Developers Build on Home Rental Success With Whole Communities

Property developers are pouncing on sustained demand for stand-alone home rentals by taking a big step: Building entire single-family neighborhoods designed for renters. When the housing market crashed, investors took advantage by buying low-price homes in foreclosure in order to rent them out to tenants.

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About author

Michael Anderson
Michael Anderson 247 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

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