A New Housing Trend: Built-for-Rent

Built-for-Rent Communities are a Growing Part of the Market

In recent years, a notable shift has occurred in the housing market, signaling a rising preference for single-family rentals. While traditionally, single-family homes were predominantly owned, a significant portion—16.6 percent—are now rented, with recent construction data indicating a surge in purpose-built rental communities.


This growth can be attributed to various factors, including the soaring home prices, which have nearly doubled over the past decade, exacerbated by high interest rates, making homeownership financially challenging for many. As a result, renting has become the more viable option for households desiring the single-family lifestyle.


Enter the "built-for-rent" (BFR) communities—large-scale developments of single-family homes designed specifically for renters. These communities offer amenities akin to multifamily housing, appealing to those seeking a middle ground between renting and homeownership. Construction of BFR homes has seen a remarkable increase, with 2023 alone witnessing a three-fold rise in starts compared to the previous decade. This trend persists even as overall home construction has slowed down since 2021.


Despite the nascent nature of BFR communities, single-family rentals have long been established, with 43 million Americans already residing in rented single-family homes, representing over 40 percent of all renters nationwide. These renters tend to prefer suburban living, with larger households compared to apartment dwellers. Financially, single-family rentals offer advantages such as lower rent burden rates, with higher median household incomes compared to apartment renters. However, there remains a significant income gap between single-family renters and homeowners.


Geographically, single-family rentals are concentrated in the South and West, particularly in California, where the rates are notably high. This trend is expected to intensify, driven by investor ownership and concentrated BFR development in these regions. Opinions among housing experts are divided on the long-term implications of this trend. While proponents argue for increased access and flexibility, detractors raise concerns about the impact of institutional investors on housing affordability and equity distribution.


As housing affordability remains a pressing issue, the growing involvement of investors in the single-family sector is likely to attract the attention of policymakers in the years to come.

5 Things to Do Before Moving Into Your New Home as a Renter

October 16, 2025
Moving into a new place is always exciting — but before you start unpacking boxes and planning your first cozy night in, there are a few important steps to make sure your move goes smoothly. These tasks not only help protect you as a renter, but also ensure your new home is set up exactly how you want it from day one. 1. Complete Your Property Condition Report Before you move anything in, take the time to carefully go through your new home and document its condition. Check for scratches, dents, stains, or anything that looks worn or damaged. Take photos and note details in your property condition report. This protects you later when it’s time to move out — you’ll have proof of what was there before you arrived. This report should be sent to your move in representative, but make sure to keep a copy for yourself as well! 2. Set Up Your Utilities and Services Don’t wait until move-in day to realize you don’t have utilities on in your name. Contact the utility providers (electricity, gas, water, sewer, trash, internet, etc.) a few days before you move to ensure everything is activated and transferred into your name. It’s also a good time to schedule services like cable or Wi-Fi installation so you’re not waiting days without connection. If you aren't sure what utility companies you need to call, ask your property manager before you are set to move in. 3. Review Your Lease and Rules One More Time Even if you already signed your lease, give it another look before moving in. Double-check details like rent due dates, late fees, parking rules, and maintenance responsibilities. Make sure you understand what’s expected — especially things like pet policies, noise rules, and how to request repairs. Knowing this now can help you avoid misunderstandings later. 4. Change or Set Up Your Mailing Address Update your address with USPS, your bank, subscriptions, and any services that regularly send you mail or packages. It’s a small step that prevents missed bills, lost deliveries, or delays in important correspondence. You can even set up mail forwarding through USPS to make the transition seamless. 5. Do a Deep Clean Before Unpacking Even if your new home looks spotless, it’s always worth doing a quick clean before you move your belongings in. Wipe down surfaces, clean cabinets, sanitize bathrooms, and vacuum floors. It’s much easier to get into every corner before furniture and boxes fill the space — and it’ll instantly make your new home feel fresher and truly yours. Final Tip: Take this time to also introduce yourself to your neighbors and your property manager. Building that connection early can make your rental experience smoother and more enjoyable.

Farmers Markets in Las Vegas!

October 7, 2025
Las Vegas might be known for its bright lights and endless buffets, but there’s another side to the city—one filled with fresh produce, artisan goods, and local charm. Whether you’re a foodie, a weekend wanderer, or just someone who loves supporting small businesses, the farmers markets around town are worth adding to your weekend plans. Downtown Summerlin Farmers Market is one of the most popular stops. Every Saturday, the Pavilion fills up with stalls offering colorful produce, homemade breads, and local honey. It’s a great way to kick off your weekend—especially if you follow it with brunch or shopping at the surrounding stores. Over in Henderson, The District at Green Valley Ranch hosts its own market on Thursdays. It’s a relaxed midweek option with a nice mix of fresh goods and handmade crafts. If you’re nearby, it’s the perfect excuse for a stroll under the trees and maybe a coffee from one of the local cafés.  A newer addition to the scene is The UnCommons Farmers Market , held every Sunday. This modern, walkable community brings together local growers and makers in a trendy setting that feels more like a neighborhood festival than a typical market. Think small-batch jams, fresh flowers, and a few friendly pups in tow. If you’re looking for variety, Fresh52 Farmers & Artisan Markets pop up all over the valley—from Skye Canyon and Southern Highlands to Floyd Lamb Park. Each location has its own local flavor, but all share the same goal: connecting locals with farm-fresh produce and handcrafted goods. For a more immersive experience, head to The Las Vegas Farm . Open every weekend, this working farm offers local produce, fresh eggs, and even the chance to meet a few friendly animals. It’s a family favorite and a reminder that Las Vegas is more than desert—it’s also a growing community of local producers. No matter where you go, here are a few quick tips: arrive early for the best selection, bring a reusable bag (and a little cash), and take a moment to chat with the vendors. Many are small family operations happy to share recipes, storage tips, and what’s coming into season next. Exploring farmers markets in Las Vegas is a refreshing reminder that community thrives here, even in the middle of the desert. Whether you’re picking up ingredients for dinner or simply soaking in the atmosphere, each market offers a little taste of local life—Vegas style.

Spooktacular Fun: Halloween Traditions and the Annual McKenna Boo Bash!

September 30, 2025
Halloween is a time for spooky fun, creative costumes, and sweet treats—a holiday that brings communities together in celebration of all things eerie and festive. From carving pumpkins and trick-or-treating to attending costume parties, Halloween traditions have evolved over centuries, blending folklore, community spirit, and a love for all things playful and mysterious. Here at McKenna Property Management, we’re excited to carry on the tradition in our own way with our Annual McKenna Boo Bash ! This year, we’re inviting everyone to join us at our office on October 31st from 1:00 PM to 4:30 PM for a fun-filled celebration. Here’s what you can expect at the Boo Bash: Costumes Galore: Our team will be decked out in creative costumes, and we encourage visitors to come dressed up too! However, it is not required! Prizes for Everyone: This year, we will be awarding prizes to add an extra layer of excitement. Spooktacular Office Decor: Our offices will be transformed into a Halloween wonderland, full of festive decorations and surprises. Candy for All: No Halloween event is complete without treats—come grab some candy and enjoy the sweet side of the season. Halloween is all about community, creativity, and a little bit of magic, and the McKenna Boo Bash is our way of celebrating the season with our neighbors, clients, residents, and friends. Whether you’re stopping by to show off your costume, enjoy some candy, or just soak in the festive atmosphere, we can’t wait to see you! Mark your calendars for October 31st from 1:00 PM to 4:30 PM , and join us for a fun, safe, and memorable Halloween right here at McKenna Property Management—where the spirit of the season comes alive!