While home ownership has always been the American dream, there are millions of families in the United States who believe home leasing is equally dreamy. In fact, the National Rental Home Council (NRHC) indicates that there are more single-family homes for rent—at 23 million—than there are apartment units at 20 million. Recent statistics from the non-profit, which represents the interests of the single-family rental industry, show a total of 140 million housing units throughout the nation, of which 100 million are single-family homes. The remainder are comprised of apartments, condos, co-ops, or multi-family homes. Of the 23 million rental homes, approximately 1.5 percent are owned by single-family home rental companies. But the vast majority are owned by individual property owners. The NRHC’s roster includes hundreds of large firms as well as “mom and pop” owners with one or two properties. “Single family home rentals have existed for many years, particularly …
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