If you have a duplex in Florida and you are considering making it available for rent, there are several things you need to know in advance. The good news is that the rental market in Florida is massive. Many people prefer the idea of renting over buying because it offers them more flexibility and affordability. Young professionals and couples often do not want to be tied down to a mortgage yet and many retirees prefer the freedom a rental offers them.
Compared to other rental options, such as apartments and houses, duplexes are often popular with prospective renters in Florida. The reasons for this are numerous, including the fact that a duplex offers more privacy than an apartment and a lower price than a house rental. Given these benefits, landlords who have duplexes for rent in Florida will find they have a great target market.
Before offering your duplex for rent; however, there are some decisions you need to make. One of those decisions is how much you will charge for rent. Prior to setting your rental price, it is a good idea to conduct some research regarding the going rental prices in the area where your duplex is located. Naturally, rental properties located in cities such as Orlando, Miami or Jacksonville tend to be higher than smaller area. Also, there are other factors that can affect the going rental rate for a duplex, such as size and amenities offered. Conducting research ahead of time is a great way to find out how you can reasonably charge for your Florida duplex rental.
Also, it is important to make sure you properly advertise your duplex to gain the most exposure possible. While there are ample prospective renters in Florida, there are also many competing properties. Most prospective tenants today begin their search for a rental online. If you want to make certain you attract qualified tenants it is crucial that you ensure you are marketing your duplex rental online. In your advertisement, focus on important factors, such as the location of your duplex. If you are located within close proximity to the beach or entertainment venues, be sure to mention it. Also, point out other amenities, such as the presence of a swimming pool. Finally, don't forget to mention that a duplex is often an affordable alternative to a house rental while providing more privacy than an apartment.