The Real Deal Miami

South Florida is No. 2 in US for mom-and-pop landlords

Average monthly profit in Palm Beach, Broward and Miami-Dade counties is $518

August 18, 2014 11:00AM

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Individual landlords win big in South Florida

Individual landlords win big in South Florida

Mom-and-Pop landlords are winning big in South Florida. According to Zillow, the region is the country’s second-best market for individual residential landlords, who are not professional investors.

Zillow looked at those home owners who have one property, which they rent out as a side business.

Since June last year, rents in the tri-county area have increased 5.8 percent.

Nationally, the average is 2.5 percent. In Palm Beach, Broward and Miami-Dade couties, average monthly profit is about $515, right behind Oklahoma City, where the monthly profit is $536. [Sun Sentinel] — Claire Moses

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