Is your rental market on fire?

[Nathan Gesner]

I have hardly been on BiggerPockets all summer because our market is on fire! I was busier than the proverbial one-legged man during COVID, had about two weeks of normalcy, and then the market exploded.

I manage 400 rentals and don't have any vacancies. I have to force vacancies to allow me time to inspect and clean/repair between renters. When I list a house for rent, I typically have it rented within a week and 3-6 weeks before it's even available. We're also experiencing a strong sales market with quick sales, all-cash purchases, and even competitive bidding. A large percentage of this is due to people moving from coastal cities to escape the craziness of 2020, high taxes, etc.

What are you seeing in your market?