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Updated 10 months ago on . Most recent reply

User Stats

7
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3
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Alexander Mir
3
Votes |
7
Posts

Long Term Rental Investment

Alexander Mir
Posted

Hello Bigger Pockets Community,


I was interested in investing in a long term rental property in the near future, but live in Miami Fl. Where the property values are way too high to invest in. I was looking at the Davenport and Kissimmee areas where you can still buy a brand new house in the low $300k's. I would prefer a brand new or newer home as I would be managing it from Miami and rather not use a management company. I was wondering how the market was for long term rentals in those areas. I see a ton of people talking about STR but nothing about LTR.

Is there good demand for LTRs in these areas?

I noticed Amazon has 5 facilities in Davenport this should help provide renters with pretty solid employment. Any thoughts?

Should I be concerned about all the failed STRs turning to LTRs and flooding the market along with all the new construction?

I am a bit concerned about the quality of the schools in the area as I know that affects families staying long term in an area.

Thank you in advance! 
Alex

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