Landlord vs. Professional Property Management Company

Looking for a residential property to rent is very important thing. Everybody needs a proper place to stay and accommodate their needs. There are many factors to determine the right property to rent. Of course, the most crucial factors will be whether the residential unit in good condition and suitable with your needs and also whether the rental fee is feasible or not. Besides those two, there’s another factor to consider and that is who’s the one managing the rental property.

It is more than just the property unit you rent but the one who manages it will make a big difference. Many residential property buildings are managed directly by the owner or commonly known as the landlord. The owner/Property Manager is the one responsible managing all aspects including collecting rental fees and following up complaints from tenants. Renting from the landlord, you can build a more personal relationship and the rental fee can also more competitive. But there’re also down sides. The landlord may not be managing the property full time as they also have other job. Landlord usually also lacks of resources to follow up complaints from the tenants.

As the opposite of managed by landlord, there are rental properties managed by professional Property Management Company working on behalf of the property owner. The company will handle day to day operation and all aspects of management. Professional company has better resources with professionals in this field. It also ensures more efficient Property Management as their big goal is generating more income. Renting residential property managed by professional management may cost you higher fee but it comes with better benefits. There are dedicated manager and staffs assigned to manage the property and the complaints from tenants will be followed up faster. So, which one will you choose, renting from landlord or property management company?

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Buying Florida Real Estate – Florida Foreclosure Bonanza Awakens Buyers Across the Country & Globe

Florida was second in the nation, with more than 279,000 foreclosures filed in 2007. That’s up 275 percent from 2006.

As we roll into the new year, many are having to pack up and quickly sell their homes. This translates into substantial savings for buyers looking to seize a good deal, escape the cold winters up north, and get established in sunny Florida.

Buyers are licking their lips, salivating, as more and more distressed homeowners go belly up and have to sell. What is one person’s misfortune is becoming a millionaire’s dream – buying Florida real estate for bargain prices. Buying low has never been so easy!

Whether it is homes, land, or commercial property it’s all up for grabs for the savvy investor. Meanwhile homeowners pray hard, keep their fingers crossed, and keep those mortgage checks in the mail. Others scurry seeking extensions on their equity lines, second mortgages, and family and friends to co-sign.

Families pull together in hard times to save homes. Those without such help sadly are losing their homes. The bright side to all of this distress and joblessness is buyers are able to come in and take advantage of all the great deals.

Beating foreclosure and bankruptcy is easy if you can find a willing buyer. Many out of state buyers are looking for a broker they can trust within Florida to facilitate such purchases for them. Meanwhile Florida is launching a campaign against mortgage fraud. Lenders are also simultaneously unveiling a plan to come in and save the day.

Paul Davis is Central Florida’s favorite and most reputable property appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. Mid-State Appraisals is FHA approved. A builder for over twenty years and also a real estate broker, Paul Davis brings a wealth of knowledge to the table as an appraiser.

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Miami Preconstruction Real Estate Florida Investing

Miami Preconstruction Real Estate investing is buying properties prior to their construction. For example, a condo that will be built in 2 years, you can put a small deposit to hold the condo and capture the appreciation during the 2 years, which is the time it takes for the condo to be built.

Why is Miami Preconstruction investing attractive to investors?
No carrying costs during the 2 years till the condo is built. There is no mortgage, no taxes, and no expenses at all. Most of all, you do not need to manage tenants which can be a concern for Real Estateinvestors. Also, you do not need to qualify for mortgage. So, regardless of your credit history, developers will sell you a unit.

How to calculate your return on Miami Preconstruction Real Estate investing?
If the condo for example priced at $500K, typically, in the Miami market, developer would require 20% deposit. 10% at contract time and additional 10% when construction begins. So, your total out of pocket deposit would be 100K which 20% of 500K.

Miami Real Estate market has been appreciating over %25 annually. However, for this example, let’s assume Miami Real Estate will appreciate 20% annually. By the end of the first year, this condo that has not been built yet would have already appreciated from $500K to $600K. Which means you have made $100K on your investing of $100K. That 100% return in one year. In other words, you could double your capital every year.

How to buy Miami Preconstruction ?
Be aware to these facts: Developers are NOT Mutual Fund Managers in the business of making you money. They are business people in the business of building real estate. They understand the Real Estate market and they make the most profit by selling for the highest price. This is the myth that could cause investors not making the right decision.

So, do your own research, the Internet can be a great aid in finding initial information. After doing some initial research, find a good realtor that understands the market and Preconstruction to help you evaluate the options you have available.

If you’re contacting the developer directly, you could be taking a gamble since the sales staff has no loyalty to you to disclose vital information, they work for the developer. Go with a knowledgeable local realtor to represent you. You can find realtors to provide this free service. They are paid commission by the developer and your price is the same.

What Miami Preconstruction investing do you choose?
Waterfront Real Estate is the safest investing possible. Tens of thousands are moving to Miami area every month and most asking for waterfront or oceanfront real estate. They are willing to pay a good premium to enjoy the life style. There is a lot more details that cannot be covered here.

Bubble or Not?
Miami Preconstruction and Miami Real Estate has been very rewarding to its investors. If you’re looking for long term investing, this is a great vehicle for good ROI with little effort. “Be selective”, Not every developer and every project is well analyzed and priced right. Like many financial markets, Miami Preconstruction and Miami Real Estate are controlled by greed and fear, the primal emotions that drive the markets.

Interest rates might not have great impact on Miami Real Estate since Miami is an international market with buyers from around the globe. International buyers are enjoying the extended buying power from the weak US dollar and heavily investing their cash in Miami Real Estatemarkets. Florida has very flexible rules towards foreign nationals buying Miami and Florida real estate. Also, we are seeing buyers from markets such as California and New York that are aggressively buying Miami Real Estate and oceanfront properties.

Savvy and long term investors will do well. Risk management is the key to survival in financial markets and that includes Miami Preconstruction Real Estate investing.

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Miami Dade County Real Estate – Florida’s Largest

Known to be the most populous county in Florida, Miami-Dade County was formerly called Dade County and is now referred to as only Miami by most. It is located in the southeastern part of Florida and has a population of more than 2,400,000 making it occupy more than half of the South Florida metropolitan area. The city of Miami is its county seat. The eastern portion of the county is greatly urbanized with several towering structures and the eastern part is still underdeveloped and consists of the Everglades National Park. Miami-Dade County was created on January 18, 1836 and was named after Major Francis Dade, a soldier who was killed in the Second Seminole War.

The total area of Miami Dade County is around 2,400 square miles. It is bordered by Broward County to the north, Collier County to the northwest and Monroe County to the south and west. A decade ago the population density was about 1,150 per square mile. In the last few years though the state of affairs has improved much and is expected to get better with time. Real Estate prices have more than double in recent years. Coral Gables, Miami Beach, Coconut Grove, Ventura, Miami Lakes, Hialeah, BAL Harbour, Homestead, Doral are part of Miami Dade County.

Infrastructural facilities in this county are extremely advanced and the proof of this can be had if one looks at the education and transportation systems. In Florida each county also acts as a school district and in the county of Miami-Dade is served by several schools. Higher education is served by various colleges and universities including University of Miami, Miami Dade College, Florida Memorial University and St. Thomas University. In terms of transportation, the number of expressways Miami-Dade County has, very few counties have and this factor leads to heightened connectivity with the other states. Apart from this, a street grid stretches from downtown Miami throughout the country. Since World War I this grid has been there.

Miami Dade County Real Estate in Florida has grown tremendously in the real estate market boom. As an economy, this place is severely dependent on the agricultural sector. Proof to this fact can be found in the massive amounts of traditional and tropical vegetables the county produces along with tropical fruits and other greenhouse products. In the domestic market local produce competes with imports from other countries in Central America, South America and Europe.

With all modern amenities acting to people’s benefit, the county of Miami Dade has a thriving real estate market. Excellent places to live in this county include, Miami, Coral Gables, and Miami Beach. Most of the constructions are extremely picturesque and is one of the reasons why people want to settle here. There are currently 16,185 single family homes and 25,537 condos and townhouses listed in the MLS in Miami Dade County. This record high of homes available for sale is unprecedented and is a clear opportunity to purchase now a home or condo at the right price before this buyer’s market is over in 2008.

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Bal Harbour Real Estate – Florida’s Paradise

Bal Harbour is Florida’s Paradise. Bal Harbour Shops high-end upscale retailers include Saks Fifth Avenue, Armani, Versace, Valentino, Yves Saint Laurent, and Neiman Marcus among others. Exceptional dining spots are Palm and Caffe Da Vinci. Bal Harbour Real Estate is one the most prestigious, upscale, and exceptional addresses in all of South Florida. Luxurious oceanfront and Intracoastal Waterway views condos like Bellini Condo and Majestic Tower. An extraordinary single family home community is Northern Star. Hotel Resorts has been visited by many US presidents including President Clinton and other dignitaries and celebrities.

Before this city became the eventful village that we know it as today, it was just a large tract of swampy land, which had seen face of no developments at all. It simply lay there and stretched right up to Atlantic Ocean from by area. As it is even in today’s contemporary times, this little village evokes memories of past times when lives used to be a lot less mundane and schedules far less hectic. This place was not too popular with people and this can be easily understood from the fact that Mr. Graham, who was main promoter of this sleepy and quaint little hamlet, had to arrange for twenty five people to come and live here. He had to make this arrangement because he wanted to get this place incorporated and according to existing laws, a place had to have at least twenty five registered voters in order to be incorporated.

An interesting history lies behind the earliest real estate in this region. During Second World War land was leased out for construction of a Prisoner of War camp. After World War II ended barrack buildings were left behind are and they constituted the first Bal Harbour real estate of this village. It was in 1946 that this place got incorporated for first time. It then functioned under a city managing type of government. Slowly this place started climbing up steps towards development. It had its first hotel, then known as “The Kenilworth By the Sea” which was later rechristened as Kenilworth Condominium. The first home was built in this area in at 160 Bal Cross Drive.

To speak in specific geographical terms this village forms a part of Miami Dade County in state of Florida. Speaking in terms of area covered, it is a very small place, covering barely three tenths of a square mile. But despite its small size, development has taken place over here at a very rapid rate. There is no lack of amenities in this region and living here you might also get deluded into thinking that you are living in some bigger city. Big marketplaces, excellent institutions of education, you name it and this village is sure to have it. Transport too is not a problem in this area. Excellent facilities of communication exist which can be easily availed of.

Bal Harbour real estate is one of a kind and to enjoy all its beauty and facilities, many people have made this peaceful village their home. When the last census took place, it was found that already more than three thousand people were living here. This gives a density of almost ten thousand people per square mile, which is higher than several cities. Average prices of homes are on rise and with rising fortunes of this city it can be presumed that real estate in this region will only continue its remarkable rise in the future. There are 432 homes and condos for sale. Bal Harbour Real Estate is an extraordinary investment opportunity.

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South Florida Real Estate – Florida’s Finest

Situated in the southeastern part of the United States, South Florida has the popular name of Miami- Fort Lauderdale-Pompano Beach metropolitan area and is also referred to as the Miami Metro area and even the Tri-County area. The last of the names is most justified as South Florida includes the three counties of Miami-Dade, Palm Beach and Broward. When considering the different counties of Florida, these three can be held as the most populous. Among the three counties, Palm Beach was the smallest to be added. Miami happens to be the largest city in this region. A recent census estimates the population of South Florida to be nearly 5,500,000 and the density is about 1,570 people per square mile.

The area has a tropical wet and dry kind of climate with certain areas also being affected by humid subtropical climate. The wet season and the season for hurricanes arrive in the area during the same time. As South Florida is situated between two water bodies, chances of hurricanes affecting the otherwise stable climate get increased. The two most famous hurricanes to have blown over the area are Hurricane Andrew and Katrina.

Education offered in South Florida is one of the most well known in the state. It is served by the Miami- Dade County Public Schools district which has its own elected school board. The day- to-day functions of the school network are taken care of by the Superintendent of Schools. The other two school networks operating in the area comprise the School District of Palm Beach County and Broward County Public Schools District. Tertiary education is provided by several good colleges and universities including University of Miami, Florida National University and Broward Community College.

South Florida is served by three major airports namely, Palm Beach International Airport, Miami International Airport and Fort Lauderdale-Hollywood International Airport. Local transport includes Metrorail that stretches across 22 stations. Apart from this there are five interstate highways that help the area to maintain good connectivity with other places. This region has a flourishing economy with several public companies operating successfully. These companies are the major employers in the region. Approximately there are 100 profit making public companies running in the region with 200 private companies also making their mark. South Florida has one of the greatest numbers of Fortune 500 companies in the whole of United States.

South Florida real estate is among the most thriving in the state of Florida. It is not only because of the high growth of employment opportunities but also because the place is famous for welcoming external businesses to flourish. A great variety of real estate is available here including residential homes, condominiums and even land. There are over 115,000 properties currently available in South Florida. The number of foreclosures is staggering and presents an opportunity for both owner-occupants and investors. In a recent study Broward county was ranked second in the United States in the foreclosure rate. Miami-Dade County was ranked fourth in foreclosure rate and Palm Beach County was ranked thirteenth. Now is the time to invest in South Florida real estate.

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