Secrets to Managing Single Family Rentals

November 18, 2013 at 3:02 pm Leave a comment

MultiFamily Executive interviewed some executives working in the single family rental space to try and crack the code for effective management. One critical factor? Geography.

MACK follows the general rule of thumb that assets are no more than 30 minutes away from each other and its central hub. By setting this specific geographic focus, it’s able to cut down on extraneous costs, like having property managers drive across town for emergency maintenance. Similarly, Oakland-based Waypoint American Homes abides by geographical rules, with properties located all within a 25-mile radius, at most.

“We buy thoughtfully,” says Doug Brien, Co-CEO and founder of Waypoint American Homes. “If we’re going to start buying, we’re committed to buying enough of critical mass to operate it efficiently. You see costs get out of control when you spread different homes spread across different markets.”

Another benefit of managing 10 properties on the same block or buying into a master plan community, is in forging relationships with the neighborhood. Buying in bulk also helps with insurance costs.


Entry filed under: Housing Trends, Management, Operations. Tags: , .

Negotiating Tax and Insurance Rates Can Significantly Impact NOI Weathering Craig’s Changes

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


November 2013
« Oct   Dec »

Most Recent Posts

%d bloggers like this: