Turning Foreclosures into Rentals

January 12th, 2012

The topic of foreclosures within the housing market is a complex and intricate subject that has plagued our nation for the past few years. Now, Federal officials are taking steps to rectify the foreclosure situation. According to a recent article on CNN Money, Federal officials are hoping to launch a pilot program early this year to convert government-owned foreclosures into rental home properties. This plan would sell foreclosed homes owned by Fannie Mae and Freddie Mac (mortgage finance guarantors) to investors in bulk, and then will be converted into rentals.

Officials hope that by placing these homes within the rental home market, the homes will be put into productive use and will stabilize neighborhoods and housing values. Also, this plan would expand the supply of rentals available for hopeful homeowners. Until now, most foreclosed homes have been sold individually because investors demanded bigger discounts for buying a larger number of homes.

The Federal Reserve has already tried to boost real estate sales by pushing mortgage rates down to record lows through massive bond-buying programs, but the renewed push for housing help indicates that the Federal government is urging for a revamp of efforts. According to Jaret Seiberg, a policy analyst with the Washington Research Group, “The Federal Reserve is signaling in event stronger the need for the government to do more to help housing.” Hopefully, these plans to revamp the home market will prove successful.

No matter the housing market condition, the team at Rental Home Management will be there to guide you through the rental process. Please do not hesitate to call us at (407)261-5610 for all of your Orlando rental home needs.

Fall 2011 Orlando Housing Trends

October 18th, 2011

If you are looking for a home in Orlando this fall, you might be in luck. This fall is a great time to buy a home. With extremely low mortgage rates and falling home prices, it will be easier to find a good deal on your next home in Orlando. There are tons of foreclosed homes on the market, which puts downward pressure on home values.

Mortgage experts are saying that mortgage rates will stay at this record-low level until at least the end of the year. They believe that once the economy begins to pick up, mortgage rates will see an increase as well. Mortgage experts also believe that the strong standards and strict underwriting requirements that lenders must uphold will not change any time soon. Lenders are under a lot of pressure by the government because of their past actions when they lowered the standards so that more people could become homeowners.

Also, experts are noticing that many investors, whether they are individual investors or investment groups, are buying foreclosed homes at low prices (and low interest rates) and then renting them out. This is because they can make more money by renting a foreclosed home, rather than selling it at a deeply discounted price. Investors plan to wait until the housing market picks up and prices start to appreciate before they think about selling the property.

If you are looking for a rental home company in Orlando whose goal is to maximize the return on your investment, choose Rental Home Management Services, Inc. in Orlando. Call us today at 407-261-5610.

Longwood, Florida – An American Colonial City With Small Town Charm

October 4th, 2011

The historic city of Longwood, FL is located in Seminole County, just west of Winter Springs. Longwood is one of Seminole County’s oldest cities and is rich with American colonial history. If you are looking to move to Seminole County, the city of Longwood has much to offer including 29 movie theaters, 2,327 restaurants, 161 public golf courses, and 32 libraries all within 15 miles!

Longwood has a charming Historical District, which spans 190 acres and offers 37 fascinating historical buildings including the Bradlee-McIntyre House and the Longwood Hotel. The Bradlee-McIntyre House, which was moved to Longwood from Altamonte Springs, is a Victorian cottage-style house built around 1885 for the Bradlee family. It is the only surviving “cottage” in both Orange County and Seminole County. This house is a Queen Anne Style three-story, 13-room vacation house featuring an octagonal tower and classic “ginger-bread” trim.

Longwood is unique in that it provides a comfortable, safe, small-town atmosphere while situated within the larger, dynamic Orlando-Kissimmee Metro Area. The city of Longwood promotes long-term prosperity and encourages smart growth in harmony with the city’s unique heritage and urban surroundings.

If you are looking for a home in Longwood, or anywhere else in Seminole County, please visit our website for a list of properties in this area or call 407-261-5610 to contact us in Orlando at Rental Home Management Services.

The Charming City of Sanford, FL

September 27th, 2011

Sanford, incorporated in 1877, is one of Central Florida’s oldest cities and features a warm small-town atmosphere.  Sanford is located along the St. John’s River and features beautiful oak trees, brick lined streets, Victorian-style homes, great weather, enticing culture, live entertainment, “southern” hospitality, and much more!

Sanford is a fast-growing community that offers job opportunities and prime real estate. This city is rich in Florida’s history and has a strong sense of community. The cultural aspect of Sanford includes a number of specialty art galleries and boutiques that have developed into a unique and diverse “arts district”. The downtown area of Sanford is charming and every Saturday morning, Magnolia Square features a Farmers Market and jazz music.

The city of Sanford is also home to the Central Florida Zoo and Botanical Gardens, where you can see over 400 animals, cool off in the Wharton-Smith Tropical Splash Ground, zoom through the trees at ZOOm Air Adventures, play laser tag, take a train ride, and even drive a Segway!

If you are looking for a home in Sanford, or anywhere in Seminole County, please visit our website for a list of properties in this area or call 407-261-5610 to contact us at Rental Home Management Services in Orlando.

Lake Mary, Florida – A Beautiful Place to Live!

September 20th, 2011

If you and your family are thinking about moving to Seminole County in Florida, the city of Lake Mary is definitely worth checking out. Lake Mary is known for its high standard of living and strong sense of community. In Lake Mary, you will never go without options for food because there are 2,050 places to eat in and around (within fifteen miles of) Lake Mary. These restaurants include everything from upscale restaurants to specialty bistros and cafés.

For your children, Lake Mary has an excellent public school system. The average test scores in reading in Lake Mary are 27.3% about the state average. Lake Mary was recognized by Money Magazine as having one of the nation’s top 100 school districts.

Lake Mary has a zoo, museums, and theaters, including the theater at Colonial Towne Center/Park Place which has 24-screens and stadium seating!

Lake Mary is a beautiful city that offers everything from luxury spa experiences to breath-taking nature trails. If you are looking for a home in Lake Mary, or Seminole County in general, visit our website for a list of properties in this area or call 407-261-5610 to contact us at Rental Home Management Services in Orlando.

New Tools In Energy Consumption

September 12th, 2011

Most people like conserving energy in their homes because it usually means saving money on their energy bills. New tools are being introduced now that may make it easier to save money on residential home energy bills.

Last week, Sprint announced a partnership with SmartLabs to make energy management tools available to homeowners and business owners. Sprint announced that SmartLabs INSTEON, the energy-management system, will be available later this year with embedded Sprint network connectivity. This unique system was designed for property owners and will allow them to watch over and manage their energy use through their Sprint smartphone or a web portal. By using a Sprint smartphone or the web portal, home owners can access energy consumption data for their specific home. SmartLabs INSTEON also claims that property owners can schedule this energy-management system to be turned on or off whenever they want. Home owners can schedule it to turn on at certain times of the day, weather conditions, occupancy, etc.

Through this tool and many others sure to come, Orlando home owners have more and more control of their own energy use and what it is costing them. This is very important in times where saving every dollar counts.

If you are looking for a great Orlando rental home company whose goal is to maximize your return on your investment, make Rental Home Management Services, Inc. in Orlando your choice. Contact us today at 407-261-5610, or e-mail Gail@renthomefl.com.

Looking for a Quality Tenant?

August 29th, 2011

Finding a quality tenant for your home can be a difficult process. You need someone you can trust that will respect your property as well as keep up with financial responsibilities. Here are some tips on ensuring your tenant is right for your home.

1. Tenant Standards – come up with a basis of standards you would like your future tenant to uphold. Remember they must fall in line with the Fair Housing Laws.
2. Make a plan – create a schedule of which you’d like to complete each step of the rental process.
3. Ask a Professional – most importantly, contact Rental Home Management Systems for assistance in finding the right tenant for your Orlando rental home. After the tenant is found, we can also manage the rental process: ensure payments are made efficiently, etc.

If you want a great company that guarantees these tips are never overlooked in any rental home, make Rental Home Management Services, INC. of Orlando your choice. Our goal is to find the perfect tenant for you and your family.  Contact us today at 407-261-5610, or e-mail Gail@renthomefl.com.

Customer Appreciation

August 8th, 2011

At Rental Home Management, we believe that the key to our success is in the personal relationships we develop with our customers. Keeping in touch with property owners and the residents of rental homes ensures the quality of service you expect for your investment property. So, this is why we would like to take a moment and thank all of our residents of rental homes and property owners for choosing Rental Home Management Services. We are thrilled that you have chosen us and we hope that you are thrilled as well! Here are a few things you all have said about us:

“My family and I owe you a debt of gratitude. You did an exceptional job and we want to acknowledge your superior effort. As you can see things have returned to a normal state, all thanks to you.”
Robert S.

“I just wanted to send a letter of thanks to all of your staff members for being such a great company to us as your tenants. I have been signed with you a little over a year now, and your Customer Service has exceeded any expectation one could ask for. I was temporarily laid off from my employment in September of 2009, and the understanding and arrangements that you were willing to work with me in that short period and the support I got from everyone on the staff was incredible. You have always responded to any concerns or request in a timely manner, and I’m truly blessed to have found a Property Management Company that has a staff that genuinely cares about their tenants. Thank you, for not leaving compassion for people out of the work place. I look forward to staying signed with your company in the future.”
Linda J.

“Both Jonathan and I are very pleased with the outcome, our expectations were definitely exceeded. Thank you again for such a timely response to these repairs.”
Luiza V.

At Rental Home Management, our focus is on you. So sit back, relax, and if there is anything you need, just let us know and we’ll take care of it for you! Contact us through our website or call 407-261-5610.

Orlando is the 4th Top Marketing for Rental Property Investors

July 17th, 2011

If you are thinking about becoming a rental property investor and your are in Orlando, then you are in luck. Orlando is rated as the 4th top market for rental property investors, according to an article in The Wall Street Journal. Click here to view the full article.

Property Management University, Inc.

July 5th, 2011

I am happy to present my training and consulting company Property Management University, Inc.

Property Management University, Inc. is a licensed real estate school.  We are presenting training for residential property managers July 21st, 2011 through July 24th, 2011.

This course will train you to be a residential property management executive. It is being offered in Deerfield Beach, FL this month. It is a 3 ½ day seminar designed for the real estate agent trying to break into the property management business, or the current company that wants to grow their business but seems stuck in their rut.

Read the articles about “Generation Rent” describing the numbers of households entering the rental market today and in the future. Now is the time to learn to professionally plan and present your property management services to tomorrow’s investors and renters.

Visit www.propertymanagementuniversity.net for information and to enroll in this course being presented only once this year.

Download the information regarding what you will learn in this course and how to register at the Wyndham Deerfield Resort. If you are tired of relying only the ups and downs of the sales market for your survival income come to this course and learn how to use your license to earn steady income by managing property for others. You will receive with this course the Property Genie software ready for you to set up your business. Imagine software ready to go. (www.property-genie.com)

Enjoy your stay in this beachfront hotel at unimaginable rates while investing in your business that can easily earn you a six figure income in just a short time. Want to know how? Come to this course.

Gail Moncla, CPM, MPM
Licensed Real Estate Instructor        Property Management University, Inc.
Licensed Real Estate Broker        Rental Home Management Services, Inc.