There are a lot of options when you’re ready to invest in Boca Raton real estate. We’re here to help you identify great opportunities, run comparative market analyses so you know how much rent you can expect, and provide the best in Boca Raton property management services. Contact our team today at Florida Property Management Services.
Should I Invest in Boca Raton Real Estate in 2021?
Florida PMServices • May 7, 2021
If you’ve been thinking about investing in Boca Raton real estate, you shouldn’t hesitate much longer. This is an incredibly hot market, and you’ll want to get in as soon as possible. Whether you’re buying your first rental home, thinking about a future retirement home, or you want to add great properties to a growing portfolio - Boca Raton is the place to be in 2021.
Let us show you why.
Demand is High and Supply is Low
The word is out when it comes to the opportunities available in Boca Raton. According to the latest Florida Realtors® report, South Palm Beach County inventory in the first months of 2021 is down 51 percent from 2020. The median sales price is up 20 percent. The number of homes sold is also up 17 percent from 2020.
The market is moving, and if you’re looking for a property that will make a great rental investment, get in there now. There are still some great homes available, but you have to act quickly and be prepared to make an offer as soon as you know it’s right for your portfolio. Days on market have decreased and people are flocking to Florida, creating a competitive market among buyers.
Interest Rates are Low
Borrowing is advantageous right now as well. Interest rates on mortgages are astonishingly low, and they’re likely to remain low throughout 2021. Mortgage interest rates climbed a bit in February, but remain below their levels a year ago. Interest rates may rise a bit further into the spring months, but not in such a way that affordability will be difficult. When it comes to leveraging your asset, you’re in a good position as a buyer. Don’t let this unique opportunity to finance a great rental property pass you by.
Boca Raton Tenant Pool is Stable
Another good reason to invest here is that you have access to some high quality tenants who are willing to pay top rental values for a good home that’s well-maintained and in a desirable neighborhood. We have a strong supply of long-term renters who are looking for a variety of homes. Some of our renters like the freedom and the privacy that come with single-family homes in established neighborhoods and others prefer a low-maintenance condo rental close to the beach with a lot of amenities.
Investors can take advantage of the diversity this market provides in both properties and tenants.
Demographically, the trends are working in our favor. We have a large number of active adult renters who are at or nearing retirement age as well. These are financially stable tenants who care about the properties they live in.
Short and Long Term Rentals Make Sense
Not every market is friendly to both long-term investments and short-term vacation properties. Boca Raton is one of those markets, however. Here, you can do a traditional investment where you’ll look for long-term tenants willing to sign a lease for a year or more. You can also go the short-term rental route, which allows you to earn more money on a per-night basis and still keep the property free in case you’d like to use it yourself.
Share this post
This is a subtitle for your new post
Finding a great tenant for your single-family rental (SFR) used to rely primarily on a clean property and a well-placed "For Rent" sign. Today, the leasing journey begins long before anyone steps through the front door. Today’s renters expect the same convenience and speed from their housing search that they experience online every day, changing how property owners connect with and keep residents. First impressions are solidified online. According to a Zillow Report , 86% of renters now research and narrow down their housing options entirely online, with a growing segment choosing to skip traditional in-person tours altogether. Media-rich listings, transparent pricing, and comprehensive digital layouts seem to no longer be optional. If a property lacks a professional online footprint, many renters will simply scroll past. Convenience also continues to remain a deciding factor. Prospective tenants typically expect fast communication and frictionless leasing processes. The Buildium Industry Report highlights this heightened bar for responsiveness, noting that 48% of single-family renters now demand a response to inquiries within the same day. Utilizing automated workflows, online applications, and digital lease signings keeps high-quality applicants engaged before they pivot to a competitor. With all this in mind, the modern rental experience does not end at move-in. Long-term investor profitability relies heavily on tenant retention, which is deeply influenced by day-to-day operations. Recent SFR Software Reports confirms that professional maintenance management is the primary driver of resident satisfaction, revealing that satisfied residents are 72% more likely to renew their leases. Offering tools like online rent payments and easy maintenance tracking may help improve the resident experience and support stronger tenant satisfaction over time. As your property management partner, we take care of the operational details so you can focus on your investment goals. While property upgrades can add value, creating a smooth, tech-enabled rental experience is just as important in today’s market. Meeting tenant expectations from the first click to lease renewal can help attract quality applicants, reduce turnover, and support stronger rental returns.
From the Law Offices of Heist, Weisse & Wolk, PLLC
