Updates from May, 2009 Toggle Comment Threads | Keyboard Shortcuts

  • admin 7:36 pm on May 23, 2009 Permalink | Reply
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    Orlando, Windermere, & Winter Garden Florida Real Estate Market 

    Welcome to Orlandorealtyandproperty management.com. I hope you’re enjoying the spring-like weather. It’s time to “spring clean” your homes and get them ready to sell. I’m Jay Myers and am here to help you jump start your way into that new “dream home” you’ve been waiting for.

    Economic forecasts show that our economy is “springing” back! Take advantage of it and don’t miss the incredible deals that will be starting to happen within the next few weeks.

    Orlandorealtyandpropertymanagement.com is all about great deals and getting updates about the over-all state of Real Estate here in Orlando. In reality, real estate can only get better. It’s time to carefully monitor shifts in thinking, evaluate innovation and track existing real estate trends.

    It seems that every decade or so, a year comes by that really defines our industry. As we stand at the beginning of 2009, we are in a period of time destined to be landmark years.

    So go to thejaymyersteam.com and let me – Jay Myers – help you achieve your goal and be the perfect stepping stone along your path!

    As you consider buying a home in the state of Florida, in areas such as Orlando, Windermere, and Winter Garden, look at criteria such as location, design, size, and pricing. We are all different and have our own special needs.

    You will also have many questions such as:

    • Can I afford my “dream home“?
    • Where will I get my mortgage?
    • What is my credit like right now?

    I will be happy to answer each of these questions, and more. My experience has given me the knowledge of the market and the experience to answer all your questions more efficiently.

    Now, if you are in need to sell your home in the Orlando FL, Windermere, or Winter Garden Florida area, it is obvious that you will want the best possible deal. I can help you decide what needs to be done to your home to get it in the best possible shape for it to sell and sell quickly.

    Is it a buyers or sellers market in the Orlando FL area? The market conditions will play a crucial role in determining the asking price. Because market conditions change constantly, it is important that you get solid advice from an agent or REALTOR® familiar with Orlando and surrounding areas in the Real Estate market.

    Knowledge and experience are the keys to look for in a successful real estate agents business. So, in order to provide you with the best, over-all experience, find someone who is committed 100% to your cause.

    Choose a reliable real estate agent to help you with your Real Estate needs in Orlando, Windermere, or Winter Garden Florida area and make your home buying or selling a fulfilling experience. Take the stress out of the total real estate experience and let experience work for you.

    If you would like to learn more about Jay Myers and Orlando Florida real estate simply visit thejaymyersteam.com.

     
  • admin 7:36 pm on May 23, 2009 Permalink | Reply
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    Why pricing your rental property correctly is so critical. 

     

     

    One of the most critical aspects of leasing a rental property is pricing it correctly.  Too low, then you revenue is not what it could be.  But an overpriced Orlando rental property can cause far worse situations.

     

    How much does a simple air conditioning service cost?  Say $75.  How much does a 45 day vacancy cost an owner of a property that should lease at $1400/mo?   $2100!  A vacancy is the normally the biggest expense a landlord faces.  Keep the vacancy rate down by advertising at the correct market rate.  This is a better way to increase revenue and keep your rental property in good condition.

     

    1.  Every week that a property sits vacant, you could have adjusted the price 2% down and made the same amount of money.  Over a 5 week period you could have adjusted the price by 10%.   Example

            *Landlord A lists a rental home in Windermere on May 1st for $1500 per month.  Landlord A leases the rental home in Windermere on July 1st at $1500 per month.

            *Landlord B lists a rental home across the street from Landlord A on May 1st for $1400 per month.  Landlord B leases the home on June 1st at $1400 per month.

            Which Landlord made more money on his Windermere rental home?  If you said Landlord B, you were correct.  While Landlord B collected $1400 during June, Landlord A sat vacant.

     

    2.  Vacant properties can at times, not be safe.  1.  Vandalism.  2.  A potential water leak in the property could go unattended for a few days and could be disastrous. 

     

    3.  Example:  An Orlando home sits vacant.  Who pays for the utilities?  The owner.  Who pays for the lawn or pool to be maintained?  The owner.  Not only are you not having revenue coming in, but you must keep the property in proper rental ready condition.  If the property had been leased, the tenant would be responsible for the utilities, lawn and pool care.

     

    4. Most importantly, the “bad tenant” will rent an overpriced property.  A well qualified tenant will take the cheaper property because they can.  Any owner would rather have the well qualified tenant right?  Example:  Both types of tenants view 2 different Winter Garden homes, 1 home at $1500/mo, the other at $1400/mo.  For the sake of the example, both tenants want the home listed at $1400/mo.  Which one will the landlord choose?  Of course, the well qualified tenant.  Now the overpriced property’s landlord is stuck with a “bad tenant” because all of the good tenants go to the cheaper properties.

     

    5.  If you get stuck with a “bad tenant” now……what will it be like a year from now when you want to show the property with this tenant living in the property?   It will not show as well because of the condition of the carpet or paint and you will be forced to drop the price.  Or even worse, wait til this “bad tenant” moves out and then start advertising, guaranteeing a vacancy.  Another words, over pricing your property now, will overall make you less money and could affect how much you get for the property in the future.

     

    Don’t be afraid to adjust the price in order to reduce your vacancy rate on your rental property.  For more tips like this, give our property management office a call today for a FREE rental analysis of your Orlando, Kissimmee, Winter Garden, Winter Park or Windermere rental property.

     

     

    Here at Orlando Realty & Property Management our motto is “We Treat Your Home Like it is Our Own.“  We rent, sell and manage homes, townhomes, and condos in Orlando, Oviedo, Winter Park, Winter Garden, Windermere, Kissimmee, and other areas of Central Florida.  Go to our site, http://www.407rentals.com or give us a call today at 407-641-5049.  

     

     

     

    View all of our properties at http://www.407rentals.com

     

     

     
  • admin 1:16 am on May 23, 2009 Permalink | Reply
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    4 bedroom 2 bath in Hunters Creek area 

    View all of our properties at http://www.407rentals.com

     

    Come for a private showing of this Orlando rental home.  Near the Hunters Creek subdivision, just a short drive to all of the theme parks.  15 minutes to the Orlando Int’l Airport. 

     

    Price: 1150/mo
    2319 Millbank
    Orlando • FL • 32837
    Contact: Orlando Realty & Property Management by Keller Williams Realty at the Parks
    Future Tenants (407) 641-5782

    * Call 407-641-5782 to see this home!
    * AVAILABLE May 1
    * Sorry No Pets

    Bedrooms: 4
    Property Sub Type: Single Family Home
    Square Ft: 1400
    Bathrooms: 2
    Year Built: 1978

    * 4 bedroom 2 bath home
    * Fenced back yard
    * Tile floors
    * Convenient to shopping & 417
    * Convenient to the airport
    * Cozy, clean house
    * Great screened back patio
    * 2 Car Garage
    * Convenient to Disney
    * Fridge included
    * Blinds included
    * SORRY, WE DON’T ACCEPT SECTION 8
    * School info:

    Driving Directions: Central Florida Pkwy go S. on OBT, R on Waterbridge Blvd, L on Waterbridge Cir, L on Haymarket ct, L on Millbank

     

    Here at Orlando Realty & Property Management our motto is “We Treat Your Home Like it is Our Own.“  We rent, sell and manage homes, townhomes, and condos in Orlando, Oviedo, Winter Park, Winter Garden, Windermere, Kissimmee, and other areas of Central Florida.  Go to our site, http://www.407rentals.com or give us a call today at 407-641-5049.

     

     

    View all of our properties at http://www.407rentals.com

     
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