If you’ve been thinking about taking the plunge into real estate investing, then Florida – and Orlando in particular – could provide you with numerous benefits. In fact, according to a recent survey by Forbes (1), O-town was ranked as the third best U.S. location for investing in real estate.
There are several key reasons for this, starting with the growing population in the “Beautiful City.” Over the past few years, Orlando’s population grew by more than 7%, which now makes it home to over three million people.
What exactly is bringing in this plethora of new residents?
One of the main catalysts for the increase in Orlando residents is this metro area’s booming economy. And, more jobs means more people – and more people can equate to more tenants. This is particularly the case, as many people want to initially rent, before committing to purchasing a home. Here you will find demand for all types of rental housing, too – including single family homes, condos, and apartments.
Orlando real estate investors are not just finding positives with incoming cash flow, though. Investment properties in the Central Florida locale have, on average, appreciated by approximately 4.7%, with a three year appreciation rate currently sitting at more than 40%.
With that in mind, if you’ve been on the fence about whether or not to jump into the Orlando investment real estate market, now could very well be the ideal time.
That being said, any type of rental real estate can be time-consuming for the property owner. Just some of the demands on your time include property maintenance, rent collection, and tenant management.
The good news is that hiring a property management team to delegate these tasks to is easier than you might think. Want more information on how a property manager can make your Orlando real estate investing much easier? Just give us a call today.