I'm looking at purchasing an apartment or condo in the Port Charlotte or Punta Gorda area as an investment.

Asked by kylebiggs13, Port Charlotte, FL Sun Dec 8, 2013

I am curious about how many potential renters there are in the region that can afford a $1,000-1,500/mo payment. Is there a strong market for rental property?
This would be my first time buying and I would employ the help of a property manager. What is an average annual percentage that a local property manager would charge?

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5
Leonard Hugh…, Agent, Port Charlotte, FL
Mon Dec 9, 2013
Hi, I have a lot of experience helping investors get started in the local area of Port Charlotte and the surrounding area. Please contact me at the number or email below and I would be happy to discuss this with you.



Leonard Hughes-Realtor 941-786-8487
Fax, 941-870-9233
Green Lion Realty
493 Barger Dr, Port Charlotte, FL 33954
Leonard@GreenLionRealty.com
http://www.GreenLionRealty.com
0 votes
John Riche, Agent, Port Charlotte, FL
Mon Dec 9, 2013
Kyle:
Sounds to me that you may be looking to invest for long term renters. The rental market is good, however, I would question your choice of property selection. Unless there is a particular reason you are looking for a condo, you might want to give some thought to a 3/2/2. Give our property manager, Brenda a call at 941-979-8165. She will be happy to answer your questions for you. John
0 votes
Bill Eckler, Agent, Venice, FL
Mon Dec 9, 2013
Hi Kyle,

There are many variables that enter the equasion when considering the potential for a rental investment. Unit size, location, furnishings, condition, etc. are but a few.

For an annual rental your quoted rental range is likely to be on top of the average rental amount. However, for a seasonal rental targeting December-April you can often expect nearly double this amount. Thus, you can nearly doule your rental amount for 4-5 months and use the property for your personal needs during the balance of the time.

The fees for rental management services will vary to between 10 and 15 percent and should cover a wide range of services including identifying potential tenants.

Hope this information is helpful.

Bill
0 votes
Stephen McRo…, Mortgage Broker Or Lender, Tampa, FL
Mon Dec 9, 2013
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As a Florida Mortgage Broker, Investor and very experienced current Landlord, I'm likely on of the best people to contact about this purchase.

97% LTV- NO PMI
97% LTV- CONDO- NO PMI
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90% LTV- JUMBO- NO PMI
85% LTV- Super Jumbo- NO PMI

85% LTV- Invest. /Rental
80% LTV- Foreign Nationals
70% LTV- Manf. Homes over 90k

STATED INCOME ALT-up to Super Jumbo

90% LTV- Short Sale, BK, Foreclosure Forgiveness
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75% LTV- Foreign Nationals
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COMMERCIAL PROGRAMS-nationwide

Steve McRory
Pro Option Mortgage/ Florida
steve@pro-option.com
http://WWW.PRO-OPTION.COM
Ph: 888 662 4404
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Prior Service: U.S. MARINE CORPS
====
0 votes
Tammy Hayes, Agent, Port Charlotte, FL
Sun Dec 8, 2013
Our agency has does rental property management. I would be happy to refer you to them if you could send your email.

Tammy Hayes, Realtor
Re/Max Palm Realty, Port Charlotte, FL
tammyhayesre@gmail.com
941-276-6185
http://www.tammyhayes.remaxagent.com/
0 votes
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