Waltham, Mass.-based Pro Teck Valuation Services has announced the availability of a new suite of data and analytics for investors to better assess the value of turning real estate owned (REO) properties into rental housing as investments.
According to the company, the new REO-to-Rental Analytics Suite provides granular data and analytics on REOs, market rents and yields, market drivers and forecasts, and property information to help determine which properties would be the safest and most profitable candidates to turn into viable rental investments.
‘The abundance of foreclosed homes, a 35 percent decline in home values since the 2006 peak, and a strong rental market have led investors to look at REO-to-Rental as a solid investment opportunity,’ says Tom O'Grady, CEO of Pro Teck Valuation Services. ‘We've seen many astute investors acquire REOs that can earn a positive rental income in the short term with a longer-term exit strategy to sell for a profit when home prices appreciate. Pro Teck developed the REO-to-Rental Analytics Suite to support investors who are looking for tools to help them make informed decisions.’
