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Many Rental Housing Owners Are Under Stress

The survey found that half of America’s individual rental home owners have residents who have missed payments since March 2020.

By Les Shaver | March 26, 2021 at 07:04 AM

While the single-family rental market has been strong since the pandemic began, that doesn’t mean there aren’t problems in specific segments of this still-fragmented market characterized by numerous mom-and-pop landlords. 

A new nationwide survey of single-family rental homeowners conducted by Seven Letter Insight on behalf of the National Rental Home Council found that half of America’s individual rental home owners have residents who have missed payments since March 2020. That has caused one-third of owners to dip into personal savings. Additionally, 20% have had to take out loans to cover shortfalls.

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