Southwest Florida is flooded with foreclosure (REO) and short sale homes that are ripe for the picking for investors. Investors are seeing this as an opportune time to purchase homes below market value. It is definitely a buyer’s market. Many homeowners have lost their homes, but still need a place to live. They are being forced to rent.
Investors can pick up a home, condo, mobile home, or townhouse at a low price. Some of these properties need little fixing up other than cosmetic work. They can immediately turn around and rent them. Rental companies such as Rent Me Florida don’t always have enough homes to rent. See their web site at http://www.rentmeflorida.com. Tenants are just waiting in the background for something to open up.
Investors can rent properties as annual, short term, long term, and vacation. Investors can choose to manage the property themselves or hire a property management company to do some or all of the work. This may include items such as marketing the property, handling calls from tenants, collecting rent, and maintaining the property.
If you are going to rent a property be sure to know Florida’s Landlord/Tenant Law. You can find information on this at http://www.800helpfla.com/landlord_text.html. Don’t miss your chance to buy these investments before the snow birds come back in town. If you would like information on properties currently available, contact me today.
Tammy Hayes, Realtor, Sandals Realty, Punta Gorda, FL – firstname.lastname@example.org