According to the Mortgage Bankers Association, as of September 6th, 2020 about 3.5 million homes were in forbearance. Yet, there are bidding wars breaking out over suburban homes across America. Pandemic attitudes have shifted consumer wants and trends towards a more suburban lifestyle. So how are popular investment companies coming out on top during this unusual time?

Pandemic Changes

COVID-19 has sent consumer preferences into a whirlwind. Millennials who were cooped up in small apartments are capitalizing on historically low mortgage rates and people who live in big cities are seeking more space for offices, gyms, more space between them and their neighbors.

Individuals and investment companies are fighting for properties that have become more desirable. Investment companies are seeing a revival in home rentals now that families need more space, but are unable to buy these homes.

Rapid Expansion

Real estate investment companies are reporting record rent occupancy and on-time rent collection. As many of these investment companies expand at a rapid rate, these companies capitalize on homeowners who risk losing their homes. Buying homes from at-risk owners and then renting it back to them has become a popular tactic used by investment companies to expand their property network.

As the pandemic continues to affect millions of homeowners and rental tenants, the motivation for investment rental companies to expand will grow. Leaving the city for more space is on an upward trend and is likely going to continue to be post-pandemic. Consumer behavior and wants is likely going to propel investment companies forward over time.

Wiscoturnkey offers a seamless process to assist you in owning a rental property. We listen to your needs to find the best properties to meet your investment strategy. Give us a call today to begin your journey towards owning an investment property in Northeast Wisconsin.