It entirely depends on how you structure it. Are you paying cash or need a mortgage on them? There are many solutions such as placing some properties in a trust or corporation which would enable you to receive more mortgages on them. Get into touch with me, I am pretty good at achieving what you are trying to accomplish. P: 888-320-7888 - www.MortgagesforAmerica.org or e-mail me with any questions - Ken@MortgagesforAmerica.org... more
Hi Collins, you may need to give a higher deposit if you are going to rent from a private owner, but your best bet will be an apartment complex until you are able to improve your credit. Good luck!... more
Cathy, I think I had the possible tenant. I will call Autumn tomorrow and give her info on community. I just sold a unit last week and have another one closing next week, in that community.
I'm not sure if an attorney can help, but I will pass along info of a real estate attorney to her. I would think it would help if you had anything from RealManage in writing with rental approval.... more
I made the move down from NY some years ago and I am certain you will enjoy the Florida lifestyle. With credit that is not the best, you should plan on paying first, last and security. There is also an application fee averaging $50 per person, and a pet fee (when applicable) of about $300 per pet. Please feel free to search for rental properties at www.DanTurnerRentals.com and let me know if you find properties you would like to view.... more
In Tampa Bay we have many preforeclosure properties so it's crucial for a tenant to verify the Seller is current on his mortgage or the tenant could end up having to allow "showings" to prospective buyers on a short sale. Also if the landlord is insolvent it may be difficult if repairs are needed, too. Also the deposit is supposed to be held in a separate account but some landlords may not and it could be difficult to get the deposit back.
We have a shortage of rentals in Tampa Bay so the best properties get grabbed up within days of being listed so you need to act quickly. There is not much room for negotiation, unless the property is overpriced. To capture a good price, you also need to start the lease as soon as it becomes available so don't waste time looking sooner than about 30 days before you will sign the lease.
All the best,