Breaking: TRAFFIC ALERT: Overturned tractor-trailer blocking I-85 South lanes in DeKalb
Business
Business

Beazer Homes buying homes to rent

By Rachel Tobin
April 4, 2011

Atlanta-based Beazer Homes has started a new division to buy distressed homes and fix them up for the rental market.

In a statement, the company says it already started the program in Phoenix. The program entails buying homes, typically out of distress, that were built since 2004, then making the necessary repairs to offer them for rent.

The company anticipates having 100 homes in the program in Phoenix by the end of the year and possibly expanding it to Nevada and California.

Longtime Beazer executive Rich O’Connor is leading the division.

The company has struggled amid the housing slump and federal probes of its business practices. But the home builder has been retooling. It pulled out of some markets and shut down its mortgage unit. It saw some gains in 2010, though it ended the fourth quarter with a nearly $60 million loss.

About the Author

Rachel Tobin
More Stories

Keep Reading

Travelers are departing from Hartsfield-Jackson Atlanta International Airport on Thursday, Nov. 6, 2025. Atlanta is one of the airports where the FAA will cut flights because of the shutdown, and airports are experiencing a shortage of air traffic controllers. (Miguel Martinez/AJC)

Credit: Miguel Martinez-Jimenez

Flight affected by FAA cuts? Here’s what to do.

Hartsfield-Jackson Atlanta International, the busiest airport in the world, is on the list of airports affected — and will also likely see cancellations and delays.

1h ago

Norfolk Southern got safer after Ohio crash. Unions warn of merger risk.

Some union leaders say they’re concerned about the safety implications of the proposed consolidation of Norfolk Southern and Union Pacific.

1h ago

UPS names pilots killed in Louisville plane crash

Captain Richard Wartenberg, First Officer Lee Truitt, and International Relief Officer Captain Dana Diamond were operating the flight that crashed, UPS announced.

The Latest

The Porsche 718 Cayman has alternated between four- and six-cylinder models since its 2006 debut. (Courtesy of Porsche)

Credit: Courtesy of Porsche

OPINION

Saying goodbye to the Porsche 718 Cayman — for now

OPINION

2026 Nissan Leaf: Simple to live with and priced right

Stellantis car parts facility planned for Georgia could mean quicker repairs

Featured

Travelers walk around the baggage claim in the South Terminal at Hartsfield-Jackson Atlanta International Airport on Thursday, Nov. 6, 2025. Atlanta is among the airports where the FAA will reduce flights due to the shutdown, and airports are facing a shortage of air traffic controllers. (Miguel Martinez/ AJC)

Credit: Miguel Martinez-Jimenez

Atlanta among airports where FAA will cut flights due to shutdown

The U.S. Department of Transportation will cut flights by 10% across 40 of the nation’s busiest airports on Friday to alleviate pressure on air traffic controllers.

Metro Atlanta’s water smells, tastes weird again. Blame fall and Lake Lanier.

It’s safe to drink, but a seasonal change in Lake Lanier each fall means most of the metro’s water tastes like dirt and mold.

15 family-friendly things to do in metro Atlanta this weekend

Our list of 15 family-friendly doings in metro Atlanta for Nov. 7-9 includes Veterans Day events.