Orlando Rental Market is Flourishing
Orlando rental market is flourishing which makes it a fantastic time for residential property investors to enter the market.  Home prices are rising but wages remain stagnant.  This makes it difficult for many potential buyers to save enough for a down payment to buy a home. 

Because so many people are unable or unwilling to buy a home, the residential housing market has shifted from buyers to renters. Because of this, the demand for single and multifamily rental housing has increased significantly.

For those contemplating becoming landlords, the timing could not be better. Economics predicts that high demand results in shortage of supply for affordable and available rental properties for several years.  The demand for rental homes will drive rents higher and returns on real estate investments properties will be very attractive for any rental property investor who does their homework.

Improving Rental Market Trends

As of September 2016, the average rent for an apartment in Orlando was $1,338 per month. This is an increase of about 3.5% over the past six months. Residential rental rates have also climbed during the same period. These rental trends promise to provide increasing returns for property investors and those looking to purchase a rental property to supplement their income for the long-term.

Of course, where the rental property is located is very important. High demand neighborhoods such as the Central Business District, Lake Formosa and Baldwin Park will demand higher rents and with have corresponding higher purchase prices. Be sure to do your research before you buy any investment property. The location of your property will be critical to the return you will earn on your investment.

What about Short-Term vacation rentals?

The theme parks, proximity to beaches, and cruise ships, makes Central Florida a unique market for investors. There is a constant demand for residential renters and a high demand for vacation and tourist renters, too.

In 2015, about 66 million people visited Orlando. Many vacationers seek other options than hotels such as vacation or short-term rental homes. Orlando area landlords can consider short-term rentals to meet the demand for vacation homes as well.  Both options provide the potential for excellent returns on your investment.

There are several types of investment properties to consider. Private homes, condo hotels, condominiums, and town-homes are all property investment options worth investigating.  They are usually more affordable and are often in sought after locations. Smaller rental units will be easier to rent to undergraduates, young professionals or tourists.

If you are looking to purchase an investment property, perhaps this is a good time to make your move in the Orlando market the likelihood for an improving economy seems high.  Our company, Real Property Management Freedom, can help you find your investment property, and once it is purchased manage your property professionally. Our expert management services will allow you to enjoy the benefits and freedom of owning real estate without the headaches.  We find you qualified tenants, collect the rent, handle maintenance issues, and manage the property so you don’t have too.

As we have seen in the last 10 years, investing in real estate has its risks, so be sure to do your research to find the right property for you in the Central Florida real estate market and the unique investment opportunities that it may provide to you. 

 

 

 

 

 

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.