Groveland is a small town in Lake County, Florida. But don’t let the quaintness fool you: Groveland is growing exponentially.
And that makes it a prime candidate for rental property owners — just as long as you can find the right property manager, that is.
What is Groveland, FL Known For?
Perhaps more than anything else, Groveland is an area of potential. Its population has nearly doubled in the last decade, going from ~8,000 to ~17,000, and the town still shows no signs of slowing down. Let’s look at some stats.
Trend #1: Groveland’s economy is rapidly expanding. Not too long ago the town’s median household income was $32,000/year; just a few years later, it’s risen to $56,000/year. Future job growth is projected at 51.2%, well over the U.S. average of 33.5%. The town’s unemployment rate has also become more favorable than U.S. averages. Despite all this, Groveland’s cost of living is only 3.3% higher than the national average.
What about Groveland’s weather, you may ask? As part of the Orlando–Kissimmee–Sanford Metropolitan Statistical Area, Groveland is graced with wonderful weather year-round. March, April, and November are thought to be the most pleasant months.
Finally, let’s look at real estate. The average home has appreciated roughly 10% in the last 10 years. The median Groveland home now costs $280,000. Most residents own and occupy their own homes; only 18% of occupied homes are rented. This has created a higher-than-usual demand for rental properties.
Icon FL Makes Property Management Easy
If you own real estate in Groveland, congrats — you’ve got your hands on quite the appreciating asset! Now there’s only one step left: It’s time to make the most of your investment. How? By renting it out, of course.
Whether you’ve already found the right tenants or are still looking, we can help. Icon FL’s experienced property management team has a proven track record of lining up rental owners with prospective renters.
The reality is that many tenants today simply aren’t trustworthy. We’ll do the hard work of vetting your prospective tenants and ruling out those who have poor credit, inconsistent employment, or shady backgrounds. From there it’ll be up to you to choose whichever qualified candidate(s) you deem to be the best fit!
And our job doesn’t end when your tenants move in, of course. We’ll also keep your property in pristine condition throughout its time as a rental. Our skilled maintenance teams can catch little problems before they become big ones — allowing you to avoid pricy repairs in the long run.
Contact us today and we’ll be happy to help you navigate any and all steps of the property management process. Unlike so many other property managers, we actually have local experience. It’s time to place your property’s income production on autopilot!