Transcription
The name of the game here is to make sure that you have positive cash flow in your properties. We want to be in the game. We want these assets to pay for themselves, and we want to be in the game in a market like Jacksonville where it's going to grow. And that's how we really change people's lives through rental property investing. It doesn't work if properties don't have significant rental demand.
We're in a position of strength as single-family rental property owners; we don't have to worry about multifamily having the same effect that it started to have over the last few years, as far as bringing us into that soft rental market status.
And here's what the data looks like: JWB internally, and and the best data that I can get on the for-rent inventory level. So what I did is I pulled for-rent listings on HotPads, Zillow, and Trulia. And I did it at different points in time: January of this year, February, and March. And what we've seen in February and March is a 10.6% decrease in the number of listings. One month we saw a 10.6% decrease in the number of listings. That helps our ability, from a macro perspective, to rent your home.
And so that's what we've seen internally for JWB. And this is just through March 8th, but we rented 359 homes from January 1st through March 8th of this year. That is up 26% year-over-year from just last year. That is the most, by far, that we have ever rented in our company history through this far through the year. So 26% year-over-year growth. There's the macro that is moving in our direction. Guys, this is a really good time to be renting out.