All Forum Posts by: Rui Torrao
Rui Torrao has started 2 posts and replied 5 times.
Post: Selling Vacant Lots in NE & NW Cape Coral

- Rental Property Investor
- Toronto, Canada
- Posts 5
- Votes 1
Quote from @Stetson Miller:
@Rui Torrao Most flat-fee brokerages are charging between $250-$500, regardless of the listing type. In this situation, you're also responsible for handling all paperwork and ensuring deadlines are met correctly, is that something you're comfortable with?
Assuming an average lot price in Cape Coral right now around $30,000, I typically charge 6% (split between selling and buying agent), which will work out to a cost to you of around $1,500-2,000 depending on the exact sale price. With this, you can ensure all paperwork will be handled correctly, you won't be fielding phone calls and questions from the buyer's side, and it will be a much smoother process overall
Obviously it's up to you to decide if that difference is worth it or not, but I just wanted to point out that the difference you pay between the two options may not be as significant as you think, especially considering the services that are provided between the two!
I think you are right. I am finding little time to get the ball rolling on listing the property myself. Perhaps we should talk in more detail.
Rui
Post: Selling Vacant Lots in NE & NW Cape Coral

- Rental Property Investor
- Toronto, Canada
- Posts 5
- Votes 1
Quote from @Jonathan Minerick:
@Rui Torrao There are a ton of flat fee MLS services available (google "Flat Fee MLS")
Post: Selling Vacant Lots in NE & NW Cape Coral

- Rental Property Investor
- Toronto, Canada
- Posts 5
- Votes 1
Quote from @Scott Morris:
You could use google street view photos and satellite photos and post for sale by owner on Zillow, Facebook Marketplace, and Craigslist and will probably sell it for free (as those sites don't charge to post a listing). You can use a title company to make sure the paperwork is correct and find sample contracts online. Could also pay someone to put a sign in the yard and take some photos for you (probable for $50). List on those three sites and post a sign in the yard, and you will sell (assuming it's priced right as well).
Post: Selling Vacant Lots in NE & NW Cape Coral

- Rental Property Investor
- Toronto, Canada
- Posts 5
- Votes 1
I have trying to figure out the "best" way to sell vacant lots in Cape Coral. It seems like overkill to use a full service real estate brokerage when there is no home to take pictures of, no keys to manage, no lockbox to install, no appointments to schedule etc.
Do any of you have experience with selling lots DIY? or are there any flat fee listing services that would make more sense than a full service broker when selling land?
Post: Smart Smoke / CO detectors for a landlord?

- Rental Property Investor
- Toronto, Canada
- Posts 5
- Votes 1
I can't seem to find any discussions about smart smoke / CO detectors. I have a tri-plex with interconnected "dumb" Kidde smoke/CO detectors that are at the end of their life. By law, they have to be replaced with a new interconnected system (when one alarm tirggers, they ALL HAVE to trigger). I am considering the Nest Protect at more than 2 times the cost of a "dumb" Kidde system. (I will need 5 alarms, because of some common areas, which makes the cost differential upwards of $350!)
The rationale for considering the Nest Protect is the ability to be notified on my cell phone when an alarm is triggered, the ability to pinpoint exactly which alarm went off (location and whether it was smoke or CO), the ability for the alarm to turn off the forced air furnace (already has a smart thermostat) when it detects smoke or CO, and the ability to turn off the alarm from my cell phone once I know it's all clear.
I don't currently get many nuisance alarm complaints at this tri-plex.
Is the Nest Protect going to give me useful information, or will it just be expensive and create a nuisance where one did not exist in the first place? Any thoughts for or against out there?