The Fort Myers Rental Market ranks number 5 in the U.S. along with five other Florida cities ranking in the top 10.
According to a recent review of real estate investment opportunities showed that the best opportunities are heading towards warmer climates. eal estate investment opportunities shows that the some of the best opportunities may be headed South. The fourth-quarter analysis of “Best Markets to Invest in Rental Property” places Daytona Beach, Fort Myers, Orlando, Fort Lauderdale and Tampa all ranked in the top ten markets to invest.
The ” Best Markets” is updated quarterly by Local Market Monitor and reviewed by Home Vestors of America ( We Buy Ugly Houses ® Company ) . It is the only regularly researched, reliable national ranking of the expected future performance of homes maintained as rental properties.
“We think Florida is one of most interesting states in terms of rental property opportunities,” said Ingo Winzer, president and founder of Local Market Monitor, Inc. “That’s because home prices haven’t bottomed out, and rents will eventually be supported by renewed population growth.”
David Hicks, co-president of HomeVestors, noted that the list can be used by investors looking to expand or start their single family rental portfolio.
“We think this is the best opportunity for investors to accumulate rentals in the last 30 years,” he explained. “We’re seeing a surge in activity from our franchisees, especially since financing rental properties with lenders such as CFAM ResCap increase their ability to buy, rehab and hold cash flowing rental properties.”
The Fort Myers rental market along with Cape Coral and Lehigh Acres have seen a surge of investors form all over the world taking advantage of the market situations.
“We advise our franchisees and their investors to take advantage of the changes in markets like Florida which only a few years ago did not offer the opportunity to acquire cash flowing rentals,” Hicks explained.
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Source: GlobesSt.com
