VENICE FL REAL ESTATE INVESTOR SERVICES

Investing in Venice FL real estate centers on location and future appreciation.

Testimonial

I had the winning bid on three homes with multiple offers, thanks to David's expertise.

Ron F., Sarasota

CHOOSE YOUR

TYPE OF PROPERTY

If you are a cash buyer, a single family home is your best choice for pure cash flow.  If you've heard about increasing flood insurance costs, the legislation that caused the threat of drastically higher premiums is no longer in effect. You are not required to carry flood insurance unless you are getting a mortgage.  Condo fees are likely to increase because of insurance costs and governmental compliance burdens placed on condo associations.

 

Single family homes in good condition are more likely to attract a tenant than a condo, and are more likely to appreciate in price in the short term, based on historical trends in the Venice area.  Even after you factor in expenses such as homeowner's insurance and lawn maintenance, the carrying costs for a condo versus a single family home slightly favor single family homes if you are a cash buyer.

 

If you are interested in a condo on the mainland, you can easily secure an annual tenant.  Plan on an average monthly condo fee around $350, plus condo insurance and management fees around 10% of your gross monthly rent, as your major expenses.  If you are interested in a condo to rent part time and use yourself, you are most likely going to be looking for a vacation condo on one of the barrier islands, such as Siesta Key or Longboat Key.  As a rule, vacation condos pay for themselves if you are getting a mortgage, but are not the best choice for those investors looking to maximize cash flow.

WHAT IS

THE CAP RATE?

Technically defined, the cap rate is Net Operating Income (NOI) divided by the current market value.  It is most frequently used as a method to determine the current value of commercial real estate, where a comparable value analysis is more difficult, especially with multi-family dwellings or apartment buildings.

 

Cap rates are rarely used to determine values for residential real estate investments.  If you are using a cap rate as an opportunity cost comparison to other types of investment, you can expect local cap rates between 6% and 7%.

ATTENTION CANADIANS

You do not need to register at a seminar to buy Florida real estate!

 

Please read my blog on how these real estate seminars are highly misleading to the Canadian buying public.

MORE VENICE FL HOMES

WHAT TO LOOK FOR

IN VENICE

If you're like many investors, you're looking for residential property in the Venice area.

 

Venice FL homes in key rental areas are usually 2 bedrooms and 2 baths.  3 bedrooms are not a requirement for most Venice prospective tenants.  A 2 bedroom home that has had a garage conversion is also to be avoided.

 

I advise staying away from condos unless you plan on flipping.  Most Venice condos do not allow tenants to have pets.

 

Concrete block homes with public water and sewer are your best bet for investing in Venice.  

INVESTOR

SERVICES

I offer a wide range of services to Venice FL real estate investors.

 

Buyer services:

  • Custom searches and email updates

  • Expert market analysis

  • Video walk through

  • Full team of service partners from legal to inspections

 

Seller services:

  • Expert pricing

  • Effective, custom marketing

  • Prominent links on high-ranking property pages on this website

  • Variable rate commission 

  • Design and renovation advice for higher net and shorter market time

Let me help you find your Venice, FL investment property.

DAVID BARR

Licensed FL Broker Associate

FL license BK3045865

David Barr Venice FL Realtor
Venice FL real estate agent David Barr

VENICE FL REALTOR

941.993.6853

Part 107 commercially licensed UAV operator

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Venice FL real estate agent David Barr

**Disclaimer: HOA ,condo fees, and management companies are subject to change without notice.

 

© 2019 Stellar MLS. All rights reserved. 
The data relating to real estate displayed on this website comes from the Internet Data Exchange (IDX) Program of My Florida Regional Multiple Listing Service, Inc. Not all listings are mine or those of Berkshire Hathaway HomeServices Florida Realty.  Listings displayed are based on my service area and online search keywords for the relevant page.  All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.