Since 2004, the U.S. has seen a significant decilne in homeownership rates. At a time when loans are tough than to secure and foreclosures continue to be a reality for many Americans, desire for rental options is on the rise. The face of the average American renter is changing, from young adults in apartments, to families looking for nice comfortable places in the suburbs to call home. Many people are seeing this as an opportunity to purchase long terms rentals. To read more Morgan Stanley’s position on the shift towards a “rentorship society”, click here.
With an ornery stock market, low interest rates, an abundance of low priced short sale and bank owned homes, and rentals in high demand, we are finding that many of our clients are interested in purchasing rental properties. Interested in this venture? With years of experience managing our own rental properties, established relationships with property management companies, and a thorough understanding of the housing and rental markets, look no further than your Get Moving team to get you there.