St. Petersburg is a city in Pinellas County with a population of 265,351 making it the second largest city in the Tampa Bay Area after Tampa and the fifth most populous city in Florida. Back in 2010, CNN named St. Pete the #7 Best Place to Retire. That’s because you can get the same quality of life here as you would in a big city like New York or Los Angeles, but only pay a fraction of the price.
The city is rich in history and culture, and it has a thriving craft beer scene with several craft breweries to choose from. There’s also plenty of dining options for any budget. From the waterfront Vinoy Renaissance Hotel to the upscale restaurants on Central Avenue, you’ll find something for every taste — and every budget.
St. Petersburg is part of the Tampa Bay area which has two major league sports teams — the Tampa Bay Rays and the Tampa Bay Lightning — with the latter having won the Stanley Cup two years in a row.
The area is growing quickly and is a great place to find a job. Some of the largest companies in St. Petersburg include Raymond James, Jabil and HSN.
In October 2021, home prices were up 14.3% compared to last year, selling for a median price of $320K with median gross rent at $1,116.
Owning a rental property in St. Petersburg is a great way to diversify your assets and your income. You can also get several tax benefits and deductions (including our management fee).
Whether you need help with tenant placement, a bad tenant or managing your property or you’re thinking about acquiring additional ones, you can count on our professional team here at InvestPro Properties to help you achieve your goals.
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