Ocala Florida Rentals Opinions
Good day Everyone,
Hope everyone is having a great end of the year :)
Anyone on here invest in long term rentals in the central Florida area? Particularly Ocala, Orlando, Gainesville. When I look north Florida area I see lots of rentals sitting 90 plus days. I was told by one realtor to expect 4 plus months to get a unit rented.
All my rentals are in the South Florida area currently and looking to expand to other places. But down here at least last time I listed (full occupancy as of now) 60 days was the longest it's ever taken me.
Would love to hear anyone's experience with the area.
Thank you for your time.
Most Popular Reply
I work with a number of investors that have properties throughout the state. I also have a number of units myself in SW Florida. The rental market has slowed and has soffend in price over the last year. Most of the PMs that I talk with recommend trying to keep good tenants even if you have to lower rent.
What I have seen is that things are renting ( and selling for that matter) if they are priced right. All the investors that i have worked with this year have full units right now. We did not see any of the new builds we acquired sit for more than 60 days.
I have had very good luck with our properties in Ocala. It is a strong market that people and jobs are still moving to.
Hope this helps.
Best of luck.