Need a REALTOR® for your
Tampa Bay Area investment property?
OutofTownLandLord connects you with the Tampa Bay Area ’s very best property investment specialists. A licensed, experienced, dedicated REALTOR® who will deliver stunning results and stellar service. Learn about the REALTOR® and the Tampa Bay Area market below.
Dan Maciejewski, REALTOR®
Tampa Bay Area Investment Specialist
State: FL
Counties: Pinellas and Hillsborough
Cities and Towns: Tampa, Temple Terrace, Hillsborough County, Belleair, Belleair Beach, Belleair Shore, Clearwater, Clearwater Beach, Dunedin, Gulfport, Indian Rocks Beach, Indian Shores, Kenneth City, Largo, Madeira Beach, Redington Beach, Redington Shores, Oldsmar, Pinellas Park, Safety Harbor, St. Pete Beach, St. Petersburg, Seminole, South Pasedena, Pasedena, Tarpon Springs, Treasure Island, Pinellas County.
Licensed Since: 2016
Company: Keller Williams Gulfside
About Dan Maciejewski
An Investor, not just an Agent
I actually Invest and own property in the market that I operate in. That means that I can look at Real Estate from all aspects and help you plan for your financial future in ways that other agents simply can't. You need someone on your side, not just someone that sells houses.
A Fiduciary, not just a REALTOR
I act as a fiduciary to my clients. That means that I can provide you with advice about YOUR best course of action, even if it doesn't benefit me directly. As a fiduciary and a Single Agent to you, I owe you Full Disclosure and the highest form of negotiation. YOU are my most valuable resource and I promise to do everything in my power to improve your life through Real Estate!
About the Tampa Bay Area Market
Market Overview
The Tampa Bay Area is an amazing area with many reasons to invest. From the colleges, employers, and history of Tampa to the top-rated beaches of Pinellas, there is so much long-term, seasonal, and short-term housing demand that makes this an appealing place to invest your time and money.
Pinellas County is the 6th most populous County in the State with just under a million residents. It also has a consistent growth rate of around 1%. And while the median income is relatively flat at $46,000, the housing prices continue to rise (around 9% YOY in 12/19) averaged across all price points, meaning that there is an ever-growing need for rentals.
Hillsborough County is the 4th most populous county in the state with 1.3 million residents. It has a steady population growth of around 2%. The median income is growing (around $58,000), partly due to new jobs. The housing appreciation has been a more modest 3% this year, below the income growth. There is still a huge demand for rentals, and in both Pinellas and Hillsborough, the vacancy rates for long-term rentals are low for the state and country.
There is also a demand for affordable housing, as the newer builds and rentals have been focused on the higher end to luxury market. Some studies have found that by 2040 the city of St. Pete must build 2,500 new affordable units to house low-income residents. Pinellas County also has 16 identified Opportunity Zones, allowing for an investor to make some tax savings while improving communities.
Pinellas County has 24 incorporated municipalities along with the unincorporated county, each with their own Short-Term Rental rules and regs, making it a little tricky to navigate, but rewarding, should you choose that route. Hillsborough has only 3 incorporated cities with most of the county being unincorporated.
Median rents vary by neighborhood – more so than many other areas of the country. The Tampa Bay area, and especially Pinellas County are far more block by block than zip code by zip code. This gives investors many price points and tenant bases to choose from.
Across the region, there are many mom and pop landlords that haven’t kept up their properties and have subsequently fallen below market rents. Giving a savvy investor an opportunity to force appreciation and raise rents with a little capital investment in almost any single to small multifamily.
Investment price points
You can be able to cash flow on purchases at every price point. From $144,000 duplexes to 144-unit portfolios. From 1 bed condo/hotels to million-dollar 8-bed STRs.
In general, assuming 25% down and a little forced appreciation, there are plenty of opportunities awaiting a smart and motivated investor.
