|Specialty||# of Agencies|
|Single House or Condo||33|
|Home Owners Association||9|
|Total Local Companies||45|
The average rent for a 3 bedroom house in Orlando, FL is $1,380.00. When you receive your requested free market assessment, compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.
Orlando, FL Rental Market OverviewLike most metro areas in the United States, rental housing demand centers around the Orlando core, an area that includes Maitland, International Drive and Lake Nona Medical City according to the Marcus & Millichap 2013 National Apartment Report (NAR). Orlando vacancy rate 5.2% that exceeds roughly 75% of the American markets in their index.
Orlando's hospitality and leisure sectors fared best for employment, followed by education and health care. Â Marcus & Millichap also pointed out that like most metro areas in the United States, rental housing demand centers around the Orlando core, an area that includes Maitland, International Drive and Lake Nona Medical City. Property owners holding assets beyond this region may find that it's challenging to attract tenants who prefer the conveniences of Orlando's urban amenities.
Make Your Orlando Property Stand Out
You already know the real estate maxim regarding 'location, location, location' but holding rental property assets outside Orlando's core isn't a monumental setback, especially if you know how to market to your most apparent demographic.
Many real estate professionals employed by Orlando property management companies track tenant and neighborhood information for their existing clients and potential new investors. Because these property management companies already service multiple Orlando clients, they can use their experience to show you the most effective channels for exposing your rental property to prospective tenants. They also offer other services to help you manage your workload, including property showings, rent collections, ongoing maintenance and fiscal reporting. Keep pace with your competition.