Posts By :

hello

150 150 Relevé Real Estate

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
500 375 Relevé Real Estate

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.

150 150 Relevé Real Estate

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.

150 150 Relevé Real Estate

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.

150 150 Relevé Real Estate

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

150 150 Relevé Real Estate

March 2016 Lutz Real Estate Statistics

The Lutz Real Estate Market Report for March 2016

According to the new data released by the Greater Tampa Association of REALTORS®, the Lutz, 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 Lutz:

 

March 2016 Lutz Real Estate Statistics

Status: Active (80)
    Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM
Min 1 1 456 $49,900 $50.94 1
Max 6 7 6,623 ###### $371.03 30
Avg 4 3 2,594 $400,017 $143.65 15
Median 4 3 2,488 $355,700 $139.42 13
Status: Active with Contract (30)
    Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM
Min 1 1 456 $59,900 $101.89 13
Max 5 6 5,761 ###### $213.93 255
Avg 4 3 2,654 $391,240 $143.11 80
Median 4 3 2,624 $386,000 $138.15 44
Status: Pending (81)
    Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM
Min 1 1 456 $64,900 $51.43 1
Max 5 4 4,443 $807,006 $225.23 255
Avg 3 3 2,107 $263,547 $121.52 39
Median 3 3 1,936 $241,300 $125.26 19
Status: Sold (79)
    Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM
Min 1 1 456 $32,900 $20.98 $33,900  
Max 6 6 4,622 $945,000 $305.94 $900,000 631
Avg 3 2 2,056 $253,382 $119.60 $249,656 68
Median 3 2 1,965 $219,900 $122.12 $207,000 30
Status: All (270)

 

The Lutz Real Estate Market is Strong

March is usually the slowest month for real estate sales in Lutz, 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 Lutz, FL zip codes of 33559, 33549, 33558 and 33548.  All information deemed reliable but not guaranteed.

March
1024 683 Relevé Real Estate

March 2018 Wesley Chapel Real Estate Statistics

The Wesley Chapel Real Estate Market Report for March 2018

New data released by the Greater Tampa Association of REALTORS® for the Wesley Chapel, Florida Real Estate Market.

Market Notes:

Wesley Chapel Real Estate Market Overall Condition:  Strong

Let’s take a look at the October 2017 real estate market numbers for Wesley Chapel, FL:

March 2018 Wesley Chapel Real Estate Statistics

  • median listing price of $283,000 for $127 per sq ft.
  • median closing price of $290,000
  • 983 homes for sale
  • 182 homes for rent
  • 99 median days on the market

February 2018 is usually one of the busier months for real estate sales in Wesley Chapel as buyers and investors prepare for the season.   We are finally starting to see an increase in median days on market and inventory as well as a decrease in sales and list price. This is indicating a more balanced inventory in 2018 compared to the last several years.

Get an Advantage

How can both buyers and sellers have an advantage in the Wesley Chapel, Florida real estate market?  Employ the services of a local Wesley Chapel real estate agent who has vast knowledge and experience of the market. 

Find Wesley Chapel Homes for Sale

For a complete list of available real estate in Wesley Chapel, visit Wesley Chapel Homes for Sale.  Make sure to subscribe to the blog so you don’t miss out on any Wesley Chapel homes.

Find out what your Wesley Chapel home is worth with a home value analysis and contact us to discuss your housing needs. Contact us for Wesley Chapel Property Management.

______________________________

These numbers cover all of the neighborhoods in the Wesley Chapel, FL zip codes.  All information is deemed reliable but not guaranteed

The above information regarding the “Wesley Chapel Real Estate Statistics” was provided by Relevé Real Estate. We have over 20 years of experience helping people buy, sell, lease and manage properties in the Wesley Chapel area. If you’re thinking of selling or buying, we’d love to share our knowledge and expertise.

 

 

March
1024 683 Relevé Real Estate

March 2018 Lutz FL Real Estate Statistics

The Lutz Real Estate Market Report for March 2018

Market Notes:

Overall Lutz Real Estate Market Condition:  Strong

February 2018 Lutz Real Estate Statistics

  • median listing price of $315,ooo for $141 per sq ft.
  • median closing price of $310,000
  • 667 homes for sale
  • 38 homes for rent
  • 72 median days on the market

March 2018 is off to a good start for real estate sales in Lutz as buyers and investors prepare for the busy season. We are starting to see an increase in new listings compared to 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.

Get an Advantage

How can both buyers and sellers have an advantage in the Lutz, Florida real estate market?  Employ the services of a local Lutz real estate agent who has vast knowledge and experience of the market. 

Find Lutz Homes for Sale

For a complete list of available real estate in Lutz, visit Lutz Homes for Sale.  Make sure to subscribe to the blog so you don’t miss out on any Lutz homes.

Find out what your Lutz home is worth with a home value analysis and contact us to discuss your housing needs. Contact us for Lutz Property Management.

______________________________

These numbers cover all of the neighborhoods in the Lutz, FL zip codes.  33548, 33549, 33558 and 33559. All information is deemed reliable but not guaranteed

The above information regarding the “Lutz Real Estate Statistics” was provided by Relevé Real Estate. We have over 20 years of experience helping people buy, sell, lease and manage properties in the Lutz area. If you’re thinking of selling or buying, we’d love to share our knowledge and expertise.

 

 

March
1024 683 Relevé Real Estate

March 2018 Land O’ Lakes Real Estate Statistics

The Land O’ Lakes Real Estate Market Report for March 2018

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 2018 is going to be a healthy year for the market.

Market Notes:

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

Let’s take a look at the March 2018 real estate market numbers for Land O’ Lakes:

February 2018 Land O’ Lakes Real Estate Statistics

  • median listing price of $275,ooo for $126 per sq ft.
  • median closing price of $278,000
  • 857 homes for sale
  • 82 homes for rent
  • 91  median days on the market

The Land O’ Lakes Real Estate Market Condition: Strong

Get an Advantage

How can both buyers and sellers have an advantage in the Land O’ Lakes, Florida real estate market?  Employ the services of a local Land O’ Lakes real estate agent who has vast knowledge and experience of the market. 

Find Land O’ Lakes Homes for Sale

For a complete list of available real estate in Land O’ Lakes, visit Land O’ Lakes Homes for Sale.  Make sure to subscribe to the blog so you don’t miss out on any Land O’ Lakes homes.

Find out what your Land O’ Lakes home is worth with a home value analysis and contact us to discuss your housing needs. Contact us for Land O Lakes Property Management.

______________________________

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

The above information regarding the “March 2018 Land O’ Lakes Real Estate Statistics” was provided by Relevé Real Estate. We have over 20 years of experience helping people buy, sell, lease and manage properties in the Land O’ Lakes area. If you’re thinking of selling or buying, we’d love to share our knowledge and expertise.

 

 

150 150 Relevé Real Estate

Rent Bubble?

 

rent bubble

Rents have been rising steadily across the nation.

“While it seems that rents are rising at the expense of home values, the opposite is true. A thriving rental market will stimulate home sales as investors snap up low-priced inventory to convert to rentals. That, in turn, will lower the number of homes on the market, which will eventually help put a floor under the value of all homes,” says Zillow chief economist Stan Humphries.

The fundamentals of investing do not change.  The real estate market has been more dynamic and extreme but the buying below market, renting for cash flow and holding for the long term is a winning strategy.

Relevé Property Management is a full-service Wesley Chapel Property Management company offering focus, efficiency and commitment to our clients.