Rental demand is crazy right now

[Max T.]

In 11 years I’ve never seen demand like this. HBU?

[Nathan Gesner]

I've been managing for 11 years and currently have about 400 rentals and 350 storage units. Packed full. Everything rents fast, often the day it hits the market, and we're definitely more picky and charging more. Every storage facility in town has waiting lists.

The same is happening with home sales. 

Have you tried buying a car lately? Our local dealer said new car inventory is down 70% and used car inventory is down 50%. It's strange to drive past the dealerships and the lot is not even 1/10th full.

Have you tried buying an RV or camper lately? New units are almost non-existent. Used units are selling fast and for top dollar.

Isn't it interesting that people have money to buy new homes, new cars, and luxury items like campers and RVs when 2020 was the worst economic year in recent history? I think there were certain segments of society that suffered, but a lot of people did better in 2020 than we've been told.