BiggerPockets Real Estate Podcast The Overlooked “Upside” That Will Make Future Landlords Rich
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Mar 7, 2025 Chris Salviati, a senior housing economist at Apartment List, dives into the often-missed upside of real estate investing: rent growth. He explains how fixed-rate mortgages can lead to increasing profits as rent rises over time, while payments remain the same. The discussion includes insights into the pandemic's impact on rental prices, trends in the Sunbelt real estate market, and future predictions for rent growth. Will we see a return to pre-pandemic rental highs? Chris provides data-driven insights on where to watch for the best opportunities!
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Normal Rent Growth
- Normal rent growth roughly tracks overall inflation.
- Think 2.5-3% growth, similar to 2018-2019 levels, as a baseline.
Pandemic Rent Fluctuations
- The pandemic era drastically disrupted rent trends, from initial dips due to household consolidation to an 18% surge in 2021.
- This surge was driven by renewed rental demand and disrupted construction, followed by a cool-down with increased supply and inflation.
Multifamily vs. Single-Family Rent Trends
- Multifamily supply glut is impacting rent prices, requiring landlords to compete by lowering prices.
- Single-family rentals are experiencing stronger rent growth, potentially due to challenges in the for-sale market.
