As residential rental investors (aka buy and hold), our life blood come from our target customer: renters. Did you know the dominant (most common) household size is the single-person-household among renters? This means the largest category of renters are looking for a rental unit/lease made for one person. How are you responding to this?
- - One-Person Households: 37% (living alone)
- - Married Without Children Households: 16% (two person households)
- - Family With Children Households: 33% (3 person plus related households)
- - Other: 14%
Ref: iPropertyManagement.com claims 50% of rental households are 1-person-households