FAQ on the Rental Market, Insurance Considerations, and Demand Drivers with Charles Goodwin

How would you describe the current state of the rental market?

The rental market is currently bifurcated, with performance varying by region and rental type, influenced by recent construction trends and the absorption of new inventory.

Why does the Midwest stand out in the rental market?

The Midwest is notable for its strong rent performance due to less new construction during the pandemic, stable investment returns, and low unemployment in select markets.

What is driving demand in the single-family rental (SFR) market?

High homeownership costs, approximately double the cost of renting nationally, are pushing would-be buyers into the rental pool, especially in the SFR market.

Are rents expected to rise again in oversupplied markets?

In oversupplied markets like Texas, inventory levels are beginning to taper off, suggesting a stabilization that could ease pressure on rents and potentially lead to stronger growth over time.

What are the essential insurance considerations for investors after purchasing a property?

The content does not provide specific details on insurance considerations beyond mentioning it as a topic of discussion.

Who is Charles Goodwin and what is his role at Kiavi?

Charles Goodwin is the VP of Bridge and DSCR Lending at Kiavi, overseeing direct sales channels, and co-founder of GBL Partners, focusing on residential real estate and neighborhood revitalization.

What regions are seeing the strongest rent growth?

Regions with tighter supply, such as the Midwest and parts of the West Coast and Northeast, are seeing stronger rent growth compared to oversupplied Sun Belt markets.

How does the current rental market compare to the for-sale market?

The rental market, including SFR, BTR, and apartments, is holding its own compared to the slowed for-sale market, which is experiencing increased inventory in both resale and new construction.