Fort Myers, FL: City of Palms
Fort Myers has an estimated population of 87,103 residents. It acts as the county seat of Lee County. Fort Myers is known as a popular tourist destination, effectively serving as the gateway to Southwest Florida. Notable attractions include the Calusa Nature Center and Planetarium, the Edison and Ford Winter Estates, and the Murphy-Burroughs House.
Fort Myers also has a historic downtown area, the city’s waterfront entertainment district with many shops, restaurants, and bars. Residents and visitors also enjoy spending time at the Imaginarium Science Center, Edison Mall, and the Southwest Florida Museum of History.
Another distinguished attraction is the City of Palms Park, where the Boston Red Sox used to use as their spring training ground. Colleges and universities located in the area include Hodges University, Keiser University, and Nova Southeastern University.
The State of Fort Myers’s Rental Market
The homes in Fort Myers are quite affordable. Here, the median home listing price is $226,700, only coming in at 1% below the national median. This makes it an attractive place for those looking to invest in rental property. Additionally, Fort Myers has a large renter population. In fact, half of the residents in this city rent their homes.
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Aside from affordable homes and a wide pool of renters, Fort Myers offers decent returns to property investors. Tenants pay an average rent of $1,618 in this city, which represents a 25% year-over-year change. To break it down even further, 41% of homes fall between the $1,001 to $1,500 rental range, and another 41% fall between the $1,501 to $2,000 range. Only 5% of apartments command a rent between $701 to $1,000.
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To top it all off, Florida is a generally landlord-friendly state. Here, the landlord-tenant laws are not very defined, giving landlords more room to breathe. The state also does not have any rent control laws and provides no limits when it comes to late fees.
How a Fort Myers Property Management Company Can Help
Fort Myers sees new residents every year. While some of these new residents buy homes, others look for a place to rent. Property investors can capitalize on this demand, but buying a rental property is completely different from managing one. Most of the time, landlords end up selling their rentals because they can’t keep up with their duties.
Whether you lack time, expertise, or interest in property management, a Fort Myers rental management company can step in. With professional assistance, you can pass on all of your duties to an experienced manager. They will be the person to ensure your rental home or unit finds a tenant, makes money, and stays in good condition. The following are just some of the responsibilities a management company can assume:
- Rental property advertising
- Tenant screening
- Property showings
- Rent setting and collection
- Lease agreement preparation
- Routine inspections (including move-in and move-out inspections)
- Lease terms enforcement
- Maintenance and repairs management
- Tenant support
- Budget management
- Tax preparation
- Eviction assistance
Looking for Property Management in Fort Myers?
If you are in need of professional rental management in Fort Myers, Rental Choice is the first place you should check. We have a comprehensive online directory of established and reliable property management companies. Search by location and narrow down your options with our help today.