Orlando vs Nearby Cities
The median listing price in Orlando tends to stay below $300,000. This is a bit higher than the listing prices seen in most surrounding cities. For instance, the median listing price in Kissimmee tends to stay below $250,000. This city is less than 20 miles south of Orlando, but both cities are major tourist attractions. If you venture about 25 miles north of Orlando to Deltona, the median listing price drops below $200,000. While the value of homes in Orlando and Kissimmee are about equal, the median home value in Deltona is significantly lower.
Orlando Property Managers
Property managers in Orlando can do more than collect rent. They can take charge of your rental property so that you have more free time. They interact with your residents in a professional manner, oversee repairs necessary to maintain your property and may even help you determine rental rates, recruit tenants and advertise effectively.
Orlando Property Management Company Fees
Most property managers will charge you a percentage of the rent collected from your property each month. In many cases, this rate will fall around 10 percent. When comparing quotes from multiple management companies, make sure that you’re comparing rates for similar services. Also ask about added fees that may come up in the future.
Florida Landlord/Tenant Laws
- Once a tenant vacates a rental unit in Florida, the landlord has one month to return their security deposit.
- When a landlord fails to return a security deposit, the tenant has the option of taking the landlord to small claims court. They can sue for up to $5,000 in damages.