Landlords Panic as ASKING RENTS PLUMMET Across FLORIDA!

Florida’s real estate market is heading for a major shakeup, and landlords across the state are feeling the pressure. In cities like Orlando, Miami, Tampa, and Jacksonville, the once-booming rental market is cratering under the weight of soaring carrying costs and declining rental demand. Landlords who invested heavily in the Florida real estate market are now facing a grim reality as their asking rents plummet and their overheads continue to skyrocket. What was once considered a safe bet for real estate investors is now a financial nightmare, with many property owners seeing their profits vanish.

The Orlando real estate market, once a beacon for those investing in Florida, is now struggling to support the influx of rental properties hitting the market. Similarly, the Miami real estate market is seeing landlords fight to keep their properties afloat as rental prices drop sharply. The Tampa real estate market and Jacksonville real estate market aren’t faring much better, with property owners increasingly finding themselves on the wrong side of a losing investment. As housing market trends continue to shift, real estate investors are being forced to reassess their strategies, flooding the market with properties to offload their burden.

⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
🤔Thinking of buying, selling or investing in real estate? My team can help anywhere.
📱Call or Text: 407-706-5000
⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️

Follow Me On Socials:

📣 Jared Jones, Licensed Real Estate Broker and Owner of Jared Jones Real Estate. He is one of the most experienced agents on the planet with having sold more than 4,000 homes across Las Vegas, Reno, Memphis, and Central Florida. He has flipped more than 200 properties profitably for himself and clients. Despite being very blessed by Almighty God in my Real Estate Career - DO NOT, construe anything I say on Youtube as investment advice. All Video Content is informational only is not to be construed as legal, investment, or tax advice. Seek advice on all of your own personal decisions by reaching out to licensed professionals in your field of investment, in your area, or relating to any other personal matter you are seeking to make a decision upon. Real Estate investing, buying, or selling comes with inherent risks. My opinions are my own.

[jaredjonesontv]

🤔 Thinking of buying, selling, or investing in real estate?
My team can help anywhere!

Call or Text: 407-706-5000
Visit my website: www.jaredjones.com

[nicolasbenson]

Ah yes, the rent vs buy decision I’ve been trying to figure out for years. The rental income vs mortgage payment calculation never made sense to me. But this is much more logical and makes far more sense. Thank you for simplifying this!

[furemerestenshadow]

I hate the term passive income in regards too real estate ... its created a generation of landlords and investors that think real estate is one and done... IT is not.... you cannot buy it and just sit back and collect rents.... you must be prepared to continually reinvest.... maintenance, taxes, insurance, as well as HOA and assessment fees...

[garystanis]

I'm back in southwest Florida, and I can tell you the restaurants are empty on a Friday or Saturday night. Never mind during the week. With rents, costs of goods and labor that are astronomical. Its only a short amount of time till they can't keep their doors open and its not just restaurants. Scary, I've never seen it like this.

[realtormc]

Multiply those rents by 3 and that's what an individual needs to make per month to qualify to rent $1700 x 3 = $5100 per month. $5100/160(hours per month)= $32/hr

Apartments used to be way cheaper to rent than single family homes and townhouses.

[kaswdc]

People are leaving Florida and rents are coming down everywhere. Too much supply. Homebuyers are gone, not coming back

[DEG]

It is very true Jared, cash flow is reducing and expenses are rising rapidly, it would be better to sell before this market crashes and investments are lost, unless the economy improves and renters can pay the continuous increases. Many investors will have no choice but to sell.

[austinbar]

I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?

[Youcanthandlethetruth-nb]

People simply aren't going to pay TWO thousand dollars or mor per month, to rent a ONE bedroom apartment! I bought a home in NC in 2020, and in my late 50's, I just wasn't comfortable with a mortgage at my age. I sold that larger home with the $1, 750/mo. mortgage payment, paid off my mortgage and purchased a smaller home outright in SC.

I am selling that house now in order to keep my assets "liquid, " and when I move back to Florida to rent, a 1BR for now, my MAX rent will be $1, 800/mo. and that would HAVE TO BE on the water, since I'm not going to pay MORE to rent a ONE bedroom, than I was making in a mortgage payment on a THREE bedroom house.

Simple solution/rule of thumb: A ONE bedroom should rent at a price beginning with a ONE, a TWO bedroom at a price beginning with a TWO and so on. If rents were a REASONABLE amount the demand would be high, and in popular areas like Miami, there wouldn't be ONE unrented unit!

[tprada]

I’m a senior trying to sell a manufactured home. Lot rent is ridiculous. Today, the residents here received a letter that the owners sold the park. It’s every man for himself. The future isn’t looking good for seniors like us.

[nandojuace]

The right choice of an investment has always been a big problem for me I know picking a wrong investment will leave a big scar in the future..

[mygodreigns]

I wait tables in Florida and I can't tell you how many people are selling their second home or just up and moving. I'm from Chicago, literally the price of rent here for an apartment is comparable to downtown Chicago which seems ridiculous considering I'm not living in a major metro area and I have to drive to get to everything.

[regtowers]

Desantis screwed Florida with his Home insurance debacle and his neglect when he campaigned for President

[Useless_Knowledge]

Apartment and multifamily rentals don't require tenant to pay more than rent and electric. Single family homes rental usually does. A lease is only what you agree to in the end, either way.

[vLife]

When you factor that most renters never take care of your place and appliances and call for the silliest things its not such a great business and certainly is not passive.

[LockedUpLarry]

Poor investors. 55% cost increases! We should do something about this! 😅😅

[happyfootetrails]

Love your channel great content and analysis

[MrDCMiami]

They all love to say, "we'll just pass it on to the tenant, so ultimately THEY pay these bills." I argued otherwise.

Recency bias is a killer when trends change. Rents are stagnating or in some cases, receding, all while there are no cost controls. I predicted that landlords will realize that no cash flow and no appreciation will make the hassles of landlording a lot less appealing. It will make me happy to see the cocky smiles disappear from their faces.

[TheOriginalHuckleberry]

Can't rent, can't sell, CAN pay property taxes (rent) to gov.

[powerequalsgod]

I personally think most landlords think the ideal renters are two adult inhabitants who are full time employed with medium to high income with great savings and good credit history report. The reality is very different a landlords are very lucky to have any tenants as mentioned above. These are the type of tenants that are the ones they can’t keep for long though and keep replacing. These tenants likely want to own their own homes and stop renting so the type of renters they have to face renting also can’t afford to move into homeownership anytime soon are more prone to financial problems leading to leave the home per say or squat not paying at all risking being evicted and damaging the property in retaliation. The landlord investor may just be a investor with no how in repair work has to now waste money paying on skilled labor and materials to fix up the property costing the investor time, money and effort to experiment with the same situation or not with a new tenant. Or require new tenants to be better qualified punishing them in many ways to not be like the former tenant who abused their time living at that property. The future doesn’t look so great for these investors wanting to get into renting for profit.