Jacksonville, FL: The Bold New City of the South
With 949,611 residents, Jacksonville is the largest city both by population and by area in Florida. It is the county seat of Duval County. Jacksonville is known for its extensive parks system and natural attractions. These include the Timucuan Preserve, Amelia Island State Park, Fort George Island Cultural State Park, Big Talbot Island State Park, Springfield Park, and Hanna Park.
Jacksonville also has an abundance of destinations centered around the arts and culture. Museums in this city include the Cummer Museum of Art, the Museum of Contemporary Art Jacksonville, and the Museum of Science & History. There are also a number of performing arts venues such as the Ritz Theatre and the Times-Union Center for the Performing Arts.
In addition, Jacksonville hosts a plethora of events throughout the year. Some examples include the Jacksonville Jazz Festival, Springing the Blues, the Art Walk, and the Gate River Run. The city is also home to one major league sports team — the Jacksonville Jaguars of the NFL.
How Is Jacksonville’s Rental Market?
Jacksonville has an attractive rental market. For one thing, the homes in this city are on the cheaper side. The median listing price for a home in Jacksonville is $173,200, which is 24% below the national median. Another thing that makes this city such a draw for property investors is its renter population. Out of all the residents, 44% are renters.
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Landlords can also charge a relatively high rental rate in Jacksonville. The median rent in this city was $1,121 in 2019, which is slightly above the national median of $1,097 in the same year. Rent has also been steadily increasing since 2012.
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As for vacancy rates, Jacksonville had a rate of 7.81% in 2019. Granted, this is above the national rate of 5.97% at the time. However, the city’s vacancy rate seems to dip and rise with every passing year.
Finally, Florida is a landlord-friendly state. Its landlord-tenant laws are not very comprehensive, which means rental property owners have more room to breathe. The state also prohibits laws on rent control and places no limitations when it comes to late fees.
Why Go with a Jacksonville Property Management Company?
Rental property management is not for everyone. Usually, landlords have a hard time balancing the many duties and tasks they must perform. This is exactly why a lot of people are afraid to invest in rental homes or units.
Enter a Jacksonville rental management company. With a management company, landlords can delegate their responsibilities to a certified professional. The manager or company will be in charge of everything, including finding and screening tenants, collecting rent, enforcing lease terms, ensuring proper maintenance, and processing evictions if need be. All landlords need to do is check in every now and then as well as wait for rental income to come in.
How do you know it is time to hire a rental management company?
- You own multiple rental properties that you can’t juggle all at once.
- Your rental property is located far from where you live or spend most of your time.
- You don’t know anything about how to properly manage your rental property.
- You don’t have enough time to manage your rental property.
- Rental management does not interest you.
Find Excellent Property Management in Jacksonville
There are countless landlords looking for professional help in Jacksonville. If you are one of them, Rental Choice is the place to start. Using our online directory, you can look for the best property management companies in the city or state of your choosing. You can also click on each company to learn more about what they offer and how you can get in touch with them. Begin browsing today!
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