Strong Residential Rental Market

The market for rentals of single family homes is the strongest is several years. Due in large part to the downturn in the housing market, lowering home prices, and a troubled lending sector, many areas of the country are experiencing a shortage of available rental properties. Homeowners and investors who were hoping for profits are beginning to consider renting just to pay the bills on their properties. The good news for those property owners is that prospective renters who thought they could purchase are well-qualified to rent. They have good credit, references, and income and are quickly moved through the tenant screening process and ready to sign a lease.