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

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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.

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.

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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.

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I found this article by Doug French, and I found his explanation interesting about the defaults happening in the commercial sector from apartment buildings, office space and even hotels (I know there is plenty of commercial retail space available where I live).

The other thing worth noting is that in the 80’s savings and loan crisis it took a long time for people to realize what their homes were worth.

The Real Estate Bust Is Far From Over by Doug French

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The life of a real estate investor is about creating a passive income and stream and achieving financial independence. If you are managing your own real estate portfolio, you have just created a job for yourself.

When purchasing an investment property, you should factor in a 8-10% monthly management fee, as well as room for unexpected maintenance. Having a great property manager is a sound investment in achieving your goals and owning your time. Although, hiring a bad property manager, can make things very bad, very fast. To help protect your goals and your investment, avoid these property management red flags:

1. No References. Property Management has traditionally been a referral based business and the manager should have strong relationships within the local community. They should be able to provide references from tenants, owners, local organizations or vendors.

2. Unavailable. A property manager’s responsibilities are 24/7. Their are problems that will arise at your property on nights, weekends and holidays that will need attention. Make sure your property manager approaches their services this way.

3. Conduct. The property manager should be able to convey confidence in the value of his services, and be professional. If the manager is not professional with you, they probably will not be with your tenants and vendors.

4. Successful Experience. Rather than having many years of experience, look at the amount of successful experience a property manager has. They should be able to give examples of their processes and how they are going to deliver the services they promised. It is important that they can change rapidly with the rental markets, technology and regulations.

5. Sales Pressure. If a property manager is forcing you into making a quick decision or seems desperate for your business, these are signs to run. A good property manager will give you time to collect references, get quotes from competitors and will work with you to determine if the relationship is a good fit.

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