Maybe you've read about Pensacola being one of the "worst cities" in Florida to buy properties in. As a result, you've taken it off your list of prospective real estate investing locations.
Well, it's time to reconsider.
According to WEARTV.com, a local economist debunked this myth, saying that Pensacola's job market has grown 35% since 2000! Moreover, a senior real estate agent said the city is an attractive place to live.
However, always remember that some emerging Pensacola neighborhoods are better for investing than others. Our team at PMI Gulf Horizons shares practical insights in this guide, so read on.
Identifying Up-and-Coming Neighborhoods
Investing in Pensacola housing nestled in the right neighborhoods can significantly impact your return on investment (ROI). They include upcoming areas in Pensacola that show considerable growth potential.
For example, there's East Hill. Known for its historic charm, tree-lined streets, and well-preserved homes, it's a favorite among families and young professionals alike. It also boasts a tight-knit community of friendly, family-oriented locals.
There's also Downtown Pensacola. It features a vibrant arts scene and a burgeoning business sector. With such desirable characteristics, the Downtown is becoming increasingly attractive for renters and buyers.
Another neighborhood to consider is Pensacola Beach. With access to beautiful white sand beaches and crystal-clear waters, it's an idyllic location for long-term tenants who love the ocean.
Warrington is another excellent option. With the neighborhood undergoing revitalization, it's an ideal spot for affordable housing investments.
Last but not least is Ensley. It boasts lower property prices and proximity to amenities. So, it's no wonder this charming neighborhood is gaining traction among investors seeking undervalued properties.
Seeking Professional Help With Real Estate Investing
Whether you're new to real estate investing or have a seasoned portfolio, consider partnering with a reliable property management service. Here's why you should pair your investments with a highly experienced manager:
- Get expert insights about local market trends
- Make more informed investment choices
- Enjoy comprehensive services (e.g., property valuation, marketing, tenant screening, lease management, accounting, and maintenance)
- Save precious time (which you can then use to focus on expanding your investment portfolio)
- Enhance renter satisfaction and keep your best tenants
- Reduce turnover costs with improved tenant retention rates
- Ensure rental income flows regularly and without hassle with timely rent collection
In a nutshell, a full-service residential property management company in Pensacola can help throughout the entire process. From finding profitable properties to maintaining them and securing reliable tenants, your manager can do all these (and more!) for you.
Elevate Your Real Estate Investing Potential
Entering the Pensacola real estate investing market with knowledge and support can set you on the path to success. So, explore the opportunities in its up-and-coming neighborhoods, and take the time to evaluate their unique benefits.
PMI Gulf Horizons is happy to help you identify the right Pensacola property market. Our team consists of experts in real estate, property management, leadership, strategic planning, and risk assessment. Plus, we're a proud member of PMI, a fast-growing property management franchisor with over 20 years of success.
Reach out today for a free investment consultation!
