I believe that we will start to see more and better tenants looking to rent our properties. I also believe that we will see rents continue to increase.

This is all because people that maybe should not have bought houses have now lost them to foreclosure and are now renters again. Also, many people that 2 years ago could have secured a mortgage with their bad credit or lower income can not.

Thoughts?

While I haven't seen an increase in rent for my single-family homes, I have seen higher quality applicants. The unemployment rate has threw a small wrench into the works regarding rent prices. Lack of jobs hurts everything all around.

Just watch out - some markets are starting to correct and the rents will start to come down in those. Prices are rising in places like San Fran though they are still dropping in FL and AZ.

Well, typically when money is scarce and Buyers have difficulty securing Loans, then yes, rents go up.. and rentals become in high demand.

Unfortunately, we haven't seen that yet, here in TX.

Builders and potential Sellers are renting out their homes instead of selling them, making for plenty of inventory at the moment.