Showplace Realty

Mortgage Rate Increases & HOW YOU REACT depends much on your historical perspective & the overall history of rates through the years. Don’t allow rate increases to paralyze your purchasing power. READ ON…

High Mortgage Rates? Not Historically Speaking In the 2010s, mortgage rates averaged only 4.08% – but today’s rates are still a bargain compared to the 1970s (9.03%), the 1980s (12.7%) and the 2000s (6.29%).

HOME OFFICE? The MOST REQUESTED new normal: Work From your Florida Home! Let’s locate a house that matches your lifestyle! DM me start YOUR WFH HOME SEARCH!

Must-Have: Home Office Trust a Realtor to help you put your family priorities first.

Hurry! Interest list forming now! Contact for incentives & Grand Opening VIP exclusive to Showplace Realty!

March Island Village at Celebration Progress Video | Mattamy Homes in Orlando, FL See more at https://bit.ly/3pyp6pm

Florida Dream Home, POOL, fully furnished near Disney. Must See!

158 ESSEX PLACE - DAVENPORT, FL - DAVENPORT : $449,000 - 5 Bedrooms / 4 Full Bathrooms SPECTACULAR Furnished 5 bedroom 4 bath home in located in the Gated community of The Shire at West Haven. VIRTUAL TOUR!! VIEW of WETLANDS with No Rear Neighbor! Every room is perfectly appointed for comfort and luxury. SPACIOUS BEDROOM located DOWNSTAIRS Upstairs you will find TWO very large Master....

Real estate services for Homeowners and Renters. Request the 12 must-have apps to make your home buying search easier than you've ever imagined. MESSAGE ME for the list! 321-624-2222

Get the FACTS! Top 3 Real Estate Myths revealed!

The Top Three Coronavirus Real Estate Myths? A bad time to sell? Well, no. It may not seem like it to those outside the real estate industry, but buyer demand continues to outstrip seller supply. And many people are stuck in the last recession, expecting home prices to drop – but that won’t happen anytime soon.

Home Buyers consider the Big Backyard to adjust to the New Normal & keep the entire family entertained!

This Isn’t a Water Park, It’s Your Backyard Stuck at home, Americans transform their outdoor spaces into destinations, with giant waterslides, firepits, movie theaters.

FLORIDA LANDLORDS Fear Foreclosure amid Eviction Moratorium! First, Read the article below. Call now, HELP IS ON THE WAY!

Florida Governor DeSantis extends moratorium on evictions, foreclosures until July 1. Thousands of out of work Floridians have been unable to get benefits, leading to fears of a massive wave of foreclosures and evictions. (Orlando Sentinel)

Key Highlights
* Small mom and pop landlords own between 1-10 properties and house approximately 48M renters
* 8M mom and pop landlords own close to 50% of nation’s rental properties
* Mom and pop landlords haven’t necessary cash nor credit availability to cover costs when rents not paid

Just as millions of laid-off workers can’t afford to pay their monthly rent, small mom and pop landlords can’t afford to pay their costs when their tenants don’t pay their monthly rent bills.

There are approximately 8M small mom and pop landlords in the US and those landlords own between 1-10 properties. Those landlords own and manage about half the rental properties in the country that houses approximately 48M renters.

In a recent survey conducted by Avail, a software company that sells mom and pop landlords online rental platforms, Avail found that 54% of the 7,000 tenants who participated in this survey had already lost their jobs due to the COVID-19 pandemic and that about a third of that 54% said the simply would stop paying their rent bill if they couldn’t afford to. The other two thirds of Avail’s survey respondents said they’d either look to their family/friends for help and the rest said they simply didn’t know what they would do.

So how do mom and pop landlords who don’t have wide margins or ample credit availability as do large rental corporations and/or REITS cover their costs when/if their tenants stop paying their rent? Some, not all, of these 48M small landlords could apply for the government’s forbearance program to help cover their mortgages but there isn’t any forbearance on utility or water bills.
Taylor Denchfield is one such small landlord with nearly a dozen single-family rentals. Denchfield said, “To date, the only help available to landlords is the ability to take losses greater than $500,000 in this tax year, and if you have a Fannie or Freddie backed loan, you can receive a one-year payment holiday. However, there remains no assistance for property owners like myself who either own properties debt free, or have balance sheet bank loans.”
Simply, Denchfield added, there is “…little to no relief for property owners,” via the federal stimulus package.
(Thanks to CNBC’s Diana Olick.)

FLORIDA VACATION RENTAL HOMEOWNERS challenge state’s Short-Term Rental Ban in Federal Court.

DeSantis Vacation-Rental Ban Challenged in Court Owners and management companies filed a federal lawsuit against Gov. DeSantis, alleging he violated constitutional rights by shutting down all short-term vacation rentals.