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33410 : Real Estate Advice

  • All28
  • Local Info1
  • Home Buying12
  • Home Selling3
  • Market Conditions0

Activity 23
Thu Sep 3, 2015
Javier Montiel - Top Local answered:
Only Realtors can advertise homes for sale on trulia.
0 votes 1 answer Share Flag
Mon Feb 23, 2015
Thomas Hopkins answered:
Hi there, listing the property yourself is a great option. If you live in the area it is a great way to make an extra 10%/ month on your rental. Over 50% of all rental properties are managed by DIY (do it yourself) landlords just like you. Here are some things to consider if you are going to manage the property yourself.

1) you need to live close by to be able to show the house to potential tenants
2) use craigslist (free) to list your property, it is where every tenant searches
3) use an online application and tenant screening tool (free) like www.tenantopia.com

If you are going to hire a property manager you usually have a few options
1) (1 full month fee, plus 7-10%/month) full service - they list, show, select the tenant, and manage issues as they pop up.
2) (1 full month fee) just the listing - they will list and show the place and allow you to make the tenant selection based on their recommendation but then they will not manage the property after that.
3) (7-10% / month) just manager the property.

In summary, being a DIY landlord can save you a lot of money, but be prepared to do a little work whenever it is time to find a new tenant. Remember, it is all relative. Name any other business where you only have to work 1x every 2-3 years and get to make the kind of money that you make every month from collecting rent. If you are going to hire a property manager, make sure it is for the right reasons. Best of luck.
... more
0 votes 8 answers Share Flag
Thu Jan 29, 2015
Scarlett Chan answered:
It can range between 10% to 1 months rent. Here are the services that I include for my clients

1. Market your property on over 25 Websites.

2. Create a Virtual Tour so that your property can be seen prominently via the Internet.

3. Market your property in various local publications.

4. Create marketing flyers to effectively promote your property.

5. Show your property to potential tenants.



Qualifying The Tenant and Renting your Property

1. Each potential tenant must complete our Tenant Application Form, which includes information about their past landlord(s), employers and information about themselves, which we verify for accuracy by contacting their references.

2. Conduct a Credit, Eviction and Criminal Background Check.

3. Negotiate rental terms, conditions and prices on your behalf.

4. Ensure all required forms are properly completed and provided to Homeowners / Condo Owners Associations in a timely manner.

5. Create and complete the Lease to Contract and have our Attorneys draw up the Lease between you and your new tenant.

6. Perform the Initial walk through as well as the Final walk through of your property.
... more
0 votes 6 answers Share Flag
Fri Nov 14, 2014
Annette Lawrence answered:
Yes you can.
There will be some surprises lurking regarding what YOU are allowed to do and what the banks will do. These distressed sales can be very complex. If you can find a home owner willing to play ball with you, get the deal done as fast as possible. As others have pointed out, your proposal does not deliver the best financial outcome for the owner, but, as we all know, every situation is different and presents a unique set of challenges.

A home owner would be well advised to determine if the buyer has the resources, knowledge and experience to overcome the road blocks ahead. In the end, a failed effort hurts the owner more than the buyer. The result may prove unrecoverable for the owner. Please, before you impose this risk to a owner, make sure you know what you are doing or hire someone who does.

Best of success,
Annette Lawrence, Broker/Associate
Remax
Palm Harbor FL
727.420.4041
More about CIS Score: http://bit.ly/1uHGE3K
... more
0 votes 4 answers Share Flag
Mon Sep 15, 2014
Dan Tabit answered:
Steven,
Trulia only accepts listings for sale from licensed agents. If you are selling by owner you'll need to post elsewhere. Even if Trulia did accept your listing and you found every other non-mls site, you wouldn't reach but a portion of the audience your local MLS site would reach. Exposure brings interest and offers.
Best of luck.
... more
0 votes 1 answer Share Flag
Mon Oct 7, 2013
Tom Priester answered:
John,

Each year the snow birds flock to our shores and each year the number of visitors becomes larger. While we still have availability you really need to get something under contract or finding something that will work for you becomes more and more difficult. With your budget and required months there are very few opportunities in Palm Beach Gardens at this late date but you do have a few options.

Keep in mind with seasonal furnished rentals you will also be responsible for an 11% state tax on top of the agreed upon rental amount. Since you are looking for almost 6 full months you will want to negotiate a lease for 6 months and 1 day to avoid tax being due. If you have pets that you will be bringing with your your options will be even more limited. Finally any of these units will have an association with an approval process. This can take two weeks or longer so you are quickly running out of time.

A very clear description of your specific requirements is the best place to start and if I can be of service to you and your family I would appreciate the opportunity to be one of the agents you may choose to interview. We are experts in finding our clients that "needle in the haystack" and would love to help you find yours.

Best of luck and if I can offer anything additional please let me know.



Always at Your Service,


Tom Priester e-PRO
"Results Driven Real Estate"

Keller Williams Realty
561 308-0175
tom@tompriester.com
... more
0 votes 4 answers Share Flag
Sun Aug 11, 2013
Antonio Vega-Pacheco answered:
Chinese drywall:
During the housing boom 2003 -2006 many builders were faced with a shortage of drywall. They imported some from China.

Chinese drywall was made with high sulfur content. This sulfur creates fumes that makes humans and animals potentially ill, and also corrodes the metal in major systems in your home such as copper plumbing and wiring. Some government websites go as far as stating that the corroded copper in electrical wiring can arc and create a fire.

To remediate Chinese drywall, the interior of the home has to be gutted down to the studs, with all wiring and copper plumbing replaced.
... more
1 vote 3 answers Share Flag
Sat Apr 20, 2013
Tom Priester answered:
Body,

It you are asking about on-going expenses associated with the ownership of real property in Palm Beach Gardens much has to depend on what type of property (single family home, condominium, town home), what type of loan (FHA, conventional, other and where the property is located. Besides mortgage related expenses your two biggest expenses will be property taxes which you can use as a rule of thumb about 2% to 2 1/2% of purchase price and community fees if the property is encumbered by an association. Keep in mind your monthly loan expenses will vary dramatically if you are doing an FHA loan that will require Private Mortgage Insurance. Lawn care, pool maintenance, electric, water and other utilities and property insurance should also be included in your monthly budget. And make sure you set aside a few dollars for a margarita at the beach!

In today's fast changing market, buyers must prepare well and be ready to act quickly or they will miss out on the best opportunities that do come along. The most important thing you can do is locate a qualified Realtor who can properly assist you in clearly defining your objectives and designing a game plan to help you meet them. When it comes to hunting down the perfect opportunity we have geared our systems to be centered on your needs and take great pride in offering you the best home shopping experience anywhere. We are only happy when you open that door to your new home! I would certainly be honored to be included on the list of any Realtors® you may choose to interview and am happy to be of help to you and your family with any, and all, of your real estate needs throughout Palm Beach and Martin Counties.

Best of luck and if I can offer anything additional please let me know.


Always at Your Service,


Tom Priester e-PRO
"Results Driven Real Estate"


Keller Williams Realty
561 308-0175
tom@tompriester.com
... more
0 votes 1 answer Share Flag
Fri Oct 12, 2012
Bob Brubaker answered:
Cathy, Some leases call for compensation to the leasing agent at the
renewal of an existing lease. More Common in Commercial and "High End"
Condo lease agreements. Your current lease will have the terms of renewal
and who is responsible for any commissions involved.
As "new " fee outside of your lease agreement this would be unusual. Contact the
Manager for an explaination . I f it can't be shown how this applies to you
consult a Real Estate Attorney,
... more
0 votes 3 answers Share Flag
Sat Sep 29, 2012
Maggie Hawk answered:
Ann,
In answer to your first question, there isn't any set fee that Realtors charge for performing property management.

I really believe your second question is a much more important one. When hiring a Realtor to manage your rental property, you need to find how they conduct their business. Inquire about the following things:

(1) How does this company screen potential renters? You need to find out what they do beyond a basic credit check. The best property managers use thorough screening services--ones that will find out if your potential renter has ever been evicted, for example.

(2) Does this company collect rent for the first AND last month, as well as a security deposit? It could matter if your renter skips out without paying for the final month AND trashes your property.

(3) What is their pet policy? Insurance companies consider certain breeds of dogs more likely to be involved in attacks. A careful property manager who is protecting your interests will base his;/her pet policy on these guidelines.

(4) How do they handle repair issues? The company should have a policy on this. It's best if they collect funds from you upfront to be held for you in escrow in case an appliance, for example, needs a repair. For major items, their repair policy might state that anything costing over an agreed upon dollar amount (such as $500) must be authorized by you in writing.

(5) How do they choose the support people they use? Do they only work with reputable, established cleaning companies and repair people who are licensed and insured in the state where they're working?

As to your last question, "Maybe." Some property managers may offer a lower fee for their services to landlords who bring them multiple properties to manage. However, don't get hung up on the fees. A good property management company is worth the peace of mind they bring you.
... more
0 votes 3 answers Share Flag
Fri Sep 28, 2012
Julie Rosenthal answered:
Hi, Ann, All fees are negotiable. I do offer a discount plan. Please email text or call to go over the details. Thanks! Julie Rosenthal, Broker / Property Brokers International mobile phone (561)827-6789 email: julier6789@gmail.com . Helping people buy sell and rent in Florida 30 years. ... more
0 votes 2 answers Share Flag
Wed Sep 26, 2012
Lynn Byrd answered:
Hi Ann. I have a weekly executive summary and a monthly update for any zip code you would like. I currently send one out for 33410. If you would like to receive this report, just email me you email address and I will set you up.

Thanks Much,

Lynn S Byrd
Illustrated Properties
Exclusive Properties Division
5500 Military Trail
Suite 42
Jupiter, Florida 33458
(561) 762-2772
... more
0 votes 4 answers Share Flag
Mon Jul 16, 2012
Diana De Paola Nardy answered:
Hi. I am happy to recommend a few excellent morgage people for you! Every client that works with them closes their property with the least hassle. They are excellent communicators throughout the entire process. Please reach me at 561-371-3334 or email me to assist you. Kind regards,D ... more
0 votes 8 answers Share Flag
Mon Jul 16, 2012
Diana De Paola Nardy answered:
Hi Ann,
There is a Walmart on Indiantown Rd. If you are looking to find property in this area I am delighted to assist you and know the area for many decades.
Kind regards,
Diana
0 votes 3 answers Share Flag
Mon Jun 25, 2012
Steve Butera nmls 222435 answered:
I am a boar-member at Mansion's East:

New paint.
Trims repaied.
$25,000.00 per unit construction corrects completed 2009.

561-809-5377
0 votes 5 answers Share Flag
Fri May 11, 2012
Tom Priester answered:
Dear Lynn,

It certainly depends on what you consider "luxury" but most will have an equity bond required. All of the private club communities are struggling with how to attract well-healed younger members. From the multi-million dollar renovation going on this summer at Admiral's Cove to dropping the required memberships at clubs like the Ritz Carlton (soon to not be the Ritz) and Old Palm the thinking caps are on trying to come up with practical ideas to bring the "green" back in to golf course communities.

Those who do purchase in club communities are typically doing it for much more than the golf and municipal courses are a total different animal. Those working with the right agent can negotiate some amazing deals as inventories in this market segment tend to be very high. Take a look at The Loxahatchee Club where there are currently 18 active listings on the MLS and only one sale registered over the past 12 months. With a 216 month inventory you can bet there are some motivated sellers out there and Loxahatchee is an awesome club with a strong membership. But finding the 40 and 50 somethings to fall in line ready to pay equity fees up to $175,000 is proving difficult.

I hope this information is helpful but if you need anything additional please do not hesitate to give me a call.



Always at Your Service,


Tom Priester e-PRO
"Results Driven Real Estate"

Keller Williams Realty
561 308-0175
tom@tompriester.com
... more
0 votes 3 answers Share Flag
Tue May 8, 2012
Tom Priester answered:
Judy,

There are opportunities in West Palm Beach and Palm Beach Gardens and areas further north depending on the number of bedrooms you will need a well as the association fees you are willing to pay. Some condo developments are gong to be difficult to finance as well so some opportunities may be cash only.

If you want to tell me a little bit more about your needs I am very happy to be of help so please feel free to contact me at your convenience.

Always at Your Service,

Tom Priester e-PRO
"Results Driven Real Estate"

Keller Williams Realty
561 308-0175
tom@tompriester.com
... more
0 votes 1 answer Share Flag
Mon Mar 19, 2012
Allison Goldstein answered:
Hi Wayne,
Sorry, only an agent can list a property. There are many reasons to list your home with a professional real estate agent, most of which safeguard you. Only 2% of FSBO's are actually sold by homeowners; the other 98% ultimately end up being listed and sold by a licensed realtor. A professional realtor will only bring you pre-approved, qualified buyers. They can also navigate through any potholes that may pop up during the process. Please feel free to contact me via phone or email at AllisonGoldstein@Keyes.com ... more
2 votes 6 answers Share Flag
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