American Homes 4 Rent CEO on rising demand for single-family rentals
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The landlord raised the rent by 35%, and now the house is just sitting empty. Vacant rentals are stacking up nationwide, and this one behind me is owned by American Homes 4 Rent — one of the largest Wall Street landlords in the U.S., with more than 50,000 homes. This property is listed for $2,600 a month — five beds, two and a half baths. They own six houses on this street alone. Six for rent. Zero for sale. But here’s the wild part: These landlords aren’t even making money. When you compare the
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I’m seeing these rentals everywhere. Wall Street bought up a large number of homes here, and now they’re struggling to rent them out. The house behind me has been vacant for nearly six months. The landlord tried to raise rent by 39%, then had to cut it by 14%. It’s now listed at $1,875 per month for a three-bedroom home. When I check Zillow, I see five other homes from the same Wall Street landlord — American Homes 4 Rent — all listed for rent in this one area. That raises a bigger question. Is
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