Bidding war on rent in South Florida?????

[Robins Dorvil]

Ok, I get there's a shortage nationwide especially here in palm beach county. We've seen 10 to 15% price increases on homes that are selling quickly. However, I'm now seeing this with rental property as well. I have clients that reached out to me with a budget of $3600 a month to rent a modest 3/2 home with a pool. I told them that's a healthy budget so this should be easy. I was in complete shock that everything we found that was decent was either gone in a matter of hours or in a bidding war. Am I missing something? Are we getting a lot of migration from the north?