All Forum Posts by: Madhu Prabhakaran

Thank you all for your replies, Matt your insight is truly helpful, thanks Mehran for referring this question to Matt.

I have only research knowlege about Florida, I have been investing in CA especially orange county but this is a market where one can look for appreciation , I exited one position here and now I am focusing on generating cash flow so that is one primary reason to look towards Florida.

It will definitely be my first time even exploring investment out of state, I like you Matt don't have family there. I would be more interested in multi units that have a stable cash flow and in a rentable area, I have heard not every place is equally interesting or rentable. Can you suggest the price points I am looking at in areas where there is stable employment and what would be those areas.

I am also looking for a reliable property management company and a Realtor to help scout investments in Florida, Matt if you have any suggestions and recommendations it will really be helpful. Based on your recommendation I am open to Central FL, and you have justified the economics as that was one aspect I had no clarity how the economy survies inorder for the rental market to provide a stable cash flow.

I also as part of research read that there is a 6% tax on rental income I am not sure if I read this correct, so other than higher insurance and property taxes are there any other expenses that I have to factor in specific to that state ?

Thank you so much

Hi

I am looking to invest in South Florida, I live in California have a couple of rental properties here, I sold one and want to redeploy cash and was wondering if South Florida is a good market for investment. I do know out of state investing is kind of tricky, also if there is any realtor that can help me get deals in South Florida would be helpful.

regards

madhu

I agree december is getting to be a tough month. Although I had two tenants going through the entire application and credit process and when they were approved and I was about to discuss lease they got cold feet. Not sure why .

There was one lady wanting to rent as soon as my current tenant moved out but she had a large dog and I passed though everything else checked out. Now on hindsight I am thinking did I make a bad move may be I did. December is really a tough month, I am sitting pretty and I agree eviction vs vacancy , vacancy always wins.

I really love this forum it helps in getting ideas and it is kind of we are all on the same boat kind of feeling .

General question is legal to introduce a lease performance bonus in the lease agreement. I had in the past some very ideal tenants and thought I can pass on something towards the end of the lease and when they sign on to a renewal.