As with many areas in the United States, rental demand continues to climb in Destin, Florida. The latest data from the Federal Reserve suggests that now is a great time to be a property owner since during the last three months of 2015 property owners’ rental income added up to about 4.3 percent of the U.S. national income. Meanwhile, key takeaways from the “Emerging Trends in Real Estate” report published by the Urban Land Institute and pwc has us looking forward to successful investments for properly managed rental assets.
It is important to be aware of changes to real property law and contract law. Perhaps what is more valuable is to have a lease reviewed by a lawyer who specializes in landlord/tenant law. Our management professionals always make use of a carefully worded Destin, Florida lease agreement that has been reviewed by an attorney.
As a member of the Armed Forces in the Destin area, if you’ve been issued transfer orders, you may be wondering what you’re going to do next with your home. With a shaky real estate market and not a lot of time to spare, you may be hesitant to try selling your property. And what happens when you return to the Destin community in the future?
One common choice for members of the Air Force and Armed Services is to hang on to the property and let it work for you. Here are some of the top reasons for renting your property instead of selling it: