All Forum Posts by: Jeff Tumbarello
Jeff Tumbarello has started 208 posts and replied 1026 times.
Post: Cape Coral vs Port Charlotte vs North Port
- Real Estate Broker
- Fort Myers, FL
- Posts 1,291
- Votes 322
Quote from @Carleen Murone:
I agree with Jeff on the vacancy rates. I was just speaking with a property management company and he isn't having any trouble renting his units. One thing about Cape Coral is most SFH are not in gated communities so HOA's are not an issue. There are also several build-to-rent projects going on with builder financing deals snd some even offering perks like property management (even free for a period) so maintenance costs can be kept lower in the beginning years. North Port is a bit further from the projected growth boom that we will see in Cape Coral, and also Punta Gorda (airport and resort are brining in jobs and industry). Both Cape Coral and Punt Gorda, and possibly parts of Port Charlotte, will have growth of young families due to these jobs. Feel free to contact me to discuss further.
If you price it at the market, it rents. Many of these BTR groups are pitching higher rents to get the deals to cash flow on paper.
Post: Current Trends and Dynamics in the Land Market
- Real Estate Broker
- Fort Myers, FL
- Posts 1,291
- Votes 322
When: July 3rd, 2024
The doors will open at 11:00 AM, allowing you to enjoy your meal and engage in valuable conversations. Use this opportunity to build connections, exchange ideas, and establish professional relationships. The formal meeting starts at noon.
Topic: Current Trends and Dynamics in the Land Market
Speaker: Jeff Tumbarello, Broker, Steelbridge Realty LLC, Director, SWFL REIA, Principal, Venture Investment Partners
Jeff Tumbarello is a Real Estate Investor, Real Estate Broker and expert in the Florida real estate market. With over 23 years of experience in real estate investing, Jeff has built a reputation as a trusted and reliable partner for investors looking to navigate the complex Florida real estate market.
Jeff’s extensive experience includes buying, selling, and managing residential and commercial properties throughout Florida. He has a deep understanding of the local market trends and conditions, allowing him to identify investment opportunities that align with his clients’ goals.
In addition to his work as a real estate investor, Jeff is also an advocate for the real estate industry. He is a founder and a Director of the SWFL REIA. The core purpose of The SWFL REIA is to help its members become more profitable and successful through networking, education, and empowerment.
Jeff is also a frequent speaker and commentator on the Florida real estate market, sharing his insights and expertise with investors and industry professionals alike.
With his passion for real estate and commitment to his clients, Jeff Tumbarello has become a leading figure in the Florida real estate market. His deep knowledge of the market and dedication to helping investors achieve their goals has made him a sought-after partner for investors looking to make sound real estate investments in Florida.
In 2003, Jeff founded the South West Florida Real Estate Investment Association with three other SWFL RE investors. He has been a part of every type of real estate transaction. Jeff is considered a local expert and source of data for current real estate trends. He has also performed market metrics and product modeling for capital markets and private equity firms.
Location: Three Fishermen Seafood Restaurant
Address: 13021 N Cleveland Ave, North Fort Myers, FL 33903
Click here for membership information
Free for SWFL REIA members
Non-Members are $25.00
Please email [email protected] to RSVP
Click here for membership information
Post: Cape Coral vs Port Charlotte vs North Port
- Real Estate Broker
- Fort Myers, FL
- Posts 1,291
- Votes 322
Quote from @Yulia Volokhina:
Thank you for the insight.
The website Businessobserverfl mentions that rental vacancy rates in Cape Coral is 15.3%. Does it sound right for the LTRs there?
It is not that high. I have pretty detailed datasets, I rarely can replicate the medias "data"
Post: New member from SWFL, interested in Valdosta, GA markets
- Real Estate Broker
- Fort Myers, FL
- Posts 1,291
- Votes 322
Quote from @Chris Rogers:
Good Sunday afternoon everyone! I am a rookie investor looking to network and learn here. I do not have any investment properties currently, only my primary residence. I live in SWFL and work in the commercial insurance field as an agent/advisor. For SWFL locals, I would like to discuss your tactics in this current market, where prices are still way up and rates are as well. I cannot seem to find any deals in the region that make any sense- or are even close to making sense. I have discovered a market 5 hours north of me in Valdosta, GA where the numbers seem to make a lot more sense. I would love to network and learn from any investors in either market.
I look forward to meeting fellow BP members, this seems like a fantastic resource.
Chris Rogers
Located in SWFL and own properties in Valdosta. Feel free to reach out.
Post: Cape Coral New Construction
- Real Estate Broker
- Fort Myers, FL
- Posts 1,291
- Votes 322
For those of you doing DD on builders. Do a lien search in public records. www.leeclerk.org
Post: Recommendation for New Home Builder/contractor?
- Real Estate Broker
- Fort Myers, FL
- Posts 1,291
- Votes 322
Quote from @Brandon O.:
We have a partially complete 4 bedroom new home build in Cape Coral and are considering changing contractors. Doors and windows are in and we are in rough mechanicals. Does anyone have any recommendations for quality contractors? Thanks in advance!
There are a few builders having issues. Some will make it, some will not. For some of the builders, this is not the first time they have done this, lol.
Make sure you do plenty of Due Dilly on the next, so you are not jumping from the "frying pan to the fire" so to speak.
How far along is the build?
Post: Is Cape Coral FL a good place for real estate investors?
- Real Estate Broker
- Fort Myers, FL
- Posts 1,291
- Votes 322
Cape Coral has changed so much in the last cycle. There are a lot of opportunities but also some pitfalls.
If you are buying land, watch the environmental. Also, take note of the UEP zone.
Post: What type of insurance do I need as a landlord?
- Real Estate Broker
- Fort Myers, FL
- Posts 1,291
- Votes 322
Quote from @Yana Rishkovoy:
Hi all,
Our new build will be finished in Cape Coral in a few months and I'm shopping for insurance quotes. Can you help and clarify what type of insurance I should have? Is it both liability and property coverage? Is it the same as umbrella insurance? thank you!
You should have a layer of insurance. HOI and a general liability policy. Also, require the tenants to have renters insurance.
Post: Blacktip Construction Group / Jeff Beach / Scam Artist
- Real Estate Broker
- Fort Myers, FL
- Posts 1,291
- Votes 322
This issue is about to be forefront, as many such groups are on the same trajectory.
Post: Cape Coral vs Port Charlotte vs North Port
- Real Estate Broker
- Fort Myers, FL
- Posts 1,291
- Votes 322
All three of the markets are the same with little nuances. Check out Lehigh Acres as well. Feel free to reach out