by Wolf Richter, Wolf Street:

80% of single-family rentals are mom-and-pop; mega-landlords own just 3%. But mega-landlords dominate multifamily rentals.

There has been a lot of talk about corporate mega-landlords buying up single-family houses one by one in massive numbers, outbidding overwhelmed homebuyers at every twist and turn.

But that’s just not the case. The landlords that own 80% of the single-family rental houses are mom-and-pop investors.