Raineth Housing’s Ed Renwick Buys and Rents Out Distressed Homes in Ferguson

Information may not be reliable

San Pedro, CA (October 07, 2020) – The increasing rental costs create a lot of concern for those in the low-income community. Understanding their concern, Ed Renwick’s Raineth Housing for which he is a co-founder buys distressed properties in Ferguson and lets them to those in a low-income community and looking for federal subsidies. This company has been buying distressed properties for long in Cincinnati, Kansas City and St. Louis for long.

Many properties in Ferguson turn out to be distressed properties just because the owners are not able to settle their debts. As these properties go on foreclosure, Raineth Housing buys them and makes the appropriate renovations and then lets them at affordable cost with the experience of Edward Rainey Renwick in the housing domain for long.

Edward R Renwick is also a partner in many other organizations and he has committed himself to help people, who cannot pay huge rent to the place they live. He has even stated in one of his interviews that most of his tenants are single mothers, who face hardships in meeting their regular expenses. So, to reduce the burden they have to face on rent, he offers this service to the community.

About Raineth Housing:

With founder Edward Renwick, the mission of this company is to provide affordable clean and safe single-family homes to the working class struggling to meet their ends.

For more information, visit https://dealbook.nytimes.com/2014/09/03/another-shadow-in-ferguson-as-outside-firms-buy-and-rent-out-distressed-homes/