On a recent podcast from John Burns Real Estate Consulting, Lesley Deutch and Ken Perlman, two principals at the firm, tell real estate investors that it’s time to “reboot” their strategies.
Their clarion call is based on radical changes happening in the housing rental sector.
Renters today are now shifting their focus from square footage and amenities to affordability and they’re much more concerned with cost than commuting distances.
More and more renters in urban areas want to move to suburban areas, either to rent or to buy. If they have kids, they are lured to the suburbs because of better schools.
Couple that with a new flood of money in BFRs (Build for Rent units) and you can understand the radical changes that are underfoot.
Deutch and Perlman are advising investors to follow the hottest trend in rental housing: the prevalence of newly-built townhomes and detached homes for rent.
Listen to the podcast HERE:
Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at email@example.com or 917-209-4452.
Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.