Groups are smaller communities within the larger ActiveRain. Join groups created by others. or start your own and
get others to join
This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
Curious as to what others in your profession think about a certain product or tool?
AR's community takes the time to leave honest and transparent reviews of their experiences
so you can be a bit wiser about your purchase.
Broken down by categories and subcategories for easy finds
Get an unfiltered look at what real users are saying
Leave a review yourself for others to benefit from
Add new products as you use them and gain points for doing so
ActiveRain University (ARU) provides free on-line training. We coach, consult and support real estate professionals about real estate trends, technology and social media.
ARU Calendar provides class types and registration links
Watch short tutorials on updating your photo, inserting a hyperlink and much more
Sign up for the Daily Drop so you don't miss out on AR's daily happenings
Find answers to most FAQ's
Whatever it is you're into and wherever you are, AR surely has a group for you to join.
Brand, off the wall, specific subject matters…whatever it is you're looking for.
Each time you write a post you can syndicate your post to 5 groups.
And if by chance you don't find what you're looking for, start a new group today!
Get your content in front of more eyes
Search by location or type
Feel free to start your own group
Find some that are close to home and close to heart
Each month AR runs numerous contests as a way for our members to engage in activities
that will boost their business and increase their visibility in the community and beyond.
Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
If you have an idea for a contest, just let us know
Stay motivated and on track with new contests popping up each month
Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
Play the teacher role and help someone out today
Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
Ask a question yourself to get help
These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
I'm going to answer your questions in list form to keep things organized.
1. Question: Can we purchase any property and then be able to rent out short term? Are there restrictions, and if so, what properties do we need to view?
Answer: Here in Florida there two categories of rentals. There are either short term or long term rentals. There are usually no restrictions on long term rentals. But in this case you are asking about short term rentals. There are indeed restrictions on where short term rentals may be done. There are a few communities in Kissimmee near Disney that allow short term rentals. But I think you would be better off looking for a home in Davenport which is only about 15 minutes from Disney. In Davenport, about 90% of the homes built since 1990 allow short term rentals. It's a more desirable location in my opinion as well.
2. Question: What are the average annual taxes and charges in Florida, payable when you own a property?
Answer: There are quite a few costs associated with short term rentals that the owner must pay. Here is a brief list of them (this list is not all inclusive as there may be more or less costs involved depending on the situation):
Property taxes-probably something like $1,000-$2,000 per year right now HOA fees-$200-$7,200 per year depending on what community you buy in Home owner's insurance-probably $1,500-$2,000 Utilities-Probably $2,500-$3,500 depending on size of home and how often it's booked Lawn service-Probably $600-$1,000 per year or so Pool service-Probably $500-$800 per year Management fees-Likely 10% of gross rental income Income taxes-I believe it's 28% of any income accrued Property maintenance-I would build in about $1,000 per year to maintain the home with
That should give you a rough idea.
3. Question: With regards to prices, we see the properties for sale as, bank owned or short sale, are these the prices we pay, or are there additional amounts that will have to be paid/cleared on completion?
Answer: The listed price is just a marketed price of a home. You could end up paying more or less depending on whether there are other offers on a property or so and so on. I would budget in about $2,000 in settlement fees to be paid at settlement. For a cash purchase it probably wouldn't even be that much but better safe than sorry.
4. Question: As UK citizens and tax payers, what would we need to put in place if we decided to proceed with a purchase?
Answer: In answer to this one I'm going to provide two links to a couple articles I wrote which I think you'll find helpful.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.