Single-family rental (SFR) properties continue to attract investors as a shortage of rental properties on the market continues to put pressure on prices. According to Corelogic, U.S. single-family rent growth rose by 14% year over year, the 13th consecutive month of record-breaking annual gains.
As the SFR industry continues to heat up, more investors are jumping into the mix and acquiring properties in markets a significant distance from their home base. This is because the entire process of buying a single-family rental property can now be done from afar. But what is the best way for individuals to purchase SFR properties remotely?
As a remote single-family rental investor myself, I have learned firsthand the best ways to identify properties and markets ripe with opportunity. I started an SFR Fund along with 13 other investors, and we have acquired 28 properties in Birmingham, Alabama, to date. All the properties were purchased sight unseen.