This is where you can significantly increase the value of the property by making improvements that attract quality tenants and justify a higher rental price.

The median home value in Phoenix as of April 2023 was $368,657, which is a 23.5% increase from the previous year. 

As prices increase, fewer people can afford to buy homes, forcing them to rent.

When getting new tenants I've found the increase to be much more. 

All they see is a 10% increase on a weekend, or month over month, and they call it price gouging.  

We increased the rent slightly after the first 24 month lease and were able to recently increase the rent when the first tenant moved out.Lessons learned?

Reduce the federal budget deficit to 3% of GDP, achieve real GDP growth of 3%, and increase U.S. oil production by 3 million barrels a day by 2028.For real estate investors, these plans could mean major changes—and opportunities.

You need an income that meets three requirements:Rents increase faster than inflation to offset constantly rising prices.It must be reliable; it continues even during economic downturns.It must last throughout your lifetime.These are all long-term requirements, so the current interest rates are not the major issue.

However, some amenities consistently deliver high value because they attract more bookings, increase nightly rates, or result in better guest reviews.

Pace was the only one I encountered who showed up live, who is living these deals out every day and consistently finding ways to deliver (increasing) value to his community.