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Rowhomes at 34th and Spring Garden streets for sale or rent. (Emma Lee/WHYY)
Kenyatta Moore, 48, a West Philadelphia native and a small landlord, owns two properties in Olney. But after ten years, he’s thinking of selling his properties in Philly and investing elsewhere.
He rents out one-bedroom apartments for $700, providing what the city would describe as “naturally occurring affordable housing.” Small landlords are the most common providers of this affordable housing that is not subsidized.
There isn’t a city-wide definition of what a small landlord is, but landlords that own one or two units make up 73% of all licensed city landlords.