A single-family home consists of one unit that houses one family. It sits on its own parcel of land, not connected to any other residential structure. In the business, we call these “detached” since they’re not attached to another home. Typically, they sit on at least a quarter-acre lot.
This type of rental housing tends to have a higher “tenant stickiness.” This means that renters are less inclined to move as often. Single-family rentals increase tenant stickiness for several reasons.
If you’re looking to buy a single-family home as a rental and need some extra cash to pay for repairs or renovations, check out Monevo, a platform where you can compare loans.