Your Next Landlord Could Be 100 Random People

The three-bedroom, two-bath, split-level house in Fayetteville, Arkansas, looks like a perfect family home. It’s got a charming brick exterior, a lush, green front lawn, and a fenced-in backyard perfect for hosting cookouts. It’s on a quiet street with two schools and a Boys and Girls Club nearby. But this perfect family home has an unusual owner—or owners.

The property, which these days is known as the Soapstone, is “owned,” in a roundabout way, by 102 investors who have collectively purchased just over $100,000 in shares through a company called Arrived Homes. The property is managed and rented out for $1,600 a month, a

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