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Property Management Lakeland FL

by Lisa Castanet

Property Management Lakeland FL

863-647-1679 Office

Info@nativepalmonline.com

Call or Text 863-838-1318 cell

What's My Rental Home Value

How Long Will Your House Last?

by Lisa Castanet

Fairwoods Condos Imperial Lakes Mulberry

by Lisa Castanet

Fairwoods CondominiumsFind similar condos for sale to the Fairwoods Condos Imperial Lakes Mulberry

The Fairwoods condominium complex is located in Imperial lakes Golf Community just off Shepherd Road, Lakeland FL.  When you live or vacation in Fairwoods you can walk to the Publix grocery shopping center and Imperial Crown Centre. You'll find eateries, a dry cleaner, hair and nail salons, the UPS store, a computer repair shop and others. The main Imperial Lakes Blvd is nearly 3 miles in length with a sidewalk for walking, jogging or biking along the boulevard. Imperial Lakes homeowner's associations allow short term rentals in many of the condo complexes. A property owner can purchase a second home and rent it out as a vacation rental condo.  We manage several furnished rental properties for owners who live out of state.

Fairwoods Units Offer Variety

Fairwoods condos complex was built in 1984 and includes ten buildings with a total of 135 individual units. The units with an even number address offer views of Imperial Lakes golf course.  Units with an odd number address offer some views of green space or natural preserve. Each building is 2-story with downstairs or upstairs units that have a private front door entry and assigned parking spaces. There are 3 available floor plans in each building. The downstairs units include Plan "A" which is 2 bedroom, 1 bath with 774 square feet of living space or Plan "B" which is 2 bedroom, 2 bath with 812 square feet of living space. Some downstairs units have double screen porches with sliding doors of master bedroom and living areas.  The upstairs condos are all Plan "C" which is 2 bedrooms, 2 bath with an enclosed sunroom for a total 945 square feet of living area.

Typical sales price range in 2013 has been between $35,000 to $60,000 dollars.

Fairwoods Community Swimming Pool

Unique to Fairwoods condos that other neighborhoods within ImperiaLakes do not feature is a heated community swimming pool and spa with gated, secure entry.  Each unit owner has their private pool card access.  The homeowner's association dues are $221 per month and include maintenance for the exterior of each building, the roof, building insurance, garbage removal, lawn and grounds maintenance and basic cable television service.  The homeowner's association is managed by Above & Beyond Property Management 863-701-8309 which is located at the first entrance into Imperial Lakes Golf Community.

Living in ImperiaLakes Mulberry and Lakeland area

The best thing about living near Lakeland and in the Imperial Lakes community is the location.  Centrally located off the Interstate-4 corridor and many other intrastate roadways which offers a resident or vacation guest many entertainment and day travel destinations.  We are 35 minutes from downtown Tampa, 45 minutes from Disney, Universal, Sea World, Legoland and other area attractions. Imperial Lakes is within an 1 hour drive to Orlando and 90 minutes drive to area beaches.  There are many shopping centers around the area including Lakeland's Lakeside Village Mall, North Lakeland Mall, Tampa's Westshoreand International Mall, Westfield Mall in Brandon, Orlando's Millenia Mall and dozens of outlet shopping centers.

Adventure seekers can spend their days and weekends at a variety of museums, local and state recreation and water parks.  If you love wildlife, then you will fall in love with all the beautiful and unique animals that live in Florida. Where else can you see Alligators, snakes, frogs and toads, lizards, fish, freshwater and sea turtles, sea gulls, eagles and hawks, Sand Hill Cranes, Great Blue Herons and dozens of other species that live here.

The Fairwoods Condos in Imperial Lakes Golf Community is a great place to call home. You will not be disappointed if you end up living here. You can find condos for sale in Fairwoods (if there are any available today) as well as all available Imperial Lakes condos and homes for sale on my website.
 

Get Detailed Market Reports about Fairwoods

If you would like detailed information about Fairwoods condos or Mulberry, Lakeland, Auburndale, Bartow, Winter Haven and our surrounding areas including market trends, recent sales and available properties please visit our website.


Get Free Community Reports

 

Double Eagle Condos Imperial Lakes Mulberry

by Lisa Castanet

Double Eagle CondosFind similar condos for sale to the Double Eagle Condos Imperialakes Mulberry

The Double Eagle condominium complex is located in Imperial lakes Golf Community just off Shepherd Road, Lakeland FL.  Double Eagle is just a short walk to the Publix grocery shopping center and Imperial Crown Centre. There are a variety of businesses including a dry cleaners, nail and hair salons, UPS store, Italian restaurant, Chinese restaurant, American Cafe and new Latin cafe coming soon. Imperial Lakes Blvd is nearly 3 miles in length from main entrance to end and offers a sidewalk for walking, jogging or biking along the boulevard. Imperial Lakes homeowner's associations allow short term rentals in many of the condo complexes. A property owner can purchase a second home and rent it out as a vacation rental condo.  We manage several furnished rental properties for owners who live out of state.

Double Eagle Units Offer Variety

Double Eagle condos complex was built in 1979 and 1980 and includes eleven buildings with a total of 57 individual townhouse style units. Every unit offers views of Imperial Lakes golf course.  There are 3 available floor plans featuring "A" 2 bedrooms with 1 bath,  "B" 2 bedroom with 2 baths or "C" 3 bedroom with 2 baths.  Plan A is approximately 1087 square feet of living space, plan B is approximately 1100 square feet and plan C is approximately 1324 square feet. Typical sales price range between 2012 to 2013 has been between $38,000 to $67,000 dollars.

Double Eagle Community Views

Unique to Double Eagle condos that other neighborhoods within Imperial Lakes do not feature are private views of the golf course and most condos have open patios or screened porches to enjoy the peaceful setting. Each unit has partial shared walls and is similar to a one story townhouse with vaulted ceilings. The homeowner's association dues are $235 per month and includes maintenance for the exterior of each building, the roof, building insurance, garbage removal, lawn and grounds maintenance and basic cable television service.  The homeowner's association is managed by Above & Beyond Property Management 863-701-8309 which is located at the first entrance into Imperial Lakes Golf Community.

Living in Imperial Lakes Mulberry and Lakeland area

The best thing about living near Lakeland and in the Imperial Lakes community is the location.  Centrally located off the Interstate-4 corridor and many other intrastate roadways which offers a resident or vacation guest many entertainment and day travel destinations.  We are 35 minutes from downtown Tampa, 45 minutes from Disney, Universal, Sea World, Legoland and other area attractions. Imperial Lakes is within an 1 hour drive to Orlando and 90 minutes drive to area beaches.  There are many shopping centers around the area including Lakeland's Lakeside Village Mall, North Lakeland Mall, Tampa's Westshoreand International Mall, Westfield Mall in Brandon, Orlando's Millenia Mall and dozens of outlet shopping centers.

Adventure seekers can spend their days and weekends at a variety of museums, local and state recreation and water parks.  If you love wildlife, then you will fall in love with all the beautiful and unique animals that live in Florida. Where else can you see Alligators, snakes, frogs and toads, lizards, fish, freshwater and sea turtles, sea gulls, eagles and hawks, Sand Hill Cranes, Great Blue Herons and dozens of other species that live here.

The Double Eagle Condo Complex in Imperial Lakes Golf Community is a great place to call home. You will not be disappointed if you end up living here. You can find condos for sale in Double Eagle (if there are any available today) as well as all available Imperial Lakes condos and homes for sale on my website.
 

Get Detailed Market Reports about Double Eagle

If you would like detailed information about Double Eagle condos or Mulberry, Lakeland, Auburndale, Bartow, Winter Haven and our surrounding areas including market trends, recent sales and available properties please visit our website.


Get Free Community Reports

 

Country Club Estates Neighborhood, Mulberry FL

by Lisa Castanet

Find homes for Sale in Country Club Estates Neighborhood, Mulberry FL


Why Do People Live here?

Country Club Estates is a neighborhood of single family homes that are situated in and among the Imperial Lakes Golf course.  Imperial Lakes community is just off of Shepherd Road which splits south Lakeland and Mulberry. From the entrance of this neighborhood, you pass by the Imperial Lakes Golf Club clubhouse and meander through the two streets where most homes have views of the course. It is common to see neighbors walking, jogging or biking in the streets of this enjoyable neighborhood in Imperial Lakes.
 

Looking for a home in Country Club Estates?

Interested in finding homes for sale in the Country Club Estates Neighborhood of Mulberry FL? Click that link to find all the currently available homes in this area of Imperial Lakes Golf Community.  The two street are named Country Club Lane and Wood Hall Drive. Country Club Estates was a part of Imperialakes phase 2 which may contain parts of other neighborhoods in the community.
 

What's the Neighborhood Like?

The homes you would expect to find for sale in the Country Club Estates Neighborhood are generally going to range between 1972 and 33547 square feet. Most of the homes were originally built by various custom builders between 1976 and 2000.  The single story and two story floor plans include 3 to 4 bedrooms with 2 to 3 bathrooms. The neighborhood consists of a total of 67 home sites with 2 home sites being privately owned vacant lots. Most of the lots range between .34 acre up to .81 acre which are nice size and unique to find these days compared to more recently built subdivisions.

What's Going on Nearby the Country Club Estates Neighborhood?

Country Club Estates is centrally located in Imperial Lakes which is just off Shepherd Road and next to Lakeland in central Florida. The location is close to the I-4 corridor and many other intrastate roadways which offers any resident or vacation guest many entertainment and day travel destinations.  The location is approximately 35 minutes from downtown Tampa, 45 minutes from Disney, Universal, Sea World, Legoland and other area attractions. Imperial Lakes is within a 1 hour drive to Orlando and 90 minute drive to area beaches.  There are many shopping centers around the area including Lakeland's Lakeside Village Mall, North Lakeland Mall, Tampa's Westshore and International Mall, Westfield Mall in Brandon, Orlando's Millenia Mall and dozens of outlet shopping centers.

Adventure seekers can spend their days and weekends at a variety of museums, local and state recreation and water parks.  If you love wildlife, then you will fall in love with all the beautiful and unique animals that live in Florida. Where else can you see Alligators, snakes, frogs and toads, lizards, fish, freshwater and sea turtles, sea gulls, eagles and hawks, Sand Hill Cranes, Great Blue Herons and dozens of other species that live here.

 

What Schools will the Kids Attend?

If you buy a home for sale in the Country Club Estates neighborhood Mulberry, FL the local schools serving this area are James W. Sikes Elementary, Mulberry Middle School and Mulberry High School. To get local school scores and more information about these schools check out the Polk County Schools on their website.
 

Now You Really Want to Find a Home Here, Right? 

If you are interested in the current homes for sale in Country Club Estates Neighborhood of Mulberry, FL click on the link and please remember the street names are Country Club Lane and Wood Hall Drive.

Early Termination

by Lisa Castanet

I am often asked about what happens when a tenant does not remain for the whole lease term and instead gives early termination notice to a landlord.  In 2010, the Florida Association of Realtors/Florida Bar Association created an addendum to the annual lease agreement called the Early Termination Fee/Liquidated Damages Addendum (form RLAUC-1).

Prior to this addendum there were really only two options for a landlord to exercise if a tenant broke the lease term.  That was to do nothing or to decide to file in small claims court against the tenant which can be time consuming and requires court filing fees.

The annual lease agreement between landlord and tenant is written for a 12 month period and a total sum of money is owed from the tenant to the landlord.  The total sum is then broken down into monthly installments.  For example, a rental rate of $1,000 for a rental property would have a lease agreement for a total sum due the landlord of $12,000.00 for the annual lease term.  The lease would then state that the total sum due of $12,000.00 which is broken down into 12 monthly installments of $1,000.00 each.

If the tenant gave an early termination notice during this annual lease period in the 3rd month of the lease term then they would have an obligation to pay the landlord the remaining sum of $9000.00.  However, in the real world it is rare that a tenant would actually pay this amount.  And often the landlord does not want to pursue a judgment against a tenant due to filing costs and time involved.  In addition, assuming a landlord would win a judgment in court then there is no guarantee that the tenant would pay that judgment amount.

Apartment complexes have had policies to address early termination for many years. The consequences of not paying the termination fees as required may include a negative report to the credit reporting agencies.

This addendum states specifically that both parties either agree to go to court OR that the tenant will be charged and would owe a fee up to an amount equal to 2 months of rent should they break the lease term.

A tenant can still be non-cooperative if they choose. However, we have been using this notice since it’s inception in 2010 and it has definitely been helpful to specifically address that there will be a fee charged to the tenant should they terminate the annual lease term early.

Low Credit Score

by Lisa Castanet

I recently read a Q&A article regarding rental properties.  The owner of a rental property asked if a low credit score was enough reason to decline a tenant applicant.

This is an interesting question and I thought about the many applicants we have seen in the past several years that were honest and disclosed that their report would probably come back showing a low credit score.  Many families have experienced financial difficulties such as bankruptcy, foreclosure or short sales on their homes and health related  issues which have negatively effected their credit scores. In fact, I think we have only seen three applications which have been above a 700 credit score in the past five years.

The tenant screening process contains several different elements including a background, criminal and eviction check.  The eviction check will screen court records and report if the tenant applicant has ever had an eviction filed against them.  We also verify employment and confirm the ratio between their proposed rental payment and their gross monthly income.  Another critical component in our application screening is to verify a tenant’s previous rental history with the former landlord(s).

The entire screening process and pieces of information are so important to review with rental property owners.   Positive reports and reviews can offset a low credit score in many cases. It can be better to leave a rental property vacant for a few extra weeks then to spend months evicting a bad tenant.

Once we have the home rented then it is equally important for owners to maintain the property and respond quickly to maintenance calls.  When we receive maintenance requests from tenants then we manage the communication between tenants and owners and schedule vendors as needed.  By showing a tenant that you care about the house then they will most likely take better care of it too.

We like to describe the tenant screening process to both owners and tenant applicants so they know what to expect.  We obtain the complete screening package and review the information with the owner.  Positive information and the tenant’s complete explanation can certainly offset a low credit score in most cases. 

Turn Your Home Into A Rental Property, part two

by Lisa Castanet

You are thinking about the possibility to turn your home into a rental property.  We have mentioned previously that current local market conditions are improving and that values in our area are also increasing.

I would recommend that you should be current on your mortgage payments, property taxes, home owners insurance and home owners association dues, if applicable.  Then the following questions can be asked when you talk with potential property mangers:

  • Ask the company to outline how they market their rental properties.
  • Have them describe the screening process for potential tenants.
  • Ask them to explain their management terms and fees, discuss any contracts or forms used.
  • What kind of accounting system do they use for their rental escrow account?
  • Will they share with you exactly what makes their company outstanding?
  • Does the management company view their properties on a regular schedule?
  • Is there an initial walk through with tenants prior to move-in day or final inspection prior to the tenant moving out?
  • Do they employ a full-time maintenance coordinator and how does the maintenance process work?
  • How many properties do they manage and how big is their staff to manage these properties?
  • Can they provide customer testimonials?
  • Are they a member of any trade organizations?

A little up front investigation and homework can help you turn your home into a rental property. Then your family can rest assured and continue with your life’s plan. For more information, please feel free to call our office and speak to one of our agents today at 863-647-1679. 

 

Turn Your Home Into A Rental Property

by Lisa Castanet

Have you wondered if you should turn your home into a rental property?  The Lakeland market has been inundated with short sales and bank owned (REO) properties since 2007.  Some owners have felt their choices were limited due to these depressed market conditions.  However, in 2013, a large number of investors have been purchasing homes as rental properties.  If you want to move on, transfer jobs or need more space then I suggest you too can turn your home into a rental property.

 I think you can hold onto your home another 3 to 5 years before selling it and the market conditions will continue to improve. That would allow you to move on and continue to live your LIFE!  You can expand or downsize your home according to your family’s needs and move within town or even relocate for change in employment. Lakeland may have been hit by the “bust” but we have fared better than other parts of the State and our real estate market is showing signs of recovery.

If you have never owned rental property it can be very confusing and quite time consuming.  Property managers must know the Florida Landlord/Tenant Act. The law is cumbersome and the State requires the Landlord to handle issues regarding security deposits, maintenance and evictions in a very specific manner. Many property owners may not be aware of their obligations regarding tenant relations.

Property Management is a specialty within the real estate community that requires expertise and knowledge of legal requirements.  A property that is managed properly can turn a home into a good real estate investment for the owner. The old adage still remains true, real estate ownership is a key factor in building real wealth in your lifetime. Our market conditions are improving and should continue over the next few years. Follow the trend of the large investment firms that are purchasing homes as rentals in the central Florida market.  They have purchased thousands of homes as rental properties in the I-4 corridor.  In fact, a friend in Pensacola sent a recent article from their local newspaper that list Lakeland as one of the hottest markets for investors this year.

Stay tuned for part two of this blog post "Turn Your Home Into A Rental Property" later this week.  We are here to help with all your real estate needs so call our office 863-647-1679.

Home Warranty

by Lisa Castanet

Have you ever considered whether or not you should purchase a home warranty on a home you live in or own as rental property?

You should consider the amount of reserve savings you have in the bank for the unexpected breakdown of a mechanical system if it cannot be repaired and needs to be replaced.  The air conditioning unit or air handler (or both) can be large ticket items.  In some situations, it is less expensive to replace an appliance than to pay for repair due to the age of the appliance.  This is one of many factors to consider in weighing the merit for a home warranty versus paying out of pocket when repairs are necessary.

Several companies offer home warranties so you can compare plans, pricing and add-on coverage for systems such as pool equipment, washers, dryers, etc.  Home warranty companies may differ on items such as service call charges and terms of the replacement of mechanical system items or appliances.

One of our Lakeland, FL rental properties had a home warranty in place that covered the appliances.  We received a call from the tenant saying the freezer portion of their refrigerator was not cooling properly.  We scheduled a service call and the appliance repair contractor came out to the house.  He discovered they needed to replace a part and would have to order that part.  However, the time frame for ordering, getting the part in stock and being able to schedule another service call was over a week.  The warranty company explained that their appliance repair subcontractors were based out of Tampa and only came to the Lakeland area two days per week.  Needless to say, this was not a convenient time line for the tenants as they had quite a bit of food in the freezer.

Through the owner and the warranty company, we were able to work out a solution that was acceptable for all parties. The warranty company estimated the cost of the part and a dollar value that they offered towards a replacement of the appliance.  We negotiated a settlement amount of almost $500 from the warranty company and the owner ordered a new refrigerator which could be delivered right away.  The owner was satisfied they were getting a new appliance and the settlement amount from the home warranty company in consideration of the lengthy time line and inconvenience to the tenants which offset their out-of-pocket expense.  It was important to the owner that they kept a good tenant in their rental property who appreciated the consideration and found a resolution to the problem quickly.

Remember to consider the various factors when deciding whether to purchase a home warranty for your primary home or rental property.  We hope we have given you some scenarios and possibilities that could occur to think about in making your decision. 

Displaying blog entries 1-10 of 21

Contact Information

Photo of Native Palm Team Real Estate
Native Palm Team
Native Palm Properties
5925 Imperial Pkwy, Suite #111
Mulberry FL 33860
(863)647-1679
863-838-1318
Fax: (863)701-8309