Operating Estimates:
Rents: $10,200
Taxes: $1500
Insurance: $700
Management Fee: (10%) $1,020
Misc: $300
NET: $6,436 / ($536 monthly)

Purchase: $39,000
CAP: 17%

Out:
Estimated Taxes – $1,610.00
Estimated Insurance – $1,000.00
Property management (optional) – 10% $1,680.00
Misc./Maintenance/Lawn (optional) – $300.00
Total Costs – $4,590.00

Net: $12,810.00

Earn:
Total yearly equates to – $12,810.00
Total monthly equates to – $1,067.50

Price – $69,000.00
Net Cap Rate – 18.57%

Located near Fine Art district of Dunedin and near beaches in Clearwater, FL

Cost Analysis Performed as Rental Property
In:
Rent – $10,800.00

Out:
Estimated Taxes – $980.00
Estimated Insurance – $500.00
Property management (optional) – 10% $1,080.00
Misc./Maintenance/Lawn (optional) - $300.00
Total Costs – $2,560.00

Net: $8,240.00

Earn:
Total yearly equates to - $8,240.00
Total monthly equates to - $686.67

Rehab – $10,000
Price – $29,000.00 + Rehab = $39,000
Net Cap Rate - 21.13%

Property is located in downtown Zephyrhills, FL.

Total Rents – $9,000.00
Estimated Taxes – $1,275.00
Estimated Insurance – $750.00
Property management (optional) – 10% $900.00
Total Costs – $2,925.00

Net: $10,020.00

Total yearly equates to – $6,075.00
Total monthly equates to – $506.25

Price – $39,000.00
Net Cap Rate – 15.58%
Call for more information and to view property.

Rent – $9,000.00
Taxes – $660.00
Insurance – $750.00
Property management (optional) – 10% + 1st month rent – $900.00
Lawn maintenance (optional) – $50/bi-weekly – $0.00
Total – $2,310.00

Net: $6,690.00

Total yearly – $6,690.00
Total monthly – $557.50

Price – $29,000.00
Net Cap Rate – 23.07%

When you got into real estate investing, you probably visualized relaxing on a tropical island while checks are automatically deposited into your bank account every month. The leverage available in real estate offers the savvy investor opportunities to generate passive income and achieve financial independence. Real estate income is not passive, however, if you are spending all your time maintaining the property, handling tenants and keeping the books. Outsourcing the management of your real estate portfolio to a professional property management company can save you time and increase your cashflow.

Constantly reminding tenants their rent is due or late can be a real pain. A good property manager will have systems in place to effectively collect rent and maintain on-time payments.

A good property management company knows the area they are managing. They know how much your property can be rented for and can keep the vacancy rates and advertising costs as low as possible.

Finding good tenants can be very time consuming. A property manager can take care of securing all background checks, credit reports, employment verification, and verifications of rent and showing the property. By hiring a property manager you will not have to deal with tenant disputes, conflict resolution and emergency maintenance.

Editor’s note: This is a guest post from Jordan of Sun Rock Property Management

Property managers develop relationships with professionals in related fields, such as maintenance workers, tradesmen, vendors, supplies and contractors. Because of the bulk of business that a property manager gives these professionals, they can provide quality work at a discount.

Property managers are partners with you in achieving your goals and owning your time. Hiring a property manager is an investment, not an expense.

For expert property management in Pinellas, Hillsborough and Manatee Counties, Florida, contact Sun Rock Property Management.

photo by hashmil

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