04/02/2025
๐ฅ๐๐ก๐ง๐๐ ๐ ๐๐ฅ๐๐๐ง -๐ช๐ง๐??
I started my real estate career managing rental properties in 2019.
๐ฐ ๐
๐ ๐ ๐๐๐ ๐๐ ๐๐๐๐๐ as well, ๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐ ๐๐ ๐๐๐๐๐๐๐.
Itโs never a dull moment. I love the hustle. I love helping people. I love making deals happen. ๐ฐ
It was so much funโฆ ๐คฉ There was a time when I didnโt even need to list a property to rent it out!
I always tell people that โreal estate is cyclicalโ and itโs ok. You just need to ride out a wave๐. We had a really, really high wave come in and now we past the crest and are on a downward wave (Is that a thing?)
What. The. Heck. What happened to our SWFL rental market??? It was rocking and rolling!
๐ฆ๐จ๐ฃ๐ฃ๐๐ฌ ๐๐ก๐ ๐๐๐ ๐๐ก๐! Itโs what drives prices.
Everyone jumped on the โinvestment propertyโ train in 2021 when money was cheap to borrow or they had extra money in the bank. Money is supposed to make your money, right? Right, but we canโt control the market!
So, supply is highโฆlike Snoop dog high!!
People bought investment properties. People bought a house bc at the time we were literally running out of inventory and some thought it was the last chance to get a home in SWFL. They bought with intentions of moving next year, the year after or some dayโฆwho knows. They just bought.
Now the dust has settled, Covid is over and ๐๐ฒ ๐ฎ๐ฟ๐ฒ ๐ฏ๐ฎ๐ฐ๐ธ ๐๐ผ ๐ฎ๐ฌ๐ญ๐ต level of demand. Exceptโฆ๐บ๐ผ๐ฟ๐ฒ rental inventory.
Plus the sales market is stale. Canโt sell your house? Or donโt want to โgive it awayโ bc you bought at the peak of the market or you decided you are not ready to move to SWFL? Youโre not using that second home as much as you thought you would?
So you decide to rent it out! Ok well you and everyone else ๐ฉ
๐ฆ๐ผ ๐ป๐ผ๐ ๐๐ฒ ๐ต๐ฎ๐๐ฒ ๐บ๐ผ๐ฟ๐ฒ ๐๐๐ฝ๐ฝ๐น๐ โฌ๏ธ , ๐น๐ฒ๐๐ โฌ๏ธ ๐ฑ๐ฒ๐บ๐ฎ๐ป๐ฑ.
BUTโฆinsurance is up. HOA fees are up. Taxes are up bc property values went upโฆ
โฆ and yet rental prices are downโฆbcโฆ..low demand high supply.
What can you do??
Wellโฆdonโt panic. ๐ฅ๐๐๐๐ซ!
Call me. Letโs talk and come up with a logical plan based on the MARKET REALITIES THAT ARE BEST FOR YOUR INDIVIDUAL NEEDS.
Real Estate is cyclicalโฆletโs ride out this wave ๐ together.
239 300 7006
[email protected]