YOY rent growth was 6%+ last year though I don’t expect that meteoric pace to continue.

I find that these older guys are are just “smoke and mirror words” the events of war, economic crash’s and covid are done now there will always be something due to big government needing another agenda but they’re not going to let it happen this soon again. 

I had heard from several people that the seasonal rental market in North Scottsdale/Phoenix catered well to the retirement group which is growing at a rapid pace in the area.

But that is also the money that will go towards emergency repairs and such.The plan right now is to build to 20-25 doors as fast as possible, then switch gears and focus on paying off the doors with adding new doors slowed to a BRRRR pace. 

Out pacing most other states thanks greatly to some large local companies..

Yes, we could leverage more and have more houses, more cash flow and presumably more wealth and riches, but we like our free time and a slower pace now.   

@James TedrowGreat topic Lots of people aren’t aware of these small incremental structures well because the media has an agenda.

Rents have exploded recently all over Phoenix and I’m faced with having to raise rents hundreds of dollars just to keep pace with market rate!

Next is rate of supply working to meet parity in demand (parity = being equal) is pacing so far being we are looking on average at a decade out.

Here is an excerpt:By Randyl DrummerCoStar NewsNovember 23, 2020 | 4:10 P.M.Real estate investment firm Inland Real Estate Group paid about $83 million for a residential community near Phoenix, which has set the pace for an increase in popularity across the country of single-family home rentals.Christopher Todd Communities, which specializes in the development of so-called build-to-rent single-family homes, sold its 313-home Christopher Todd Communities at Stadium to Inland for $82.9 million, or $265,000 per unit, according to public sale and loan documents.The single-story homes in the At Stadium community, located at 9999 W.