputation of the company. Each of the projects created by them are unique and magnificent, thus carving a niche in the realty domain.
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