While residential real estate investors are often focused on attaining – and maintaining – steady incoming cash flow, property values are another essential component of your overall portfolio. So, it is important to be mindful of both current and predicted future trends.
In the Orlando / Central Florida real estate market, the impacts of rising interest rates have begun to surface. This, in turn, has caused a few significant shifts in this particular property market. Some of these include:
- Increases in housing inventory
- Price decreases on homes for sale
- Homes for sale spending more time on the market
- Decreases in new listings
As interest rates continue to go up, it could imply that the Central Florida real estate market is starting to cool off. Because buyers are becoming more cautious now, though, it could also signal a few key benefits for residential rental property investors.
For instance, many of the would-be home buyers are renting longer before they take the plunge into home ownership. This 2023 market trend has helped Central Florida to continue being one of the hottest places for investing in real estate.
Even if your rental real estate investments are all filled with good-paying tenants, though, it can still be time-consuming to manage and maintain your properties – and this could hinder you from focusing on other things.
With that in mind, it could be time to consider bringing an experienced property management team on board. Not only can a property manager take on tasks like collecting rent, responding to emergencies, and performing day-to-day maintenance, but they can also give your rental real estate business a professional look and feel.
So, if you own rental homes in Orlando and/or the Central Florida locale, give us a call and we can provide you with more details about how our services could work well for you and your investments!
Orlando Real Estate Market: Prices, Trends, Forecast 2022-2023. Noranda Real Estate Investments. https://www.noradarealestate.com/blog/orlando-real-estate-market/