|Specialty||# of Agencies|
|Single House or Condo||177|
|Home Owners Association||45|
|Total Local Companies||220|
Florida Rental Market Overview
Florida Still Ranks as One of the Hottest Rental Markets for Single-Family Homes
While many Americans associate Florida properties with retirement, the Sunshine State is one of the best places to invest in rental properties, especially single-family homes. An April 2013 report published by RealtyTrac Inc. noted that seven of Florida's housing markets ranked among America's top 20 metro regions for single-family rental investments, and the Orlando metro area ranked high for best returns. In another report published by the same company in September 2013, the Florida counties of Alachua, Santa Rosa and Escambia all received accolades as the "Top 25 Hidden Gem Single-Family Rental Markets." Texas was the only other state with three counties on the list. While large institutional investors often gravitate toward building Class A luxury rental units around Miami Beach, Fort Lauderdale and Orlando, independent or do-it-yourself investors can still find affordable single-family residences in suburban areas that yield reliable returns.
Florida Property Management Companies Offer Small Investors a Competitive Edge
Many small landlords or independent investors manage their property investments as a side project or to supplement their retirement income. While popular in principle, this business strategy can sometimes feel overwhelming, especially if you're mired with showing properties or screening applicants, or continually confronting the ongoing maintenance routines frequently associated with older properties. Even small investors with new single-home properties often struggle to compete against large multi-unit developments staffed with full-time property management personnel. That's why you should consider the benefits and advantages of teaming up with a local property management company in your area. Property managers are often real estate professionals who know the most effective marketing strategies for rental properties. They frequently have access to important search tools for conducting background checks while screening potential tenants. A property manager can also connect you with proven and affordable contractors for your ongoing maintenance needs. Read more about the Florida property management companies in your area and request your free information today.