From my experience, this is a very seasonal market.

Our first year out was crazy good renting for $3300 when market rate was around $2100, but by mid 2023 and 2024 it felt harder.

I'd likely just agree to break the lease with a couple months of rent as a penalty rather than force these people to continue being tenants in my property....you never know what will happen to the condition of the property.

There are many factors, as with any real estate market:(1) Location. 

Does anyone have a map breaking down the Phoenix market area ?

If you're a landlord or investor in the Charlotte area, you might have noticed something unusual in the rental market this winter.

I hope you are doing well and sounds like you are an experience investor in this market - would love to maybe grab coffee sometime and hear about the experiences you have gain over that last 15 years!

@Andrew Lastivka Are you still interested in the phx str market?

I'm new to the market but not new to investing and looking for wholesalers and other investors to work with.

Quote from @Makani Donaldson: Even when the market was great for investors (2012 - 2020), most investors would say good cash flow was $200+ per unit, per month.