by Elsa Soto | Oct 11, 2014 | Long Term Rental, Testimonials
Another Success for Long Term Rental
Tim Hack, Bardell Real Estate’s Senior Property Manager for our Long Term Rental division, never falls short of expectations! From the day he started to present he has worked hard and kept his promises when he could, moving mountains and making miracles happen. Over this passed few months Tim has been in contact with a prospective tenant who was not physically here in Florida helping them find homes for rent in our area. At the time the Scheuring’s were ready to come down here, Tim as ready for them as well. With a quick and easy move-in, we have another happy tenant!! Welcome to Florida Mr. and Mrs. Scheuring!! We can’t thank them enough for the testimonial left on our Facebook page! If you’d like to learn more about our Long Term Rental or would like to view homes for rent click here.
by Steve Silcock | Dec 7, 2013 | Long Term Rental, Real Estate News
Making the decision to buy or rent property in Four Corners can be difficult – a recent report from the National Association Realtors identifies some of the things that need to be taken into consideration.
SANTA ANA, Calif. – Dec. 4, 2013 – As 2013 draws to a close, it’s fairly clear that the real estate market has gained strength: home sales are up, prices have firmed, foreclosures are down and mortgage rates remain close to record lows. Figures from the National Association of Realtors® (NAR) show that September home values on average were 11.7 percent higher than a year earlier, the 10th consecutive month of double-digit, year-over-year, increases. “What we have seen during the past year are signs of a broad national recovery,” says Ray Brousseau, executive vice president with Carrington Mortgage Services. “Pent-up demand and a growing population are two factors that have contributed to generally increased home prices.”
Interest rates
Interest rates also make ownership more attractive. According to Standard & Poors, the 30-year mortgage averaged 6.1 percent between 2002 and 2007. Over the longer term (the last 40 years), the historic average has been 8.6 percent. In comparison, mortgage rates were near 4.25 percent in October 2013. Lower rates over the past few years substantially impact affordability. Though mortgage rates have increased modestly since June this year, rates remain low by historical standards.
Housing costs
While home prices have risen over the past year, they have haven’t reached the peaks seen in 2007. From August 2012 to August 2013, house prices rose 8.5 percent; however, home prices were still 9.4 percent below their April 2007 peak, according to the Federal Housing Finance Agency.
Rental costs
While buying has become more attractive in recent years, rental costs have risen. For the latest information on the costs to rent property in Four Corners ask to speak to one of our experienced property managers. With fewer vacancies, rental rates are rising, and, at the same time, rental options have become more limited. When rental units are inexpensive and easily available, leasing can be an attractive choice. But as more people compete for rental units, rates tend to go up.
Home appreciation
When the value of real estate goes up, owners benefit from higher prices and increased equity. Tenants, on the other hand, have no ownership interest in the units they occupy. If values go up, it’s good news for their landlords. “We don’t know that the value of residential real estate will always appreciate,” said Brousseau, “But we do know that when home prices rise, the benefit goes to owners.” © 2013 Florida Realtors®
The good news is that you are not alone. If you are trying t decide to buy or rent property in Four Corners this next year contact one of our experienced Realtors today. We all live and work in the Four Corners area and would welcome the opportunity to help you make that decision.
by Steve Silcock | Nov 30, 2013 | Investment Property in Florida, Long Term Rental
Long Term Rental property in Orlando remains high on the list for institutional investors looking to achieve good returns on their cash investments as well as benefiting from the equity gains on property as the market continues to improve. We are still busy working with individual investors looking t o purchase long term rental property in Orlando and the surrounding area but this recent move by Blackstone is a strong indicator that the market for long term rental property in Orlando and other US markets is set to continue.
NEW YORK – Nov. 15, 2013 – In one of the surest signs that the home-rental business is going corporate, the area’s biggest new landlord has started bundling rent checks from tenants and selling them as securities on Wall Street.
Blackstone sold $479 million worth of bonds backed by its home-rental income. In addition to raising funds for Blackstone, the financing tool may bring uniform standards to a business long troubled by absentee landlords and delinquent tenants.
Blackstone’s bonds were backed by rents from more than 3,200 houses located primarily in Florida, California, Arizona and Georgia, the company said this week. The group owns about 40,000 homes across the United States, including 1,255 in the four-county Orlando market, according to a new report by the RealtyTrac research company.
Nationally, Orlando ranked 12th for investor purchases of residential property during the past 21/2 years. Equity funds, institutional buyers and other investors bought 16,501 properties, paying cash with almost every deal.
Florida as a whole led the nation for investor home purchases from January 2011 through September, with 115,167 sales. With investors selling off only about a quarter of their newly acquired properties, the majority have become rental properties, according to the RealtyTrac report. Investment groups affiliated with Blackstone have held all but six of the homes they have purchased in the Orlando area since January 2011.
Copyright © 2013 The Orlando Sentinel (Orlando, Fla.), Mary Shanklin. Distributed by MCT Information Services
We assist clients in identifying good investment proeprties, representing them throughout the purchase, organizing vendors and completing any required refurbishment. With then place the property on the market and take care of the tenant placement and subsequent management. If you are considering purchasing long term rental property in Orlando and the surrounding areas please contact us and talk to one of our experienced agents.
by Steve Silcock | Sep 27, 2013 | Investment Property in Florida, Long Term Rental, Testimonials
If you are looking for a Property Manager to take care of your long term rental property in Clermont Florida then your search is over. Serving the Four Corners area of Central Florida we have a dedicated team or property management professionals who are committed to serving the needs of tenants and long term rental owners in Davenport Clermont, Kissimmee and Haines City.
But don’t take our word for it, here’ a comment from one of our newest clients
Hi Tim
I hope all is well with you guys at Bardell …
Just a quick note, may I say how pleased I have been with the professional approach from Bardell … a refreshing place for me to be after many years of biting nails !!
Simon M – United Kingdom
Owner in Greater Groves
If you are already long term renting your property or considering moving from short term to long term rental please contact us before you make any decisions.
by admin | Apr 29, 2013 | Homes, Villas and Condos, Investment Property in Florida, Long Term Rental
The Orlando Sentinel reports that Florida has 7 of the nation’s top 20 metro areas for single-family rental investments. Buying a Florida home and using it for long term rental is becoming an attractive option for many. During the last 18 months we have seen a growing increase in the number of investors buying property for long term rental. We help clients to find the property, refurbish and then place a tenant – a true one stop shop our clients.
Orlando comes in at number 13 of the 20 as the foreclosed homes in the area become viable for return on investment with long term rentals planned. This is the perfect time to invest in a single-family home in Orlando that can be rented long term, with a positive outlook for excellent returns. Bardell Real Estate can help match you with the perfect investment property – contact us with your requirements for a long term rental property in Orlando, Florida.
OCALA, Fla. – April 5, 2013 – Seven of Florida’s foreclosure-filled housing markets are among the nation’s Top 20 metro areas for single-family rental investments, according to a report.
Ocala was the top-ranked of the Florida metropolitan areas, ranking fourth nationally with a median sales price of $75,357 for a three-bedroom home and an average monthly rent of $1,070 on the same-size house, according to the report by real estate research firm RealtyTrac Inc.
The California-based company predicted cash flow by factoring capitalization rates, rental rates and home prices. Occupancy rates were not factored into the ranking.
The four-county Orlando metro area ranked 13th for best returns, with a median sales price of $108,000 on a three-bedroom home and an average rent of $1,316 on the same-size house.
“Buying single-family homes as rentals that actually generate good monthly cash flow has become more difficult over the past year as institutional investors crowded into the market, snapping up tens of thousands of properties in 2012 alone,” said Daren Blomquist, vice president of RealtyTrac. “But there are still opportunities for the more conservative, individual investor to buy rental homes that generate a healthy return on investment – it often just takes persistence and a willingness to pass on bad deals.”
Other Florida metro areas on the Top 20 list were: Brevard County, Jacksonville, Volusia County, Tampa-St. Petersburg, and Lakeland.
Leading the nationwide list was Memphis, Tenn., with a median price of $72,605 for a three-bedroom home and an average rent of $1,047 for a house of that same size.
Copyright © 2013 The Orlando Sentinel (Orlando, Fla.), Mary Shanklin.
Should you have any questions regarding long term rental properties in Florida, Bardell Real Estate has the answers. Contact us so we can match you with your Orlando specialist who will help match you with the perfect long term rental opportunity.
Long Term Rentals with Bardell Real Estate.
by Steve Silcock | Jan 28, 2013 | Investment Property in Florida, Long Term Rental, Real Estate News
We have seen an increasing demand for long term rental in the Four Corners area near Orlando Florida and the trend looks set to continue. Recently we have been helping clients from Canada, France, Europe and the US purchasing multiple properties and placing them directly onto the long term rental market.
Helping clients to find and purchase the right homes in the right locations for long term rental is only part of the service we provide. For non-resident owners we have a dedicated team of professionals each with a clear focus and comitment to delivering the highest possible level of customer service. Our on-line Owner portal makes it easy for them to manage their properties at a distance and provides them with 24 / 7/365 access to every aspect of their homes.
It’s always a pleasure to receive comments from satisfied clients and I am delighted to share one I received last week.
“I will be referring anyone we know who is looking for property management your way as Tim is such a blessing to your company on the property management end of things. In the future, once we have this current property up and running, we are definitely going to be in the market for another rental and will no doubt be using Tim and your company for our investment needs.”
Beth Brown, Lititz, Pensylvania U.S.A
Looking forward the demand for long term rental looks set to continue as more youg Americans are forming households and fueling the need for more long term rental properties.
NEW YORK – Jan. 21, 2013 – Household formation, which stagnated when recession kept many young Americans from leaving their parents’ home or forced others to return to them, is finally on the rise.
The number of households increased 1.1 million in 2011 and nearly 1.2 million last year, underpinned by gradual labor market gains and steady economic improvement.
RBS analyst Guy Berger remarks, “The rise in household formation bodes well for the housing recovery. Instead of having too many houses, we are turning to a situation where there aren’t enough.”
The gains are felt the most in the rental market, where rising demand has triggered a spike in new apartment construction. “We are going to see more recovery in the rental market in the very short run,” says Gary Painter, a public policy professor at the University of Southern California. “As the market improves, people will start to face higher rents and over time, that will spill over into the owner-occupied market.”
Source: “Analysis: More Americans Leave Parental Nest in Boost for Housing” Reuters (01/18/13)
© Copyright 2013 INFORMATION, INC. Bethesda, MD (301) 215-4688
If you have a property that you are considering long term renting or you are thinking of purchasing a property for sale in Orlando contact us today and we will be pleased to assist.
