landlords living month to month lol
11. “Mom and Pop” Landlords Own 22.7 Million Rental Units
Overall, about 16.7 million properties, featuring 22.7 million rental units, are owned by “mom and pop” landlords, the term for individual investors. Usually, this involves smaller buildings. For example, mom and pop landlords are more likely to have single-family or smaller multi-family buildings, such as duplexes, instead of massive apartment buildings.
13. The Average Landlord Has Three Properties
On average, landlords have three properties to their name. The value of those properties isn’t necessarily through the roof: 40% of landlords own less than $200,000 worth of property, and an additional 30% fall in the $200,000-$400,000 range. Only 30% of landlords own properties worth $400,000 or more, with 7% at the top owning properties worth $1 million or more.
17. Half of Single Property Landlords Purchased the Property as a Primary Residence
When it comes to single property landlords, 50% of them didn’t initially buy it as an investment property. Instead, the unit began as their primary residence, later transitioning into a rental property.
https://getflex.com/blog/landlord-statistics/
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