Housing Professionals Focus on Single-Family Rental Market
This week an array of housing and mortgage professionals are assembling at the Renaissance Nashville Hotel in Nashville, Tennessee, as the 2018 Five Star Single-Family Rental Summit kicks off. The three-day event began Monday evening with an opening night reception at the hotel’s scenic bridge bar before launching into a full lineup of curriculum on Tuesday morning.
According to CoreLogic data released in February, single-family rental vacancy rates are declining and prices are on the upswing. In fact, CoreLogic Chief Economist Dr. Frank Nothaft reported that SFR rental prices have grown “nearly 3 percentage points faster per year than other consumer prices.” Clearly, this is a segment of the market that shouldn’t be overlooked, and the Single-Family Rental Summit is a nexus for experts and interested professionals to meet and collaborate on strategies to take SFR to the next level in 2018 and beyond.
“From the emergence of institutional investors to the entrance of Fannie Mae and Freddie Mac into the market, an increased recognition for the SFR asset class results in new challenges and opportunities for those willing to capitalize on their promise,” said Five Star Institute President and CEO Ed Delgado. “In many respects, this class of investors provides a stepping stone on the way to homeownership.”
The Single-Family Rental Summit’s curriculum is divided into three broad subject areas, with panels and keynote speakers providing deeper, more granular looks at each topic. Tuesday’s curriculum is split between the “Acquisition & Disposition Session” from 9:00 a.m. until noon, and the “Property Management Session” picking up after lunch and running from 12:30 p.m. until 4:00 p.m.
The Acquisition and Disposition Session will explore topics such as shaping your rental portfolio with the long-term in mind, the crucial importance of accurate valuation, shaping an effective disposition strategy, and tech innovations that can help provide useful market intelligence.
During the Property Management, subject matter experts will discuss how to reduce costs, dealing with local municipalities, the pros and cons of outsourcing property management, and tech advances in portfolio management.
Financing will the focus of the day on Wednesday, with the Summit’s activities starting again at 9:00 a.m. with a look at due diligence in the single-family rental space. From there, panel topics will include non-traditional financing options, choosing the right loan product for your portfolio, and how fintech could reshape the rental market.
For more information about the Five Star Single-Family Rental Summit, click here.