There’s no time like the present for homeowners who are considering listing their home for rent by owner (FRBO) in South Florida.
RentRange, a real estate analytics company specializing in the Single Family rental sector, published home rental statistics for the South Florida market in 2016. Among the major findings in its report on South Florida’s rental market is the fact that rental rates are slated to continue this rise in monthly rental rates well into 2017.
Neighborhoods in the South Florida area topped charts nationwide for its rental activity; the Miami-Fort Lauderdale market, for example, earned a spot among the top 25 fastest rent increases across the country.
Homeowners in Ft. Meyers will also be excited to know that rental homes in that area had rate increases higher than South Florida’s average – a whopping 10.9 percent!
Other notable area of rental rate growth in Florida’s home rental market include:
- Daytona Beach – 7.7%
- Tampa-St. Pete – 5.8%
- Lakeland – 5.0%
- Orlando – 4.8%
List your home FRBO and save even more!
With the increase in rental rates in South Florida expected to continue into 2017, homeowners have all the more incentive to list their homes for rent. While a 7% increase in rental rates sounds like a blessing, homeowners may be worried about the costs involved with listing their home and finding a qualified renter.
A solution? Use beycome! List your home for rent by owner (FRBO) and take advantage of our awesome tools and live support to help rent out your home quickly. This helps you take advantage of the rental rate increases in South Florida while also saving you money on commissions and fees by listing with a real estate agent.
Check out our Homeowners section to get more information on the FRBO process and how you can rent out your home quickly, safely, and most importantly, FREE!