Neowner

Neowner is a term that has emerged in discussions surrounding modern property ownership and rental markets. It generally refers to individuals or entities who acquire properties with the primary intention of renting them out, often as part of a larger portfolio or investment strategy. This concept is distinct from traditional individual landlords who might own a single property. Neowners are often characterized by their more commercial approach to property management, frequently utilizing technology and professional services to streamline operations.

The rise of neownership is often linked to factors such as increasing housing costs, the growing prevalence of short-term rental platforms, and the financialization of real estate. Critics sometimes express concerns that neownership can contribute to the commodification of housing, potentially exacerbating affordability issues and reducing the availability of long-term rental stock for local residents. Conversely, proponents may argue that neownership can bring efficiency and professional management to the rental sector, potentially improving tenant experiences and providing valuable housing options. The term itself is relatively new and its precise definition can vary depending on the context of the discussion.