The only thing propping them up and forcing them higher is our monetary system and governmental regulations that limit competition in the market place. 

We have an extremely competitive market, huge demand and low inventory.

What is occupancy and rate and how does that compare to your competition? 

Respond within minutes to each one, as tenants often go with the first responsive option.Ensure you have high-quality photos that make your property stand out against the competition.

It was in rough condition, which limited competition and made it a strong candidate for the BRRRR method.Negotiation: After analyzing comps and repair costs, I negotiated a $420,000 purchase price, which was below the market value for similar properties in the area.

They often have access to off-market properties which gives you less competition.

You can ask them to skip one of the Public hearings if very little input.Zoning is actually good from a competition standpoint. 

I had been somewhat interested in short term furnished rentals (30 days or more) I looked into Homesuite.com then I called a few operators around me to feel out the competition. 

This deal showcased our ability to create value and profit in a competitive market.

This added inventory gave renters more options, leading to increased competition for landlords.Why This Matters (and Why There's Hope)For landlords accustomed to a manageable 6-day increase in DOM during the holidays, the 10+ day spike might feel concerning.