Small independent landlords—sometimes called “mom and pop” landlords—typically own just one or two rental homes or apartments but, in aggregate, they provide 40% of all U.S. rental housing. They are often overlooked as potential partners or clients by leaders working on asset building, wealth preservation, small business, and housing, even though small, independent landlords play important roles in every community’s economy.
Small independent landlords are important to consider in wealth-building and preservation efforts for three key reasons. First, renting out property is the preferred wealth-building strategy for many people—especially those who have low levels of trust in financial institutions. Second, many people become landlords unintentionally through inheritance or changes in life circumstances, and they often need support to preserve and pass on that asset and attendant wealth. Similarly, leaders committed to advancing racial economic justice should consider working with small independent landlords of color to ensure their properties translate to intergenerational wealth. Third, small independent landlords are essential providers of housing to lower-income, low-wealth renters. To that end, this webinar and accompanying funder brief.
Join Asset Funders Network for this national webinar to discuss key findings and recommendations from our new funder brief entitled Small Independent Landlords: At the Intersection of Affordable Housing and Business Ownership Strategies. This session will:
- Provide an overview of the public data describing who these landlords are and their role in rental housing marketsas well as insights and anecdotes on the lived experience of small independent landlords;
- Discuss strategies to ensure small independent landlords and their tenants become more financially secure; and
- Explore how stakeholders can effectively engage with small independent landlords to support asset building, housing affordability, small businesses, and racial economic justice.
The Greater New York AFN is hosting a 30-minute regional debrief session immediately following this national webinar to discuss how small independent landlords connect to their work. Please confirm in your registration if you would like to join this regional debrief session. An additional Zoom link for you will be shared to those who plan to attend this regional breakout session.
Accessibility Statement: Captioning will be provided. If you have any other accessibility requests or questions, please email Nikki Armstead at firstname.lastname@example.org. Requests for reasonable accommodations must be received by October 16, 2023 to ensure our ability to meet your request.