Rapid Leasing Hotline Number: 407-543-1073
Main Office Number: 407-250-4800
New Business Hotline Number: 407-544-0827

There is an age-old phrase that everyone in real estate knows: Location, Location, Location. There’s nothing new about that phrase. But, a lot of investors call us because Orlando has an incredible rental market which is growing every day. It is the place to invest for future growth. Many of these people have just made a purchase, and we get frustrated that they didn’t talk to us first. If you’re buying a Florida investment property, talk to us first. We can help you save money before you buy.

Partnering with Sales Agents

Most investors have their own Realtors and sales agents, which is fine. We don’t want to be in competition with any sales agents. We work as partners instead. If you’re an investor or an agent, talk to us if you’re buying rental property. We will work with you, not compete against you. We want to manage the property management and leasing part of the transaction. We also want you to look more professional with your client.

Hidden Costs in Cheap Investments

Our phrase in addition to Location, Location, Location is this:

Buy Cheap. Buy Twice.

We come across a lot of people who are remotely located and they are buying rental property solely on price. Those numbers might work for you and demonstrate a high yield on paper, but once we get in the property and we open the door, we are disappointed. Some of these properties are in bad locations and high crime areas. This is the reason that location matters. It’s been true decade in and decade out. You might pay more for a better location, but you’ll earn more in the long term. It’s not all about the cheap purchase price. You also have to maintain the property and keep it looking good.

Low Price, High Turnover

Lower price areas often have higher turnover numbers. Those costs add up. You have to pay for more repairs, carpet replacement, and painting. You want a property that might cost a little more at the outside but won’t turn as often. Our average tenancy at Warner Quinlan is 2.8 years. That gives you a chance to accumulate money for future paint and carpets. If you buy on price alone, you’ll be turning every year. That gets expensive. An owner from Australia recently bought several units through the same agent based solely on cost. The price to get it rent ready has been so much higher than it would have been if he bought in better locations. A new air conditioning unit was installed, and it was stolen before a tenant moved in.

Do not buy cheap so you don’t have to buy twice.

If you’d like to make an investment in the Orlando rental market, please talk to us. We can help you find great agents and show you the best locations. Let’s work together. Contact us at Warner Quinlan Property Management and Real Estate for all your Orlando, FL property management needs.