Get Positive Cash Flow from Lakewood Ranch Rentals

by

Adam S. Waxler

Lakewood Ranch, situated about 18 miles inland from the Gulf of Mexico and about an hour south of Tampa, in both Manatee and Sarasota Counties, seems to bucking the national downward direction in home sales. Even though the rest of the nation seems to be hurting, Lakewood Ranch, an 8,500 acre master-planned community, has already sold in excess of 170 homes this year. As the president of Lakewood Ranch Commercial Realty Brian Kennelly recently stated, “Lakewood Ranch is without a doubt the growth corridor in the region and the state right now.”

Additionally, the overall Sarasota market is also picking up. Total sales are up approximately 4% on the year and the Sarasota Association of Realtors (SAR) recently informed us that Sarasota just got their second largest volume of sales in the past 6 years.

Having said that, what is important to keep in mind about all these stats that have been appearing lately concerning the Lakewood Ranch and Sarasota areas is that they are specifically discussing the quantity of sales or transactions, NOT the cost of the homes. While there is certainly evidence to suggest that Lakewood Ranch home prices are on the rise once again they continue to stay surprisingly low.

There are a number of reasons why home prices remain low. One, there’s still a reasonable amount of concern about the housing market nationwide and the national economy appears to have stalled once again. And two, it still is tougher to get a mortgage currently than it was prior to the housing collapse. Therefore, even though home prices are low, people are still hesitant to own a home and people who really want to buy a home may not have an easy time acquiring a mortgage. This, consequently, has kept prices low even in a place that generally seems to growing.

The good news is, this creates a market that is ideal for real estate investors. First of all, the fact that the national economy is still stagnant is keeping mortgage rates really low making investing in a home much more inexpensive. And, here’s the crucial piece the fact that home loans are tough to get together with the hesitancy of people to buy a home has produced a red hot market for rentals in Lakewood Ranch.

Rentals in Lakewood Ranch usually have various offers the very day they come on the market. With rents in Lakewood Ranch averaging $1/sq. ft. you will have a positive income right away. Not just that, but rent prices have actually increased in the last few years. The truth is, there is no doubt that the landlords are 100% in the driver’s seat in Lakewood Ranch.

This is the kicker…you can save additional money when purchasing

Lakewood Ranch real estate

simply by using a real estate agency that pays you back. For additional information on how uKeepCommission Real Estate will save you money call Tanya Waxler, Florida Licensed Broker, at 941-465-9207 or on the web at http://www.uKeepCommission.com

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