St. Petersburg, FL: Florida’s Sunshine City
Located in Pinellas County, St. Petersburg has an estimated population of 265,351 residents. This makes it the fifth-most populous city in Florida. Nicknamed “Florida’s Sunshine City,” St. Petersburg is known for year-round great weather. In fact, the city boasts an average of 361 days of sunshine every year. This, coupled with a low cost of living, make St. Petersburg a popular destination for retirees.
St. Petersburg, known fondly as simply “St. Pete,” also has a thriving arts and culture scene. The city is home to several museums such as the Dali (Salvador Dali Museum) and the Museum of Fine Arts. There are also many nature-centric attractions like the Sunken Gardens, Fort De Soto Park, and Boyd Hill Nature Park. Popular districts include the Waterfront Museum District, the Central Arts District, the Warehouse Arts District, and the Edge District.
Colleges and universities located in St. Pete include the University of South Florida St. Petersburg, Eckerd College, and St. Petersburg College. Other attractions include the Great Explorations Children’s Museum, the Saint Petersburg Pier, the Morean Arts Center, the Florida Holocaust Museum, and the James Museum of Western & Wildlife Art.
What Is St. Petersburg’s Rental Market Like?
St. Petersburg is definitely a great place for rental properties. The median home value in this city is $205,000, which means investors have a relatively low barrier of entry. The city also has a decent renter population, with 39.6% of the city’s residents renting their homes.
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Additionally, rent in St. Pete is on the high side. The average rent for an apartment in this city is $1,676. This represents a 21% year-over-year change. Thirty-nine percent of apartments fall between the $1,001 to $1,500 rental range, while 33% fall between the $1,501 to $2,000 range. Twenty-one percent command a rate above $2,000.
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Beyond that, Florida is known for being a landlord-friendly state. Its landlord-tenant laws are not as detailed as others and rent control policies are not allowed. There are also no limitations on late fees. All this and more make St. Petersburg a favorable environment for landlords.
How a St. Petersburg Property Management Company Can Help
Managing a rental property requires time, dedication, and expertise — three things that not all landlords have. This is especially true in St. Petersburg, where a large chunk of the population are retirees. To become a successful landlord, you need to juggle a multitude of tasks. This includes collecting rent, enforcing the lease, and abiding by the countless landlord-tenant laws that apply to you. To the untrained, it can be too overwhelming.
This is where a St. Petersburg rental management company comes in. A management company can take over most of a landlord’s duties, if not all. You can rest assured knowing your rental property is in capable hands. What can you expect from a rental management company?
- Advertise your listing
- Screen and process tenants
- Oversee property showings
- Set and collect rent
- Create a lease agreement
- Perform move-in, move-out, and routine inspections
- Enforce your lease terms
- Manage maintenance and repairs
- Respond to tenant complaints
- Manage your budget
- Help with tax calculations
- File evictions
Get the Best Property Management in St. Petersburg
St. Petersburg is a fairly big city, so finding the right property management company can be difficult. Make the search process easier with the help of Rental Choice. Our comprehensive online directory supplies you with a pool of trusted candidates. Browse by city or state and use the contact details we provide to get in touch with each company.