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NAICS 531110, industry

NAICS 531110: Lessors of residential buildings and dwellings

NAICS 531110 is the industry code for lessors of residential buildings and dwellings. Use it on loan applications, tax forms and registrations. Explore financing for professional services and start your application when you are ready.

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What 531110 covers

Lessors of residential buildings and dwellings own and rent out apartments, single family homes, duplexes and other housing.

Included in this code

  • Apartment building owners
  • Single family rental owners
  • Duplex and fourplex landlords
  • Short term rental owners

Not this code

Businesses that use 531110

Apartment ownerSingle family rental investorShort term rental host

Financing for this trade

Landlords use DSCR loans, Fannie Mae and Freddie Mac multifamily loans, bank portfolio loans and bridge loans. SBA loans are not available for passive rental real estate. Lenders look at debt service coverage and occupancy.

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Is 531110 the right code for a residential landlord?

Yes, if you own and rent out residential property. Managers of property owned by others use 531311, and hotels and motels use 721110. The closest alternatives are 531311 (residential property managers) and 531190 (lessors of other real estate property). Use whichever matches your largest revenue stream, and keep it consistent across tax filings, SBA forms and lender applications.

What is the SBA size standard for 531110?

The SBA size standard for 531110 is $34M in average annual receipts. SBA averages total gross receipts over the last five completed fiscal years and adds in any affiliates under common control. A residential landlord at or below that figure counts as small for federal small business contracts and other SBA size determinations, although lending and passive investment businesses are generally not eligible for SBA 7(a) loans.

What financing do residential landlords use?

Investors use DSCR loans qualified on rental income, agency multifamily loans for five units or more, bank portfolio loans and bridge loans for value add projects. Lenders look at debt service coverage, occupancy, rent rolls and the borrower's experience. A broker who works with many lenders can line up bank, SBA and alternative offers side by side, which often matters more than chasing the lowest headline price.

What does NAICS 531110 cover?

Lessors of residential buildings and dwellings. Industry level code in NAICS 2022, under 53 Real estate and rental and leasing, 531 Real estate, 5311 Lessors of real estate, 53111 Lessors of residential buildings and dwellings.

What financing do NAICS 531110 businesses use?

Equipment financing, working capital, SBA loans and invoice factoring are the products placed most for professional services businesses. Start an application and the AI matches the deal to lenders that fund this code.

Where do I put NAICS 531110?

On the SBA loan application, on federal Schedule C or Form 1120, on SAM.gov and state registrations, and on most lender applications. A business can report more than one code; use this one if it describes what produces most of your revenue.