Wellington vs Nearby Cities
Wellington boasts one of the more aggressive real estate markets along the eastern shoreline of southern Florida. The city’s median home price is often around $500,000, which is significantly higher than the median home value of around $350,000. These prices are much higher than those seen in most of the beach towns located nearby. For instance, median home prices are around $250,000 in Lake Worth and Boynton Beach. The median price can get close to $300,000 in West Palm Beach, and the best values are often found in the small town of Greenacres. Renters can expect to pay an average well under $2,000 per month for rental properties in this area.
Wellington Property Managers
Property managers handle tasks that property owners don’t have the time, desire or expertise to manage efficiently. This includes routine duties like rent collection and property maintenance as well as special circumstances like evictions and tenant screening. Most managers are real estate professionals with knowledge of the local housing market.
Wellington Property Management Company Fees
Property managers in Florida typically charge a percentage of the rent collected from all units included in the management contract. The average rate is often around 10 percent, but many property owners pay closer to eight percent. Most property management companies will offer customized rates, depending on the services requested and the condition of the property.
- Once a tenant vacates a rental unit and returns the keys, the landlord must return the security deposit within one month.
- Florida landlords can charge any amount for a security deposit when renting a furnished or unfurnished living unit.
- Tenants can sue a previous landlord for up to $5,000 in damages if their security deposit is not returned.