Demand for Quad-plexes during Covid-19

[Jason Grey]

I'm interested in hearing your thoughts on whether the demand for quadplexes will continue in Huntsville/Madison during the Covid-19 crisis. Most quads in the area cater to lower income earners and those working in the service/gig economy. It can mean that the risk for non-payment of rent on these types of properties will likely be higher at this time. Is the increased risk a turnoff or is there enough pent-up demand to carry us through this crisis?

[Michael S.]

The biggest question I have not seen brought up in the Huntsville forum is Lowe Mill.  There has been a lot of push for properties in that area - with all the non-essential business shutdown, I expect the momentum in the Lowe Mill area to slow dramatically for a while.  Of course, I could be completely wrong, but I think that area sees the biggest real estate slow down in Huntsville/Madison.  I could see big firms still buying properties, boarding them up, and sitting on them for the next 3 to 6 months.