As the once-hot “REO to rental” industry cools off in metro Atlanta and beyond, equity investors are no longer as optimistic about the role of single-family home rentals in the housing recovery effort. The industry has reached a point that a California congressman has asked the House Financial Services Committee to convene hearings on the Reo-backed securities being offered by large institutional investors. U.S. Rep. Mark Takano cited some of the very concerns raised by Georgia Tech planning professor Dan Immergluck: What sort of landlords will the financial service sector prove to be when it comes to managing scatter-site housing?
