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Orlando Real Estate Market: Time to buy?
Interest rates are still low, there’s a glut of houses on the market and now even high-end custom homes are seeing prices slashed. Is it time to buy a house? No way. The economy has yet to turn around, and prices are going to keep falling. Close, but not quite. If the market hasn’t bottomed out already, it’s getting there. It’s definitely time to start looking for a good buy. Absolutely.... [Read more]
RENTED – 12450 Kirby Smith Rd – Orlando, FL 32832
Fabulous, custom estate home for rent in the Lake Nona area. Gated drive takes you to this custom 5 bedroom, 3.5 bath rental home situated on 3.53 beautiful acres with 100ft of lake frontage on Lake Whippoorwill. Home features two 1st floor master suites, eat in kitchen, inside utility, 2nd floor study, and attached 2 car garage. Custom built in 2003 with 12ft Brazilian Oak Doors, Indian marble in... [Read more]
Some Responsibilities of a Property Management Company
A property manager is required to look after property management tasks, but also the management of the financial and investment needs associated with the land and buildings. This holds true whether it is a single family home, a condominium complex, or commercial location. On the outside, these jobs appear to take only minutes, but the resources needed for the entire position of property management... [Read more]
10 Reasons to Hire a Property Manager
Why would you even consider a property manager? For one thing, you decided to invest in a rental property, but don?t know what to do next. You?re not alone. The realities of maintaining and running a rental property can quickly become overwhelming- even to the savviest investor. Many times, people choose to hire a property manager to help them in the day to day tasks, which could be just the answer... [Read more]
Four Reasons Renters Insurance is Critical
If you’re a college grad about to rent for the first time — or even if you’ve been renting for years — it’s well worth it to plunk down the small monthly payment to cover yourself should the worst happen. As college graduates begin to migrate from the dorms in a few short months, one item they may neglect in their move to the real world is a critical one: renters insurance. Renters... [Read more]
Renters: Get Back Your Security Deposit
The language in rental contracts is often murky, so make things clear with your landlord before you move in and move out. And, of course, your best bet is to leave the premises as you found them. It’s moving day and you’ve packed up and scrubbed your rental clean. When you hand your landlord the keys, you’re confident you will have your full deposit back in no time. But after a few... [Read more]
Renters Get Relief from Foreclosure
Many of the households affected by the foreclosure crisis are actually renters, and a federal law is designed to keep them from being evicted with little or no notice. A federal law enacted this year offers renters more protection from eviction if their landlord loses the property through foreclosure. The law has some fuzzy requirements, but should be a boon to renters who otherwise might have been... [Read more]
FAQs on the New Home Buyer Tax Credits
President Obama has signed into law legislation extending the $8,000 first-time home buyer tax credit beyond its scheduled November 30 expiration and creating a new, $6,500 credit for longtime homeowners who buy a new home. With thousands of dollars at stake, it’s not surprising that potential home buyers have lots of questions. We have the answers. How does the extension of the first-time buyer... [Read more]
What to Know Before You Turn Your Home into a Rental Property
Here’s what you need to know about taxes and insurance if you turn your home into a rental property. Q: I will be transferred to a new city soon for my job, but housing prices have dropped so much since we bought our house that we can’t afford to sell it. Our only real option is to rent it out and wait for the market to recover. What do I need to know about insurance and taxes? A: First on... [Read more]
5 Inexpensive Ways to Improve Your Rental Property
If you had an unlimited budget for upgrading your properties you wouldn’t need an article like this one. In this current economic downturn we have to be creative and financially careful when we are trying to make our units more appealing. As a property manager, you know what it is like to have a tight schedule and an even tighter budget, so I thought I’d share with you some simple and “cheap”... [Read more]
Joey Guest