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WHERE HAVE ALL THE INVESTORS GONE... NOT FLORIDA...

By Jeff Long

Real Estate Agent with Keller Williams Realty

April 04, 2007 03:06 AM

We are seeing an increasing number of investors dumping their Florida rental properties due to the outrageous increases in property taxes and insurance. Although the Florida Government is working on ways to reduce the tax burden on 'homesteaded' properties, they are not addressing the concerns of the investors who's rental property are no longer profitable. In some cases rents would have to double to cover the additional taxes and insurance. HELP...

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Sam Chapman

Lakeway, TX

Jeff - lots have already hit Austin and other cities in Texas.

Apr 04, 2007 03:28 AM

Carmen Offutt

La Rosa Realty - Altamonte Springs, FL

Jeff, I hear you loud and clear. It is affecting all of us, even for the ones in the Central Florida area.

Apr 04, 2007 03:28 AM

Dianne Barody

Century 21 AmeriSouth Realty - Pensacola, FL

Pensacola Florida Real Estate

Jeff, yes, here in florida it has gotten tough. I have a rental and it may look like I have to increase rent to cover the taxes and insurance problem we have here

Apr 04, 2007 03:36 AM

Robin Cutler and Kay Pearson, Clarkston, Michigan Real Estate

Real Estate One - Clarkston, MI

Jeff, Yikes....I visit often with a place on Hutchinson Island. Fortunately I sold one investment property last year. I hope that I am able to manage the added expense of increased taxes along with making less money considering that most agents are living on less these days. Best to you in coping with the added hurdles to Florida property owners.

Apr 04, 2007 04:40 AM

Tim Maitski

Atlanta Communities Real Estate Brokerage - Atlanta, GA

Truth, Excellence and a Good Deal

I think they are moving to the mountains of Georgia.

Apr 04, 2007 02:21 PM