Orlando is number 103 of 150 cities for rental affordability. Which means rents are higher compared to incomes in Orlando than other parts of the Nation. And as many folks moving to Orlando figure out very quickly, the rental market is super competitive.
Here is what renters are up against in Greater Orlando...
Yesterday I spoke with a property manager about a listing he placed Thursday in Davenport for $1650/month and over the weekend they received 50+ inquiries and took several applications. The problem is it will take several days for the applications to be reviewed and eventually a lease will be signed, all the while the property will remain actively advertised giving people who are searching through very limited rental inventory false hope and frustrating them more when they can't get their calls and voicemails returned!
On the flip side, Orlando is number 15 for quality of life!!! Your best bet to enjoy the Orlando lifestyle is to buy a home as soon as possible. It is much cheaper than rent and there is less competition. You can even buy a new-build, never-been-lived in home for less than renting. Friday my client closed on a NEW 3 bed 2 bath townhouse with a single-car garage with 0 downpayment and $1320/month PITI. The same home rents for $1500/month payment. She is moving out of her $1700/month apartment on Saturday.
Give me a call at 407-494-6030. I give a free Home Rental & Buyer Consultation that will help you in your given situation.
Check out these new build homes in Davenport, that can be less than renting.
EXIT Realty Champions', Champions Gate Real Estate Office, by Reunion Resort Orlando, is a full service Real Estate Brokerage Office in Champions Gate, Davenport 33896, next to Reunion Resort in 34747. Search for homes for sale with our Realtors, local experts in Champions Gate, Reunion Resort, Kissimmee and Davenport FL. This being the main area for resort vacation homes that can be rented out to meet the Disney World Orlando>, Universal Studios and other theme park market.
Alternatively, if you are looking for a new place to live, Our Realtors can help you find the perfect home in the Orlando, Kissimmee, Davenport, Clermont area known as the Four Corners, where Osceola, Lake, Orange and Polk Counties come together, Next to Disney and the Theme Parks.
EXIT Realty Champions' Realtors in Champions Gate, have a cutting edge Digital Marketing Strategy to help you sell your home for top dollar available in today's demanding market.
Rest assured that EXIT Realty Champions will Champion your housing needs, whether buying or selling one of the biggest investments you have, your home.
Can I Afford the House I want?One mistake young homeowners make is ove
"Steve Humphries was great to work with. Personable and knowledgeable. He helped us zero in on homes that met our criteria for a vacation rental property and negotiate the minimum price that actually got us the house. It is now a profitable, positive cash flow property that has already had an uptick in value. Steve was very helpful to us as Canadians buying in the US in terms of providing advice we needed and accommodating our last minute travel schedule. I expect to use Steve again personally for any additional revenue homes in the Davenport & Champions Gate area and have recommended him to friends. Well done Steve!"