The majority of investors in residential rental properties plan to expand their portfolios this year and also spend money on home improvements, a new national survey suggests.

RentRedi, a property management software company, recently surveyed more than 3,700 of its landlord clients across the county, finding that nearly 60% of them plan to buy property this year.   

Regionally, some 69% of landlords in the Midwest and South and 68% of landlords in the Northeast indicated they planned to expand, whereas just 52% of landlords in the West intended to buy properties.

Large landlords (20+ rental units) were the most likely to expand their holdings, with 73% indicating plans to acquire new property in 2025, followed by medium landlords (5-19 rental units) at 69% and small landlords (1-4 rental units) at 63%.

A majority of landlords (52%) indicated they planned to spend at least $5,000 or more per unit on home improvements.

Nationally, 27% of landlords plan to invest at least $20,000 per property on renovations. Large landlords are leading this trend, with 37% allocating $20,000 or more per unit, compared to 20% of small landlords.