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