Cape Coral Newbie Tips
I purchased a new home in Cape Coral, FL and live on the west coast. I was thinking of advertising and just managing the property myself since the repairs would be minimal. But after reading here about poor renters, I am losing heart. Does it sound crazy to manage this myself?
Anyone have any property managers in Cape Coral they could recommend?
I have to hold this property for a year (the Sandoval development) and if any pros out there have some observations about the trend of the housing market I would love to hear it. In San Diego where I live, the market is definitely cooling, and I know several people who have backed out of deals because of the concern of dropping prices.
Thanks for taking the time to read this. I welcome any suggestions for a newbie.
Mannix
Thanks for the thoughts about the market. I wonder if anyone knows of a good property manager for a single family home in Cape Coral, FL?
Thanks!
It should not be a problem for you to manage a single family property. Give it a shot, if it gets to be too much then seek a PM.
Thanks for the encouragement. I think my only fear is having to start eviction procedings on a poor tenant. Has anyone in Florida had experiences doing that themselves from a distance?
Or are there firms that will help you with the eviction process if it comes to that?
Here is a link to the steps to evict in FL:
http://www.rhol.org/csu/evictions/Florida/FloridaSteps.htm
You can avoid most evictions by doing a rigorous screening.
Thanks!
One way you could look at it is the fact that essentially the risk of pet damages is a marketing fee. Instead of throwing another ad in the newspaper for a tenant, you may work half as hard to find a tenant by allowing pets, but the money you save will be spent on pet clean-up.
Just my two cents