SunCoast Property Management, an affiliate of Southern Impression Homes, provides ongoing staffing and operational support. This allows us to provide our buyers with quality build-to-rent opportunities at lower payroll and overhead costs than our competitors. It also allows us to ensure our communities remain in excellent shape now and in the future, through sensible and responsible upkeep.
The vast majority of Southern Impression Homes are sold prior to construction, primarily to landlords looking to expand their rental portfolios. Our Buyers can secure their purchase contracts with a 10% binder deposit in most instances, subject to approval.
It's in the Numbers
We are always looking for new markets that meet the metrics and demographics for us to develop build-to-rent communities. When we pick an area to build in, we consider rental factors – for example, If the median income in an area isn’t three times the expected annual rent, the property is probably not viable and we would likely decline such an opportunity. We also consider desirability factors like nearby education, police enforcement, and potential future development, to understand how these factors may impact build-to-rent homes and their surrounding communities.