Industry Overview
The housing industry is booming in Florida. Florida is the third most populated state and the 5th highest growth rate, according to the US Census Bureau. More people are moving to Florida and its creating a demand for housing. Also, there’s interest from international investors and creative ways to finance small and medium size investment deals.
The overall trajectory of the global property management industry is also going upward. In a trends report by the MART Research Group, in 2017, the global property management market was valued at approximately 13 billion. It is “anticipated to grow with a healthy growth rate of more than 8.5% over the forecast period 2018-2025.” These numbers represent the potential market for the property management market. The market is showing year-over-year growth with no end in sight.
The American real estate market has a plethora of public information available online. Most other countries do not have access to services such as Zillow, MLS and other databases. Free information, plenty of financing options and market stability, make America an attractive investment for internationals.
ALI LLC provides property management, a valuable service for international clients. There is a need for quality, hands-on management that no software can provide, especially for far away investors.
The different between the average American versus an international investors is Americans will want to pay less for the same property. International investors see the property and its foundation in a stable country as added value. This is worth a premium to them.