Recently banks have decided to start renting out their properties and not leave them vacant. Banks will start using property management companies to rent our their properties if they can't sell them. This could change the market in a bad way for investors, or people who would like to rent out there home. Banks have a lot of money and are probably willing to take a reduced price for the property. Inventory will rise for people looking for a rental and with growing inventory prices could fall.
Having a good property with a good price will always get rented. Yet it does not help investors that banks have chosen this route for homes which they cant sell. Property managers will benefit from this with more accounts, but will it hurt current homes they manage. Let me know your thoughts.
Sidney Poritz
sporitz@homepointe.com
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