As a landlord here in Brevard County Florida, over the years I have certainly had my fair share of ups and downs. I have made many mistakes, however I quickly rebound, and am careful not to make those same mistakes in the future.
Often times we have investors and/or landlords contact our office to discuss the investment real estate business. Word to the wise: don't jump in with both feet unless you know exactly what you're doing and have a well laid out plan.
Whether you're thinking of investing or you're already a landlord...
LANDLORD TIP #1*
Look for smaller properties, in good areas to invest in.
Typically, smaller houses rent for more money per square foot than larger homes.
There is a more abundant supply of tenants available for smaller houses.
The rent is usually more affordable, thus tenants have a tendency to stay longer in a small house, versus a larger more expensive one.
The mortgage payment, taxes, and insurance typically cost less in smaller, well appointed homes.
Be careful, you don't want too small, if it puts you in a questionable area. Then, you just wind up dealing with tenants that are sometimes difficult to deal with.
They typically sell for more money per square foot than larger houses.
The market value may not be affected as severely in a market downturn, as a bigger house's value.
Visit my website at www.SandyShoresMelbourne.com
*Please remember: I live and work here in Melbourne in South Brevard County Florida. I am speaking from my experiences here in our area. Some of the above information may not apply or be relevant to the area of the country in which you live.The above info are based on my personal experiences and some are my opinion. Please be sure to do your own research.
Today in Palm Bay Florida here in Brevard County there are currently over 1000 houses sitting empty. Most have been foreclosed on. Many of these are providing excellent buying opportunities for smart, savvy customers. Some are being purchased at pre-2005 prices. Others are just sitting, empty. Some are eyesores and are creating a neighborhood nuisance.
Brevard County has been give $10.55 million and the City of Palm Bay gets about $5.28 million of those funds. The hope is to help move some of these properties off the market, and into the hands of caring new owners or new tenants. Brevard County Housing and Human Services believes that the need lies in more single family rental homes being made available to those that have lost their homes due to foreclosure.
The funds have been approved to be used in a couple of different ways:
To demolish the homes that are beyond repair.
To help finance the purchase of some of these homes.
Purchasing and rehabbing some, in order to resell, rent or redevelp them.
It is uncertain as to how the funds will be disbursed at this point, however the City of Palm Bay has 18 months in which to use the money.
West Shore Junior Senior High school here in Melbourne Florida will be presenting the play, the Music Man on Thursday - Friday, October 16 and 17 at 7:00. Showtimes will be 2:00 and 7:00 on Saturday, October 18, 2008.
The students have been practicing for 3-5 nights a week. And this week they are at school until 9:00 putting the final touches on the production.
The play will be put on by the drama department and it will be the first live production performed on the stage of the new West Shore Auditorium in the Multi Purpose Classroom Building.
My daughters, Stef and Sam just came back from performing in a fund raiser to help the fight breast cancer. The Palm Bay High School dance team director had all the local high schools and dance companies come together to raise money for the fight against breast cancer.
My daughters are on the West Shore Junior Senior High School dance teams here in Melbourne Florida. The Junior Varsity and the Varsity teams both performed at the event this afternoon.
This is the first annual dance to help fight breast cancer. Hopefully, we will all be able to come together for many years to come to bring more money to the cure for cancer.
The south beaches in Melbourne Beach in Brevard County Florida are absolutely gorgeous. There are many ocean to river communities. Some boast private beach access as well as private river access. In this community you can have the river just steps from your back yard and the beach just steps from your front door.
I wanted to share some of the beautiful sights I saw yesterday while out showing houses with clients.
Visit my website at www.SandyShoresMelbourne.com
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Residential, Investment & Relocations Serving all of your buying, selling and investing needs in Brevard County Real Estate. I also buy, sell, rent, own & manage investment property.
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