As a real estate investor, you are likely to have as a primary goal a positive income stream produced from your property investment(s). According to the Real Wealth Network, in 2017 – 2018, the median monthly rent in the Orlando area is $1,122, with an monthly cash flow of $740 (after expenses, and without mortgage financing).
This monthly rent figure equates to roughly .92% of the property’s purchase price, and currently stands at 24% above the national average of .72% of the purchase price of the real estate investment.
Over the past decade and a half, the population of Orlando has expanded exponentially. One of the primary reasons for this is both current and anticipated future job growth. Just some of the area’s largest employers include Chase, SunTrust, Publix, Universal Orlando, and Walt Disney World.
Also, due in large part to its warm year-round temperature, as well as its proximity to theme parks and other well-renowned attractions, the Orlando / Central Florida area can provide a great opportunity for real estate investors. But this can also come at a price for property owners who act as landlords – primarily in terms of time spent maintaining and managing your investment(s).
Do you want to delegate the time-consuming duties of advertising, tenant screening, rent collection, and maintenance and repairs?
If so, contact Incentive Properties. We offer full service property management. With our professional property managers on call 24 / 7, you can be relieved of the stress and time commitments that rental property ownership requires, while at the same time still collecting income and building equity.
Incentive Properties is located in Altamonte Springs, and services rental properties throughout Orlando and the entire Central Florida area. Give us a call today at (407) 279-1876.