The Lake Nona rental market has seen significant changes in recent months. Property management companies, landlords, and homeowners alike are noticing a shift in dynamics. Many are asking, “What happened to the post-pandemic rental boom?” The answer is clear: the market has transformed, and we are now in what’s considered a renter’s market.
This shift isn’t a reflection of ineffective marketing or poor management—it’s a natural evolution in the rental landscape. To remain competitive, it’s important for property owners to understand what’s happening and, more importantly, to adapt. Here’s why.
In the immediate aftermath of the pandemic, Lake Nona and many other markets experienced a surge in rental demand. This was fueled by several factors:
But as the dust has settled, the market has leveled out. That post-pandemic rush has given way to a more balanced market, or even a renter-friendly one. This shift is driven by several key factors.
If you’re a property owner in Lake Nona, understanding this market shift is essential for maintaining the success of your rental property. Holding onto rental prices that worked during the boom can lead to costly, prolonged vacancies. Here’s what property management professionals in the area recommend:
We’ve been actively making adjustments in line with market trends to ensure your property remains competitive. Our team is dedicated to providing ongoing education and guidance so you can make informed decisions that protect your investment.
The Lake Nona rental market is evolving, and property owners who adapt to the new reality will be the ones who succeed. The post-pandemic rental boom was favorable to landlords, but today’s market calls for flexibility and strategic adjustments. Property management companies across Lake Nona are advising owners to lower rents slightly and offer tenant-friendly incentives to avoid long vacancy periods.
Remember, this shift in the market isn’t about marketing or management failures—it’s simply how the market has changed. By understanding these new dynamics and adjusting accordingly, you can continue to enjoy a successful, income-generating rental property in Lake Nona.
If you’re unsure how to navigate these changes, consider consulting with Verandah Properties for guidance. We can help you make informed decisions based on the current market, ensuring your property remains competitive and profitable. Click here to learn more.
Owning rental property in the vibrant community of Lake Nona, Florida, comes with its unique set of challenges and rewards. At Verandah Properties, LLC, we understand that entrusting your property to a management company is a significant decision influenced by various concerns. Our expertise in managing single-family, unfurnished units within this thriving region allows us to address the top three fears of rental property owners head-on, ensuring peace of mind and maximizing investment returns.
The Concern: The thought of tenants causing significant damage to your property is enough to keep any owner up at night. Coupled with the dread of ongoing maintenance, this concern ranks high on the list of fears.
How Verandah Properties, LLC Handles It: Our comprehensive tenant screening process is the first line of defense against property damage. By selecting responsible tenants, we significantly reduce the risk of damage to your Lake Nona home. Our proactive maintenance strategy, which includes regular inspections and quick responses to repair requests, not only keeps your property in top condition but also encourages tenants to maintain the high standards set forth at the beginning of their lease.
The Concern: Vacant properties don't generate income, and unreliable tenants can lead to inconsistent rent collection, affecting your cash flow and financial planning.
How Verandah Properties, LLC Handles It: With our deep understanding of the Lake Nona real estate market, we implement targeted marketing strategies to minimize vacancy periods. Our local expertise ensures your property is priced competitively, attracting a steady stream of potential tenants. Moreover, our thorough tenant screening process ensures that only the most reliable candidates are chosen, safeguarding your rental income.
The Concern: Navigating the complex landscape of landlord-tenant laws, housing regulations, and compliance issues in Florida can be daunting for property owners.
How Verandah Properties, LLC Handles It: Our team at Verandah Properties, LLC stays abreast of all legal changes and housing regulations affecting Lake Nona rental properties. From lease agreements to eviction laws and everything in between, we ensure your property is not only compliant with current laws but also protected from potential legal pitfalls. This comprehensive legal knowledge allows our clients to rest easy, knowing their investment is in knowledgeable hands.
At Verandah Properties, LLC, we don't just manage properties—we provide peace of mind. Our tailored approach to property management in Lake Nona ensures that your specific concerns are addressed. Whether it's preserving the condition of your home, ensuring it remains occupied with reliable tenants, or keeping you legally safeguarded, we are committed to the highest standards of professionalism and service.
For Lake Nona homeowners looking to secure their investment and eliminate the stress of property management, Verandah Properties, LLC is your trusted partner. Discover how we can transform your property management experience by visiting our website or contacting us directly.
Own property in Lake Nona? Considering renting it out? Let Verandah Properties, LLC show you how stress-free and profitable owning rental property can be. Contact us today to learn more about our comprehensive property management services tailored specifically for Lake Nona homeowners.
Discover how our SureVestor Protection Plus Bundle—the only insurance of its kind—offers you peace of mind from tenant non-payment, damage, job loss, and more, with your first year FREE when you sign up for our full-service property management.
Are you a landlord seeking trusted expertise to effectively manage your properties? Look no further. Our dedicated team specializes in providing comprehensive property management services tailored to the unique needs of landlords in the Lake Nona area. We are here to address your questions and help you maximize your rental investment.
As experienced property managers, we understand the challenges landlords face in today's competitive real estate market. We offer a personalized approach, taking the time to understand your specific goals, concerns, and property requirements. Whether you own single-family homes, condos, or multi-unit buildings, we have the expertise to ensure your investment thrives.
Lake Nona is a vibrant community with unique dynamics and market demands. Our team has an in-depth knowledge of the local rental market, ensuring that your properties are priced competitively and attract high-quality tenants. We handle every aspect of property management, from tenant screening to lease agreements, maintenance, and rent collection, so you can enjoy hassle-free ownership.
We understand that landlords often have numerous questions when it comes to property management. Here are a few common questions we address:
Ready to experience the benefits of professional property management in Lake Nona? Our dedicated team is here to answer your questions and provide the personalized solutions you need. Contact us today for a complimentary consultation and let us take care of the details while you enjoy the rewards of stress-free property ownership.
Get started with your FREE RENTAL PRICE ANALYSIS or, if you just need a little more information first, feel free to fill out the form .
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Owner or Renter?
We all know communication is KEY. Successful communication means we communicate your way. You tell us how you’d prefer to be updated and advised whether it be via text, email or phone, and that is how it will be delivered.
Maintaining your property is top priority. Through scheduled inspections we can determine when routine maintenance is required to reduce more costly repairs. All inspections are provided to you the investor and come with a detailed written plan to keep your investment in tip top shape.
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It all started in 1996 with the Tavistock Group who saw the potential of what is now the Lake Nona region which first started with the development of the prestigious Lake Nona Golf & Country Club. The private residential golf club community features an 18-hole championship golf course designed by Tom Fazio. Set amid serene lakes and tree-lined streets are a range of residences but are most famous for their custom-built estate homes. The golf and country club sits at the heart of the 17 square-mile Lake Nona community which offers dining, nightlife, world renowned schools, tech businesses and attractions, and is located only a few minutes from the OIA and less than an hour away from the Space Coast beaches. Lake Nona offers unlimited possibilities, no wonder it has become a haven for local and international real estate investors looking to stake claim to this coveted enclave of Orlando, Florida.
Lake Nona continues to outpace the rest of Orlando proper in terms of real estate sales and rental homes values. Some reasons may be the following:
In mid-2021 Disney officially confirmed the rumored move of corporate offices from California to Florida (approximately 2,000 jobs). Not ‘just’ Florida but specifically Lake Nona which is where their offices will be located. This move will bring a lot of high-earning Disney executives and higher-ups to the area. They will therefore likely be looking for higher-end real estate as homebuyers and renters alike in Lake Nona and the surrounding area. It would appear that considering purchasing real estate investments in the area would be a prudent move now. Meanwhile Lake Nona is Orlando’s most popular master-planned community, and the 19th most popular in the US.
Lake Nona is also home to Lake Nona Medical City which is home to some of the nation’s top hospitals, universities, research institutions and life science companies, transforming Orlando into a global destination for health care. Medical City is anchored by GuideWell Innovation Center, Orlando Veterans Affairs Medical Center, UCF Lake Nona Medical Center, UCF Health Sciences Campus and College of Medicine, Nemour’s Children’s Hospital, University of Florida Research & Academic, Johnson & Johnson Human Performance Institute and Lake Nona Physicians Plaza.
With Lake Nona’s reputation of innovation, for example with Move Nona, it’s one of a kind mobility network throughout all of its 17 square miles, it has attracted the attention from companies from across the globe to relocate to its confines. In 2017, KPMG one of the fastest growing Big Four professional services firm broke on KPMG Lakehouse, its 55-acre, 800,000 square foot Learning, Development, and Innovation facility in the heart of Lake Nona. The now open facility is home to more than 300 employees and 40,000 visitors from across the globe doing business in the facility each year.
Of course, the heart of Lake Nona is its neighborhoods and the families that are proud to call it home. Lake Nona has a small-town tight-knit community feel. Residents who have the privilege of living in Lake Nona have access to amenities and attractions such as Boxi Park, the Lake Nona Town Center, Nona Adventure Park, community gardens and one of a kind dining and retail. Local diners get to experience such favorites as Canvas Restaurant which serves up its lakefront Latin-inspired grub within a hip space which includes a unique home goods store as well as Nona Blue Modern Tavern just to name a few.
Looking ahead the future of Lake Nona looks bright to say the least. One last look ahead to the future of this sought-after real estate is the Lake Nona Vertiport which will become the country’s first regional hub for electric vertical takeoff and landing (eVTOL) aircraft by 2025. Known as the Lake Nona Vertiport, the first of its kind aviation facility will serve as the central location for a regional mobility network in Florida designed to usher in a new era of city-to-city transportation.
Ready to invest Lake Nona Real Estate? Contact Verandah Properties investment team of professionals to guide you on your journey. We’re natives and we know Lake Nona! Contact us today!
