New from South Florida / Ft. Lauderdale, b4 in NJ Union County

5 Replies

I work in the pharmaceutical industry and was relocated to Miami / Ft. Lauderdale area from NJ / Union County two years ago when I found a new job. Great relocation package which included all fees/commissions associated with selling, compensation for loss of value of the NJ house, moving household goods and cars, and closing costs for the short sale house I bought in Davie, FL about 1.25 years ago. 

I love my house in Davie so much due to great neighborhood, pool, fruit trees, etc. We got the house for about $30k below market value, and did about $9k of work, which includes cost of new appliances. Down payment + $9k = exactly what I walked out with from my NJ house, and my mortgage amount was exactly what I left NJ with. We would live here until we retired (many, many years away), except....

I was informed by my employer this past week that by April 2016, all members of my group will either be terminated and get severance unless we accept the same full relocation plan to move up to the Chester County, PA area. 

I joined here to explore the possibility of renting my house out. I've started reading other posts, and started using Zillow to get names of agents advertising rental property in my neighborhood. I'll write a more detailed post in the renter's forum with some numbers to get feedback. 

@Sean Cupertino Welcome to BP! It's a great place to gather information from a variety of sources. I am a local investor and owner of a property management company that services all of South Florida. My company screens and places tenants and can manage your tenants when you move- Message me with the information and I'd love to help you out.

Hi @Sean Cupertino , welcome to BP and greetings from a fellow NJ'er! We live in Monmouth County but own rental condos in the Ft. Lauderdale area - Sunrise and Plantation. I'm sorry your time in beautiful SoFlo is coming to an end. I wish you the best in finding a good solution. 

Renting out a home in Davie should not be a problem. Davie has good schools. Please feel free to contact me if I can help! My office is in Plantation.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you