10 Best Places To Buy A Rental Property – Fort Lauderdale is #9

That’s according to CNNMoney.  Many homeowners are having to short sale their home and/or going into foreclosure so they need someone to live and renting is really their only option.

Even though home prices in this pricey part of Florida are expected to fall further, rental rates are going strong.

Rents in Fort Lauderdale average nearly $1,100 a month and are projected to increase by nearly 10% over the next three years, according to Local Market Monitor.