There is far more demand than supply and people from California and other states keep moving here and they are snatching up the houses as soon as they hit the market.

Institutional\Wall Street companies are also driving up SFH, too, by reducing supply and selling them over and over to each other for a profit. 

The other thing to remember is housing prices are the result of supply versus demand.

@Maria D'Aura When it comes to self-storage, it's all about supply and demand.

The market has been hot.. then COVID hit and it sort of paused.. and now we're dealing with very little supply and bidding wars.

Definitely low supply here in MA and high demand of buyers as well as renters.

You're also supplying all utilities including internet. 

(This doesn’t include furniture or business supplies of course)It’s great to hear some banks will consider future income potential - I will definitely be looking into smaller banks.

Of course, this punished the good operators that stay at the market.3) Suburbs with large employers or further out suburbs that are growing with little new construction4) Utility billing potential since water is the fastest growing expense here5) No major rehab projects, the rent growth market looking a little gloomy for the next few years to amortize the cost.6) 3 bed and 2 bed/2bth are appealing due to lower turns and relatively lack of supply.  

We're running out of places to build that's anywhere significant geographically in the metropolitan areas and we have an extremely low supply of inventory and high high demand.