Tallahassee is a great place for both tourists and locals. Residents enjoy the diverse community, a vibrant nightlife, fair weather, and an affordable cost of living. The city is also home to many excellent public schools and countless outdoor activities, making it an attractive place to live.
About 60% of residents in Tallahassee rent their homes. The median rent price is $995, with varying averages depending on the type of property. The average rent price for studio apartments is $799, $755 for 1-bedroom apartments, $900 for 2-bedroom apartments, and $1,200 for 3-bedroom and 4-bedroom apartments.
There is a booming rental market in Tallahassee, fueled by both short- and long-term renters. Every year, the city draws in millions of tourists looking for the perfect accommodations. Additionally, Tallahassee has a vast population of renters, with most of its residents renting their homes instead of owning them. As such, property investors head to this Florida city in droves in search of their next bankable investment.
Earning rental income is not as easy as you might think, though. It is not confined to simply buying a rental property — you must manage it properly, too. Tallahassee property management requires time, expertise, effort, and even knowledge of the law. For many rental property owners, balancing these demands can come as a challenge. As a result, a large majority of them turn to professional property management services.
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