All Forum Posts by: Adam Bartomeo

We inform the tenants in a multitude of ways. The main way is by posting the non-renewal to the door, but we also email them and text message them.

It will depend on a multitude of fact, there’s including commercial type, location, age of the property, traffic to the property. The higher, the risk of not making money, the higher the percentage of the management fee.

In FL the security deposit has to be kept in an escrow account, in the state, and if it is interest bearing the tenant gets 75% of the interest.

My business partners and I are buying single family homes in SWFL - Cape Coral, Ft Myers, North Ft Myers, Lee County, Naples, Punta Gorda, and the surrounding areas. We are mostly looking for value add properties but are open to other types of residential real estate in any condition. We are serious buyers who buy about 4 a month. PM me or go to my page to get my email. 

I would be surprised if the tenants would sign another lease if they already have one. There would have to be some sort of benefit to them. You will be unable to force them to do this.

Why would a rental ever be paid off? You are not using leverage to your advantage and that is the biggest benefit to investing in real estate.

You will wish that you knew a great PM to manage the property. They will make or break the investment.

The #1 action was just that, taking ACTION. I bought my first rental after studying, hoping and wishing for years.

It wasn't even close to a "perfect property" but taught me invaluable lessons in one of the worst markets in real estate history.

I recommend taking the first step as soon as possible. My daughter just bought her first home at 18 and she is house hacking.

I am a local investor, Broker, and property manager in SWFL. My team and I can answer any questions you may have.