Nearly every rental type and tenant type can be found in Central FL. By that I mean the type of property to invest in for a rental and the type of tenant that will be paying you money every month. With the exception of gulf front property and ocean front property you can find everything else in the greater Orlando area.
As an investor you probably already have a vision of the type of rental property and tenants you are after. As a potential investor you should be learning the pros and cons of the various types. In Orlando you have college areas with students who lease nearby and of course Disney with employees who need to live nearby and visitors who rent homes for short terms. You also have very high-end rentals of every type when you consider areas like Reunion, Windermere, Winter Garden and near the downtown portion of Orlando.
Those who are really in the business seek out the fastest growing areas and target traditional single-family homes. Areas like Horizon West, Windermere FL and Lake Nona are definitely the best choices here and will be for the next decade at least. High rent prices, sales prices and lots of area to grow definitely make them worth looking into.
There are more risks and it takes more involvement with short term rentals. When Covid hit the short-term rental market was devastated except in a few communities which allowed for long term leasing. Colleges have a lot fewer students in the summer and there are other reasons why fewer landlord target properties that lease to students.
The best way to lower your exposure to risks is by using us as your property management company. We have been here for a long time and will be around for even longer. We know the area and local markets very well and would love to assist you with any type of rental property and tenant you choose in the Central Florida area.