According to Skift,
the housing shortage and increasing interest rates are helping
build-to-rent real estate developers find rising demand in short-term
rentals.
Advantages for developers include a stable revenue stream and the possibility of handling regulators.
- CEO of Portoro, Dustin Abney, said there is a lot of interest among investors who want to invest in purpose-built homes.
- He considers build-to-rent communities a win-win-win situation for renters, investors, and developers.
- Abney pointed to communities zoned as short-term vacation rentals in South Florida and La Quinta, California.
- Roman
Pedan, CEO of Kasa Living, is seeing an increasing demand for
build-to-rent communities as developers want to find a way to rent out
homes built to sell.
