DAWGS Door Guards Support the Single-Family Rental Market Growth
Industry: Real Estate
Rising from the ashes of the 2007 housing market crash, is a thriving single-family rental market. DAWGS helps turn foreclosures into rental homes for families.
Chicago, IL (PRUnderground) November 4th, 2015
Rising from the ashes of the 2007 housing market crash, is a thriving single-family rental market. Single-family rentals now comprise nearly 40% of the total rental market, this is not far off the multi-family rental marketshare which is 42%. (Source: CoreLogic)
The growth of single-family rental properties is due to investors purchasing foreclosed homes and turning them into rental properties. Ironically, many of the families displaced by foreclosures are the same families seeking to rent a single-family home. Others seeking rental homes are millennials, either unable or not ready to purchase a home.
More often than not, a foreclosed property, turned single-family rental, will need some rehabilitation prior to welcoming a new family. This is where DAWGS comes in.
One of the biggest challenges faced when rehabilitating a property, is managing the comings and goings of multiple vendors. If a vendor misses an appointment or an install due to a missing key or tampered lock box, the entire project can be delayed.
DAWGS solution to multi-vendor logistic headaches is a patented, coded steel door guard. DAWGS steel door guards feature a true 6-point locking system, just like a bank vault. The DAWG steel door guards allow the property owner to manage who has access to their properties.
Jim Glass, Vice President of Engineering and Partner at DAWGS comments, “Our vacant property security solutions keep properties secure and accessible. This keeps the rehab process moving along smoothly so delays, which cost time and money, are avoided. We are excited to help turn foreclosed vacant properties into (rental) homes for families.”
About Door and Window Guard Systems
DAWGS (Door And Window Guard Systems) is a full service vacant property security company. Our flexible, fast-response teams install and remove DAWGS equipment to ensure that your property is always secure. DAWGS currently has operations in Illinois, Indiana, Michigan, Ohio, New York, New Jersey, Pennsylvania, Delaware, Maryland, Washington, D.C. and will be expanding into other new markets soon.