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Florida Real Estate – a Better Alternative for Investment Retirement Or Holidays!

Florida Real Estate - a Better Alternative for Investment Retirement Or Holidays! If you are thinking of buying Florida real estate for any of the above reasons then you should consider what more Americans than ever are doing – buying property in Costa Rica. Florida real estate in terms of cost is 70 - 80% more expensive than Costa Rica and Costa Rica has many other advantages that Florida real estate simply cannot compete with here are just a few. For investment Costa Rica offers properties at 70 - 80% less than the cost of Florida real estate for an equivalent home. But it gets better, with an average price increase of 300% in the last 10 years, buying in Costa Rica offers great capital growth potential way in excess of Florida real estate. Consider that the above is just average and many investors have doubled their investment in just a few years! Florida real estate in terms of growth rates simply cannot compete and if you buy in Costa Rica don't worry, you get the same rights as residents, so your investment is secure and a number of tax incentives are available. For living and retiring Many Americans fed, up with high crime, inflation and the fast pace of life and are taking advantage of Costa Rica. Houses are cheaper and so to are living expenses, which are up to 70% less than in the US. Consider the fact that you can get a full time maid for 0.00 a month and done out on and you can see your money simply goes further. You have all the amenities of the US and are still only three hours from home! Many who have thought About buying Florida real estate have changed there mind and moved to Costa Rica, especially people retiring, they get more for their money, in one of the most beautiful and relaxed places to live in the world. For a holiday home We have already seen many of the advantages of Costa Rica for living and investment, so why not combine the two by buying a holiday home here rather than buying over priced Florida real estate. Consider these advantages: You can buy real estate as an asset and you can use it whenever you wish. With growth rates on property values of over 300% in just ten years and it sure beats boring mutual funds! The major advantage of course is, you can enjoy it whenever you wish – to relax and when your not their you can rent it out and take advantage of soaring rentals and demand. You can therefore get an appreciating asset, extra rental income and enjoy your asset as well. The fact is Florida real estate is expensive and is unlikely to rise any where near as fast as the Costa Rican property market. Get a home in paradise at an affordable cost If you are looking for an investment home, looking to move, retire or finally, buy a second home in Costa Rica you get more for your money and you get much more variety than if you bought Florida real estate. Leisure facilities are limited in Florida, however, but in Costa Rica you have it all - stunning beaches, volcanoes, rainforest white water rafting, rolling hills mountains, great nightlife and much more. If you are thinking of buying Florida real estate, consider Costa Rica first and you may be glad you did - an affordable paradise just a few hours flight from the US could be yours!
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Florida Real Estate – Incompetent Florida Landlords Ruin Things for the Rest of Us

Florida Real Estate - Incompetent Florida Landlords Ruin Things for the Rest of Us As a Florida landlord I have several homes currently for rent in the South Florida real estate market. Each day, phone calls come in from Florida tenants asking about one of the homes for rent. With each new phone conversation, prospective tenant provide shocking revelations about how clueless some Florida real estate investors are when they purchase a Florida rental home but don't have the background or experience to rent the home to others as a landlord. Here are some of the inappropriate business practices employed by Florida landlords in the distressed Florida real estate market: Collecting advance rent and security deposits while concealing the fact that their Florida rental home is in foreclosure - leaving the tenant without any deposit money to use on another home Offering below market rent to attract Florida tenants with full knowledge that they intend to let the home slip into foreclosure Combining security deposits and advance rent in their own personal bank account Not collecting any security deposit Failing to pay their Florida property taxes on time Allowing trampolines, above ground swimming pools, and vicious dogs on the property - dramatically increasing their liability for risks that might not be covered by Florida home insurance Not having enough or the wrong kind of Florida landlord insurance Last but not least, not maintaining their Florida rental home With all of this going on, it is no wonder that Florida tenants seem to have the edge over their Florida landlord when a dispute with their lease arises and the case is heard by a judge in court. If you were a judge hearing a case in your court where a Florida landlord had demonstrated the kind of incompetence and mismanagement described above, wouldn't you be inclined to be on the side of the Florida tenant and not allow that tenant to be evicted? So what can you do as a Florida landlord to protect yourself in today's volatile Florida real estate market? Here's how smart Florida landlords manage their rental homes: Always collect a security deposit that is equivalent to two months rent at a minimum. In most Florida counties it will take almost two months to evict a tenant that is behind on the rent. Having one additional month of security deposit will provide you with an additional cushion to cover the time required to evict and will give you some additional cash to cover damage to your Florida home. Keep tenant security deposits and advance rent in a separate non-interest bearing bank account Let current and prospective Florida tenants know if you fall behind on your mortgage payments for any reason. A sheriff showing up at your Florida rental home demanding that your tenants collect their belongings and be out of the house in 15 minutes is not the way your tenant should find out that your rental home is being foreclosed on. Whether you are paying your Florida property taxes directly or into escrow, make sure they are paid by November 30th each year to get the maximum discount. If your Florida property taxes are paid from escrow, contact your Florida mortgage company and make sure they've received the bill and have it scheduled to be paid on time. Talk to a Florida home insurance agent about the right kind of insurance to have on your Florida rental home. Usually a rental home will require dwelling fire or Florida landlord insurance. Put at least 0,000 worth of liability coverage on your Florida dwelling fire insurance policy. Require your tenant to carry Florida renters insurance with another 0,000 worth of liability coverage. That will put 0,000 in total between a lawsuit and your own personal assets. If your Florida insurance policy prohibits certain high risk activities such as trampolines, spell them out clearly in your lease. Put all maintenance and rental home safety instructions in writing for your Florida tenant. Provide your tenants with a written manual that explains how to operate everything in your Florida rental home. Document and respond immediately to all maintenance requests. If you can't fix the item promptly, send your tenant written updates on the status of the item and when you expect the repair to be completed. Every Florida landlord should become familiar with Florida Statutes Chapter 83 which covers landlord/tenant relationships in Florida. As the Florida real estate market continues to be depressed, savvy Florida landlords will follow these principles - not just to protect themselves in case they ever have to appear in court, but because it is the right thing to do. Don't be the kind of rental home investor that give all Florida landlords a bad reputation!
Florida Real Estate - Incompetent Florida Landlords Ruin Things for the Rest of Us