Tampa’s Real Estate Boom
As a new investor, you’re looking into the Tampa or west central Florida and seeing opportunity to grow your wealth, retire early, or maybe you have more humble goals of first time ownership or househacking. You can’t just buy anything and expect cash flow anymore, but that’s a good thing! With that, comes appreciation.
I’d like to help you figure out the Tampa market.
50 Real Estate Terms You Need to Know
This is kind of an odd one, but I work with plenty of new investors in Tampa and thought I’d just list all the terms and jargon I know about real estate and investing. If you’re new(er), you’ll find this enlightening!
Understanding Florida Property Taxes
I’m not a tax expert by any means. I can’t guide you like a CPA can -minimizing liability and optimizing benefits like depreciation, interest deductions, repair and maintenance, travel deductions, pass-through deductions, when to 1031, and definitely more.
But I can tell you how I estimate taxes when I analyze deals. It sounds simple, but there’s more you need to know if you’re going to invest here than “no state income tax” and low property taxes.
Beginners Guide to Buying Property in 2024
Unless you buy properties every few years, buying a house is a somewhat vague process in the minds of many. There’s many parties involved. Who requires what for approval? Title, lender, inspector, insurance, and appraiser to name a few. I’m based in Tampa, so some of the things I go over may have some regional differences.
Investing in 2024 Florida
2023 is over, and we have insights that are shaping the real estate market in Tampa and across Florida. From subtle changes in rent growth to competitive sales dynamics, let’s go over what these trends mean for you. Stay ahead of the curve with this analysis, guiding your investment strategies for 2024 with real, actionable insights.
Florida vs California… Landlord Laws
You constantly hear how Florida is a landlord friendly state and California is not. But have you really compared them? Well, I did and here’s what I found.. here are 5 landlord laws I compare to see if Florida really is a more landlord-friendly state.
7 Top Communities in Tampa Bay
Here are 7 top communities you should look into. These are ranked by overall desirability, how investable they are, and their appreciation potential over the next 10 years. These are Tampa’s hottest areas!
The 3 Most-Critical Pieces Before Listing Your Rental
Are you a landlord planning to sell your rental property? My latest blog post delves into top strategies to maximize your success. From adjusting tenancy agreements to improving your property’s condition and organizing financial documents, these tips will help attract the right buyers and ensure a profitable sale.
What Is Landlord Insurance?
Florida has seen around 13 property insurance companies go bankrupt and 9 leave the state in the last ~18 months. Insurance is getting out of hand. Landlord insurance is likely going to be required of you by your lender and you won’t have many options to shop out.
Condos are bad investments.
Thinking of diversifying your real estate investment with a condo? Hold that thought. I have some opinions why condos can be a risky bet. High HOA fees, slower appreciation, and a bunch of other challenges could hinder your investment goals. Discover the essential facts every investor should know before purchasing a condo in my latest blog post.
Why You Want To Pay Property Management Fees
Property management fees in Tampa range from 8% to 10% of the properties monthly rental income. These fees cover a range of services essential for maintaining your property and managing tenant relationships. The services typically include setting rent prices, preparing and listing rentals, tenant screening, pet screening, fraud prevention, lease management, rent collection, rare evictions and other legal headaches, and handling maintenance and repairs.
Understanding Rental Seasons
Learn about Tampa's peak and off rental season with my expert guide. Practical tips for preparing properties, optimizing lease terms, and using online tools to enhance rental demand and boost your investment returns
5 Steps to Kickstart Your Real Estate Investment Journey
Start your real estate investment career with confidence. This guide delves deep into the five crucial steps for beginners, providing detailed insights and practical tips for a successful venture into the property market.
3 Mistakes to Avoid When Investing in Rentals in Tampa Bay, Lakeland, and Sarasota
Discover the top three mistakes to avoid in Tampa's real estate market. This article provides essential insights for investors looking to navigate this dynamic market successfully. Learn how strategic research, analyzing numbers, and thorough processes can make a significant difference in your investment journey.
Sarasota vs. St. Petersburg: Which is the Better Investment Bet?
Explore the dynamic real estate markets of Sarasota and St. Petersburg in our latest investment analysis. Discover key insights on population growth, wage trends, and job prospects to make informed decisions for your next investment in Florida's Gulf Coast.
Your Tenant is Vacating - rent or sell?
The often-overlooked value of a real estate agent in tenant move-outs. Find out how their expertise in property inspections and fair damage assessments can safeguard your investment and enhance its profitability if selling.
Need to Sell Your Property?
Navigating the 2023 real estate market for sellers in West Central Florida. Discover how Dillon Cook, a dedicated Investor Agent in Tampa Bay, leverages speed, communication, and emotional intelligence to sell properties effectively in a shifting landscape.
The Numbers Game: Strategies for Profitable Long-Term Rentals in Tampa
Explore practical tips for buying long-term rentals in Tampa Bay. Learn what plays into cash flow, down payments, and refinancing. Helping investors make informed decisions in the local real estate market during tough markets to cash flow.
A Bright Horizon for Tampa Investors in 2024
Dive into the thriving Tampa real estate market and uncover why it's a goldmine for investors in 2024. From soaring home values to a robust job market and favorable tax conditions, find out how Tampa's diverse investment options can enhance your portfolio.
Unlocking the Power of Passive Income Through Real Estate Investments in Tampa and St. Petersburg
Who doesn't dream of earning money while they sleep? Passive income is the golden ticket to financial freedom, and real estate investments offer a real way to achieve it.