Single-Family Rental | John Burns Real Estate Consulting

Single-Family Rental Operators and Investors


John Burns Real Estate Consulting works with many of the largest single-family rental operators and their investors.

We provide research services to monitor their markets and consulting services to expand and manage their business.

  • MSA rankings. We developed a methodology to rank metropolitan statistical areas (MSAs) based on the potential for successfully acquiring and renting single-family rental homes. Our team analyzes over 50 categories of historical and projected demand, supply, and housing-related factors.
  • Zip code ranking and price forecasting.  Within an MSA, we can dive down to the zip code level, so clients can make more informed capital allocation decisions. We also create a future resale price forecast by zip code, so that our clients can consider future price changes in their underwriting.
  • Financial modeling and valuation. Our cash flow models help value portfolios of assets or loans and includes our pricing forecasts with operating expenses and rehabilitation costs. The model offers tremendous flexibility to run sensitivity analyses.
  • Capital raising. We have supported several capital-raising efforts through initial public offerings and private placement memorandums by providing a historical perspective and our forecast of economic and housing related trends that will impact the single-family rental business.

Research subscribers receive regular market updates as well as the following reports specifically geared to the single-family rental industry.

 

Our firm was at the forefront of this industry, evaluating the market and looking at single-family rentals as an alternative to get through the housing market recession.
  • In February 2009, we wrote “Unlocking the Housing Market,” a pro bono white paper suggesting policies to put the housing market back on track. The paper was widely circulated, and many of the recommendations have been implemented. Click here to download the paper.
  • In August 2010, we proposed the rental REO solution in meetings with people at HUD, Fannie Mae, Freddie Mac, Treasury, and the Fed.
  • Since then, we have answered questions about the program, read thoroughly on the topic, and identified property management and capital experts to develop a potential pilot rental REO program.

We did all of this pro bono to understand the potential of government to turn around the housing market. We continued to monitor the single-family rental industry as it has emerged as a new asset class and a fixture in our housing market dynamics.

 


Recommended Research Subscriptions for Single-Family Rental Operators and Investors

Every month, we analyze and forecast the housing market at the metro, regional, and national levels to provide you with the information you need for a competitive edge.  All of our reports are delivered via email with a short summary, and posted on our website for access 24/7.  Based on their needs, single-family rental operators may receive a unique combination of the reports below to get the answers they need and gain insight based on their business.

Burns Single-Family Rental Analysis and Forecast

We designed this report for single-family rental owners and investors.  This quarterly report examines the single-family rental market, including single-family rents, vacancy, and saturation for 65 MSAs across the country.

Learn More


Burns US Housing Analysis and Forecast

We designed this report for the executive who wants to make sense of all of the headline news.  This monthly report examines more than 150 metrics related to housing. The Executive Summary gives an overview of the important metrics affecting the housing market and our view of their impact on the future.

Learn More

 

Specialized Reports for Single-Family Rental Operators and Investors

We offer customized consulting services for those looking to plan their business better and to support upcoming decisions with facts.

Customized Consulting

Our leadership can help executives make more informed decisions on issues including market feasibility, land and company valuation, demographic drivers, home and community design, and effective marketing.

Learn More


 

JBREC Single-Family Rental Insights

Single-Family Rental Industry Act 2: Build-to-Rent Taking Center Stage

The single-family rental (SFR) space has quickly quieted skeptics and scaled into an institutional asset class. Build-to-rent (B2R) is now playing an emerging role in the industry’s evolution. In less than a decade, Progress Residential, Tricon American Homes, Front Yard Residential, American Homes 4 Rent, and Invitation Homes have all solidified proof of concept for the SFR industry. Several of these industry leaders are now targeting B2R as part of their growth initiatives. However, a new group of operators is pursuing B2R as a standalone business model.

Read More

 

Why Dedicated Communities of Single-Family Rental Homes Should Be Part of a Multifamily Rental Portfolio

Companies spend huge dollars attracting and keeping clients—and this is certainly true for apartment owners. The operator who values customer retention should be asking, “Where is my tenant moving to and why?” Per Freddie Mac’s recent survey of renters, of those planning to rent their next home, 45% indicated they prefer to move into a single-family detached or attached rental home (“SFR”). Why? Only 11% of apartment units are 3+ bedroom homes. Over 65% of SFR homes have 3 or more bedrooms. And single-family homes offer other advantages. Our market surveys show that SFR tenants strongly desire the privacy offered by a single-family home with a yard, and they really don’t want to have someone live above or below them.

Read More

 

New Home Insights Podcast: Making Sense of the Single-Family Rental Industry

Dallas Tanner, the Chief Executive Officer who co-founded Invitation Homes in 2012, shares with us the future of rental homes.

 

New Home Insights Podcast: The Rise and Evolution of the Single-Family Rental Industry

Dean talks with Rick Palacios Jr., our Director of Research, on the quickly evolving single-family rental (SFR) industry.

 

Examples of How Single-Family Rental Clients Use JBREC Forecasts to Help Communicate with Investors

 

colony-starwood-homes-logo

Colony Starwood Homes

CFO Arik Prawer: 2Q-16 Earnings Call
“We will now provide information by market on the original cost basis of our homes; and in addition, we are providing market level home price appreciation data from John Burns showing home price appreciation from the weighted average acquisition date of our homes through the end of the current quarter. We believe these home price appreciation figures, along with our historical cost basis and other disclosures in our supplemental, will be useful for investors to develop their own estimates of the Company’s net asset value going forward. “

Colony Starwood 2Q-16 Earnings Presentation (Aug-2016)
Used our Burns Home Value Index™ to support home price appreciation in their markets since acquisition date

Click to view


 

 


Sara Newton-Mahony If you have any questions about our services or if you would like to speak to one of our team experts about how John Burns Real Estate Consulting can help your business, please contact Sara Newton-Mahony, Director of Client Relations at (949) 870-1252 or at snewton@realestateconsulting.com.