2009 was a brutal year for Florida Real Estate. The helped to create an amazing apartment rental opportunity. This trend seems like it will continue because many areas of Florida there are abundant condos still on the market. The apartments that are sold need to be rented out and even the ones that are not sold will end up being rented out.
As developers, and investors, realize that selling the apartments at a huge loss is, well, a loss, they will shift to renting out these apartments in the popular areas of Florida. This will create a great opportunity for the potential renter in Florida.
The rents will trend downward Statewide but the real opportunities will be the less than premium regions on Florida that many investors speculated on. 2010 is a great year to be in the market for an apartment rental.
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Let's just hope 2010 will be much better than 2009. I've been looking for apartments in Simpsonville, South Carolina and I haven't had that much luck, until I've gotten in touch with the Rohman Group. They are the ones that help people get beautiful and reasonably priced apartments for rent in Simpsonville.
ReplyDeleteWhen the economy is so poor these things can happen. When signing an apartment rental agreement and one doesn't see a concession it is not necessarily the landlord's fault. Things usually happen in a cascade format. The property taxes could have increased as well as the facility upkeep. One just has to look at the larger picture to understand things better.
ReplyDeleteI agree with jimfavreur. When signing an apartment rental agreement and one doesn't see a concession it is not necessarily the landlord's fault.
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