6 Florida Metros made the top 10 list for higher than expected rent.

6 Florida Metros made the top 10 list for higher than expected rent.

Rent prices are going sky high. These six Florida Metros made the TOP 10 list for higher than the expected rent. And here are they. Welcome to Real Estate Tips for South Florida.

On the top ten list Miami is number one, 22.7% increase in rent. Fort Myers is number two with a 20.41% increase in rent. Number four is Bradenton and Sarasota. They are 17.86% made the top four list. Tampa with a 17.52% increase in rent, made number five on the top ten. Port St. Lucie, Florida with a 15.89% increase in rent, made number seven on the list of top ten. And Lakeland made the number nine position with a 15.36% increase in rent. This information is from Florida Realtors magazine. 

Now the question is if you are a tenant,  do you continue to rent the property to pay so much up rent? Or maybe time to think of qualifying and get a home for your family. If you're an investor and thinking of investing, or if a homeowner has a lot of equity build-up and want to build a real estate portfolio for your family, this is the time to buy some rental properties. As you know, in South Florida, there's not much land left, there is not much construction going on, but the migration is getting more and more every single day. So renters have to live somewhere. This is an opportunity for the investors to buy rental property and get the best return out of it.

Hopefully, this information is going to either inspire a tenant to buy a home or an investor or thinking of becoming an investor, start investing in real estate and make a fortune for your family. My name is Shawn Bhakta from Remax Presidential, South Florida Home Finder Team, and I'm glad to help.

Top real estate services in Pembroke Pines, Florida and surrounding area.