![]() These growth drivers should enable Invitation Homes to continue growing its dividend, providing even more passive income to investors in the coming years. The company has secured a steady stream of new rental homes through several partnerships, including one with national homebuilder PulteGroup that will supply it with 7,500 new homes over the next five years. Invitation Homes expects its dual growth drivers to remain firmly in place, driven by strong housing demand and low inventory levels. Meanwhile, it purchased another 955 homes for $426 million in the quarter. Lease rates across its portfolio were up by 11.8% year over year in the second quarter. The REIT has steadily increased its payout as it has grown its revenues through rising rental rates and portfolio expansion. The residential REIT owns more than 80,000 rental properties across the U.S., focused primarily on the country's fastest-growing housing markets. For that, you'd need a whole portfolio of properties, which would be a lot more work to manage.Īn effortless way to invest in a portfolio of single-family rental properties is to purchase shares of Invitation Homes ( INVH -2.33%). While managing one house isn't a lot of work, owning one rental property likely won't produce the passive income a person will need to retire. Most rental property owners start by purchasing a single-family home that they rent out. Here are two top REITs that provide some of the benefits of owning rental properties without the effort. ![]() ![]() One easy way to get on the passive income gravy train is to invest in real estate investment trusts ( REITs ). The good news is that there are alternatives for those who love the idea of generating passive income from real estate but don't want to work so hard for that money. It requires active management to find and manage tenants, pay the bills, and keep up with repairs. However, anyone who has ever owned a rental property knows that being a landlord is anything but passive. The IRS qualifies income earned from rental properties as passive. ![]()
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