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Managing Single-Family Rental Homes (White Paper)

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Second edition, June 2013

As the foreclosure crisis enters its seventh year, a growing number of single-family homes in the Chicago metropolitan area – some already foreclosed, some in the process of foreclosure – are being rented. Some are being rented by people who have lost their homes, while others are being rented by lenders or investors who have taken title to foreclosed properties. Two things are evident: The demand for quality rental homes has risen sharply and communities must adapt to rapidly increasing numbers of single-family rental homes. In addition, many investors are new to the market and lack the experience managing rental properties. 

Both municipalities and investors have urgent questions about how best to manage single-family rental homes so that this growing segment of our region’s housing stock is a benefit, not a burden. This paper provides some answers.

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For more than 80 years, the Metropolitan Planning Council (MPC) has made the Chicago region a better place to live and work by partnering with businesses, communities and governments to address the area's toughest planning and development challenges. MPC works to solve today's urgent problems while consistently thinking ahead to prepare the region for the needs of tomorrow. Read more about our work »

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