by marcinsarasota on April 23, 2012
I just added a great new feature for those looking to buy a home on Bird Key. Now you can see what is for sale by street.
Let’s say you really want to find a home on North Owl Drive. Instead of loading the main Bird Key real estate page you can just bookmark the Owl Drive page.
The photo above is a snapshot of the Owl Drive page. It just shows the homes for sale on South and North Owl Drive.
Bird Key Real Estate Market Update
There have been 9 sales on Bird Key so far in 2012. Below is the Bird Key sales data:
|
Beds |
Full Baths |
Sq Ft Heated |
List Price |
LP/SqFt |
Sold Price |
SP/SqFt |
SP/LP Ratio |
Days to Contract |
|
| High |
4 |
4 |
5,780 |
$3,495,000 |
$604.67 |
$3,300,000 |
$570.93 |
100 |
693 |
|
| Low |
3 |
2 |
2,262 |
$545,000 |
$240.94 |
$505,000 |
$223.25 |
79 |
11 |
|
| Average |
3 |
3 |
3,738 |
$1,450,056 |
$372.73 |
$1,345,000 |
$344.39 |
92 |
165 |
|
| Median |
3 |
3 |
3,440 |
$1,195,000 |
$350.52 |
$1,100,000 |
$331.19 |
94 |
79 |
|
by marcinsarasota on April 19, 2012
It is very important to protect your assets when it comes to your investment strategy. This is a necessary precaution for keeping with you the assets which you have worked so hard to acquire. A vital part of protecting your assets is insuring them. Neglecting this can have terrible consequences for you. Insurance can be a real financial pain as it is not cheap when you might start out with the first investment property you have. The cost that you incur because of the insurance on your investment property home mortgage is hard to justify as there is quite a low chance that you would ever claim that amount. However, depending upon your local tax regulations, you can check whether the amount you are paying as insurance payment is tax deductible which can be of help.
The most common type of insurance for investment property mortgage is building and landlords insurance. A building insurance covers the total building loss or replacement for an amount that has been previously agreed to. This is necessary for any mortgages that a bank holds over your property. They would want to take a look at the valid certificate of insurance before settlement. The landlords insurance on your investment property is however optional but it is highly recommended. This covers two main things – loss of income and tenant damage. In loss of rent, you are covered up to 12 months if the property becomes unfit for letting because of any insurable event. Rent default by tenant cover activities of theft, malicious acts or vandalism by tenants. $ 20 million legal liability cover for injuries to people or damage to property, electric motor burn out and power surges and also accidental glass breakage.
Most insurers need to pay by the month premiums without having to give any extra costs. By needing building insurance in order to satisfy the bank’s lending, you have already covered the major risk of losing everything. The second risk pertains to cash flow and outgoings. If you lose rent it affects your cash flow negatively and if your property gets damaged then this hikes up your outgoings and halts your cash flow temporarily. The third risk can be getting sued by a tenant for accidental injury.
Thus you can see paying insurance on your investment property can come of help to you.
