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Rental Basics in Cape Coral : Real Estate Advice

  • All1K
  • Local Info78
  • Home Buying410
  • Home Selling29
  • Market Conditions36

Activity 18
Tue Sep 19, 2017
Dos1214 asked:
I asked her if she can give me a her supervisor's or head office phone number and she didn't. she is being rude with us and giving us attitude.
0 votes 0 Answers Share Flag
Mon Nov 14, 2016
William Houser asked:
I just posted a room rental ad and i can't figure out how to edit it.
0 votes 0 Answers Share Flag
Tue Jun 21, 2016
Va39developmentgroup answered:
Hi try using rentometer.com. It is very fast and easy to use. Just encode the area where you are in right now and place the preferences you are looking for like number of beds,baths,rooms etc. Then instantly the rates of rentals % will have its result. ... more
0 votes 1 answer Share Flag
Wed Jan 13, 2016
Robert Guth answered:
I wouldn't do it. The seller benefits much more than you. The bottom line is they will ask for a large deposit, and you will have to qualify for mortgage financing within 1-2 years. It will hit you then: "ok, so now we are qualified buyers, so that means we could buy ANY home in our qualifying price range, but now rather than having the entire market to choose from, we HAVE to buy this home or lose our deposit". In a rent to own situation, you will be renting until that time occurs anyways. It may feel better or sound better to say you are renting to own, but really, you are just renting with a bigger deposit. A deposit that will be at risk the entire time if you default. Miss a payment? They may keep your deposit. It is safer and more economically sensible to just rent, let the seller shoulder the responsibility of upkeep and liability, work on your credit, and when ready, I'll walk you through how to get qualified, and how to buy a home with little down and an affordable payment. That is what sets me apart, I have 15 years of mortgage lending experience. And then we take you shopping where you will have dozens of homes to choose from. We'll put YOU in the driver's seat.

If you'd like my help, you can check me out at: www.CapeCoralFortMyersHomesOnline.com. It would be my pleasure to help you, as I have done with so many other buyers.

One more item...I have been working with zillow and trulia to remove and prevent "rent to own" scams. These sites are littered with them. Scammers using homes that don't belong to them, or in some cases, don't exist. So be very careful, and call me if you are unsure.

Robert Guth, Alliance Realty Group
... more
0 votes 2 answers Share Flag
Wed Sep 2, 2015
Angel Caso answered:
i live in cape and in the area of sw / se near cape coral pwky where many condos and smaller duplex units are located. please reach out to me and i will be happy to help and as you are limited and only need 1/2 bdr it can be found but hurry....unless you already found one
angel caso 305 794-0241
... more
0 votes 2 answers Share Flag
Sat Jul 18, 2015
Jason Lipsher answered:
$750 will be a hard find. The average 2BR apartment is going to cost $950, If you are looking for a single family home be prepared to spend $1,100+/Month. Our local market is in high demand. Good Luck in your search, hope this is helpful info? ... more
0 votes 1 answer Share Flag
Mon Sep 15, 2014
Birgit Moenkemoeller answered:
Hi it truly depends on location as well if it is furnished or not and of course short term vacation rental or long term.Please contact me direct so I can get the right information and help you to make the best decision with your investment. Birgitswflrealtor@gmail.com ... more
0 votes 1 answer Share Flag
Sat Feb 22, 2014
Dirk Fischer answered:
I would love to help you.
But with this kind of income you will have a hard time getting approved for any kind of rentals.
Knowing that you're pregnant and that this kind of income will fall apart the only way to solve your situation is your boyfriend needs to take a job - any kind of job - asap.
I wish I had better news for you, sorry.
... more
0 votes 1 answer Share Flag
Wed Oct 24, 2012
Shelley Hughes-Spradling answered:
I agree unfurnished if you are looking for a tenant i garantee you a tenent in 30 days or i pay the rent. Please call if you need help. I also do a one time tenant placement if you would like me to qualify and do the back ground check for you. ... more
0 votes 4 answers Share Flag
Fri May 11, 2012
John Martin answered:
Hi Whiteowl, I believer you were looking at the pool home that I have listed in NW Cape Coral. You would only need around $11,000 down and the 3 year period will be no problem. Please give me a call when you get a chance, 239-246-3004 or shoot me an email: jrmartin.mig@gmail.com. Thanks and I look forward to hearing from you soon.

John
... more
0 votes 6 answers Share Flag
Tue Mar 6, 2012
Professional Person answered:
Hello,

Signing a lease can be very nerve-racking, if you’ve never signed one before. However, some things to know in advance are:

- Ensure the property is safe and sanitary before signing.
- Know the full amount due at the time of signing the lease.
- Ask about the duration of the lease since lease terms can range.
- Find out if there's a "reletting" fee in case you need to move out unexpectedly.
- Ask when rent is due and whether there is a grace period.
- Inquire if you can get telephone, cable, Internet and electric service through any company of “your” choice.

Finally, never sign a lease when the landlord wants you to sign. Do it after you check the landlord out with the city or county you are looking to rent in. This will turn up any complaints people have registered about problems (building code violations, etc.). If you still have questions, ask to take the lease home and read it carefully.

For more interesting facts, please visit my website at: http://thereseclapp.com.

Enjoy the rest of your day!!

Regards,


Therese A Clapp, Realtor®
MBA, GRI, SFR, AHWD, REPM
Member of REBAC: Educated in Buyer Representation
Century 21 Sunbelt Realty, Inc.
725 Cape Coral Pkwy W
Cape Coral, FL 33914
Primary: 239-542-4777
E-mail: TClappCentury21@aol.com

2011 Platinum Five Star Education Award Recipient
Community of REALTOR® Excellence
REALTOR® Association of Greater Fort Myers and the Beach, Inc.
... more
2 votes 3 answers Share Flag
Thu Jul 7, 2011
Tammy Hayes answered:
You may be able to find information on this at the Florida Landlord and Tenant Law web site at: http://www.800helpfla.com/landlord_text.html.
0 votes 11 answers Share Flag
Fri Feb 5, 2010
Mark Washburn answered:
I am seeing rental management fees from 8% to 15% right now in Lee County, with 10% - 12% being the average. One months rent is the average fee.

Agree on the about $800 for the monthly rental for home in this area. I would slightly caution on the News-Press article as the data is for large professionally apartment complexes, not a SF home. ... more
0 votes 3 answers Share Flag
Fri Oct 23, 2009
Tony Vadala answered:
Hi Dave,

My name is Tony Vadala and I am the broker of vadala realty in cape coral. We have a large property management division for vacation rentals.
Our office handles 100's of homes each year with a very high sucess rate.
Please check out our site at; http://www.swfloridarentals-team.com/
... more
0 votes 3 answers Share Flag
Mon Sep 14, 2009
Parker answered:
I own several properties in cape coral. Email me at pyates@totalrecallcorp.com for more info
0 votes 2 answers Share Flag
Mon Aug 3, 2009
Merilee L Getty answered:
Hello!
Alot of private landlords are willing to negotiate when it comes to credit. Alot are more concerned about job history then credit because of the situation out there. You can forward your information to me and I have some private landlords I am currently working with and I can check to see if any of them have properties in Sandoval.

Merilee L. Getty
Gulfcoast Foreclosre Solutions
mgetty.gfs@gmail.com
239-738-2247 or office 239-673-7810
... more
0 votes 1 answer Share Flag
Wed Jan 28, 2009
Erica Muller answered:
I wrote a few articles on this regarding the implications of self managing your own vacation home. You can find them at www.thepinkflamingo.info, that being said if you are in Canada and you want to manage your vacation rental here in the U.S. you can legally do it but it will prove to be very tricky for sooooo many reasons. These are just a few:

1. Who are you going to get for a 24 hr emergency maintenance person?
2. Who is going to check on the unit to make sure it was really cleaned and laundered after every booking?
3. Are you willing to take phone calls and spend the money on self booking sites like www.homewaway.com and www.rentalo.com?
4. Are you prepared to go through all of the legal procedures to get your property up to code and licensed to rent?

management companies take care of all this and more and while I am not their biggest cheerleader I definitely find them to be necessary if you live more than a few hours away. Also read my article on the 10 questions to ask any management company before you hire them. It will guide you on how to avoid hidden fees and such.

Good luck with your STR investment and remember, if I doesn't have a pool it doesn't get bookings!!

Cheers!

Erica Muller
"The Flamingo Has Landed"
... more
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