As bleak as the economic news has been during this pandemic, there are certain sectors that may rebound quite quickly once Covid-19 fades way.
According to a recent article in National Real Estate Investor, the single-family rental (SFR) sector is well-positioned for a rebound once widespread economic activity resumes.
“In the post-Covid-19 future, I think we will see even more people opt to rent homes instead of buying,” says Doug Brien, CEO and co-founder of Mynd Property Management, a property management firm. “In times of financial and healthcare crises, people tend to struggle paying their mortgages, making their car payments, etc. Renting is a simpler, more desirable option for many people.”
That’s quite a rosy picture considering how many tenants across America are currently unemployed.
But experts agree that in the long term, SFRs will rebound more quickly than other residential asset classes.
So, hang on to your hats. It’s gonna be a bumpy ride.
Read on HERE
Mr. Willig engages and coordinates a professional team of real estate brokers, general contractors, leasing agents, and property managers in order to rehabilitate, lease and maintain the properties he acquires for SpringView Investments. He has over 20 years of finance and accounting experience.