The Best Cities To Own Rental Property In Florida

13 Replies

Thank you for sharing David  Given on  how expensive Tampa deals are,  We started looking for multifamily deals in Lakeland, but inventory is very low and competition remains high. 

I'm investing in Tampa, Orlando (and DFW) and found more value in those MSA but outside of the center. Lakeland is definitely one of those areas. Thank you for sharing the article!

I’ve loved the Lakeland auburndale markets for a long time now. We are continuing to look for properties & buy them but as a few have mentioned it’s become much harder to find the great deals. Rent demand is extremely high!  

Originally posted by @Adrian Smude :

I’ve loved the Lakeland auburndale markets for a long time now. We are continuing to look for properties & buy them but as a few have mentioned it’s become much harder to find the great deals. Rent demand is extremely high!  

 Lakeland does seem to be pretty desireable these days.  Zillow seems to think that at least some of the zip codes will increase by alot next  year, if you can rely on their predictions. What kind of return are you getting on rentals? 

Originally posted by @Account Closed :
Originally posted by @Adrian Smude:

I’ve loved the Lakeland auburndale markets for a long time now. We are continuing to look for properties & buy them but as a few have mentioned it’s become much harder to find the great deals. Rent demand is extremely high!  

 Lakeland does seem to be pretty desireable these days.  Zillow seems to think that at least some of the zip codes will increase by alot next  year, if you can rely on their predictions. What kind of return are you getting on rentals? 

Lakeland is getting a lot of national spotlight for being a great rental market.  (I wish it wouldn't because that just drives prices up).  We have rentals with all different returns, but I'll say we've been selling anything that makes a single digit return.  

Originally posted by @Adrian Smude :
Originally posted by @Margaret Cooperman:
Originally posted by @Adrian Smude:

I’ve loved the Lakeland auburndale markets for a long time now. We are continuing to look for properties & buy them but as a few have mentioned it’s become much harder to find the great deals. Rent demand is extremely high!  

 Lakeland does seem to be pretty desireable these days.  Zillow seems to think that at least some of the zip codes will increase by alot next  year, if you can rely on their predictions. What kind of return are you getting on rentals? 

Lakeland is getting a lot of national spotlight for being a great rental market.  (I wish it wouldn't because that just drives prices up).  We have rentals with all different returns, but I'll say we've been selling anything that makes a single digit return.  

I was going to buy in Lakeland and looked at numerous properties, however, in my opinion if the city is making the national news as a great investment, rental, place to live, or anything else then the gravy train has already left the station, hence why I haven’t found a deal there that isn’t in a D class area that makes money to the level I am looking for. 

As an agent in Palm Beach County, I have a few investors looking at some hot and very affordable (sometimes already rented for a year) condos in Boynton Beach with lower HOA fees. It always comes down to doing the due diligence and working with someone... either an agent or very trusted friend to check out the neighborhood and communities. And yes, it's tricky to find the right places that are not in a D neighborhood!

There's always deals if you know where and how to look. ;-) 

@Share Ross hope all is well my friend. Low HOAs in Boynton, that really is a gem! I'm about to list one of my higher HOA properties, 3/2 townhome in boynton if you have any retail buyers looking.

Come visit us at another meetup!

Hey @Mitchell Jaworski ! Let me know about your townhome... I always have investor clients. I also have buyers who might be interested. (Send me a PM or email!) 

Re: meetups... man... every single one I've been out of town. It's UNREAL!