Where are the Tenants Coming From??
July 11th, 2008 by admin
We have always had a good pool of potential tenants in Central Ohio:
- Relocation with our variety of companies
- Honda and affiliated plants have Japanese engineers come here for 3 - 5 years
- “Normal” amount of those who cannot qualify for a loan
The real estate market correction brought on by bad lending practices in 2004 - 2007 is yielding alot of new prospects:
- Renters whose landlord’s lose their home to foreclosure
- Homeowners who qualified for loans that they could not afford in the long term and can no longer qualify for a loan because of foreclosure or short sale
- Couples or individuals who would have qualified for FHA or conventional loans but cannot because the underwriting criteria are stricter than they have been since the late 1990s
This entry was posted on Friday, July 11th, 2008 at 9:33 am and is filed under Finding Tenants. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.