As a whole, over the past 50 years, sales prices have increased when there has been a correction in the market. Here in Orlando, we are having an increase in both rental and sales prices. Both are trending up, and a lot of tenants are moving into the area. With the tenant pool growing, prices still great, and the interest rates staying low, it’s an excellent time to invest in Orlando rental properties.

Property Management Orlando: Competition

With the increase in qualified tenants, we sometimes have a scenario where there are multiple applications for the same property. This creates a sense of urgency for people who are looking at a property. They realize they need to apply right away or it will be gone. This competition is good for the rental market and its investors.

Cash Flow and Tax Benefits

If your property cash flows after expenses, it’s a perfect scenario. However, all investment properties have tax advantages and deductions associated with the rental property. An accountant can help you navigate the tax code and help you take advantage of everything you have. You might also want to consider using a self-directed IRA for your investments. If you’re purchasing one home or building up your portfolio, check into it.

Property Management Orlando: What to Buy

There are many desirable areas in Orlando where you can invest. Tenants look for a home that’s in good condition, as well as the neighborhood or location. If they are looking for a specific school district, that will matter a lot, and they might also want something that’s an easy commute to work. The tenants in Orlando might be looking at one or all those things. Once you’ve located a potential investment home, a good Orlando property management company can help you get the property ready for the rental market.

There are many great reasons to invest in the Orlando area. If you have any questions about investing or Orlando property management, please contact us at JML Realty Investments, LLC. We’d be happy to help you.