Real Estate Investors Shouldn't Frighten Out

Rents have grown at abnormally rapid rates since the pandemic started with 17.2 percent average annual growth levels recorded in February 2022. The current growth level of 9.6 percent as of October 2022 still points to an affordability squeeze for renters that will take some time to ease off. Investors should research the labor markets in their areas before setting rent prices and rent increases. An area largely unaffected by the rental affordability gap may yield an investor lower profits than a housing hotspot. But it will also deliver a steady income from a larger pool of renters who feel confident in their ability to pay rent long term.