Originally published in Entrepreneur

By Joe Edgar

Fewer people than ever are buying homes. According to the U.S. Census Bureau, the home ownership rate is currently at lows not seen since the 1960s. At just over 60 percent, this somewhat troubling trend is seen by many as a result of the economic struggles of the millennial generation.

But, there is more to it than that. While demand for houses is down, the market is also being constrained by supply. There simply aren’t enough houses for sale to meet the needs of those who want to buy one.

There’s a good reason for this. Rather than sell their homes when they move or downsize, more owners are choosing to rent them out instead, reaping immediate cash flow as well as tax and borrowing benefits.

It’s easier than ever to be a landlord.

Since 2008 we’ve seen the number of so-called “do-it-yourself (DIY) landlords” increase by nearly 30 percent, driven by new rental platforms like Airbnb and the arrival of technology tools that make being a landlord easier than it was in the past.

Read the full article at https://www.entrepreneur.com/article/324145

Joe Edgar is CEO of TenantCloud.