That's true, though the "big enough landlord" isn't as common as many think. About 40% of rental properties in the US are owned by individuals[1], with most owning less than $400k in properties[2].

1. https://www.nar.realtor/blogs/economists-outlook/landlord-st...

2. https://getflex.com/blog/landlord-statistics/#:~:text=The%20....