While Orlando has traditionally been known as being the “happiest place on earth” – at least according to Disney – investing in this area’s rental real estate market can also put big smiles on the faces of property investors.
If you’re originally from Orlando, you are likely already familiar with the area’s plethora of great tourist attractions, which have long made Central Florida the number one tourist destination in the entire United States.
But, in addition to Disney World, Sea World, and Universal Studios – which all continue to expand their offerings regularly – there are a myriad of other key amenities that are not only drawing visitors to the area, but that are keeping them in Orlando as permanent residents.
For instance, job growth in the Orlando / Central Florida area has recently been expanding, and along with that comes professionals who are picking up these opportunities, in addition to the added incentive of the mild climate.
With its year-round sunny and warm weather, Orlando has also long been a highly sought after locale for retirees who are seeking out a place to golf on world-class courses and enjoy endless shopping – many of whom want a place to call home, without having to make a housing purchase.
So, what could make for a profitable Orlando real estate investment, yet without the need to spend a substantial amount of time managing tenants and maintaining the physical properties themselves? Working with an experienced Orlando property management team.
With a great property manager on your side, you can still reap the benefits of Orlando’s rising rental incomes, while spending your time doing other things. For more details on how to add a competent property management firm, as well as what to look for when making a hiring decision for this role, Contact Us.