Should I Buy & Rent My Naples or Bonita Springs Property? See all property www.buyfloridare.com
I have been asked this question countless times and the answer is always answered with a couple questions? Will you mind someone else using your property while you are not in town? Would want to furnish and rent seasonally or rent it annually unfurnished? Based upon those answers I can properly formulate my response. If my buyers does not see themselves using the property at all over the next one to five years I would suggest an annual rental, less to deal with and much less wear and tear on the property. This may also bring the best return on investment unless my buyers are purchasing a higher end property that will rent for 8-20,000 per month and be rented 6-12 months of the year. A prime example for an annual unfurnished rental would be a condo or home purchased in the 200,000-400,000 price range which should bring in 1200-3000 per month with tenant paying all utilities. My annual rental customers on average are getting a 10% annual return. In a seasonal rental the owner typically pays the utilities. If you are buying in a higher end community or very close to or on the beach, you probably will be better off in a seasonal rental. Some of the condos on or near Ft. Myers beach, Naples, Bonita Springs or the nearby islands offer weekly rentals which are managed by the community staff and bring great return on investment. I have seen seasonal rentals as high as 20% ROI. To speak with me personally about buying and renting or with any SW Florida property or area questions, contact me 7 days a week.
Bob Forman 239-322-7672 bforman@buyfloridare.com To see all SW Florida property for sale, go on my property website www.buyfloridare.com.
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