Sanford is one of those town names that doesn’t tell you precisely what coordinates you’re dealing with. Sanford, North Carolina? Sanford, Maine? Sanford, Michigan?
As you might expect, though, the subject of this article is a Sanford that enjoys a decidedly hotter real estate market. Let’s take a look at what it takes to succeed at property management in the sunniest Sanford of all: Sanford, Florida.
Is Sanford, Florida a Good Place to Live?
Sanford is a small city located in Central Florida. As the seat of Seminole County, Sanford is home to over 60,000 residents. It’s often called “the Gateway City” or the “Historic Waterfront Gateway City,” as it sits on the junction of Lake Monroe and the St. Johns River.
Sanford has been a major military hub for much of its history. In 1942 the town became home to a major Naval Air Station that taught pilots how to operate top WW2-era aircraft. At its peak Sanford’s Naval Air Station was home to over 1,500 enlisted soldiers.
Today, however, Sanford’s naval past is but a distant memory. 2012’s “Imagine Sanford” program, which asked all the town’s residents to contribute their ideas to city planning, played a pivotal role in shaping Sanford into the close-knit community that it is today. The 19th-century downtown and more modern streetscaping are both renowned for their thought-out designs. And, in recent years, Sanford has become a sort of mecca for local microbreweries. Be sure to check out the downtown riverwalk and Magnolia Square!
Sanford shines when it comes to location, too. It’s conveniently located halfway between Orlando and Daytona Beach, allowing residents to enjoy easy day trips to either location.
What about real estate, you may ask?
Rental properties are unusually common in Sanford; roughly 36% of the town’s homes are occupied by renters, vs. 64% by owners. The average rental price is $1,500/month, though this varies widely depending on the size and location of the rental. Roughly 7% of all rentals are priced over $2,000/month.
Sanford, FL: Top Property Management Tips
Don’t let all the above good news fool you — even those of you with Sanford-based properties may not want to navigate the rental market alone. A seasoned property manager can help make your life easier in several key ways:
1. Improved tenant screening
If we’re being honest, sketchy rental applicants are part of life. It’s probably only a matter of time until they apply to live at your rental property. Premier property managers will carefully vet tenants with background checks, credit checks, and follow-ups with references. No more troublesome tenants for you.
2. Reduced tenant turnover
On the flipside, though, it’s equally important to keep good tenants after you’ve found them. Property management companies can help with that, too. Icon FL has been keeping Sanford tenants content for decades now… and we’ll be happy to do the same for your tenants! Reduced tenant turnover means more consistent cashflow and less stress.
If you’re ready to partner with a seasoned property management team and make the most of your rentals, don’t hesitate to get in touch. You can do so by filling out our online form or giving us a phone call, whichever you prefer. We’ll reach out ASAP and get you started on the path towards stress-free renting.