Sunday, March 29, 2009
Renter Tips By Alex Perez
Negotiating your lease
Your credit-worthiness is probably the most important factor when negotiating a lease. Landlords will tipically require an up to date credit report and will basically review the score, number of active and closed accounts and whether any bankruptcies or judgments exist on record. Personal and trade references will be needed when applying, also a background check is often performed by the landlord's agent or community management company if one exists.
Typically landlords demand the 1st and last month's rental in advance, as well as 1 month's rental as security deposit. The last month may, at the landlor's discretion, may be prorated or waived if the prospective tenant's credit-worthiness is deemed to be up to the landlord's standards.
Renter's Insurance
While all landlords and property owners carry insurance on their properties, these policies cover the landlord's property - not yours. To protect yourself in the event of fire, flood, or theft, you should obtain an apartment renter's insurance policy from a reputable insurance company. These policies cover your belongings and are relatively inexpensive.
Pets
Most landlords will require an increased security deposit (usually $200) which will have to be paid prior to move in. We recommend that you start looking for an apartment that accepts pets at least 60 days in advance of your move in date. Some landlords require increased monthly rental payments, others require increased security deposits. If you have some other kind of pet, ask your agent if they are acceptable before you sign a lease.
Landlord/ Tenant act (Florida Statute)
Most renters are aware they have certain rights when they are involved in a dispute with their landlord, however they often don't know what those rights are. This brochure was developed by the Florida Department of Agriculture & Consumer Services to answer many of the questions frequently asked about landlord/tenant relationships. This brochure is NOT meant to be a complete summary of Florida's Landlord/Tenant Law. For additional information not addressed in the brochure, refer to Chapter 83 of the Florida Statutes. A copy of the statutes can be obtained at your county courthouse, public library, or by calling us at 1-800-HELP-FLA (435-7352). This brochure is not intended for the purpose of providing legal advice. Click here for full details.
4 great reasons to rent
Who says you have to own a home to live the American dream? Renting can actually be better for your pocketbook and lifestyle.
Before the housing boom went bust this year, homeownership was considered a good investment. But now, with the rash of mortgage foreclosures, renting may be a more attractive option. Here’s why.1. Renting can save moneyAccording to popular myth, renters are just throwing their money away. But the reality is that when you buy a home, you’re paying for closing fees, mortgage interest, property taxes, private homeowners’ insurance and maintenance — costs that return nothing on your investment. You’d be better off banking that money or putting it into the stock market. In fact, a recent study by Fidelity Investments indicates that stocks provided investors with nearly 4.6% higher average returns in the past 45 years than real estate. 2. Homeowners’ tax deductions are overstatedConventional wisdom says that buying a home saves you money because the mortgage interest is tax-deductible. But a study by the National Multi Housing Council – a national advocacy group representing the interests of large apartment firms in the U.S. -- points out that half of homeowners don’t get a break, because even with mortgage interest and property taxes, their total deductions do not exceed the standard federal tax deduction ($10,900 for couples and $5,450 for singles).
3. More options are available to rentersWith fewer houses and condos selling, more owners are converting their properties into rentals or providing incentives to lure prospective tenants. In condo-heavy cities such as Palm Beach, Fla., for example — where the vacancy rate has jumped 2.5% — investors are undercutting apartment rates to generate interest. “A lot of people are offering three free months to attract renters,” says Robert Smith, a real-estate adviser in Orlando, Fla. “And modern apartments offer amenities that may be unaffordable in a new home.”4. Renting gives you flexibilityBuying a home is a big commitment. If you have to move for any reason — say, for work — your property would need to appreciate by at least 10% for you to recover your sales costs, which typically takes about five years. Renting allows you the freedom and mobility you need to find the right job before you tie yourself to a massive home investment
Alex Perez, P.A.
Email Alex
Phone:
754-244-9620
Cell:
754-244-9620
Fax:
888-215-6276
Address:
2883 Executive Park Dr., Ste. 201
City:
Weston
State:
Florida 33331
Your credit-worthiness is probably the most important factor when negotiating a lease. Landlords will tipically require an up to date credit report and will basically review the score, number of active and closed accounts and whether any bankruptcies or judgments exist on record. Personal and trade references will be needed when applying, also a background check is often performed by the landlord's agent or community management company if one exists.
Typically landlords demand the 1st and last month's rental in advance, as well as 1 month's rental as security deposit. The last month may, at the landlor's discretion, may be prorated or waived if the prospective tenant's credit-worthiness is deemed to be up to the landlord's standards.
Renter's Insurance
While all landlords and property owners carry insurance on their properties, these policies cover the landlord's property - not yours. To protect yourself in the event of fire, flood, or theft, you should obtain an apartment renter's insurance policy from a reputable insurance company. These policies cover your belongings and are relatively inexpensive.
Pets
Most landlords will require an increased security deposit (usually $200) which will have to be paid prior to move in. We recommend that you start looking for an apartment that accepts pets at least 60 days in advance of your move in date. Some landlords require increased monthly rental payments, others require increased security deposits. If you have some other kind of pet, ask your agent if they are acceptable before you sign a lease.
Landlord/ Tenant act (Florida Statute)
Most renters are aware they have certain rights when they are involved in a dispute with their landlord, however they often don't know what those rights are. This brochure was developed by the Florida Department of Agriculture & Consumer Services to answer many of the questions frequently asked about landlord/tenant relationships. This brochure is NOT meant to be a complete summary of Florida's Landlord/Tenant Law. For additional information not addressed in the brochure, refer to Chapter 83 of the Florida Statutes. A copy of the statutes can be obtained at your county courthouse, public library, or by calling us at 1-800-HELP-FLA (435-7352). This brochure is not intended for the purpose of providing legal advice. Click here for full details.
4 great reasons to rent
Who says you have to own a home to live the American dream? Renting can actually be better for your pocketbook and lifestyle.
Before the housing boom went bust this year, homeownership was considered a good investment. But now, with the rash of mortgage foreclosures, renting may be a more attractive option. Here’s why.1. Renting can save moneyAccording to popular myth, renters are just throwing their money away. But the reality is that when you buy a home, you’re paying for closing fees, mortgage interest, property taxes, private homeowners’ insurance and maintenance — costs that return nothing on your investment. You’d be better off banking that money or putting it into the stock market. In fact, a recent study by Fidelity Investments indicates that stocks provided investors with nearly 4.6% higher average returns in the past 45 years than real estate. 2. Homeowners’ tax deductions are overstatedConventional wisdom says that buying a home saves you money because the mortgage interest is tax-deductible. But a study by the National Multi Housing Council – a national advocacy group representing the interests of large apartment firms in the U.S. -- points out that half of homeowners don’t get a break, because even with mortgage interest and property taxes, their total deductions do not exceed the standard federal tax deduction ($10,900 for couples and $5,450 for singles).
3. More options are available to rentersWith fewer houses and condos selling, more owners are converting their properties into rentals or providing incentives to lure prospective tenants. In condo-heavy cities such as Palm Beach, Fla., for example — where the vacancy rate has jumped 2.5% — investors are undercutting apartment rates to generate interest. “A lot of people are offering three free months to attract renters,” says Robert Smith, a real-estate adviser in Orlando, Fla. “And modern apartments offer amenities that may be unaffordable in a new home.”4. Renting gives you flexibilityBuying a home is a big commitment. If you have to move for any reason — say, for work — your property would need to appreciate by at least 10% for you to recover your sales costs, which typically takes about five years. Renting allows you the freedom and mobility you need to find the right job before you tie yourself to a massive home investment
Alex Perez, P.A.
Email Alex
Phone:
754-244-9620
Cell:
754-244-9620
Fax:
888-215-6276
Address:
2883 Executive Park Dr., Ste. 201
City:
Weston
State:
Florida 33331
Alex Perez Florida Rentals Property
Contact Me Alex Perez, P.A.
Phone: 754-244-9620
Cell: 754-244-9620
Fax: 888-215-6276
Address: 2883 Executive Park Dr., Ste. 201
City: Weston State: Florida 33331
Private Party vs Rental Communities
Rental communities offer considerably lower move-in costs than private rentals and allow for immediate occupancy.
Private homes and condos offer ammenities such as varied home styles, designs and locations. Patios, yards, driveways and garages are often available.
Private Condominium homes require up to 30 days for interview and approvals.
Rental communities offer shorter term leases for an added premium.
Private homes and condos are comomonly leased for a term of 12 months and few are available on a seasonal basis.
http://www.weston-rentals.com/
By Alex Perez Florida Rentals Property
CC Sven mathura
We take the buying process as seriously as our buyers do, therefore we offer nothing but the highest quality of service to our clients. When you decide to purchase your home, make sure you hire someone whom you can trust and someone who wants to earn your business. Buying your home is one of the most important purchases you will make, so make sure you have the right agent who can provide you with the experience and the service you deserve.
When you understand current market conditions, you are better able to position yourself as a Seller. It helps to know if you are in a Seller's, Buyer's or Balanced market when setting your asking price. In a Buyer's market there is a lot more competition and Buyers have plenty of choices and room to negotiate, forcing you to be very competitive when setting your price.
Here are some of the steps I will take to find your perfect home:
Determine Your Wants and NeedsThis is the single most important step. By asking you a series of questions I will establish what you are looking for. My goal is to not waste your time by looking at properties that are not in your price range or homes that don't meet you needs. Throughout the buying process I will maintain your confidentiality and represent your best interests.
Help You Get Pre-QualifiedThis step will show you how much you can afford. This is accomplished by speaking with your financial institution and establishing what monthly payments you will be comfortable with.
Home ShoppingWe will use every available method to locate a property that matches your search parameters. This will include properties listed with our office, offered through other real estate companies, as well as unlisted properties. We will disclose all known facts about the property that are likely to affect your decision. When we find the home that meets your criteria, I will assist you in writing an offer and act as a liason between you and the seller.
Customer Loyalty RewardGet up to 1% Customer Loyalty Reward when and buying with us.
Start Shopping Now
Free home search
Phone: 754-244-9620
Cell: 754-244-9620
Fax: 888-215-6276
Address: 2883 Executive Park Dr., Ste. 201
City: Weston State: Florida 33331
Private Party vs Rental Communities
Rental communities offer considerably lower move-in costs than private rentals and allow for immediate occupancy.
Private homes and condos offer ammenities such as varied home styles, designs and locations. Patios, yards, driveways and garages are often available.
Private Condominium homes require up to 30 days for interview and approvals.
Rental communities offer shorter term leases for an added premium.
Private homes and condos are comomonly leased for a term of 12 months and few are available on a seasonal basis.
http://www.weston-rentals.com/
By Alex Perez Florida Rentals Property
CC Sven mathura
We take the buying process as seriously as our buyers do, therefore we offer nothing but the highest quality of service to our clients. When you decide to purchase your home, make sure you hire someone whom you can trust and someone who wants to earn your business. Buying your home is one of the most important purchases you will make, so make sure you have the right agent who can provide you with the experience and the service you deserve.
When you understand current market conditions, you are better able to position yourself as a Seller. It helps to know if you are in a Seller's, Buyer's or Balanced market when setting your asking price. In a Buyer's market there is a lot more competition and Buyers have plenty of choices and room to negotiate, forcing you to be very competitive when setting your price.
Here are some of the steps I will take to find your perfect home:
Determine Your Wants and NeedsThis is the single most important step. By asking you a series of questions I will establish what you are looking for. My goal is to not waste your time by looking at properties that are not in your price range or homes that don't meet you needs. Throughout the buying process I will maintain your confidentiality and represent your best interests.
Help You Get Pre-QualifiedThis step will show you how much you can afford. This is accomplished by speaking with your financial institution and establishing what monthly payments you will be comfortable with.
Home ShoppingWe will use every available method to locate a property that matches your search parameters. This will include properties listed with our office, offered through other real estate companies, as well as unlisted properties. We will disclose all known facts about the property that are likely to affect your decision. When we find the home that meets your criteria, I will assist you in writing an offer and act as a liason between you and the seller.
Customer Loyalty RewardGet up to 1% Customer Loyalty Reward when and buying with us.
Start Shopping Now
Free home search
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