Crestview is a great place to live. This Florida city is home to many superb schools, a diverse culture, good weather, and a thriving economy. Crestview residents also enjoy an affordable cost of living, plenty of job and housing options, and a plethora of outdoor activities.
With half of the resident population in Crestview consisting of renters, rental properties generate a lot of profit in the city. Property investors buy homes in Crestview for the purpose of renting them out either on a short- or long-term basis. For many residents, renting is a much more affordable option than purchasing a home. And, for rental property owners, renting is a great way to earn extra income.
There are about 8,336 properties in the city, with 72.9% consisting of single-family homes and 16.4% consisting of apartment complexes. The median rent price in Crestview is $987. On average, studio apartments rent for $525, 1-bedroom apartments rent for $1,183, and 2-bedroom apartments rent for $1,195. Moreover, 3-bedroom apartments rent for $1,300 and 4-bedroom apartments rent for $1,700.
But, maximizing your rental profits requires proper Crestview property management. This involves advertising your property, screening tenants, collecting rent, maintaining your property, and addressing tenant problems. Due to the heavy responsibilities associated with it, most rental property owners hire professional property management services. An experienced property manager can take over all of the usual landlord duties and keep your schedule free.
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