Home-rental startup provides nice value to WarehouseOwn
Management company Renters Warehouse has acquired OwnAmerica for an undisclosed amount, according to the StarTribune. Own America is an online platform that allows investors to buy houses as personal investment properties.
More on the buyer… Renters Warehouse manages 22,000 single-family rental homes throughout the U.S. With this deal, the company is now positioned to help existing clients transact.
By the numbers: There are 22 million single-family rentals throughout the country. However, the vast majority are owned by landlords with fewer than 100 properties. Competitors include Roofstock and HomeUnion.