[missourichad96]

I'm from Northern Virginia and I want to purchase rental property in the state, I want to know from any locals in the state what region is best for being a landlord in.

[FL_Expert]

Lakeland and Winter Haven. It’s a good value, good location, growing area, and far enough from the coast for a lower hurricane risk and lower insurance premiums.

[Chas863]

Originally Posted by missourichad96

I'm from Northern Virginia and I want to purchase rental property in the state, I want to know from any locals in the state what region is best for being a landlord in.

What type rentals are you considering purchasing?

Long Term (1 year plus)?

Intermediate Term (3 to 12 months)?

Short Term (2 to 12 weeks)?

Ultra-Short Term (less than 2 weeks)?


.

[bmw335xi]

Originally Posted by missourichad96

I'm from Northern Virginia and I want to purchase rental property in the state, I want to know from any locals in the state what region is best for being a landlord in.

Orlando in my opinion. The city just keeps on getting better. The theme parks will always keep it on the map. Real estate is more reasonable than most of South Florida.

[Ghaati]

I think it depends on what kind of landlord you want to be. Will you use a property management company to take care of the property, maintain it, troubleshoot issues that might occur if tenants damage the property? Or do you plan on living within a few minutes' drive of the property so you can take care of it yourself? If neither of the above, what kind of tenants are you planning on having? Short-term, long-term, do you care? Do you plan on renting it furnished or unfurnished?

All of these things factor into "where" to buy the property.

[kyle19125]

I would suggest Gainesville. It's the home of the University of Florida and has consistent need of rentals which can be geared towards graduate students/med school students to lower risk factors. It too is in the central part of the state so insurance for hurricanes/flooding at a state minimum. The college town aspect makes it recession-proof also in terms of holding value and demand.

[beach43ofus]

I have a unique niche rental market idea...not that I invented it, but very few people think of it.

When new master planned communities are built in FLA, they can take 10+ years to build out. It takes at least 6 months from contract to move in. During these 6 months, the new homeowners are very anxious to move into the new community, & meet new friends.

They'd love to rent in their new community whilst their new home is being built. Most of these new master planned communities have 6 month minimums, and 2x rental frequency terms.

People will pay above market prices to get into their new community. If they are building a new home, they are very likely credit worthy, & know how to care for a home.

You market your property mostly through the sales office, & their staff's, & of course in other places close by.

I'd rent furnished turnkey, & get an oversized garage for storage space w/ dehumidifier to keep stored items dry.

I'd include the landscaping, pest control, cable, utilities...everything included in the rent, to make things as ez as possible for tenants.

If I had done this as soon as I bought in FLA, I would have been cleaning up over the past 5 years, since I moved into a Master planned community.

The key is you must get into the community very early on, & survey the sales office to guage their opinion, & potential support for your idea.

[wizrap]

Originally Posted by kyle19125

I would suggest Gainesville. It's the home of the University of Florida and has consistent need of rentals which can be geared towards graduate students/med school students to lower risk factors. It too is in the central part of the state so insurance for hurricanes/flooding at a state minimum. The college town aspect makes it recession-proof also in terms of holding value and demand.

I am also going to suggest Gainesville for the reasons mentioned above. However, the OP really needs to do a cost benefit analysis to see if such a project is advantageous financially.

[beach43ofus]

Who do you rent to in Gainesville when school's out for the Summer?

[kyle19125]

Originally Posted by beach43ofus

Who do you rent to in Gainesville when school's out for the Summer?

Universities haven't been "out for the Summer" in quite some time. Some programs schedule classes through summer as part of the planned curriculum. Summer Terms are also usually needed to maintain pace for graduation or where certain class availability manages to happen. Some students will elect to take the more basic core classes over Summer due to condensed class time (six weeks versus twelve for instance).