Rental properties in Jacksonville, FL

[Shalabh Jain]

Hi All,

I own some rental condos in WA. Now i am looking for similar rental properties in Fl.

I feel Jacksonville might be good as its a big city, so more rental pool, yet not as expensive as Miami to own.

I have following questions for anybody local:

a) what are typical property management fees there. Being out of state, i would need one.

Typically in WA/CA, its 5%-10% per month only. No additional fees.

b) Do the condos there have rental caps? They are quite common in WA

c) Do the condos frequently have special assessment ? Again, quite common in WA

d) Any advice on Jacksonville specifically ?

e) Any other word of advice from fellow investors for such out-of-state properties ?