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Challenges and Opportunities in Single-Family Rentals

On Sunday, the Five Star Conference began with the second Single Family Rental (SFR) Roundtable, a hyper-focused event that allowed attendees to engage in conversations on important topics of the day for investors, mortgage servicers, real estate organizations, and property preservation companies dealing in the SFR market.

Critical decisions on the direction of the housing market and rental strategies were revealed at this year’s event as expert panels gave insights into rehab, acquisition, funding, market overview, due diligence, and technology innovations to provide the building blocks for a successful business strategy.

Speaking before the roundtable, Kevin Ortner, President, and CEO of Renters Warehouse and the Lab Director for the Roundtable said that the event was a chance to bring together industry experts and learn about what’s coming down the pipeline for SFR.

“Whenever we come to this event, being able to talk about the challenges the SFR market is facing, what the top experts in the industry are doing, where they see it going, and talking to visionaries to get an idea on what’s next, is what makes this roundtable special,” Ortner said.

The big topic of the day was acquisitions in single-family rentals, especially overcoming challenges on acquiring assets. With the industry changing in the last five years, the single-family rental market has come a full circle, according to Ortner. “Five years ago it was all about finding assets that were distressed; then it shifted to financing to acquire those assets and operating them. Now, we’re back to investors saying that they want more inventory and product,” he explained. “This is the challenge in today’s environment since the real estate market is so different from what it was before.”

During the session on acquisitions, panelists spoke about where investors could find the inventory and where the market needed to go from there.

Panels also included tips and strategies on rehabbing an investors portfolio where an expert panel spoke about capitalizing on investment and determining if local or national partners were the best choice.

In an afternoon keynote, Dennis Cisterna, CEO Guardian Residential, touched upon hot topics like the state of the SFR investment market, housing market and economic trends, and how different issues such as household income and building permits were creating one of the most unique housing markets in the past 100 years.

The day ended with sessions on how investors could use technology for valuation, money exchange and pinpointing high-return markets and how title and tax research, as well as how insurance and compliance, could help investors in SFR stay ahead of the competition.

About Author: Seth Welborn

Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer.

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