Read More About Lake City

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Lake City has an estimated population of 12,352. Despite its small size, Lake City is a proud city and is dubbed as “the Gateway to Florida” thanks to its strategic location. It also serves as the county seat of Columbia County, Florida.

Rent prices in Lake City are rather affordable, with prices ranging between $839 to $1,198 on average. Lake City has a large renter population, with more than half of its residents living in rented properties. In fact, 57% of the residents here rent their homes, while the other 43% of the population own their homes. The average rent for 1-bedroom apartments is $613, while the average rent for 2-bedroom apartments is $1,055.

Because of this, many investors choose to purchase properties for the purpose of renting them out. Property management, though, is often easier to understand on paper. Before you can reap the benefits of your rental property, you must know how to advertise it, screen tenants, and collect rent. You must also keep up with maintenance duties and stay compliant with rental laws.

If you find that managing your rental property is too much for you to handle, the best route is to seek professional property management services. With expert help, you can rest easy knowing your rental property is in capable hands. Just make sure to find a Lake City property management company that suits your needs.

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