Rent increases in the past year, are they sticky?

[Adam Bileckyj]

Generally speaking, it looks like rents are up about 20% in SFH. Do you anticipate those to be the new average rent or will we see rents backslide? I am not sure what historic rent prices look like. I am ignoring declining areas or other anomalies, just trying to get a feel of the general market.

[Jaron Walling]

I'm predicting this to stabilize/stay flat. No way in hell rents continue to rise at that rate year/year. COVID pricing is everywhere! I think if the property justifies the rent it won't slide back. Those properties will get applications and reserved in hours. If the property is beat up, unrenovated, and dirty you'll probably see a small pull back next year and slower turnover.