Grateful to Give Thanks

At this time of thanksgiving I am grateful for the many blessings associated with being the managing broker for what I consider to be the best property management company on the Space Coast. I am grateful for my amazing staff who works tirelessly to keep Showcase Property Management a great company. Being the largest management company in Brevard County, FL comes with a significant work load.  Our office processes hundreds of application per month with people searching for a place to live.

 

I am grateful to our owners who put their faith and trust in the Showcase Property Management Team. Keeping more than 2000 properties maintained across Brevard County, FL isn't always easy, but we make it our priority to keep all of our investment properties the most desired rental properties.

 

I am grateful for all the tenants who rent with Showcase Property Management. Keeping up with all the problems and issues that arise with rental homes is sometimes tough, but we make it mandatory to have our vendors respond as quickly as possible and resolve issues promptly.

 

I am grateful for all the Showcase vendors who provide exceptional service, even on week-ends and holidays like Thanksgiving. Many of our vendors have been with us for many years, I am grateful they make our properties a priority.

 

I hope you enjoy the Thanksgiving video as much as I did; it made me realize how thankful I am for so many wonderful Showcase blessings. From our Showcase Property Management Family to your family… we wish you a Blessed Happy Thanksgiving.

Happy Safe Halloween

Found this excellent short video on Halloween safety tips:

I also came across the post Halloween Safety and Fun which offers great tips for making Halloween safe for the kiddies. Many of our tenants at Showcase Property Management have children young and older who will be dressing up and hitting the neighborhoods to collect their bounty of candy all across Brevard County, FL

Some of the tips for trick-or-treating include:

  • Plan your Halloween ahead of time
  • Plan your trick or treating route
  • Make sure your kids are costumed for safety

All of us at Showcase Property Management are wishing you and your family a happy, safe Halloween!

USDA Home Loans in Brevard County, FL

Not all properties are eligible to receive rural funding with a USDA Home Loan.  In order to be eligible for  a USDA loan, household income must meet certain guidelines. Also, the home to be purchased must be located in an eligible rural area as defined by USDA.

The USDA only provides funding in Non-Rural areas.  These are areas that lie outside non-rural areas as defined by the USDA's Satellite Grant Program Request for Proposals (RFP), published in the Federal Register on May 7, 2010. The term "rural area" means any area, as confirmed by the latest decennial census of the Bureau of Census, which is not located:

– within a city, town, or incorporated area that has a population of greater than 20,000 inhabitants; or


– an urbanized area contiguous and adjacent to a city or town that has a population of greater than 50,000 inhabitants

USDA home loans are ideal for first time home buyers or anyone who qualifies within the income guidelines. Please contact me at kgblady@cfl.rr.com to obtain more information about USDA home loans.

Investors Provide Rental Properties for Growing Demand

Many of our investors who have properties managed with Showcase Property Management are purchasing short sales and foreclosures and not just expanding their portfolio but meeting the growing demands of the rental market. In many cases the owners are able to remain in their home and pay rent, less than the mortgage payment they could no longer afford to pay.
 
 
Investors located all across the United States receive emails with MLS Property Alerts that have short sales and foreclosures for sale in prime rental markets in Brevard County, FL. Each time a distressed property comes on the market they receive an email notification that provides an MLS report of property details and photos. The KGB sales team assists with obtaining the properties our investors choose to buy.

 

Our turn key team includes qualilty professionals who are quick to provide estimates for property inspections, flooring, window and door replacement, window treatments, pest control, plumbing, electrical work, lawn and landscaping, pool service and a host of other sevices to help transform properties, especially foreclosures that can need extensive work. The investor is made aware of problems and can determine cost to rectify issues. If the property needs extensive work, our rehab team gets it back in tip top shape to be a desirable home we manage and market to rent. We refer to this has our Investor Turnkey Program

If you're an investor who wants to expand you portfolio or you want to get started with obtaining investment properties, just complete the information below:

 

5 things to Know About Investor Financing for Real Estate

Feature post by Tim Horr, Thomas Louis Mortgage

As a mortgage broker I come across people who eager to invest in properties and take advantage of the current real estate values. With mortgage interest rates currently at a 40 year low and home prices so reasonable. It makes sense to invest in real estate because it really is a great time to buy Brevard County investment properties.  It’s a no brainer if you plan to pay cash, but if you want to leverage and obtain financing there are parameters to follow. Here are the top 5 things you need to know before you move forward on financing an investment property.

  1. You will need a relatively high credit score 680 at a minimum. Investor financing is the most credit scrutinized of any loan.
  2. The optimum purchase is with 25% down. You can get in with just 20% down but  I highly recommend  25% down. Once you see the numbers you will agree.
  3. You will have to qualify with your current monthly debt and the new mortgage. The new mortgage debt will include principle, interest, taxes, insurance and any homeowners association fees.
  4. Avoid trying to secure financing for condominiums in Florida. Hopefully this trend will end in a few years. But currently condo’s are real hard to secure financing.
  5. Use a local mortgage professional like myself to help you with your financing. And most importantly , once you own the investment property I highly recommend you hire Karen Gunn Bardot and her team to manage your investment property.

I have been a licensed Mortgage Originator since 1997 and have helped many investors who were new to investing and those who are pros. I can say confidently, now is the time  to invest in real estate, the real estate opportunities are ideal to  expand and diversify your portfolio. . . and Brevard County is excellent choice.

Tim Horr  | Thomas Louis Mortgage | 321-698-0417 | tim.horr@gmail.com | TimHorr.com

Why You Should Buy a Rental Property…

I came across this post, Why You Should Buy a Rental Property and when I read, “The best investments we’ve made are the ones no one else would touch.” I can see why David Ackman is hot on the Single Family Home Rental Property.  “They are cheap,” he says.  “They are a buy.” All I have to say is I agree 100%, properties are cheap in many areas of Brevard County as well as the entire state of Florida.

Now is the time for investors to scoop up these properties priced drastically below market value. My long time experience as a property manager not only helps investors determine where to buy for the best rate of return, but I am also able to provide the services of managing properties and help protect their values. By conducting regular inspections, my team and I are able to determine if the property is being maintained and to check for issues tenants may not even realize are problems.

With all of the short sales and foreclosures there is a growing need for rental properties. People coming out of distressed sales need a place to live. Most of these people make excellent tenants, they’re just victims of the economic disaster.

Why should you buy a rental property? Because the time is ripe to buy not one, but maybe two or three rental properties. When the market rallies back to stability selling them should produce a very nice profit.

 

Link to the article:

http://www.noradarealestate.com/blog/why-you-should-buy-a-rental-property/