How technology is saving the rental industry
Renters are still hunting for new places to live amid the crisis. After seeing positive April rent numbers and more states opening for business, residential landlords are seeing these indicators as a good sign for the rest of year. RENTCafé from the Yardi Group recently conducted a mid-April survey comprised of 9000 renters. Nearly 2/3 of the respondents indicated they plan to move as soon as they find a new place despite virus complications. While only about 10% indicate they will stay put until the crisis is over. Around the country renters continue to "tour apartments" via virtual tours and private showings to maintain social distancing measures. At EM Capital, we are continuing to analyze how the digital age has and will further impact the Real Estate industry. More to come.
Image: The Real Deal