||# of Agencies
|Single House or Condo
|Home Owners Association
|Total Local Companies
Boca Raton, FL Rental Market Overview
Boca Raton, FL Property Management Companies
Centrally Located for Commuters, but Condo Conversions Create a Renter's Market
Always appealing to vacationers and retirees, Boca Raton also offers excellent schools and a convenient central location between Miami / Fort Lauderdale to the south and West Palm Beach to the north for commuters who work in both coastal metro regions. In 2012 four downtown apartment projects and a North Boca Village complex in the north brought over 1,600 rental units into the Boca Raton rental market, increasing the vacancy rate in the area. While some developers are expected to convert apartments back into condominiums as more buyers enter the market, the competition for new tenants is potentially challenging, especially for small landlords with limited resources.
Location, Location, Locationâ€¦ Marketing, Marketing, Marketing
Many large property investors are diversified in outside markets and can afford large advertising campaigns in and around the Boca Raton region. This popular strategy is difficult for independent investors and small landlords forced to make do with limited assets, especially if their ongoing expenses involve paying Boca Raton's notoriously high HOA fees. Do-it-yourself landlords shouldn't dismiss marketing as an option--exposure is vital to attracting tenants--but they should optimize their marketing strategies for the best returns at the lowest price. One of the most sensible solutions for this dilemma is consulting a property management professional. Most property management companies are staffed with real estate professionals who understand your market and know the most effective local marketing strategies through firsthand experiences. They can show you creative marketing approaches that go beyond Multiple Listing Services (MLS) and yard signs, including staging, curbside improvements and clever, informative online pitches. Explore all of your options and request your free instant property management quote today.