While individual landlords currently hold a large share of the rental market, relying on them as a primary solution to the housing crisis presents significant risks to tenant security. Unlike large corporations that are subject to strict regulatory oversight and public accountability, small-scale landlords operate in a fragmented landscape. This makes it difficult for tenants to navigate disputes or ensure that their rights are consistently upheld across thousands of individual properties.
One of the most pressing concerns is the lack of professional management in the mom-and-pop sector. When a landlord lacks the resources or expertise to manage a property effectively, tenants often face issues with deferred maintenance, safety hazards, and inconsistent rent practices. Furthermore, because these owners are often highly leveraged, they are particularly vulnerable to economic shocks. When interest rates rise, these landlords are often the first to pass those costs onto tenants, leading to rapid and unpredictable rent spikes.
This model also creates a precarious situation for renters who may be forced to vacate if a landlord decides to sell their property for personal financial reasons. Unlike institutional buildings that are designed to remain as long-term rentals, individual properties are often subject to the changing life circumstances of the owner. This lack of permanence undermines the goal of creating a stable, long-term rental market that families can rely on for years.
To address these issues, the focus of housing policy must shift toward professional, purpose-built rental developments that offer better protections and long-term stability. While individual landlords currently fill a gap, they should not be viewed as a substitute for a robust, institutionalized rental sector that prioritizes tenant rights and consistent, professional property management.