Several days ago, I did my mid-year update on SW Florida Real Estate. One of the items I mentioned is that investors are not as plentiful because market prices were climbing. Flipping is not as popular and now is the time to adopt a “hold” investment strategy.
An article in Sunday’s Fort Myers News-Press, re-emphasized this idea with interviews of developers that are building apartments again and renters looking for housing. (read “apartment complexes“). One of the renters had recently sold his house to rent again. All the renters in the article had the same comment, basically, nice apartments at a good price were hard to find.
My office does leasing. Houses and condos have waiting lists in the Fort Myers and Cape Coral, Florida markets. In the
few weeks, we have posted 7 rentals on our site. All received dozens of calls and emails for information. The market savvy renters ran by our office with completed applications and application fees. All of the properties were leased the same day as the ad posted.
I have 2 houses I am rehabbing that would make great rentals. I have “For Sale” signs on both but almost daily, I get calls asking if the owner would rent. (Check them out here)
With this demand, I will be posting several more blogs about buying rental properties, selling rental properties at a profit and how to use crowdfunding to take down larger cash flow properties. Subscribe to this blog so you do not miss anything!
Mike Cathell,
Broker/Owner, Investment Property Consultant
Real Estate Services of SWFL, LLC
Investment Property Strategies 