"It's viewed as an ancillary income stream. We see this as more and more renters may prefer to raise a family or live in a single-family home versus an apartment complex or community or building. And so it is part of our Apartment Living group," Toll Brothers CEO Douglas Yearley said on the company's second quarter earnings conference call last month.
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The only operating expense for landlords is the landscaping. In addition, the rents for single family are growing fast at 4.5% annually now compared with 3% rent growth for multifamily apartments, according to John Burns Real Estate Consulting. There is also much less turnover in single-family rentals, and the rental market is much less volatile than the home sales market.
Description : This is a beautiful 2 bhk flat for rent in koregaon park annexe, pune. It is a part of goel ganga orchard and has a... read more super built-Up area of 1006 sq. Ft. This apartment with two/more than two balconies is on the 3rd floor of 8 floors. It is available to families, single men and single women. This apartment has 2 bathroom(s). This is an east facing flat and has vitrified tiles. It is in a gated society. The furnishings include 1 wardrobe(s), 1 bed(s), 1 modular kitchen, 1 fridge(s), 1 fan(s) and 1 light(s). This property has an expected monthly rental of rs. 28000/-. (Price negotiable) some of the additional costs includesecurity of 3 times the rent. The brokerage amount is rs 2(Fixed). The society has many features for the benefits of residents. Some of them include club house/community center, intercom facility, lift(s), park, swimming pool, security personnel, visitor parking, water storage and security/fire alarm. It also has amenities like club house/community center, park, swimming - view less
Description : 3 bhk apartment for rent in wagholi, pune. It is a furnished apartment, located on the 9th floor of 13 floors. The ... read moreapartment has 3 bedrooms 3 bathrooms 2 balcony(s). It is also equipped with 3 wardrobe(s), 3 bed(s), 1 modular kitchen, 1 fridge(s), 3 geyser(s), 1 tv(s), 1 sofa(s), 1 dining table(s), 8 fan(s), 9 light(s), 1 stove(s), 1 washing machine(s), 1 water purifier(s), 1 dining table(s), 1 curtain(s), 1 chimney(s) and 1 exhaust fan(s). It has vitrified flooring. It is immediately available for all for rs. 19999 monthly. The rent is negotiable. It is a 0-1 year old property and also has 1 covered parking and 0 open parking. It has a super built-Up area of 1438 sq. Ft. It has intercom facility, lift(s), park, maintenance staff, visitor parking, water storage and security/fire alarm. Other features include club house/community center, fitness centre/gym, swimming pool and security personne etc. There is also a provision for rain water harvesting. Tenant needs to pay 3 months rent as - view less
Description : 3 bhk flat available for rent in hadapsar, pune. It is located in panchshil one north, which is a very good society... read more. The space is fully furnished, located on 7th floor of 20 floors. It has 3 bedrooms, 3 bathrooms and 1 balcony(S). It is an ideal accommodation for all and has a super built-Up area of 3000. 0 sq. Ft. It includes 3 wardrobe(S), 3 bed(S), 1 modular kitchen, 1 fridge(S), 4 ac(S), 3 geyser(S), 1 tv(S), 1 sofa(S), 1 dining table(S), 6 fan(S), 20 light(S), 1 stove(S), 1 washing machine(S), 1 water purifier(S), 1 dining table(S), 1 curtain(S), 1 chimney(S) and 1 exhaust fan(S). It is a 1-5 years. There is 2 covered parking. Available for a monthly rent of rs. 85000. - view less
Description : 2 bhk apartment for rent in madhav nagar, pune. It is a semi-Furnished apartment, located on the 4th floor of 6 flo... read moreors. The apartment has 2 bedrooms 2 bathrooms 1 balcony(s). It is also equipped with 2 wardrobe(s), 2 bed(s), 1 modular kitchen, 2 geyser(s), 1 sofa(s), 1 dining table(s), 4 fan(s), 8 light(s), 1 water purifier(s), 1 curtain(s), 1 chimney(s) and 1 exhaust fan(s). It is immediately available for all for rs. 20000 monthly. It is a 5-10 years and also has 1 covered parking. It has a super built-Up area of 993. 0 sq. Ft. - view less
"I think that these funds, these investor groups are looking at a cultural move away from your garden apartment with elevators, swimming pools, tennis courts and common areas," Ellenburg said. "Homeownership is looking less desirable to some, particularly in the affordable arena, and they have a chance, for very close to the same price, to rent a three-bedroom, two-bath or a four-bedroom, three-bath home and are able to call it their own."