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Why student rental properties are a great buy during the pandemic
Two categories of investment properties haven’t fared as well as others during the pandemic in Windsor, Ontario.
On the plus side, this creates opportunity.
These categories are rental properties and condos.
Student Rentals specialist Steve Jarrouge of The Vanguard Team at Manor Realty Ltd. said student rental properties simply became a good buy right now because a high number of students are studying from home using online learning and video communications.
However, with everyone hopeful the pandemic will soon end, the market has not yet boomed.
Jarrouge said Manor Realty has not yet seen the investors come back and take advantage of this temporary disruption in university and college life.
Discover How To Buy Unlimited Rental Properties With This Step By Step Guide
“This softer market for student rentals bodes extremely well for investors who invest in them now rather than waiting for all the student’s parents and risk adverse investors to come back and start buying those houses.”
Numerous properties are readily available for sale and The Vanguard Team currently has a handful of active listings around the University of Windsor.
Jarrouge says right now is a great time to buy them simply because there is low-to-no competition driving up the prices when you make an offer.
Watch for a forthcoming article addressing the condominium market as a great buy opportunity with Jarrouge’s teammate and condo niche specialist Sadi Moro.
For more information on student rental properties and condominiums contact specialist Steve Jarrouge of The Vanguard Team at Manor Realty Ltd. (519) 250-8800 or visit www.thevanguardteam.com.
Meanwhile if you want to start looking for financing options for student rentals, click the link below for a free strategy call today.