As businesses and individuals continue to operate during the COVID-19 pandemic, developing new efficiencies, means to communicate and daily habits, many are experiencing unease and uncertainty about what lies ahead.
In conjunction with other leaders in the SFR rental space, SVN | SFRhub Advisors would like to provide insight into the current state of the market and what we expect to see in both the near and long term.
Current SFR Rental Market:
Moderated by Jeff Cline, IMN hosted a webcast mid-last week, The Single Family Rental Industry: Senior Management Strategies During The COVID-19 Crisis, covering the current state of the industry, best practices and implemented strategies during the COVID-19 crisis.
Future SFR Rental Market:
In a press release distributed last week, SVN | SFRhub Advisors predicts ongoing consumer demand for housing will position single-family residential rentals as an investment portfolio stand out.
In an article released by National Real Estate Investor (NREI), it is anticipated that while some investors have concerns on the revenue and occupancy of SFR rentals, “the sector is well-positioned for a rebound once widespread economic activity resumes.”
As always, SVN | SFRhub Advisors wants to remain a constant resource for you and will continue to be accessible during this time, providing updates, knowledge and expertise.
We wish you, your co-workers and family good health.
The SVN | SFRhub Advisors Team, Phoenix, Arizona