Sun Rock Property Management» lakewood ranch

Snakes

Sun Rock Properties — Mon, 14 May 2012 14:18:06 +0000

That’s the momma eastern diamondback rattlesnake found right on the edge of my backyard. What if it was in the backyard of your rental property? What if it bit the tenant? Who is liable? These are some of the questions you might not think about until it is too late. You must take precautions to protect your asset and also have a solid lease that describes liability. Pools, aggressive dogs, slips and falls, all of these things can wipe out years of income in an instant. Protect yourself with a solid lease to and an expert property management company that knows the laws.

For expert property management you can rely on in Sarasota, Bradenton and Lakewood Ranch, Florida contact Sun Rock Property Management

The Video

Sun Rock Properties — Wed, 15 Feb 2012 11:44:37 +0000

No Vacancy

Sun Rock Properties — Sat, 17 Dec 2011 01:23:38 +0000

The current rental market is Hot. The recent record number of foreclosures have left families displaced, bank owned properties sit empty and mortgages are hard to come by. Throw in unemployment and depreciating properties and you get a high supply of prospective tenants.

Properties shouldn’t be sitting vacant long in this market. Most of our clients have new leases started the day after their old tenant’s lease ends. With 60 days notice and a hot rental market, how could you have vacancies? Any good property manager should, on average be able to rent your property in 2 to 3 weeks, if not, something is wrong.

When I look at properties online I see some that have been vacant for 200 to 300 days?? Property management in Wesley Chapel. This is ridiculous and I believe it is mainly from realtors telling owners what they want to hear and not being responsive to prospective tenants.

This rental market will be hot for the foreseeable future, but won’t last forever. Investors should be maximizing their opportunities while they are there.

For Expert Property Management in Hillsborough, Pinellas, Manatee and Sarasota Counties contact Sun Rock Property Management

No Jobs, No Housing Recovery

Sun Rock Properties — Thu, 15 Dec 2011 01:16:47 +0000

Until people are finding work, there will not be any appreciation in home prices and foreclosures will continue. The latest statistics show a drop in unemployment to 9.1%, but this doesn’t factor in people working part time or no longer actively looking.

But all data aside, I am still seeing neighbors, friends and former colleagues all unemployed. Until I start hearing about unemployment so much on the street, I won’t count on any housing recovery. This means continue to buy deals that cashflow and lock in the low interest rates.

There is no Republican that can beat Obama and most people will be underwater, in foreclosure or unemployed and will vote for their own personal bailout. So, likely nothing will really change in the near future.

That being said, once I start hearing good news ‘on the street’, I’ll know it is time to sell.

Rental Property Video Marketing

Sun Rock Properties — Wed, 04 Aug 2010 00:34:00 +0000

Vacancies will kill your cashflow. Having your property vacant just one month can wipe out all of your profits from the year. It is better to secure a tenant for $50 less than what you are asking than to have your property sit vacant for a month. Being real estate investors ourselves, we adopted the philosophy of ‘keep it rented.’

So when we have a property coming available, we do everything we can think of to get it rented fast.

Our biggest successes have come from marketing our properties online. This not only gives us a lot of great targeted leads, it doesn’t cost our owners a dime.

Video is becoming more popular on the web. Videos are also being factored into rankings on search engines like Google, Yahoo and Bing.

If you list a video with the area + for rent in the title, then your video link will show up in property searches for that area.

The actual ad, looks a lot better and gives the prospective tenant a better experience in shopping for a home to rent.

The advertising costs to our owners is still zero, but we now create great looking video advertisements for their properties. They are posted on the Sun Rock Property Management channel of YouTube.

Going forward, videos will become more and more important in finding and securing good tenants. Sun Rock will continue to utilize technology to make your property stand out from the rest and eliminate vacancy.

In Pinellas, Hillsborough, Manatee and Sarasota counties, Florida, We Manage Your Investment.

If Mortgage Rates went up….

Sun Rock Properties — Fri, 02 Apr 2010 22:38:00 +0000

If mortgage rates went up, the dollar would be worth more. Money would be more expensive to borrow, therefore more scarce and valuable. You would have more purchasing power with the money you already have and earn a higher return on savings. Banks would have more money to lend, because they could entice customers with high CD, IRA and savings rates. The higher rates would curb inflation, causing the price of everything to go down, including real estate.

Higher mortgage rates will further depreciate America’s housing market. If you are selling a home for $100k and the average mortgage rate is 5%, the buyer’s payment on a 30 year fixed mortgage is $536 per month. If the mortgage rate went up to 8%, how much of an offer could the buyer make and still keep their monthly payment at $536?

Answer: $73k. Buyers in the market for your property can now only offer 73% of the price when rates were 3% lower. Your home just depreciated 27%.

Are we at the bottom? Not even close.

On April 1st Federal Reserve is not continuing its investment, which means that mortgage rates are about to increase. Experts believe home prices will drop 5 to 10 percent. – realestate.com

Rates have been kept artificially low for the past 9 years, creating a boom and then propping up a bust.

Perhaps rates should really be at 15-20% to make up for all the money that has been printed and spent.

Either rates will stay low and the whole thing will go into a death spiral or at some point market forces will push rates up. When that happens, expect your home to be worth less, and maybe the market bottom will be in sight.

For professional property management in Lakewood Ranch, FL, contact Sun Rock Property Management