Single-family home rental owners have suffered widespread economic challenges as a result of the COVID-19 pandemic, according to a survey of owners conducted by Seven Letter Insight on behalf of the National Rental Home Council (NRHC).
According to the NRHC, single-family rental homes currently account for more than half of the nation’s total rental housing. Of the survey’s respondents, half of the individual rental home owners had residents who had missed payments since March 2020. As a result, more than one-third of the owners had to dip into their own savings to cover rental shortfalls and costs of ownership, and one in five had taken out additional loans.
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