Is Now a Good Time to Become a Landlord?

I’ve been a Landlord for several years. I wish it was a positive and profitable endeavor but that really isn’t true. For the most part, we have found some great tenants but just one bad tenant and horrific experience can make you wish you never bought that investment house – especially when you are just breaking even on a property. That just doesn’t make sense.

So here we are at the tail end of 2010 with real estate prices as low as 2002 and 2003 prices; it just may be the opportunity most investors are looking for. No one becomes a Landlord because it’s fun or because they have nothing else to do. It either happens by default (can’t sell a home) or because the investor sees a financial gain at their fingertips.

Well, the financial gain of being a Landlord may just have arrived. The prices of condos and small homes in the Tampa Bay area have come down so significantly that it is making good sense to buy one of these now and rent it out. Take this example. If you buy a condo or a home for around $50,000, you can most likely expect to get $700 to $800 a month in rent. At that amount, payback with expenses could occur in less than 10 years. Whether you pay cash or you finance the loan, cash sitting in the bank today will never give you that return.

With interest rates and property prices very low, depending on your situation, it might make sense for you to become a Landlord. If we can help you find an investment property in Tampa Bay, please let us know.

Retiring in Florida

Florida has long held the reputation of being the retirees’ paradise and for good reason too. But, sometimes that comes with a negative connotation. With comfortable warm weather year-round, senior-oriented developments, and outlet shopping among many other things, getting older is not such a bad prospect. So, what is the senior drawing power that the Tampa area has to offer?

• Entertainment
If you are looking for some entertainment, all AMC theaters offer a 30 percent discount on all of their ticket prices. However, if a theme park interests you, then Busch Gardens Tampa takes $3 off of their single-day admission tickets as well does Sea World Orlando.

• Meals
Plenty of establishments are intended for all patrons but keep their senior customers in mind as well. Places like the Sweet Tomatoes franchise have a large draw for mid-day soup and salad and offer discounts to senior citizens depending on what time they arrive. If you want to cook your own meal in the comfort of your own home, Florida’s largest supermarket, Publix, offers customers 55 years and older a 5% discount on all purchases on every Wednesday of the month.

• Shopping
In addition to the two large outlet malls in Orlando and the one in Ellington, T.J. Maxx, a national discount retail store, offers a 10 percent discount to seniors 55 and above only in the state of Florida. Bealls, the Florida store, gives its senior customers who are 50 years and above a 20 percent discount on the first Tuesday of every month.

• Other Benefits
Other benefits include driving courses that senior citizens have the ability to take to immediately reduce their Florida insurance rates. But, the most applicable benefit of senior living in Florida and the Tampa area is the abundance of 55+ property, which is offered at a much lower price than otherwise regularly intended real estate. View 55+ Florida property here.

So, while some might loathe the thought of getting older, living in Florida definitely softens the blow! If you want to view some listings of active adult 55+ retirement communities, we have all the listings!

1102 Hammock Pine Blvd., #1102, Clearwater, FL

Call Len Lipply at 727 642 0255 for a showing!

Well cared for “one owner condo” situated in the Hammock Pine Condominium Complex may be available for sale soon in Clearwater. This prime location offers easy access to US Hwy 19’s shops, restaurants, and nearby Westfield Countryside Mall. Just minutes by car to the famous Florida Beaches and Golf Courses, this location ideal for singles and retirees alike. With 2 bedrooms, 2 baths, covered parking and a screened porch, these condos in Hammock Pine are very popular. Built in 1985, the grounds have mature landscaping and are well groomed. Amenities include a heated pool/spa, clubhouse, tennis court, and fitness center.

Get more information on Hammock Pine listings and all the Hammock Pine condos for sale.

St. Petersburg Florida ~ A Great Place to Retire

Is retirement on the horizon and you’re looking to find a place where you can remain active and enjoy life? Look no further than beautiful St. Petersburg, Florida! Here there is something for everyone. Some people come for the gorgeous white sand beaches that stretch for miles and miles. You can stay healthy swimming almost year long in the pool or in the gorgeous Gulf of Mexico. Others are looking to perfect their golf game at some of our best golf courses such as Bardmoor, the Vinoy Resort, Feather Sound Country Club and world renowned nearby Innisbrook Resort. With the daily weather always reporting sunshine, you can play golf all day – everyday.

But St. Petersburg isn’t just for these leisurely activities. It’s home to wonderful art museums such as Salvadore Dali Museum, the Museum of Fine Arts, as well as the Mahaffey Theatre that feature Broadway plays and musical entertainment. And, if you want to take a course to keep your brain sharp, nearby Eckerd College or USF has many options for you.

The medium home price in St. Petersburg Florida is currently sitting at $150,000 which is a perfect price range for most retirees. You can view all the Homes for Sale in St. Petersburg in the lower price ranges by clicking the link.

Many retirees often have children and grandchildren they would like to come visit them. There is no better place to attract a family to than St. Petersburg! The possibilities are endless! Nearby Busch Gardens, Adventure Island and the Lowry Park Zoo are sure to please out-of-town guests. Weeki Wachee’s live mermaid shows, the Florida Aquariums expansive marine life and Great Explorations Childrens Museum are all equally exciting. And of course, being less than 2 hours away from the greatest place on earth, Disney World is not to be overlooked! With just a short drive you can play at the Magic Kingdom, all the Universal Studio’s theme parks, as well as touch a dolphin at Sea World.

Lastly, we all love cheering on our favorite sports teams. Let’s crack open our peanuts and cracker jacks and start with baseball. St. Petersburg is home to the Tampa Bay Rays, as well as many spring training teams. There is nothing better than a hot dog at the field and with baseball games going on almost all season long, there is never a dull moment for baseball fans! If football is more your sport, the Tampa Bay Buccaneers are sure to please. Raymond James stadium is just minutes from home and the fans really come alive when the Bucs take the field. And if you are from the north, you may enjoy visiting the Tampa Bay Lightning for some fast fun and intense hockey!

There is so much to do in St. Petersburg. So come for a visit, and stay for a lifetime. Once you come, you will not want to leave.

Take note Money Magazine has rated St. Petersburg Florida as the seventh best place in the United States to retire. Read the full story here.