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Asked by Monica Bialski, Montreal, WI Fri Jul 11, 2008

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Answers

8
Angela Schra…, Agent, Pembroke Pines, FL
Fri Jul 11, 2008
BEST ANSWER
Hi Monica! You've picked a great location - that part of Fort Lauderdale (at the beach end of Commercial) is Lauderdale by the Sea. If you want to rent it out, you should have no problem, as long as you select a condo whose association allows rentals. As I've mentioned elsewhere here on Trulia, if you're looking for weekly rentals, you may as well forget about a condo because your choices are few and far between. If you're looking for seasonal rentals, that's much easier, but remember, that means that your condo won't be available at what is most likely the optimal time that you'd like to use it! Annual rentals, no problem - there are buildings that won't allow any rentals or any rentals in the first year, but there are plenty that do.

You have to think of your budget, how much you can afford in maintenance fees, and how much you'd like to spend. I strongly recommend that you work with a Realtor who knows the area and can narrow down your search by bringing only appropriate units to your attention.

We seem to be doing most of our business out in Fort Lauderdale right now, particularly in that area - we also manage a super vacation home in Coral Ridge Isles, on the canals just 5 minutes from Lauderdale by the Sea. We know that business well, and would be delighted to work with you. If I can answer any other questions, please don't hesitate to contact me.

Best of luck - again, you've picked a great location!

Angela
Web Reference:  http://www.villagrealty.com
0 votes
Tobias Kaiser…, Agent, Fort Lauderdale, FL
Tue Jul 15, 2008
Monica,

two things you should check before you submit an offer are a) rental restrictions and b) the amount of competition in rentals in your area or building.

Lots of sellers in our market who can't sell because they "need" to get price X try to bridge the time until the market rises by renting their unit(s) out. Those units will be your competition for some time to come.

The time to buy is perfect, but if rental income is paramount, make sure you or your realtor runs an analysis with realistic numbers to see what your cap rate, cash-on-cash-rate and possibly even the internal rate of return will be.

Please let me know if you need more information, and all the best,

Tobias Kaiser, MS, CIPS
Greater Fort Lauderdale Real Estate Broker + Consultant
Certified International Property Specialist
0 votes
Joseph Koren, , Fort Lauderdale, FL
Sun Jul 13, 2008
Hello Monica,
I work from my office in Lauderdale By The Sea in the Sea Ranch Shopping Plaza. The majority of our clients end up within a 1/2 mile of Sea Ranch and Commercial Bl. In the current market, there are many choices ranging from the $200K mark, on up to a million dollars. What used to be 4-600, is now 3-500. The vast majority of properties in my specialty area of Lauderdale By The Sea to the Hillsboro Inlet are condos. I give an area tour to my out of town customers, and would be glad to meet with you if you are going to be in town.
0 votes
Bill Eckler, Agent, Venice, FL
Sat Jul 12, 2008
Monica,

The right place is waiting for you. Your first objective is to locate a real estate professional that is knowledgable about property in our target area.
Good luck,
The "Eckler Team"
0 votes
Robin Sing-C…, , Fort Lauderdale, FL
Fri Jul 11, 2008
Hi Monica, as everyone here has said, you'll most assuredly have plenty to choose from. It's a buyer's market in Fort Lauderdale and I am sure you'll be able to find something to your liking.

We have what Real Estate Radio USA and many others havecalled the most state of the art real estate website in the Fort Lauderdale area. From our site you can search for condos and single family homes at your convenience.

If you are looking for someplace to rent out just make sure that the HOA allos rentals as some do not and some have a time of ownership restriction.

Once you have searched and found something that interests you, simply email me or call me and I will be more than happy to assist you further.

I will also help you determine which units that you are interested in may provide the best cashflow opportunities for you as well.

I am sure you'll get plenty of responses and whoever you choos to work with I wish you well. The area you are talking about buying in is, in my opinion one of those "how can you go wrong" neighborhoods.

Search Lauderdale By The Sea Homes: http://www.robinashley.com/2008/06/08/lauderdale-by-the-sea-…

Search For Fort Lauderdale Luxury Condos: http://www.robinashley.com/property-search/search-for-condos/
Web Reference:  http://www.robinashley.com
0 votes
Stelios Styl…, Agent, Wellington, FL
Fri Jul 11, 2008
Hello Monica,

As a fellow Canadian, I welcome you to Broward County and Lauderdale By The Sea. It is a great time to purchase and especially with the state of the U.S. Dollar, the inventory that is available and of course not forgetting the historically low interest rates. Please, contact me at your earliest convenience so we can begin your move to our area. Lauderdale By the Sea is beautiful to walk and to ride your bike as I do every week for 36 miles from Boca Raton. Unbelievable feel.

Sincerely,

Stelios Stylianou, Realtor®
Marketing Specialist
Coldwell Banker - Residential Real Estate, LLC.
555 S. Federal Highway, Suite 100
Boca Raton, FL 33432
(561) 542-4131 (Direct)
(561) 392-1792 (Fax)

stelios@stelsells.com
http://www.stelsells.com
"Your Home, Your Future!"
"Your Real Estate Consultant For Life!"
Web Reference:  http://www.stelsells.com
0 votes
Sandy Sulliv…, Agent, Lauderdale-by-the-Sea, FL
Fri Jul 11, 2008
This is a great time to buy. There are many interesting properties that are rentable and within close proximity to Commercial Blvd. Contact me or any local realtor for assistance in finding the right property for you.
Good luck,
Sandy Sullivan
Coldwell Banker
4757 N. Ocean
FTL 33308
sulli10@bellsouth.net
Web Reference:  http://www.sandysullivan.com
0 votes
Jeannette Ne…, Agent, Tamarac, FL
Fri Jul 11, 2008
Are you looking for this to be a vacation home, or an investment? There are plenty condos in fort lauderdale, all price ranges. What are you looking to spend.

If you would like for me to send you some listings to view, send me your email and I would be more than happy to.

Jeannette Neerpat
954-993-4104
Web Reference:  http://www.neerpat.com
0 votes
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