Rental Property Investing and Real Estate Information
Investing in South Florida real estate?
2782 SE Mariposa Avenue, Port Saint Lucie, Florida 34952
BUILD YOUR PERFECT CUSTOM HOME! Fantastic location at the end of Mariposa Avenue in
an established residential neighborhood. No HOA! Walk to Mariposa Elementary School,
just a 5 minute drive to Savannas Preserve State Park, 10 minutes
to Jensen Beach and lots of great restaurants and shopping.
Lots of growth in the area!
Interested? Email or call Christa
305-205-8913 for more information!
Florida Realty of Miami
IMPORTANT! Interest rates fluctuate, that's what they do. BUT they are at HISTORIC LOWS right now.
If you have great credit, it's possible to secure a mortgage with an interest rate in in the 3.5-3.9% range...
THAT IS REALLY REALLY LOW!
Talk to people that bought/sold in the 80's... two digit interest rates!
Talk to people who bought/sold in the 90's... 7-9% interest rates!
In the 70's... some parts of the country had to resort to "bartering" because interest rates
were so high it was preventing people from selling AND buying... so they were TRADING!!!
Can you imagine???!!!
If you are new to rental property investing, need to become a landlord because you aren't able to sell right now, or you tried flipping and got stuck with a property you aren't able to sell... it's crucial that you take the time to learn the ins and outs of landlording, all the potential pitfalls, and equip yourself with the knowledge (and professional help) to set up and run everything legally and SMARTLY!
For instance, how much will you charge for security deposits? Will that amount cover potential damage or eviction costs? And what about maintenance: will your tenants be responsible for the yard or paying all utilities, and how will you enforce it without costing yourself extra money? Who will prepare your lease, and will that lease be tailored to your property and needs? What about bookkeeping of all the expenses and income, and 1099 tax prep needed? While it's all definitely doable by anyone... it takes a lot of research and education to make sure you set everything up for success. It's VERY easy to lose money in the real estate/rentals niche. And what if you DO have losses? Are you documenting them to be able to take the right losses on your tax returns? Real estate losses can, in some circumstances, SAVE you money!
We have many years of experience with rental property investing, and all the management challenges that come with each different property and tenancy. We like to share our experiences so sign up for our newsletter and bookmark this site and visit us often!
Tenants are having the most difficulty in the 2019 South Florida market. Finding affordable rentals in most areas within South Florida can be very difficult. Renewals are now commonly jumping $100 a month or more to remain for another year. Oftentimes there are multiple offers on the same rental property, so anyone with less than stellar credit scores or less than 3:1 income/rent ratio need a longer time frame to secure a new rental property as well as lots of patience. Because South Florida is very transient (lots of people move in and out, more in... all the time) rental rates remain well above the national average and continue to rise.
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