Orlando currently is the No. 6 best market for rental real estate investment in the Southeast and the No. 25 best market in the country as a whole, according to a recent report from All Property Management.
The best Southeast market is Raleigh, N.C., followed by Louisville, Ky.; Atlanta; Tampa; and Nashville. Miami came in at No. 8 in the Southeast, while Jacksonville came in at No. 12.
Other rental markets currently offering high returns on rental housing include San Francisco, Denver, Seattle, Austin and Minneapolis. Returns on rental housing investment currently are far better in the Western U.S. than in any other region; seven of the 10 highest-ranking markets in the Q1 2015 Rental Ranking Report are located there.
And be sure to check out these other Monday business headlines:
Universal sues Orange County property appraiser
Last week, it was SeaWorld facing a lawsuit filed by Orange County Property Appraiser Rick Singh over a property value assessment. This week, Universal Orlando is suing Singh over the property value of its parking garages, the Orlando Sentinel reports. Universal contends Singh’s appraisal is too high and that it has been subject to “arbitrary and disparate treatment.” Singh says his office always goes back and forth with the larger theme parks, and it’s his job to defend the assessment.