1.Â Overlooking key costs-Â Don't forget to add 3-6% to the purchase price for repairs.2.Â Forgetting that time is money.- Sometimes it is smarter to take less rent then the let the home sit vacant.Â
Congratulations to Jim and Sonya on the purchase of your new rental house.I am looking forward to a long and prosperous relationship of working with you two! You two are great! Thank you for hiring me
Consider rural areas, where people are often more pet-friendly than investor owners. In Brevard, there is an area Canaveral Groves (I think that is right), that has more rural homes. The Ocala area is well known for horse farms/ranches. This kind of area often holds more promise. Check out http://OcalaForSale.com for listings.
I am a huge animal lover and would be the one to ask "Do you have pets?" and hope the answer is "Yes, many!" My townhouse (for sale, FSBO) would be great for pets, as it has upstairs & downstairs screened porches on both front and back of unit! But, there is not fenced yard. But great area for dog walking, to be sure. One neighbor walks her 2 large huskies because she can do a long, long walk under total shade of the mature oak trees.... more
Big mistake on your friend's part. If thefriend is not on the lease he cannot force him to pay & depending on what it says in his lease about other/additional persons living there, he may be in violation of his rental agreement with the owner and could face eviction. My best advice is for your friend to contact a local attorney & consult with him.... more
In this hot rental market, properties get scooped up fairly quick in the Melbourne FL area. The key is to have yourself "Rent Ready" with your application packet. Rental apllications are accompanied with
Property basics such as number of bedrooms , baths, pool, appliences and general condition are always a criteria to determine a fair rental. In the end the location and neighborhood are going to get the most attention from prospective renters. Consult with a realtor who is familiar with the area.