Rate of return on regular residential properties is lower near the beaches, and a little higher
away from the beaches, but the costs of maintenance could erase the higher return.
I have a client whose house has been robbed several times within a couple of years that he
was selling it for - not in a good area. Rental returns are great there, but the tenants tend not to pay.
Vacation (short term) rentals are becoming more and more popular - because of their higher
return on investment and better location/potential value increase.
We are talking 8 to 11% return in this case.
Hope this helps,
Beachfront Realty, Inc.
1. Property is in very very very poor condition.
2. Has numerous code violations and/or fines which are the responsibility of the Buyer to resolve.
3. Competitive list price to generate multiple (higher) offers. A strategy many Asset Managers on Bank Owned properties often use.
4. Property is not a good investment, period.
Give us a call anytime or send an email. My team can provide the guidance you need.
The Andre Shambley Group
Real Living FSR
I have 2 short sale listings - 1 bedroom condos - which will be on the market for $35,000 each. I also own a Property Management company, which specializes in helping absentee owners manage their residential investments in South Florida. We manage both your properties and tenants. This is our website: http://ibispropertymanager.com/
If I can be of any help, please contact me. Good luck!
Ana Ibis Valladares, Realtor, CREOS, CDPE, PPME, TRC
Certified Short Sale and Foreclosure Specialist
Professional Property Manager Executive
Florida Realty of Miami, Inc
Cell # Miami-Dade (305) 525-0120
Please kindly contact me back to my email below.
Vivienda Miami Real Estate Group
I would be happy to help and assist you in regards to the Miami real estate investment market. Most of my clients are foreign investors with limited time and in need of guidance during the process. In order to start the process, I could send you information on properties for sale for your consideration.
Give me a call or send me an email. Regards,
Ziegert International Realty, LLC
If you would like me to send you some listings and fill you in on the Southern Florida property market (i.e. the differences from that of the UK which I operated in for some time) feel free to send me an email.
All the best,