Uncategorized

Home/Uncategorized

How to Take Care of Your Home in Florida’s Humidity

Florida’s humidity can be intense. It can get so humid it feels that you’re swimming through a soup just to move around. AC can help, but if that humidity is too great, it can actually damage some of the belongings in your house, besides being extremely uncomfortable. But how can you manage the humidity level so it doesn’t get so out of control? Here are a few ways that you can take control of your home to create a comfortable living space, despite living in Florida’s humid environment.

How to Take Care of Your Home in Florida’s Humidity: Seal Leaks from Outside

One of the biggest causes of humidity inside the home is a leak from outside. If there is an opening on your house that lets in air from the outside, chances are, that air is going to be humid. In order to prevent your house from getting too humid, you will need to go around the outside of your home and seal those leaks. These include leaks around doors, windows, and any cracks you find in the siding. A leak can be detrimental in the battle against the humidity, which is why it’s important to take care of any and all leaks your house may have.

Keep Your Plumbing in Good Shape

Your plumbing can also release moisture into the air. If you use a lot of hot water, it can add to the humidity, making it even worse. Your plumbing should be in good shape so that you don’t have an excess of moisture in the air. If your plumbing isn’t sealed, or if your shower is broken and is constantly dripping, you’re going to have an increase in the humidity in your home. By keeping the plumbing in good shape, you reduce the humidity levels in your home. Make sure that you get any plumbing problems fixed when they occur so that you can keep it in good working order.

How to Take Care of Your Home in Florida’s Humidity: Create an Air Flow

Another way to reduce the intense humidity of Florida in your home is to create an air flow. You can create an air flow by opening doors and windows, using your house’s ventilation shafts, and using fans. Your AC unit can also help as it can act like a little dehumidifier and get air circulating in your home. Ceiling fans, rotating fans and box fans can all be utilized to keep air circulating. If air is stagnant, it feels heavier. Moving the air around can force the humidity levels to decrease and help you cool off. A fresh breeze can cool sweat, while the heavy humid air only increases the sweaty feeling.

Protect Household Items

Keep in mind that humidity can damage wood furniture. Too much exposure to water can cause wood to crack, which can weaken the furniture and cause it to crumble. Protecting wood items from moisture can include putting a sealant on them and reducing the humidity levels in your home. You might also consider moving some household items into a specially designed storage unit to protect them from high levels of humidity.

How to Take Care of Your Home in Florida’s Humidity: Run Exhaust Fans

Another way to reduce humidity in your home is to run your exhaust fans. The whole point of exhaust fans is to reduce excess moisture (and odors) in the air. If you’re cooking, use your stove’s exhaust fan. If you’re taking a shower, use the bathroom’s exhaust fan. If you’re doing the laundry, use the laundry room’s exhaust fan. Exhaust fans will require you to clean them regularly to keep them operating optimally, but the effort is worth it as the fans will keep running much longer. The reason these rooms have fans is because cooking, showering, and doing the laundry are all activities that can increase the humidity in your home. Those fans are there for a reason and they will help reduce the amount of moisture in the air and make it more bearable.

Take Shorter Showers

Another way to reduce the humidity levels in your home is to simply take shorter showers. While it’s nice to be able to destress or start the day with a long hot shower, that shower can actually release a ton of moisture into the air. Even if you run the exhaust fan the entire time, there’s only so much work that an exhaust fan can do. Shortening your shower’s will help reduce the intense humidity. Short showers have other benefits as well. A short shower can save on your water bill because you’ll be using less water, as well as reduce your electric bill because you’ll be reducing the amount of energy needed to heat up that water for the shower. You should also run your exhaust fan for at least 5-10 minutes after your shower to clear the air of excess moisture.

How to Take Care of Your Home in Florida’s Humidity: Open and Close Windows as Needed

The air from the outside isn’t always bad. Leaks are bad, but a breeze is good. If it is a hot and muggy day outside, opening your windows would increase the humidity levels in your home. But if there is a breeze blowing, it can actually help air out your house and decrease the humidity levels. If it is cooler outside, open the window. If it is humid outside, close the window. Use your windows as a way to control the humidity levels inside your home.

Buy a Dehumidifier

If none of the above options are working for you, then perhaps it is a good idea to look at buying a dehumidifier. A dehumidifier pulls excess moisture from the air, making your home a more comfortable, drier place. A dehumidifier also has many health benefits from reducing dust mites, reducing mold, and improving the quality of the air you breath. Plus, dehumidifiers are small and compact and don’t make much noise. They can protect your property from excess humidity in the air. Buying a dehumidifier can increase the comfort of your home by decreasing the moisture in the air.

Surviving the excess humidity of Florida is totally doable. You may have to evaluate your plumbing, check your house for leaks, or buy a dehumidifier, but the comfort and dryness is well worth any effort.

 For more tips, read this next: Backyard Improvements That Can Boost Your Home Appeal

See you at a meeting soon!

The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.

Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.

We look forward to meeting you at a meeting soon!
Click here for membership information

Get our meeting notices and market data emailed to you.



How to Make Your Home Improvements Worth It

Home improvements can be expensive. You want to get the most bang for your buck, but it takes time, energy, and expertise to bring your dreams to fruition. How do you know when that effort is really worth it?

How to Make Your Home Improvements Worth It: Focus on Improving Quality of Life

You want to focus on projects that improve the quality of life. These projects focus on areas like the kitchen. The kitchen is the heart of the home, which is why many home remodels focus on redoing the kitchen, even completely transforming it from what it originally looked like. With an improved kitchen, you not only boost the value of your home, but you also improve your quality of life. For example, if you’ve been using a kitchen that’s dark and cramped, with no windows to open and little counter space, you could grow frustrated with your kitchen. By remodeling it, you will greatly improve your quality of life.

Look for Value Upgrades

You also want to focus on value upgrades. Certain upgrades can increase the ROI of your home. For example, the kitchen, bath, and the lawn are all areas that not only improve your quality of life but improve the value of your home. You want the kitchen to be nice and comfortable and last a long time. You want your bathroom to be functionable, comfortable and the appliances to last a long time. Spending more money on a new toilet can pay off because of their durability. Landscaping can also increase the value of your home because it increases curb appeal and makes your home look more attractive.

How to Make Your Home Improvements Worth It: Consider Minor Upgrades

Another way that you can make your home improvements worth it is to focus on what you can actually do. Your budget may not be expansive and you may not be able to complete all the dream projects that you want for your home, but you can do a few minor upgrades, like install a new garage door, replace the siding on your home, or do a minor kitchen remodel. Your upgrades do not have to be large to make a difference.

Home improvement projects are expensive, both time and money wise, which is why you want them to be worth it. If you focus on the things that matter most, and stick to your budget, you can make your home improvements worth the effort and money you put into them.

Read this next for more great tips: Backyard Improvements That Can Boost Your Home Appeal

See you at a meeting soon!

The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.

Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.

We look forward to meeting you at a meeting soon!
Click here for membership information

Get our meeting notices and market data emailed to you.



How to Prepare an Old Unit for New Tenants

As a landlord, it is your obligation to make the unit as prepared as possible for new tenants so that everything is to their liking when they move in. But after tenants have lived in the unit for an extended amount of time, whether it is a home or an apartment, there is likely to be some damage and some bad smells that may make the new tenants less likely to stay in your units. So what can you do to prepare an old unit for new tenants?

How to Prepare an Old Unit for New Tenants: Make Repairs

One of the things that you can do is make repairs on the property. These repairs could include any number of things such as fixing the broken blinds, repainting the walls, filling in holes that were nailed into the wall, or replacing the caulking around the plumbing fixtures. Some repairs might be too big for you to do by yourself. For example, if the cabinetry was damaged from the previous tenants, you will need to get it replaced for the new tenants and may need to hire professionals to do so.

Remove Bad Smells

Nobody likes bad odors in a home. It can become uncomfortable to live with and can even aggravate allergies or other respiratory conditions. If the unit has bad smells, such as cigarette smoke, you will want to remove them before the new tenants move in. There are a number of ways to do this—from putting out baking soda in a room to using ammonia to scrub stubborn spots on surfaces that smell. But you might not be able to fully remove the cigarette smell without an ozone shock treatment.

How to Prepare an Old Unit for New Tenants: Clean

Even if your tenants were the cleanest people on the planet, there are likely still some areas that they missed when they cleaned the unit. As a landlord, you can hold your tenants to a cleanliness standard  before they leave, but they may still not completely clean everything. You can outsource the cleaning to a professional cleaning company, or you can take on the extra cleaning yourself, but the apartment or unit should be cleaned in preparation for the new arrivals.

Bringing in new tenants may require some changes to the old unit that’s been recently vacated. You may need to repair things, remove bad smells, or heavily clean, but the effort will make the unit much more attractive to your new tenants.

Read this next for more great tips: How to Broaden the Appeal of Your Home Before Putting it on the Market

See you at a meeting soon!

The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.

Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.

We look forward to meeting you at a meeting soon!
Click here for membership information

Get our meeting notices and market data emailed to you.



How to Find the Right Fit When Looking for a Real Estate Agent

If you’re looking to invest in real estate, you should make sure you have a good real estate agent by your side. Today, the real estate market is highly competitive and so there are many options to choose from. Here’s how you can narrow down your options and find the right realtor for you.

Looking for a Real Estate Agent: Choose from the Right Niche

Finding the right realtor for you depends on your investing niche. There are many real estate investing niches you can specialize in. You can specialize in property-based investing which focuses on investing in houses, duplexes, commercial buildings, and land. Your niche could be centered around the renters. For example, your niche could be in student housing or Airbnb’s. There is also the option of specializing in the selling side of housing. This means you would be working with situations that would lead people to sell including foreclosures, divorce, or even a fire. Whichever niche you choose to specialize in, make sure your realtor is also within this niche. If they specialize in the same thing you like to invest in, then it will make it easier for you to do business with them.

Rely on Reviews

Reviews are a great resource to get real feedback. People are usually very honest in reviews and they will lay out both the negative and the positive. By relying on reviews, you can have a clearer picture of a realtor that goes beyond just what they tell you. Nearly 80% of consumers trust online reviews as much as personal recommendations. Online reviews are usually very numerous and you can get a clear picture if a many of them agree. Be wary of extreme reviews and focus on what the majority are saying.

Looking for a Real Estate Agent: Interview Your Top Choices

While there is an abundance of information available online, the best way to really get to know someone is in person. Once you’ve done a thorough research of different realtors, take the time to get to know them. Listen to their pitch. Ask them questions about how they can meet your needs. This is probably the most important step. The questions you ask are vital to helping you discover which realtor is right for you. If you have concerns, make sure you bring them up. Taking the time to get to know some realtors in person can help you narrow down your options and find the perfect realtor for your situation.

Finding the right realtor is key to succeeding in real estate investment. Look for a realtor within the investing niche that you favor, read over reviews, and take the time to get to know a few realtors in person. Having a good search process will help lead you to a quality realtor.

Want more help with investing in real estate? Become a member of SWFL REIA today!

See you at a meeting soon!

The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.

Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.

We look forward to meeting you at a meeting soon!
Click here for membership information

Get our meeting notices and market data emailed to you.



Backyard Improvements That Can Boost Your Home Appeal

Many people know that the way the front of a home looks can have a serious impact on its appeal. It’s what people are talking about when they mention curb appeal. It’s not the only part of your home’s exterior that matters though. There are things you can do to improve your backyard that will also improve your home’s appeal.

Plant More Trees

Trees can do wonderful things for a property’s appeal. This appeal is often even greater if those trees are specifically fruit trees. Trees offer many benefits to a home. They offer shade and privacy. They can also cool your property, reducing your energy bill in the summer. There are benefits to planting trees on the west, east, and north sides of your property. It all depends on what effect you’re trying to achieve. Keep in mind that it is unwise to allow branches from any of your trees to hang over your house.

Excavation

Most of the time when people hear the word excavation it’s used in regards to archeological digs, but you might find it interesting to know that it can have a positive effect on your home’s appeal as well. In the case of your home, however, it usually just refers to landscaping. Strategic landscaping and excavation can make your property more visually appealing. Excavation can also help prevent water from reaching and flooding your home. To do so, your landscaping should slope away from your home. If it slopes towards your home, that’s a problem and should be addressed as soon as possible to keep water from damaging your home’s foundation.

Water Features

Backyard water features can also improve a home’s appeal. The sound of running water is relaxing to many people, so whether the feature is a fountain, a waterfall, a stream, or something else, there’s a good chance it will improve your yard’s appeal. You could also try a koi pond. Koi ponds offer the opportunity to observe beautiful, mesmerizing fish and have a water feature all in one go. Koi ponds are considered something of a luxury feature by many, so it may also boost your home’s market value as well as its aesthetic appeal.

Making the most of your property’s backyard can be a great way to improve the appeal of your home. You can do this by planting trees, landscaping strategically, and adding water features. These additions each offer multiple benefits, and can help turn what might otherwise be an ordinary lawn into something of a private sanctuary.

For more tips on real estate investing, join us at one of our monthly meetings!

See you at a meeting soon!

The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education, and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agents, brokers, investors, hedge fund managers, rehabbers, wholesalers, and more.

Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.

Common Problems That Arise With Coastal Rental Properties

If you‘re interested in investing in coastal rental properties, it is a good idea to make sure you are aware of any potential problems that can arise in regard to your properties. Although waterfront properties can be incredibly beautiful and picturesque, they can also be generally expensive and require an extensive amount of maintenance. It’s also a good idea to be aware of common problems that can arise with coastal rental properties, and what you can do to resolve them.

Common Problems That Arise With Coastal Rental Properties: Water Damage

Coastal properties are more vulnerable to water damage of all types. Coastal properties are more likely to experience severe weather and natural disasters like hurricanes and tidal waves. These properties are also likely to experience more minor types of water damage like floods, leaks, and mold.

As a real estate investor, you can prepare yourself for this type of water damage by investing in good insurance. Purchasing flood insurance is an especially good idea for coastal rental properties. You should also keep your tenants informed of the necessary emergency procedures and provide them with an emergency kit. Although it’s likely that you will experience water damage, following these cautionary measures can help you reduce its effect on you and your properties.

Pest Infestations

Pests also tend to be more common in coastal areas. Rats and mice particularly thrive on the coast. As a coastal property owner, you should be vigilant of the signs of a rodent infestation. Signs of pest infestation include: an actual rodent, dead or alive, droppings, gnaw marks, damaged goods, nests, greasy rub marks, and noises in the walls.

If you notice a pest infestation, you should seal up all holes or cracks bigger than a quarter with caulk and screen all windows and vents. Make sure to clean up all fruit that can fall from trees, keep garbage covered, and store dry food (even pet food) in tightly sealed containers. Don’t hesitate to call a professional if you need help with your pet infestation.

Common Problems That Arise With Coastal Rental Properties: Higher Insurance Premiums

Because of the higher risk for severe weather, you’re likely to experience higher insurance premiums on your coastal real estate properties. Coastal rental properties and homes within five miles of the coast will always demand a higher price in terms of insurance premiums. It’s a good idea to plan ahead and budget for this possibility before you buy coastal rental properties.

If you’re aware of the potential for water damage, pest infestation, and higher insurance premiums, your experience with investing in coastal rental properties will be less surprising and more successful. Researching the potential problems that can arise with coastal rental property will help you be prepared and able to handle problems once they arise.

If you’re looking to learn more about real estate investment opportunities, contact us today!

See you at a meeting soon!

The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education, and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agents, brokers, investors, hedge fund managers, rehabbers, wholesalers, and more.

Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that it does not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.

We look forward to meeting you at a meeting soon!
Click here for membership information

Get our meeting notices and market data emailed to you.


Insurance Questions You Should Ask Before Renting Your Property Out

Here are some insurance questions to ask before you place a tenant in your property. In most places, it isn’t a legal requirement to insure your property before renting it out.  But in pretty much every case, you should. Rental insurance is a way to protect yourself financially in case something goes wrong. The additional monthly expense is worth not going bankrupt when disaster strikes.

Insurance Questions: What Kind of Coverage Do I Need?

There are lots of different types of rental property insurance, which means it’s important for you to take time to do your research and thoughtfully consider what sort of coverage you need. As you do, make sure you understand what a certain policy does and does not cover. This will help you avoid some upsetting situations when damage to your property isn’t covered based on the situation. Some of the most common policies are hazard, fire, and flood insurance. These will help you pay for repairs in case there is physical damage to your property. Liability insurance is another great policy. This will help protect you in case somebody gets hurt on your property. If you have employees, you may wish to have workers compensation insurance as well.

How Much Is It?

When choosing which insurance policies to put in place, you should consider how much it’s going to cost you. This is going to affect the profitability of your rental property. You can of course raise the rent, but that will make your property less attractive. To help you make your decisions, ask for the amount that each policy is contributing to your total cost. Then you need to estimate the likelihood of this occurring, and what it would cost you to fix the problem yourself vs with insurance. Put all this information in a table. Then use your best judgement to choose a plan that works for you.

Insurance Questions: How Can I Save?

You should always ask your insurance company for ways to save. You can often reduce the cost of hazard insurance by installing preventative devices like smoke alarms, carbon monoxide detectors, flood detectors, fire sprinklers, and security systems. You can also save by comparing quotes between different companies. By sharing the quotes that you get, you can get companies to compete for your business. This can result in either a cheaper policy, or more coverage at the same price.

Owning a rental property can be a great way to get passive income. However, it can also turn into a money hole. The difference between these two outcomes generally depends on how well you protect yourself. By properly setting up your insurance, you will be well on your way towards financial prosperity.

Looking to get more out of your property? Check out These 4 Factors Affect Your Property Value

See you at a meeting soon!

The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education, and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agents, brokers, investors, hedge fund managers, rehabbers, wholesalers, and more.

Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that it does not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.

We look forward to meeting you at a meeting soon!
Click here for membership information

Get our meeting notices and market data emailed to you.


Why You Should Allow Tenants with Pets on Your Rental Property

At SWFL REIA meetings we often discuss if you should allow tenants with pets. It’s extremely common for landlords to forbid their tenants from keeping pets on their rental properties. Many landlords don’t want to deal with any of the furry, hairy messes or damages that pets can cause. However, there are some compelling reasons as to why you should allow tenants with pets on your rental property. Scroll down and keep reading to find out why!

Why You Should Allow Tenants with Pets: Collect More Rent

Renting your properties to tenants with pets is a fantastic way to make more money. If tenants have pets that can potentially ruin parts of your property, you can fairly charge them additional rent and collect a pet deposit. Many property owners require a pet deposit that the tenants don’t get back. This pet deposit can be a form of compensation that can help pay for damages caused by pets, as well as compensation for putting up with the hassle of allowing pets on your rental property.

Increase Your Renewal Rate

Pet-friendly houses and apartments are in short supply, so renters with pets are more likely to renew their lease. Allowing tenants with pets on your rental property will increase your renewal rate. Allowing tenants with pets on your rental property will also increase your popularity with new renters. The percentage of pet-friendly vacancies is significantly lower than non-pet-friendly vacancies, so if you allow pets, your properties will inherently be more sought-after by new tenants.

Why You Should Allow Tenants with Pets: Improve the Atmosphere of Your Property

If a tenant is mature and responsible enough to take care of an animal, there’s a good chance they will also take good care of your property and treat it with respect. Allowing pets on your rental properties will attract responsible, empathetic, caring tenants. Additionally, many tenants feel that keeping a pet helps them reduce stress and feel happier. Allowing your renters to keep pets around can help the atmosphere of your property feel happier and homier for the tenant.

Ultimately, studies have shown that there is not a significant difference between the damage caused to properties by tenants with pets and the damage caused to properties by tenants without pets. So even though pets can cause minor damage, there are many other persuasive, compelling reasons to allow tenants with pets on your rental properties. Allowing pets on your rental properties can help you collect more rent, increase the renewal rate of your properties, and improve the atmosphere of your properties.

Interested in learning more about investing in the rental market? Come to a meeting and learn more!

See you at a meeting soon!

The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education, and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agents, brokers, investors, hedge fund managers, rehabbers, wholesalers, and more.

Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that it does not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.

We look forward to meeting you at a meeting soon!
Click here for membership information

Get our meeting notices and market data emailed to you.


January 2019 Lee County Florida foreclosure report

Where does the January 2019 Lee County Florida foreclosure report come from?

We download from public records and trend with Microsoft Excel. We have been doing this since 2007. This report has value because it is a leading indicator of bank-owned homes coming to market.

Compiled and analyzed by Jeff Tumbarello.

January 2019 Lee County Florida foreclosure report: Trends at a glance.

Lis Pendens:

  • January 2019: 88 Mortgage related Lis Pendens.
  • December: 2018: 98 Mortgage related Lis Pendens.
  • January 2018: 51 Mortgage related Lis Pendens.

Certificates of Title:

    • January 2019: 76 Certificates of Title were conveyed.
    • December 2018: 33 Certificates of Title were conveyed.
    • January 2018: 87 Certificates of Title were conveyed.

January 2019 Lee County Florida foreclosure report: Lis Pendens filings since 2015.

Mortgage Related Lis Pendens Filings Since 2015 for the January 2019 Lee County Florida foreclosure report

January 2019 Lee County Florida foreclosure report: Lis Pendens filings since 2013.

Mortgage Related Lis Pendens Filings Since 2013 for the January 2019 Lee County Florida foreclosure report

 

January 2019 Lee County Florida foreclosure report: Lis Pendens filings since 2007.

Mortgage Related Lis Pendens Since 2007 for the January 2019 Lee County Florida foreclosure report

January 2019 Lee County Florida foreclosure report: Foreclosure filings by year originated for January 2017.

January 2019 Lee County Florida foreclosure report: Deeds transferred via a Certificate of Title since 2015.

Deeds Transferred via a Certificate of Title January 2015 to January 2019 for the January 2019 Lee County Florida foreclosure report

January 2019 Lee County Florida foreclosure report: Deeds transferred by Certificate of Title Since 2007.

Deeds Transferred via a Certificate of Title for the January 2019 Lee County Florida foreclosure report

 

January 2019 Lee County Florida foreclosure report: Notes.

  • The lack of Certificate of Title Growth in relation to the Lis Pendens filings shows that the market has improved to the point if you go into default. You can trade out.
  • the disruption from Hurricane Irma passed.
  • The current trend of the distressed market NOT being the primary (last cycle) driver will continue.
  • The current filings appear to be the following factors.
  • Old Modifications that are now going bad. (2005-2007)
  • New Low money down builder transactions. (2016-2018)
  • “Normal” Distressed Situations.
  • Probates where a mortgage was involved. (2005-2007)
  • Storm Damaged houses.

 

See you at a meeting soon!

The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.

Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.

We look forward to meeting you at a meeting soon!
Click here for membership information

Get our meeting notices and market data emailed to you.




 Subject: January 2019 Lee County Florida foreclosure report

December 2018 Lee County Florida foreclosure report

Where does the December 2018 Lee County Florida foreclosure report come from?

We download from public records and trend with Microsoft Excel. We have been doing this since 2007. This report has value because it is a leading indicator of bank-owned homes coming to market.

Compiled and analyzed by Jeff Tumbarello.

December 2018 Lee County Florida foreclosure report: Trends at a glance.

Lis Pendens:
December: 2018: 98 Mortgage related Lis Pendens
November 2018: 102 Mortgage related Lis Pendens
December 2017: 34 Mortgage related Lis Pendens

Certificates of Title:
December 2018: 32 Certificates of Title were conveyed.
November 2018: 41 Certificates of Title were conveyed.
December 2017: 59 Certificates of Title were conveyed.

December 2018 Lee County Florida foreclosure report: Charts.

December 2018 Lee County Florida foreclosure report Lis Pendens since 2018

December 2018 Lee County Florida foreclosure report lis pedens filings since 2015

December 2018 Lee County Florida foreclosure report the foreclosures list by the counts by year

December 2018 Lee County Florida foreclosure report sum of foreclosure complaints by year

December 2018 Lee County Florida foreclosure report total dollar amounts of the foreclosures by the year

 

December 2018 Lee County Florida foreclosure report lis pendens filing by yearDecember 2018 Lee County Florida foreclosure report mortgage foreclosure filings by year

December 2018 Lee County Florida foreclosure report certificates of title since 2015

December 2018 Lee County Florida foreclosure report certificates of title

December 2018 Lee County Florida foreclosure report: Notes.

  • If you are looking for a reason to project a downturn in the market. The foreclosure filings currently do not provide that.
  • The lack of Certificate of Title Growth shows that the market has improved to the point
  • The trend from the Irma disruption has returned to “normal” (that is the worst word to ever use in relation to real estate stats…)
  • The current trend of the distressed market NOT being the primary (last cycle) driver will continue.
  • The current filings appear to be the following factors.
    • Old Modifications that are now going bad. (2005-2007)
    • New Low money down builder transactions. (2016-2018)
    • “Normal” Distressed Situations.
    • Probates where a mortgage was involved. (2005-2007)
    • Storm Damaged houses.

December 2018 Lee County Florida foreclosure report: Lis Pendens Counts. 

WELLS FARGO BANK N A

9 9.18%

BANK OF AMERICA N A

7

7.14%

NATIONSTAR MORTGAGE LLC

4

4.08%

U S BANK NATIONAL ASSOCIATION 4

4.08%

BANK OF AMERICA NA

3

3.06%

BANK OF NEW YORK MELLON
BANK OF NEW YORK TRUSTEE

3

3.06%

CALIBER HOME LOANS INC

3 3.06%

NATIONSTAR MORTGAGE LLC

3

3.06%

BAYVIEW LOAN SERVICING LLC 2

2.04%

FREEDOM MORTGAGE CORPORATION 2

2.04%

See you at a meeting soon!

The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.

Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.

We look forward to meeting you at a meeting soon!
Click here for membership information

Get our meeting notices and market data emailed to you.




 Subject: December 2018 Lee County Florida foreclosure report.

 

Go to Top