Fort Lauderdale experiences an average of 3,000 hours of sunshine per year, making it among the top choices for vacations in Florida. It has a diverse community, good schools, and a booming economy, to boot.
About 53% of the residents in Fort Lauderdale own their homes, while 47% rent their homes. There are roughly 74,160 homes and apartments in the area. Out of these, approximately 46% are apartment complexes, 36% are single-family homes, and 11.5% are small apartment buildings. The average rent price in Fort Lauderdale is $1,780 per month. Broken down further, studio apartments have an average rent of $1,647, 1-bedroom apartments go for $1,700, and 2-bedroom apartments go for $2,200.
The demand for rental properties in Fort Lauderdale is remarkably high, especially since it is a popular destination. After buying your rental property, the next step is managing it properly. Poor rental management can inhibit your ability to profit from your investment. It can even get you in trouble with the law.
This is where professional property management services come in. With help from a Fort Lauderdale property management company, you can rest assured knowing your rental property is in good hands. A property management company will take care of all the necessary tasks normally required of a landlord, allowing you to breathe easy and have more free time.
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