All Forum Posts by: Mohamed Zoweil

I closed on a new property on February, the tenant sent March rent by mistake to the previous owner, who refused to send it to me, saying that this covers the tenant's past owed rent.

I have an email from the tenant stating that this amount was intended to pay March rent, so I think that the owner has no right to apply it to the previous rent owed, since it's not his money.

Do you think I have grounds for taking a legal action based on the tenant email?

Thanks

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Thanks everyone!

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Hi,

I recently bought a rental property (C class duplex) in Florida, and the property manager told me we have to cut the lawn weekly during summer and twice a month during winter, because grass grow fast in Florida.

That sounds excessive, is it common?

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Originally posted by @John Thedford:

I live in Naples but invest primarily in Cape Coral. The Ft Myers/Cape Coral area had the highest % rent increase last year. I believe it was over 26%. Demand is strong though I do believe we now have some moderate softening of rents. If you want maximum cash flow you really need to find a deal rather than buying turn key units. Those are priced at retail. You MUST make your money when you buy. This also gives some insulation when the market cycles. Between Ft Myers or the Cape Coral area, I personally prefer the cape. Others may prefer Ft Myers. If you do buy in the cape, try to purchase where water and sewer are in the have been paid in full or paid down quite a bit. I expect to get hit with at least two 22K bills next year for water/sewer for properties that are on well and the city is bringing in water and sewer. There is no opt-out ...everyone MUST get hooked up when they bring them in.

John, how did you estimate the 22K for water/sewer connection, I'm guessing you have multiple properties, or is that the cost for a single one?

I'm looking to purchase a property that is already connected to the city water, but still on septic. According to the city, sewer lines for that zone will be implemented in 2018/2019, do you know how can I estimate the fees given that the property already paid around 4K for the water hookup?

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Cape Coral, Florida

All Forum Posts by: Mohamed Zoweil

Mohamed Zoweil has started 2 posts and replied 4 times.

Post: Rent sent to previous owner after closing

Post: Lawn services frequency

Post: Lawn services frequency

Post: Cape Coral-Fort Myers Rental Properties