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Region Sees High Demand for Single-Family Home Rentals
Wagner Realty's Property Managers are on the hunt for single family rentals – especially beachfront properties. People are flocking to Florida and there is a shortage of rental properties throughout the Sarasota/Manatee region. If you are considering selling your home, you may want to consider renting instead, as the benefits of renting may outweigh the advantages to selling. Here are five reasons you may want to consider renting your property:
1. Long-Term Equity Growth
Local real estate trends point to larger returns and extra cash flow for property owners who have chosen to become landlords. Rental prices continue to surge. What your house will be worth for rent or sale depends on your mortgage specifics and the long-term housing market, so it's best to consult with a Realtor concerning your specific circumstances. That said, the Florida housing market continues to grow with the median sale price of existing single-family homes rising steadily over the last 10 years.
2. Retirement Income
If you retired to Florida, but plan to travel renting your home may provide steady retirement income. If you can consistently rent your house for more than your mortgage payment and property management expenses, renting may be an excellent option. It's also important to consider annualized tax benefits, real estate appreciation and refinancing opportunities when making the decision to rent a property. When you eventually sell your property, the odds are good that you will realize an excellent return on your investment.
3.Tax Shelter
There are many tax benefits to those who own a rental property. You can write off numerous expenses, including renter's warehouse fees, utilities, repair costs, mortgage interest, and property taxes, just to name a few.
4. A Safe Harbor During Times of Inflation
For many, owning a rental property provides the security of a relatively safe investment and asset during periods of high inflation. Rental properties historically continue to gain value even when inflation is high, while also creating a source of cash flow
5. Your Own Vacation Property
It's no secret, people flock to this beautiful area from all over the world. Our pristine beaches and sublime weather are what many dream of! One of the great perks of having an income property here is that you can use it as your own vacation destination and rent it out when you are not here.
If you are thinking about renting your property, it's a good idea to engage a property manager.
At Wagner Realty, our property managers are experts in the field. Wagner Realty has been serving the Manatee and Sarasota market for more than 80 years, and we work with a team of maintenance experts to keep your home beautiful, providing peace of mind for both landlords and tenants. Our goal is to protect your investment and keep your tenants happy by being readily available and responsive.
Wagner Realty's Property Management services are designed for annual rental properties and seasonal or vacation rental homes & condos. Our property managers provide a full range of services, including everything from advertising on multiple websites, to screenings and showings, to lease preparation and both monthly and year-end accounting services. We oversee maintenance, including preventative, landscaping and pool service, hurricane preparedness and property inspections. To learn more about Wagner Realty's Property Management Services, contact your nearest Wagner Realty Property Management/Rental Office:
Corporate/Commercial: 3639 Cortez Rd W ▪ Ste 200 ▪ Bradenton, FL 34210 941.727.2800
Anna Maria Island: 2217 Gulf Drive N ▪ Bradenton Beach, FL 34217 941.778.2246
Longboat Key: 5360 Gulf of Mexico Dr #101 ▪ Longboat Key, FL 34228 941.383.5577
El Conquistador: 3403 El Conquistador Pkwy ▪ Bradenton, FL 34210 941.751.0670
West Manatee: 7411 Manatee Ave W #100 ▪ Bradenton, FL 34209 941.761.3100
East Manatee: 5215 SR 64 East ▪ Bradenton, FL 34208 941.741.2500
Lakewood Ranch: 11121 SR 70 E ▪ Lakewood Ranch, FL 34202 941.756.7800
Sarasota: 1440 First Street ▪ Sarasota, FL 34236 941.955.1500