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Short Term VS Long Term Investment Property

Short Term VS Long Term Investment Property

Short Term VS Long Term Investment Property

home with for rent sign

Most investors associate the term “rental property” with long-term residential rental housing. However, there’s also money to be made by investing in short-term vacation rental properties. While both fall under the umbrella of rental property investments, these are two very different ways to put your money to work in real estate. 

References:Mllion acres

 

Long Term

  • Consistent income
  • Easier to manage
  • Tenant-paid utilities
  • Fewer maintenance concerns
  • Cheaper property management

Short Term

  • Higher income potential
  • Better maintenance
  • Ability to adjust pricing
  • Personal use
  • Self-management is getting easier

Looking for a long term Property Manager?

Looking for rental services in Orlando – we can help. We work with our Owners and tenants as individuals and never under estimate what it takes to keep you happy with your choice of Management Company.

By doing our due diligence with our clients, tenants, and vendors we create a service that exceeds expectations and generates positive referrals. Click one of the buttons below and start your journey with a Residential Property Management company that really cares.

We are a full-service residential property management office licensed to conduct long-term rental activity and capable of meeting all your property management needs. Many of the vacation property management companies in the Disney Orlando area are not licensed to provide these services and put Owners and their properties at risk. 

Contact a Property Manager!

The starting point for many owners is to understand the potential rental income available for their property. To request our “Free Rent Analysis” Please fill out our form below and one of our residential property managers specialists will be in contact shortly.


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Market in a Minute-October

Market in a Minute-October

Market in a Minute-October

Welcome to this months Market in a minute.

Florida Realtors has released its resale housing market statistics for September, and they continue to show a pace of home sales activity well above pre-pandemic levels.

Closed sales of existing single-family dropped just over 5% in the Orlando market when we compare it to this time last year but we have to keep that in perspective. Last year the pandemic pushed transactions from Spring into Summer so if we look at September 2019 closed sales across Florida were actually up by over 20 percent.

The rate of growth in median sale prices from month-to-month has slowed and we actually recorded a slight drop in the median home prices as we continue to see things levelling off.

Inventory increased slightly in September(less than 1%)and that’s the lowest increase since February of this year which means we still have 39% fewer homes on the market than this time last year. Prices appear to have levelled but if inventory starts tightening again we could see price growth ticking upwards, although what happens to interest rates going forward could also effect short term demand.

In the longer run, the only way we can address this shortage is to accelerate the production of new homes. Inventory remains just below one months supply and a balanced market is six months. So, we continue the long march back to a balanced market but until then Brad O’Connor Chief Economist at Florida Realtors summed it up best when he said “it’s a seller’s world, and the rest of us are just living in it”.

Well that’s all for now but remember every market and every community is different so for the latest information on buying or selling make sure you speak with your Realtor here at Bardell Real Estate and I look forward to seeing you next month.

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

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Market in a Minute-October

August Market in Minutes

August Market in Minutes

​Welcome to this months Market in a minute. Resale activity during July 2021 is showing multiple signs that the housing market is continuing on a steady path towards normality.

Closed sales of single-family homes were down very slightly on a year-over-year basis in July, by just over 2 percent, but that’s the first time sales have been down year-over-year at the statewide level since May of 2020, near the beginning of the pandemic.

Listings of single-family homes continued to rise throughout July but this rebound in inventory will take a long time to get back to the levels we had pre-pandemic. At the end of July, there were still almost 39 percent fewer single-family listings than the year prior, and almost 59 percent fewer listings than at this point in 2019.

The number of new listings increased for the fifth straight month and with inventory rising again, price growth will begin to slow over the coming months. We will increasingly be seeing fewer properties receiving multiple bids over the coming months but for now, were still firmly entrenched in sellers market and it remains red-hot. Orlando’s median home price reached $320,000 in July 2021, continuing a six-month trend of record-setting prices.

So in summary, sales rates are trending back to what we might consider a normal level of growth. Inventory has started a trend back toward normalcy, as well but it’s going to be a long road.

Well that’s all for now but remember every market and every community is different so for the latest information make sure you speak with your Realtor here at Bardell Real Estate and I look forward to seeing you next month.

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

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Outdoor Resorts #404 For Sale

Outdoor Resorts #933 Just Sold!

Outdoor Resorts #933 Just Sold!

9000 US HIGHWAY 192, CLERMONT, FL

Just Sold

Presented By:

Bardell Real Estate

Bardell Real Estate
863-424-2309

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$ Click for current price
2 BEDROOMS | 2 full baths BATHROOMS | 770 SqFt

Located in the popular GATED lakefront community of OUTDOOR RESORTS (55+/1 pet community), this very nice 2/2 home is located on the perimeter providing privacy when enjoying quality time outside. The outside shows the pride of ownership as soon as you pull on to the decorative driveway and see where the owners have added a covered front porch with a sunshade. Enter the home into the open living room/dining room/kitchen area and feel the spaciousness. The front living room windows also have the sunshades installed. The dining room has lots of storage and room for entertaining. Off the living room is the hallway with the closet laundry and down to the master bedroom suite and 2nd bath and bedroom. The 2nd bedroom is currently used as a combination office and guest bedroom with a futon. Continuing outside on to the rear porch overlooking the patio, you can enjoy privacy AND openness as you have no rear neighbors. This is a 2010 Oaks mobile home and the owners have given it lovingly care. The home comes completely furnished along with the bicycle. Survey map is available and all four corners of the lot have been marked. The HOA fee ($177/mo billed quarterly) pays for your water, sewer, basic cable, trash, and lawn mowing. The park offers a 9-hole chip-n-putt golf course, tennis courts, pickle ball, horseshoes, shuffleboard, kids mini-golf, access to 175 ac Lake Davenport, large AND small swimming pools, (all free) and a clubhouse with Sunday church, Bingo, card games, morning coffee, covered dish dinners, and on and on! Golf carts allowed. Less than 5 miles to the entrance of Disney. Loads of restaurants within a couple of miles. New medical ER less than a mile from ORO. Come enjoy the relaxed Florida lifestyle. We think you will LOVE it here!!

 

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

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Winter Garden Home Sold – 4054 Rex Dr

Winter Garden Home Sold – 4054 Rex Dr

Winter Garden Home Sold – 4054 Rex Dr

4054 Rex Dr, Winter Garden, FL

Just Sold

Presented By:

Bardell Real Estate

Bardell Real Estate
863-424-2309

  • Link on Facebook
  • Link on Twiiter
  • Connect on YouTube
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$ Click for current price
5 BEDROOMS | 3 full baths BATHROOMS | 3140 SqFt

DESIRABLE WINTER GARDEN LOCATION!! This is a beautiful, over 3,000 sq ft home, has a freshly painted exterior and interior and was remodeled and updated in 2017 and with almost 5 acres that are cross fenced, irrigated, with 2 barns and an aviary!! Bring your horses!! This property has been used as a mini farm by the owner with goats, horses, chickens, turkeys, and even a small cow. This home has plenty of room for your family or guests with 5 bedrooms and 3 bathrooms. The huge kitchen boasts a double oven and island. The great room is 21 x 23 and has a beautiful wood burning fireplace with future enjoyment by your family and guests!! The kitchen, dining and living room feature a large open floor plan. The home has been plank tile throughout. Nice 5 x 32 covered porch on front of home and 7 x 32 screened porch on rear of home. Great location with privacy but close to shopping, restaurants, Disney and major highways. DO NOT MISS THIS ONE!!

 

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

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