What is the average number of units owned by Moms& Pops’?

Question

Hi Bp Community,

I have an interest in getting into multi-family and i want to target properties owned my single owners and not big companies.

What is the average number of units that they normally hold?

And what markets are more likely for those to be in?

Thank you!

Jaysen Medhurst · Answer

About 50% of rental owners have one property, @David Silva. Most of those are 1-4 family properties. If you're looking to target "mom and pops" either purchase a list or spend some time going through the public records to locate owners that meet your criteria.

Anthony Gayden · Answer

This is from https://www.landlordology.com/portrait-american-landlord-infographic/

Portrait of an American Landlord

Gender and Relationship Status:

• 85% Male / 15% Female
• 62% Married / 38% Unmarried

Average Annual Income: $97,000

Number of Rental Properties Owned:

• 50% own 1 Property
• 18% own 2 Properties
• 6% own 3 Properties
• 26% own 4-25 Properties

David Silva · Answer

@Anthony Gayden

Great thank you!

David Silva · Answer

@Jaysen Medhurst

Great thank you

What is the average number of units owned by Moms& Pops’?

4 Replies

Portrait of an American Landlord