Unfortunately, factors like a hardening property market, inflation, labor shortages, increased building costs, and an increase in claims frequency and severity have caused our carriers to require increases to both rates and coverage amount minimums to keep up with these market conditions.

Price increases and raw material shortages continue across the board.

There is a shortage of affordable housing currently so we feel that 5% is appropriate.

They are all great people, and even through covid i have not had 1 vacancy and only 1 rent defer.Amazon just opened a packaging warehouse, theres a gatorade factory, and construction in the Central Florida area is booming, so no shortage of tenants.

Unfortunately, factors like a hardening property market, inflation, labor shortages, increased building costs, and an increase in claims frequency and severity have caused our carriers to require increases to both rates and coverage amount minimums to keep up with these market conditions.

I have even gone as far as finding out one of my tenants kids got a 20 gauge for turkey hunting but they couldn't find practice ammo in a shortage and dropped off 50 rounds for him, youth shooters are the future.  

@Mukul SharmaThose are great areas to invest in and even rentals are in shortage.

There will never be a shortage; there are millions of them.

South Florida is expensive due to labor shortages, rules & regs and increased code scrutiny.

I was in the Maui County planner's office yesterday, and they projected a shortage of 15,000 housing units for 2030.