Finding the Best Rental Properties in Orlando

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Finding the Best Rental Properties in Orlando

Finding the Best Rental Properties in OrlandoIf you’re just starting out in your real estate investment career – or even if you’ve been at it for some time – there’s good news if Orlando is where you hold the bulk of your rental property. That’s because even though the demand for single family homes in the state of Florida have been on the rise for a few years now, according to the Real Wealth Network, it is still possible for investors to pick up fully renovated homes – as well as in desirable neighborhoods – for under the $120,000 mark.

Yet, even with the wide array of bargains, there are many people who are still choosing to rent rather than buy. So, as icing on the cake for property investors, these homes can oftentimes be rented for 1% of their purchase price.

As an added benefit, many of these properties also command low property taxes. Plus, with no state income tax to contend with in the Sunshine State, the list of benefits for focusing on Orlando as a prime rental real estate mecca just keeps getting longer.

Outside of the housing market alone, there are several other factors that make the Orlando and Central Florida extremely appealing – and in turn, potentially profitable for those who own rental housing.

For example, based on Real Wealth Network statistics, metro Orlando is the fourth largest metro area in the U.S. – as well as the 16th fastest growing metro area in the U.S. overall. And, just since the year 2000, the population of Orlando proper has grown by more than 40%.

If you want to take part in the benefits that can be attained by owning investment property in Central Florida, but you don’t have the time that it takes to maintain the structures and manage tenants, it can be beneficial to hire a property manager and delegate those time-consuming tasks. For more information on how to coordinate your rental properties with an experienced property management company in Orlando and the surrounding area, Contact Us.

2018-01-17T20:28:53+00:00 By |Investing, Orlando Landlord Tips|

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