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Rental Marketing Land O’ Lakes

Rental Marketing Land O' Lakes

Rental Marketing Land O’ Lakes

Vacancies will kill your cash flow. Having your property vacant just one month can wipe out all of your profits from the year.  It is better to secure a tenant for $50 less than what you are asking than to have your property sit vacant for a month.  Being real estate investors ourselves, we adopted the philosophy of ‘keep it rented.’

So when we have a property coming available, we do everything we can think of to get it rented fast.

Our biggest successes have come from marketing our properties online.  This not only gives us a lot of great targeted leads, it doesn’t cost our owners a dime.

The video is becoming more popular on the web.  Videos are also being factored into rankings on search engines like Google, Yahoo and Bing.

If you list a video with the area + for rent in the title, then your video link will show up in property searches for that area.

The actual ad looks a lot better and gives the prospective tenant a better experience in shopping for a home to rent.

The advertising costs to our owners are still zero, but we now create great looking video advertisements for their properties.  They are posted on the Relevé Property Management channel of YouTube.

Going forward, videos will become more and more important in finding and securing good tenants.  Sun Rock will continue to utilize technology to make your property stand out from the rest and eliminate vacancy.

In Pasco and Hillsborough counties, Florida, We Manage Your Investment.

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Don’t Bank on a Growing Population

 

growing population

A cornerstone of the wisdom of the Rich Dad, Poor Dad books, was real estate is a good investment because the population will always grow.

More people will need more places to live and property will be more valuable.

The turbulent economy over the recent past has taught many that always never happens.  So what if the US has a declining population?

Fewer people will need fewer places to live and property will be less valuable.

In the book, The Next 100 Years, by George Friedman, he predicts a declining population in the 2030’s and 2040’s.  Venturing a hypothesis that the US will have to incentivize immigrants to come in and people will earn very high salaries because there will not be enough workers.

Friedman’s supports his theory by explaining changes in financial incentives for children over the last century.  People used to have a lot of kids because they needed them to work on the farm or in the factory, contributing income to the family.  Now kids go to school until they are about 25 years old.  The shift from income to expense gives financial reasons to have fewer children.  Add in the Great Recession and your birth rate plunged to historic lows.  The U S recently had the lowest birth rate in over 100 years.

When looking at a long-term investment strategy, don’t bank on always.

For expert property management you can depend on, contact Relevé Real Estate and Property Management

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Finding a Tenant in Land O’ Lakes

Finding a Tenant in Land O' Lakes

Finding a Tenant in Land O’ Lakes

Properties do not necessarily have to be listed on the MLS.  The MLS would be more for prospective tenants that are looking for a rental with a real estate agent.  Generally, the commissions are not that good for tenant location, so most real estate agents do not pursue these leads.  Usually, it is for a friend or referral.  Overall, the MLS is geared more towards sales and for listing your rental property and finding a tenant in Land O’ Lakes, Florida, it is best to have the advertisement show up on many different websites.The MLS used to be the only thing out there to buy and sell properties.  But now with so many resources online, it is irrelevant.

Most of the sites are free, and there are sites that circulate the ads to multiple sites.  Most of our leads come from Zillow, Craigslist, and the company website.  Zillow is still the current king of finding tenants online.  Everyone uses it.  We post our properties to over 50 different rental listing websites. We get a couple of leads from HotPads and then some from local rental pages.

If your property manager tells you their advertising strategy is to list the property on the MLS, this is probably not the fastest and most effective way to find a tenant in land o’ lakes, Florida.

For expert property management in Lutz, Land O’ Lakes and Tampa, Florida, contact Relevé Real Estate and Property Management

Selling Above Asking Price
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Selling Above Asking Price

Selling Above Asking PriceEach home proprietor needs the best arrangement when they at long last choose to offer their home. It’s each homeowner’s fantasy to see an offering war follow. Shockingly, most homeowners wind up settling for normal or even beneath normal offers as indicated by most real estate specialists. What most home venders neglect to perceive is; getting an awesome arrangement doesn’t involve luckiness, timing or even area. It has more to do with being furnished with the right information concerning the brain research of a home purchaser and showcasing the quality to your home. How about we get directly into it and talk about the key to offering your home for more than the asking cost.

1. Request less to get more

This is by a wide margin one of the best-kept mysteries of offering a home for more than the asking cost. In spite of the fact that this methodology gives off an impression of being counterproductive at first look, it works ponders by making the vital consideration required to make a wild offering war. It’s significant that offering wars are made when there are different willing purchasers and to get numerous ready purchasers, the cost must be extremely appealing i.e. lower than the going business sector rate. When you value your home lower than the business sector rate (preferably, 5-10% lower), you will undoubtedly pull in more purchasers who will offer better offers to outbid other intrigued purchasers. You are will undoubtedly get incredible offers since potential purchasers will realize the genuine estimation of your home when they see it.

2. Try not to acknowledge the principal offer

This is another best kept mystery for offering a home for more than the asking cost. It doesn’t make a difference how great the main offer is, you ought to sit back and watch what different offers come your direction. At last you need to have the capacity to develop wild rivalry between intrigued purchasers, which will at last build your home’s last cost. An intrigued purchaser is continually ready to offer more within the sight of rivalry.

3. Approach financial specialists

Financial specialists may not be the primary individuals you think off when you need to offer your home, be that as it may, they are extraordinary in light of the fact that they are constantly prepared to go up against great arrangements and they likewise give the genuinely necessary motivating force to compel standard home purchasers to part with some more money. This system is incredible particularly on the off chance that you have a home with an awesome venture potential i.e. a home that can be effortlessly renovated to offer more rental space/bring a higher cost. Search for offers from financial specialists just to inspire customary home purchasers to offer more than the asking cost.

4. Make your home emerge

You additionally need to make your home emerge for you to get more than the asking cost. You need to do all the essential redesigns to make your home great. It is, be that as it may, essential to put resources into remodels that increase the value of your home instead of consuming your benefit. Case of remodels that will expand your home’s estimation incorporate; repainting, finishing, rooftop, loft and storm cellar redesigns. Such redesigns support the estimation of homes by roughly 10% or more and additionally make homes emerge. To cut expense without bargaining the result, you can think about doing as some remodels yourself i.e. repainting and finishing.

5. Highlight what makes your home celestial/emerge from comparable homes

Each home has a key offering point that may not as a matter of course be identified with the elements. It could be anything really from some additional patio nursery space to an uncommon tree animal groups in the lawn or an acclaimed occupant who once lived in the house. You have to discover the most one of a kind parts of your home and highlight them to potential purchasers to make them agreeable about offering more than the asking cost. You shouldn’t make due with the normal approaching cost for homes like yours. Locate the most exceptional components of you home and highlight them.

The above data highlights the top mysteries to offering a home for more than the asking cost. You don’t get the best arrangement for your home in light of sheer good fortune, the area or offering your home at the ideal time. It’s more about understanding what makes a potential home purchaser consider paying more. Making offering wars is an awesome method for getting more than the asking cost. You ought to likewise concentrate on making your home remarkable and in addition highlighting your home’s uniqueness.

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Land O’ Lakes Real Estate Market Bottom

Land O’ Lakes Real Estate Market

Land O' Lakes Real Estate Market

It’s been a while since the crash of the housing market, but it is the decline of home values over yet?

If you ask a realtor, mortgage broker or builder, they will tell you it is a great time to buy. That the housing market can not get any lower and that “things” are getting better. I would like to believe them, but I do not see how things can get better when they are propped up, and there are no catalysts to increase demand.

We still have low-interest rates. Rates should be higher due to the amount of risk involved with lending money in this economy and depreciating collateral. Interest rates are being kept artificially low by the Federal Reserve. If market forces eventually push rates up to where they should be, then we could hit bottom. Will rates ever go higher?

We still have Fannie Mae and Freddie Mac, they have been bailed out and continue to buy loans on the secondary market. This eliminates risk for banks to lend responsibly and was part of the reason for the bubble in the first place. With government sponsored entities buying up every loan and banks being bailed out, they are not learning from their mistakes. The elimination of risk keeps banks lending and slows the fall to the bottom.

Unemployment has been going up, and I haven’t noticed any new jobs being created. As a property manager in Wesley Chapel and Tampa, Florida sees a lot of vacant commercial space and people not spending money. In a service-based economy, this is not a good thing.

My guess is that we have a long slow ride to the bottom, which could take 5-10 years (hopefully not 17). Then from there we will see a less volatile market with slow and steady appreciation that keeps pace with population growth and hopefully inflation.

Tell us what you think.

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Lutz Landlord Screening

Lutz Landlord

Lutz Landlord

As the collapse of the housing market continues, foreclosures are all too common. Many good tenants, who pay their rent on time are finding themselves having to move because their landlord has not been paying the mortgage.

Tenants are learning lessons from the housing bust. It is wise to check out the landlord before signing a lease, moving all of your stuff in and paying rent. This is not too difficult to do, the main thing the tenant needs to see is the pay history on the mortgage for the last two years. One way to accomplish this is to run a credit report on the Landlord to show payment histories on all of their mortgages. With authorization, a verification of mortgage (VOM) could be sent to the Landlord’s mortgage company. The VOM could take over a week, so it is a good idea for a landlord to go ahead and request it so that it can be provided to prospective tenants at application.

When a property goes into foreclosure, the landlord should be upfront with the tenants about the situation. The tenants could possibly sue as they are promised uninterrupted enjoyment of the property in the lease. If a foreclosure process is started, any property management contracts are voided.

For more cash flow maximizing advice contacts Relevé Property Management, no strings attached.

Down Payment
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Saving for a Down Payment

Down PaymentBeing a tenant has a few points of interest. No paying off the home loan, no property charges, and the landowner deals with any support and repair costs. In any case, leasing your home has one noteworthy disadvantage: You are burning through cash on rent without increasing any value of the property.

Numerous tenants need to claim their home, however battle to discover the money expected to make an up front installment on a property.

Truth be told, a late overview led by the site gobankingrates.com demonstrated that a fifth of grown-ups in the U.S. try not to utilize a bank account, while 33% of those that do have zero assets in their record.

Beneath you will locate some top tips to help you begin sparing and set aside enough finances to put an initial installment on a home.

Set an objective

Knowing the amount you can bear to spend on a property is significant to help you recognize the amount you should put something aside for an up front installment.

In the wake of working out the amount you have to spare, you ought to aggregate a point by point sparing arrangement to achieve your objective. Having an objective to reach will help you lock in and begin to put cash away. You will think that its difficult to spare in the event that you attempt and put aside an obscure measure of money for an up front installment.

Work out your ways of managing money

Experience your Mastercard and bank articulations throughout the previous couple of months to discover where your cash is spent. You can then concentrate on the territories of spending you can curtail.

Eliminated your link bill

The normal household bill for digital TV has soared in the most recent 5 years and now remains at about $100 a month, up almost 40% from 2010. Unless you as of now have, eliminating your link bill is an incredible approach to spare cash each month. On the off chance that you can’t force yourself to cut the line, you can converse with your link supplier and endeavor to bring down the bill and search for a superior arrangement.

Dispose of your exercise center enrollment

Make the outside your free exercise center. Running, cycling and climbing are all incredible practice and don’t cost a penny. In the event that the climate is awful or you are as of now agreed to a year’s enrollment, most exercise centers offer a rebate on the off chance that you can get a companion to join.

Scale back your present rental property

In the event that you right now lease a one room loft, then downsizing to a littler studio can spare you several dollars a month. A littler property likewise implies less expensive service bills.

Make some pay as an afterthought

Because of today’s mechanical present day universe of versatile web and advanced mobile phones, it is simpler than it ever has been to profit from a side occupation. In the event that you claim an auto, then you have an immense preferred standpoint and can hop straight into work with circumstances like Uber and Postmates.

Get a high return bank account

Leaving your reserve funds in a financial records does not win you any noteworthy interest. Move your assets to a high return account and get some enthusiasm on your reserve funds.

Get a Visa with money rewards

Drop the no nonsense charge card that you presently have and get hold of a Visa with an awesome money back prize plan. Visas that offer a prize plan ordinarily have a higher loan fee, so make certain that you make customary on time regularly scheduled installments to clear the parity.

Set aside your duty discount

It can entice to spend what you get back in your duty discount every year, except by setting aside any cash returned you can make huge strides to achieving your objective of bearing an up front installment.

Offer some of your stuff

Pick a day in the late spring months with a gauge of good climate and toss an out-dated yard deal. Post signs around the area in the days paving the way to your deal and get online to advance it on facebook and craigslist. The more advancement you do, the more individuals turn out, and the more cash you make offering your stuff.

Offer your stuff online

Is it accurate to say that some are of your belonging important or very looked for after? You will likely get more money by offering them online through eBay than you will at a yard deal. While, bigger things of furniture tend to offer better on Craigslist.

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Lutz Home Prices

Lutz Home Prices

Lutz Home Prices

In Hillsborough County, home and condominium resales rose in October. However,  there’s still a debate about the housing market recovery.

According to the Florida Association of Realtors, sales of existing single-family homes in the Tampa-Lutz market rose nearly 50 percent in October compared to the same month a year ago. Sales of previously-owned condos also escalated.

Bargain-hunters and first-time homebuyers seeking the federal tax-credit deadline pushed the sales spike. This led to a decrease in the median sales price from a year ago.

Lutz, FL remains a growth area as the Tampa Bay area population spreads out.  New construction, such as Long Lake Ranch, will continue to bring in more residents and eventually, more local businesses.   Rental rates remain high across the board in Lutz, with limited supply causing an acceptable level of demand.

Whether you are looking to purchase a condo on the 10th-hole or a beautiful home in the Lutz area, prices are right for an investment in a rental property.

Contact Relevé Property Management for all your investment rental property management needs.

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Are Your Real Estate Dreams Crushed?

real estate dreams

Maybe you had big dreams about becoming a real estate investor, using other people’s money to leverage BIG deals, create a passive income and build a high net worth.  You were going to live the good life, own big houses, luxury cars, travel around the world and basically do whatever you want without worrying about money.

In the mid-2000s, these dreams were coming true for many.  There were stories every day about people making BIGprofits in real estate.  Houses were appreciating like crazy, and you had to get a piece of the action before it was too late.

Then the housing market crashed started crashing, those properties you bought are now worth half of what you owe on them, they have been for sale for a year with no inquiries, unemployment is up and tenants stop paying their rent.  Maybe you now have a foreclosure or two on your credit report, and maybe it was a big mistake to get into real estate in the first place.  Maybe you should forget about those dreams and just be happy you have a job.  Or……

Maybe you should get back in the game.

If you did buy an investment property then you learned quite a bit.  You would have started by getting lots of information on how to buy investment properties, getting a mortgage, finding a realtor, going to a closing, being a landlord, etc.  So this means you have a pretty solid base of education in the real estate industry.  If you have been through the process start to finish then you also have experience in the real estate industry.  If you then have experiences where you defaulted, ruined your credit or lost a lot of money, you have the most valuable experience of all, failure.

Say you bought a house for $300K and now it is getting foreclosed on.  That is a $300K lesson learned in real estate.  How many real estate courses can you buy for $300K?

My point is that if you do not use any of the valuable education or experience you have acquired, then that is just stupid, right?  You must learn from your mistakes, Excessive Cash always follows education and experience.

So dust yourself off, get creative, realize that the real estate game has changed and follow these rules.

Don’t

  • buy for appreciation
  • think a mortgage is the only way to buy a property
  • think you will sell in 3 months
  • have a negative cash flow
  • speculate
  • buy at market value (it is going to depreciate)
  • be in a hurry

Do

  • have an exit strategy
  • a cashflow analysis
  • utilize the internet and realtors to find the properties for you
  • submit low offers
  • be patient
  • realize that there are other places to invest
  • find private investors who would love to have a 8% secured return

Relevé Real Estate and  Property Management – Full-service property management in Lutz, Land O’ Lakes and Tampa, Florida.

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March 2016 Land O’ Lakes Real Estate Statistics

 

The Land O’ Lakes Real Estate Market Report for March 2016

According to the new data released by the Greater Tampa Association of REALTORS®, the Land O’ Lakes, Florida Real Estate Market is showing signs that 2016 is going to be even more aggressive than 2015.

 

Market Notes:

This is the first time in several months that we have seen more homes come on the market than sold. Hopefully, this is an indicator of a much-needed boost to our housing inventory.

Let’s take a look at the March 2016 real estate market numbers for Land O’ Lakes:

 

March 2016 Land O’ Lakes Real Estate Statistics

Status: Active (124)
    Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM
Min 1 1 504 $29,900 $22.25  
Max 6 5 4,486 $664,900 $257.74 30
Avg 4 3 2,311 $271,915 $119.18 14
Median 4 3 2,270 $249,444 $116.06 13
Status: Active with Contract (53)
    Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM
Min 2 2 1,090 $77,500 $46.13 9
Max 6 5 4,293 $459,900 $197.93 584
Avg 4 3 2,168 $231,614 $108.75 69
Median 4 2 2,027 $205,000 $108.51 33
Status: Pending (102)
    Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM
Min 2 1 784 $29,900 $28.97  
Max 3163 4 4,846 $625,000 $172.65 338
Avg 35 3 2,226 $238,147 $106.52 56
Median 4 3 2,070 $215,995 $106.77 28
Status: Sold (128)
    Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM
Min 1 1   $10,900 $24.04 $7,500  
Max 7 5 4,054 $595,000 $192.03 $570,000 719
Avg 4 3 2,115 $225,407 $107.84 $220,781 77
Median 3 3 1,958 $207,450 $107.98 $206,250 48

 

The Land O’ Lakes Real Estate Market is Strong

March is usually one of the slower months for real estate sales in Land O’ Lakes as buyers and investors prepare for the spring season, but it was still 25% busier than this time last year. We are finally starting to see an increase in new listings by 34% over last year. This is very good news for homebuyers who have been struggling to find the right house because there have been so few homes on the market. Our hope is that this is an indicator of a more balanced market as we move into 2016.

These numbers cover all of the neighborhoods in the Land O’ Lakes, FL zip codes of 34637, 34638 and 34639.  All information is deemed reliable but not guaranteed