The Stuart, Florida real estate market has seen a significant increase in homes available for rent. “For Rent” signs are appearing everywhere from condo communities to upscale neighborhoods where rentals are typically scarce.
This trend is at least partly driven by the sluggish housing market- many sellers looking in vain for buyers have switched to renting in order to facilitate their relocation plans. Investors, unable to flip their properties, have been seeking to offset their mortgage expense by renting until the market rebounds.
The rental and sales markets tend to move in opposite directions but homes for rent have also been slow to move. With the increase in rental inventories, landlords have been hard pressed to fill vacant units and have had to reduce rents to compete. Newer Stuart area condo and townhouse rentals can be found for less than $1,100/month. Higher-priced home rentals have been especially challenging with some owners providing lawn and pool maintenance as an incentive for renters.
If you are a landlord in need of help with your rental property please visit my rental Web site at www.StuartBestRentals.com, where you may submit a Landlord Profile. I will then contact you to schedule a time to see the property and discuss marketing your rental. The site also features rental listings and a Tenant Profile form to assist renters in finding a home.
