5 Risks a Vacant Home Can Lead to for Central FL Property Investors

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In the third quarter of 2019, ATTOM Data Solutions found that over 1.5 million U.S. single-family homes and condos are vacant, representing 1.6% of all homes. Investors can buy these vacant.

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In general, a vacant property becomes a problem when the property owner abandons the basic responsibilities of ownership, such as routine maintenance or mortgage and property tax payments. 2 Multiple variables can lead authorities to designate a property as either vacant or abandoned, including the physical condition of a structure, the amount of time that a property has been in that particular condition, and the relationship of the owner to the property.

Bottom Line – rental property expenses Investors Can’t Afford to Forget It’s important for real estate investors to accurately calculate the net income and ROI for their rental properties. As a landlord, you should be aware of the possible rental property expenses so you can factor them in when you prepare your financials.

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We can target the data to fit your needs. I came across an ad for vacant properties the other day and requested a count for pasco county fl. I had just sold a customer a list for Pasco County with 1469 records using my filters below. The count from the competitor was 3931. I looked at 3 more companies advertising vacant homes.

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These are homes that in most cases are owned by other investors who want to get rid of them quickly. They typically need some work that the investor doesn’t have the time or patience to do. Your willingness to take on the task of rehabbing the property can really pay off.