Sun Rock » Bradenton

Is Your Property Manager a Realtor?

Sun Rock Properties — Fri, 09 Apr 2010 22:10:00 +0000

Most property management companies are run by Realtors. They can manage your property, or sell it, or whatever. Too bad for you the Realtor can make a lot more money in a lot less time if they throw your property on the MLS, have a buyer come along, and get a 4% commission instead of managing it.

The mindset of a realtor is not the same as a real estate investor. Realtors are salespeople, helping people buy and sell their homes regardless of capital gain or loss. Investors are seeking high returns on their money, generating cashflow and building wealth. During the boom and bust of the mid 2000’s, many realtors got burned thinking they were investors just because they were in the real estate business.

Usually a Realtor will get into the property management business, thinking it is easy and will generate a little extra income. The result is a domination of Real Estate Agencies, who also do property management. Would you hire an electrician who does a little plumbing on the side to fix your sink? No, you would hire a plumber.

The lack of focus and priority among these companies makes finding a good property management company hard. Sun Rock Property Management was developed by real estate investors to offer an alternative to the realtor/property management companies.

Property Management is all we do.

For focused, efficient management with a personal commitment to you, contact Sun Rock Property Management.

Get Out of Contract with Property Manager

Sun Rock Properties — Tue, 30 Mar 2010 21:58:00 +0000

As real estate investors ourselves, we know what it feels like to be trapped in a contract with a bad property management company.

The contracts can be confusing, many automatically renew, so it is not clear when they expire. Almost all have penalties and advance fees taken out for early termination.

Not knowing what to do, I hung on to a bad property management company for a long time. Bad property managers cost you a lot of money. When enough was enough, I called to cancel.

They informed me of the penalties and advance fees they were going to collect. They weren’t doing the work they were supposed to, now I have to pay them for work they are not even going to do.

I decided then Sun Rock Property Management would not put clients in these positions.

We feel we have the best rates and the best quality and do not need to tie people down with contracts. If you are no longer satisfied with our service, you are free to go. We are too busy to work with owners who do not want to work with us.

Each of our contracts has a clause in it stating,

‘The owner or Sun Rock Property Management can void the contract at anytime, for any reason, without penalty.’

Would your property management company do this for you?

For the best property management in Lakewood Ranch, Florida contact Sun Rock Property Management.

The Effect of Record Foreclosures

Sun Rock Properties — Sat, 13 Mar 2010 19:45:00 +0000

When you have record numbers of foreclosures like the United States has had over the last few years, you get record numbers of renters.

The most amount of people in history have been losing their homes to foreclosure, when this happens the person:

A. Doesn’t have a place to live

B. Has bad credit

C. Can’t qualify for another mortgage

So where do these people go? Some may have to move in with family, but the majority will be looking for a place to rent.

This means that there are currently a record number of people that are interested in renting a property. This is good news for our property management company, since it makes finding tenants very easy.

In some recent cases, we have had people bidding up properties over the advertised rental price. Once properties are rented, we continue to get tons of phone calls and emails of people trying to find a place or see if we have anything similar.

Owners who can capitalize on this opportunity can increase their cashflow and limit vacancies on their properties.

For expert property management in Lakewood Ranch, Florida, contact Sun Rock Property Management.

Rent vs. Buy 2010

Sun Rock Properties — Wed, 10 Mar 2010 19:29:00 +0000

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

Sun Rock Properties — Sun, 07 Mar 2010 19:21:26 +0000

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

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

Sun Rock Properties — Wed, 09 Dec 2009 22:55:59 +0000

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.

Whether you are looking to purchase a condo on the 10th-hole in River Strand or a beautiful home in the Lakewood Ranch Country Club, prices are right for an investment in a rental property.

Contact Sun Rock Property Management for all your investment rental property management needs.

Lakewood Ranch – Property Management Perspective

Sun Rock Properties — Sat, 28 Nov 2009 17:42:00 +0000

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.

Other community features include parks with picnic areas, children’s sports fields, lakes, conservation areas and impressive landscaping.

Lakewood Ranch is very desirable. It is located in close proximity to shopping, entertainment and dining. Inside of the Lakewood Ranch community lies the Town Center offering a variety of shops and restaurants, Publix, YMCA, Lakewood Ranch Medical Center and Lakewood Ranch High School.

For the prospective investor, there are a variety of residential properties to choose from. It is best to contact a property manager for pre-purchase consulting and specific rental rates.

For expert property management in Lakewood Ranch, contact Sun Rock Property Management.

Manatee County – Property Management Perspective

Sun Rock Properties — Tue, 24 Nov 2009 23:04:00 +0000

The Bradenton/Manatee County, Florida area has always been a desirable place to live. Throughout Manatee County you will find a wide variety of properties: bayside villages, country clubs, rural settings, urban communities and retirement areas.

You can find stunning oceanfront homes and luxurious condominiums of Anna Maria Island and Holmes Beach. In the East County lies the sprawling master-planned communities Lakewood Ranch and Heritage Harbour. With these diverse options, you can find a property with everything you desire in a home.

Located between Tampa and Sarasota, Manatee County offers many attractions and historical districts. Bordering the Gulf of Mexico and the Manatee River, the county is well-suited for the avid golfer, boater or beach enthusiast.

Manatee County saw considerable appreciation during the housing boom and rapid depreciation during the bust. Manatee County is beginning to rebound from the housing market crash, showing signs of life. New businesses and retail stores are opening up and some builders are increasing prices.

The rental market in Manatee County is strong, with most properties finding tenants within 30 days of listing. Proper research must be done to determine rental rates for individual properties. Setting the right pricing point will ensure you make the maximum amount of cashflow, but also help you avoid vacancies.

For professional property management in Bradenton and Manatee County, contact Sun Rock Property Management

Bradenton & Sarasota REO Management

Sun Rock Properties — Tue, 24 Nov 2009 15:22:00 +0000

Sun Rock Property Management is now your resource for asset management in Bradenton and Sarasota, Florida. We are teaming with mortgage servicers to provide professional real estate owned or REO management and property preservation.

Services:

Property Management
REO Disposition
Complete Eviction Services
Appraisal Review
Title Issue Resolution
Property Inspections
Consulting
Contract Negotiation
Escrow Tracking

Contact Sun Rock Property Management for REO Management in Bradenton & Sarasota, Florida.

Heritage Harbour – Property Management Perspective

Sun Rock Properties — Sun, 15 Nov 2009 19:42:43 +0000

A master-planned community in the 34212 zip code, Heritage Harbour is east of I-75 on State Road 64. Built by Lennar, the desirable community offers a variety of homes and amenities for every lifestyle.

The entrance is a long, scenic pathway. On the left is a lighthouse on a small lake, huge children’s playground, picnic area, lake, walking trail, dock, and several baseball and soccer fields.

Heritage Harbour is split into three neighborhoods. Stoneybrook, Lighthouse Cove and River Strand

Lighthouse Cove, which features single family homes, townhomes, pools and playgrounds. It has an open, family friendly feel to it.

Stoneybrook is a gated community with a clubhouse, restaurant, golf, pools and a gym. Stoneybrook has a variety of houses, condominiums and villas. There is nothing like sitting on your screened-in lanai and watching golfers play a round.

River Strand is Heritage Harbour’s newest neighborhood. It features golf, tennis, fitness and more. Rest in a hammock in the make-shift beach at the pool area, or rest in the lazy river pool. River Strand, pure luxury at its finest.

Send your children to Bradenton’s best schools includes: Freedom Elementary and Lakewood Ranch High School. Both are top-rated schools.

Heritage Harbour offers quick access to shopping, schools, grocery stores and more.

Townhomes are renting from $800-$1100 per month. $1400 –1600 is the average rent for a home. Vacation rentals are around $150 per day or $950-$1050 per week.

Most of the homes were built during the peak of the housing boom in 2004-2006. Because of this, there are a lot of foreclosures, short sales and opportunities for investors.

With lower prices, outstanding amenities and strong rental rates, Heritage Harbour is a great place to invest.

For expert property management in Heritage Harbour and River Strand, contact Sun Rock Property Management.