Is the DFW rental market that crazy!!???

[Wai Chan]

One of my tenant moved out today from a SFR in McKinney 75069. It is a 3 bedroom house, 2000 sq ft. Rental grade remodeling. Nothing fancy. Old rent was US1800 and my property manager was telling me that he want to raise the rent to US2400 since the market is crazy now. Low availability, multiple offers with site unseen. I am not located in DFW area so I don't know if it is that crazy now. I don't mind getting more rent but want to understand if it is even possible. Please share your thought.