‘Accidental Landlords’ Near Record High as Home Sellers Turn to Rentals: Report

Seven of the 10 markets with the most accidental landlords—discouraged sellers who rent out their property instead—were in Florida and Texas, Zillow said.
‘Accidental Landlords’ Near Record High as Home Sellers Turn to Rentals: Report
A rental sign is posted in front of a Miami home on Dec. 12, 2023. Joe Raedle/Getty Images
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The number of “accidental landlords”—homeowners who initially listed their properties for sale but pulled their listings after a few weeks and instead offered their homes for rent—has risen to near-record highs, online real estate company Zillow said.

Unsold listings that are now offered as rental properties accounted for 2.3 percent of all housing inventory currently listed on Zillow, the company reported on March 11. It’s the highest number of homeowners turning their properties into rentals since November 2022, when accidental landlords reached 2.4 percent, Zillow noted.
Rob Sabo
Rob Sabo
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Rob Sabo has worked as a business journalist for nearly two decades and covers a broad range of business topics for The Epoch Times.