Rent vs. Buy 2010

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3110849717_6cb00cc147 The rent vs. buy calculator was traditionally used by realtors and mortgage lenders as a way to show you the benefits of homeownership.  These include building equity, getting a tax write-off and appreciation of the property.

These numbers always skew in favor of purchasing a home instead of renting, which is what they want you to do anyway.  Buying a home and paying it off in 30 years does make sense financially, but who really does that anymore? 

To make an intelligent decision in times like these, you have to go outside the numbers.

Will I live in the property for 30 years?

What is the total cost of ownership of the property?

What if I get transferred or move?

What if I can’t find a tenant or a tenant doesn’t pay?

What if I lose my job?

What if property doesn’t appreciate for the next 15 years?

What repairs/renovations will I have to do?

What if my taxes, insurance and homeowners’ dues increase?

Ask yourself a few of these questions and see if renting might be the right choice for you, right now.

Sun Rock Property Management is a full-service property management company in Florida, with a portfolio of properties from Apollo Beach to Sarasota, Florida.

Facebook Marketplace

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Word of Mouth is always the best way to market a property.  A new application for Facebook users to get the word out about rentals is Facebook Marketplace. 

You can post your properties for rent and immediately share them with friends and fans. 

This is another great tool to increase cashflow for our owners, by marketing their properties effectively, and at no expense to them.

The listing will help to spread the word about the property through social networks and also rank high on major search engines.  Prospective tenants will easily find listings on Facebook Marketplace for searches in the area.

Spending $120 a month on newspaper ads is a thing of the past.

For effective property management in Bradenton, Sarasota and Lakewood Ranch, Florida, contact Sun Rock Property Management

We’re a Google Favorite Place!

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fp1 There is a large buzz about Google sending out Favorite Places packets with window decals to 100,000 of the “most sought out and researched businesses on Google and Google Maps.” The list is determined on the popularity of a business’ as a Google Favorite Place.

We kept our fingers crossed, hoping we’d get one. How cool would it be to be announced as a Google Favorite Place among the millions of small businesses in the US? Read more »

MiraBay – Property Management Perspective

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Imagine having your morning coffee on your lanai watching dolphins jump above the water. If that is how you imagine your mornings, look no further than MiraBay.

Located on Tampa Bay in Apollo Beach, MiraBay is the dream for anyone who wants to enjoy the luxury of living in Tampa’s all-inclusive waterfront community.

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At MiraBay, you are more than a resident, you are living the coastal resort-style community dream. MiraBay offers its’ citizens more than 35 active resident clubs. If you prefer, you can visit the MiraBay spa and join friends for brunch at The Galley Café, a waterfront restaurant. Read more »

As Home Prices Decline, it is a Great Time to Invest in a Rental Property

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In Manatee County home and condominium re-sales rose in October. However,  there’s still a debate about the housing market recovery.

According to the Florida Association of Realtors, sales of existing single-family homes in the Sarasota-Bradenton market rose nearly 50 percent in October compared to the same month a year ago. Sales of previously-owned condos also escalated.

Bargain-hunters and first-time homebuyers seeking the federal tax-credit deadline pushed the sales spike. This led to a decrease in the median sales price from a year ago. Read more »

Lakewood Ranch – Property Management Perspective

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East of I-75, in the 34202 zip code, is the master-planned community of Lakewood Ranch.  Lakewood Ranch offers a variety of different properties and amenities to suit any lifestyle.

The neighborhoods of Greenbrook, Summerfield, The Lake Club, Lakewood Ranch Country Club and Riverwalk are connected by the trademark of Lakewood Ranch, miles and miles of nature trails.  For active residents, Lakewood Ranch offers several outdoor activities including golf, tennis, polo and cricket. Read more »