Altoona is a small Florida town with a surprisingly rich history. Despite its humble beginnings, though, Altoona has since been caught up in Florida’s real estate whirlwind. Today it’s a great place to own, invest, and rent out property.
And any rental property, of course, needs a good property manager. Keep reading to learn more.
Is Altoona a Good Place to Invest in Property?
Let’s start off by looking at Altoona’s history.
Founded by a homesteader named Thomas J. Hinson around 1850, Hinson is thought to have named Altoona after his home state’s Allatoona Lake. The town was incorporated in 1887 and featured a Methodist church, a post office, and municipal buildings.
Technically speaking, Altoona is a 301-acre community located in Lake County and the Orlando-Kissimmee-Sanford Metropolitan area. Compared to other Lake County towns, it’s managed to retain a surprisingly low cost of living. Here are some stats:
- Lower-than-average unemployment rate (5.3% vs. the US average of 6%)
- Higher-than-average projected job growth (51% over the next decade)
- Lower-than-average sales tact (7% vs. the US average of 7.3%)
- No income tax whatsoever!
Altoona’s combination of strong job growth and affordable living makes it an ever-more-popular destination for Florida families. Despite being less than an hour from the heart of Orlando, Altoona still has a peaceful, small-town feel. In fact, an old town advertisement predicated as much nearly 100 years ago: “Inducements for immigrants are health for the sick, wealth for the poor, contentment for the rich, and pleasure for all […].”
Altoona Florida: Property Management 101
Do you own rental property in Altoona or the surrounding area? If so, congrats — you have quite an opportunity on your hands! But you probably already knew that. Let’s take a closer look at how you can maximize return on investment while minimizing stress.
We can help you find good tenants — or keep your existing good tenants happy. The processes we use to match renters with tenants are throughout, detailed, and rigorous. We can maintain every part of your property, including its interior, exterior, and lawn. We can even help you price your rental appropriately!
Florida’s rental market is pretty hectic right now, so don’t try to go it alone. Our team at Icon FL has decades of hands-on, local experience empowering property owners just like you to make the most of their investment. We truly understand what makes Altoona’s market tick, and that allows us to assist you with each and every aspect of property management.
If you’re ready to place your property management on autopilot, don’t hesitate to get in touch with us today. We’ve already helped make the lives of thousands of property owners easier.