The consistent rise in rent month-over-month has caused investors to jump right back into the market again after COVID-19 affected the housing market so significantly. The national rent increase as of August 2021 showed a 9.3% increase from the previous year. A good sign for investors? Absolutely
Demand For Single-Family Homes
Single-family homes became a hot commodity during the pandemic, a desire for more space was a key factor as people shifted to working from home and children weren’t in school. This not only created a low supply of these homes but shoved rent up making it harder for families to get these properties.
Investors have made out during this time by buying up and building out more properties as the demand continued to rise. Why continue building right now? People are willing to pay for high rent right now in a newer home that’s managed by professionals.
Other Factors
What are some other reasons it’s a great time to get into real estate right now? Inflation is rising, record-high rent growth and occupancy rates, and rising home prices forcing more and more people into renting.
How To Get Started
If you’re looking for a new form of passive income, investing in real estate is a great place to start – especially right now. However, it’s hard to get in on all of this excitement when everyone else is trying to do the same. That’s where we come in. Let our team at Wisco Turnkey take care of everything for you from finding the right property to fit your financial goals to screening and managing tenants. What do you have to do? Schedule a call with us to get started and then sit back and relax while you enjoy the immediate benefits of working with us. Want to know more before scheduling a call? Head over to wiscoturnkey.com.
