Stephen J. Neville, Licensed Real Estate Broker
Aamerican Property Management
REALTOR - MAAR - MLS
144 Ocean Terrace
Indialantic, FL 32903
Cell: 321/693-8026
PH/FAX: 321/724-5380
Email: nevillesj@earthlink.net
I had to visit two of the properties we manage during July and was just “blown away” by how well cared for each of the properties was. Beautifully decorated, clean and an obvious sense of pride in their homes.
I had gone to one just to inspect a falling fence and the other to allow the owner’s wife to view the property for the first time. Both, coincidentally, had been rented 4 times and were immaculate and obviously being well cared for.
We sincerely appreciate your caring for your residences and we know they will be re-rented with less expense and lost time when you decide to turn your residence back to us.
Your Basic Information
1. You may immediately return the enclosed stamped and addressed envelope with your post-dated check (1st of the Month) and we will keep track and post on the first – too easy for both of us!
3. When you are ready to buy a home from our inventory, we will share our commission helping cover you’re up front costs – paying on-time and caring for the property you live in as you do is the only requirement.
4. The footnote at the bottom of the page is your reminder to manage your lease term and provide the required notices when you make a determination to terminate at the end of your lease. The forms are in your lease kit.
5. PLEASE know, ahead of time: your emergency evacuation routes, emergency shelter locations, hospitals, your personal obligations concerning securing your house, etc. in the event of a hurricane, tornado, etc.
6. Please communicate with us during business hours – 7:30 AM until 5:00 PM weekdays. In an EMERGENCY ONLY it is reasonable to call evenings after business hours until 9:30 or on Saturday or Sunday. Most businesses do not respond during off hours. I check emails by 7:30 AM. – Much Appreciated!
We are pleased to report to you that our business is stable and we will be able to provide these services as always. Due to the economy, we are receiving new properties into inventory. Owners have to move to a new job/location and turn their property over to us. As the residents of the property we manage, you are equally important to the continuing success of our business and we would sincerely appreciate your referring our services to owners and prospective residents alike – Thank you!
Again, for the far greater majority of you who are able to successfully manage your financial obligations – we say a really big THANK YOU! We sincerely appreciate having you in a property we manage.
Our Regards!
LONG-TERM RATES
This rate is for a year and can be modified for shorter terms; i.e.:
6 month plus one day rate is yearly rental rate times 1.25;
3 mo. rate is the yearly rate times 1.5 plus 11.0% tax;
SEASONAL RATES
This is a vacation rental for a furnished unit and:
Is taxed if for less than 6 months plus one day;
May include averaged utility allowances;
Typically includes all household items; and,
On townhomes/single families, utility costs will be added.
It wastes considerable time to negotiate for pricing leverage by inappropriately applying terms for price vs. the actual
proposed rental conditions.
LENGTH OF RENTAL TERM
Home and Condo Owners Associations set minimum rental periods.
Brevard County regulates min. 3-mo. rentals in residential housing.
Look on website index for more information on these subjects – Thank you!
Tenant Newsletter
School K-12 Search and Comparison Tool for Parents www.schooldigger.com
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Housing experts sound off on market
Look for drop in builder prices, more new home incentives
BY WAYNE T. PRICE - FLORIDA TODAY –(EXCERPT)
BY WAYNE T. PRICE - FLORIDA TODAY –(EXCERPT)
ORLANDO -- - Stagnant sales. Lower prices. More builder giveaways and incentives.
Those are a few things to watch for in the first half of this year, three of the nation's leading housing economists said Wednesday at the 2007 International Builders' Show in Orlando.
The economists -- from the National Association of Home Builders, Fannie Mae and Freddie Mac -- agreed that, after the real estate market reached a peak in the third quarter of 2005, it mostly has been a downhill ride ever since for many markets in the United States. The economists predicted some leveling out, and possible improvement, toward the end of the year. But it could be 18 months to two years before anyone sees a consistent and noticeable trend upward. "We don't think we've seen the bottom," said David Berson, a chief economist and mortgage market analyst with Fannie Mae, the Federal National Mortgage Association.
For those closely tracking the housing market -- new-home starts and sales of existing homes -- Berson and his cohorts didn't exactly offer any groundbreaking news on how the market got to where it is and what must happen to turn it around. Beginning in about 2003, real estate caught fire, and investors poured into the market, causing prices and appreciation to skyrocket. Builders quickly followed, constructing new homes at a torrid pace for an ample supply of buyers. Now, as sales have slowed, relatively large inventories are causing price decreases in both the new- and existing-home markets. And many builders are offering sizable incentives, such as downright price-slashing, adding costly amenities for free, and paying down mortgage points to attract buyers and reduce inventories. "Builder margins have been taking it on the chin," said David Seiders, economist with the National Association of Home Builders.
Frank Nothaft, chief economist with Freddie Mac -- the Federal Home Loan Mortgage Corp. -- noted that the forecasting predictions were based on broad-based trends. Individual markets could vary greatly, meaning some markets with high unemployment and other negative economic characteristics have it worse than others. "If a local economy is doing well, we'll see some improvements more readily in those markets," Nothaft said. If the housing outlook wasn't the most pleasant Wednesday, it was not necessarily unexpected to many of the 100,000 people -- including many involved in the Space Coast homebuilding trade -- attending the builders' show at Orlando's Orange County Convention Center. The annual show is the industry's largest light construction and trade exhibition. The show, which is not open to the general public, concludes Saturday.
Brevard County, like many communities across the United States, has seen and felt the housing slowdown. The value of homes permitted for construction in Brevard fell below $1 billion for the first time since 2002, according to a Home Builders & Contractors Association of Brevard report released last month. The total value of last year's housing permits in Brevard was $973.45 million. That's down from $1.64 billion in 2005, and the lowest annual total in Brevard since permitted housing construction totaled $810.05 million in 2002. The total number of permits countywide for single- and multifamily housing units dropped to 4,899 in 2006 from 8,663 in 2005. The drop in single-family homes was greater, falling from a record 7,273 permits in 2005 to 3,860 permits last year -- a 47 percent decrease.
Jerry Fleis, president of JerJef Construction Inc. in Indian Harbour Beach and the current president of the Home Builders & Contractors Association of Brevard, said he believes residential construction in Brevard will have a healthy showing this year. Last year, there was a lot of hemming and hawing among potential buyers, Fleis said. This year, they're more serious. "Our traffic certainly has picked up, and we're extremely optimistic," he said. However, growing property taxes and homeowners' insurance will continue to drag on the industry. "Both those issues are being tackled hard now," Fleis said.
December Tenant News Letter
There should soon be an economic stimulus package that might afford you the opportunity to buy a home. While we would suffer a loss if all of you purchased, it is still in your best interest to be prepared.
Potentially helpful stimulus offers combined with the reduced housing values might afford the best buying opportunity for you for the next 15 years. Having checked for “first time buyer assistance” and/or other home purchasing support programs ahead of time may increase your chances of being successful.
Your Basic Information
1. You may immediately return the enclosed stamped and addressed envelope with your post-dated check (1st of the Month) and we will keep track and post on the first – too easy for both of us!
2. TWO BUSINESS DAYS BEFORE the 1st, you may pay rent on the website (www.2apm.com).
3. For qualifying tenants only, when you are ready to buy a home from our inventory, we will share our commission helping cover you’re up front costs – qualifying simply means paying on-time and caring for the property you live in as you do.
4. The footnote at the bottom of the page is your reminder to manage your lease term and provide the required notices when you make a determination to terminate at the end of your lease. Under Florida law, we are required to give you this notice. Seasonal residents, by agreement, have already given notice. Early termination before the termination date is handled with the “Early Termination Addendum – you have it.
5. PLEASE know, ahead of time: your emergency evacuation routes, emergency shelter locations, hospitals, your personal obligations concerning securing your house, etc. in the event of a hurricane, tornado, etc.
6. Please communicate with us during business hours – 7:30 AM until 5:00 PM. In an EMERGENCY ONLY it is reasonable to call evenings after business hours until 9:30 or on Saturday or Sunday. Please keep in mind that calling off hours usually only accomplishes delivering the problem as most businesses do not respond during those hours. Our email address is nevillesj@earthlink.net. - I check emails by 7:30 AM.
We have had an increase in the number of “early terminations” and we are pleased to report that all of those properties were re-rented relieving the tenants of their lease obligation. Those tenants gave us a solid date for a new tenant to move-in, paid the commission, and cleaned/prepared the house for the next tenant.
Our very best wishes to all of you for the coming holiday season and we hope all of you are able to find time from your busy schedules to enjoy time with friends and loved ones!
A/C EFFICIENCY, AIR FILTERS AND TENANT RESPONSIBILITYNovember Tenant News Letter
Wow! – Here we are with Thanksgiving and Christmas coming fast. How we plan and prepare has an awful lot to due do with whether we enjoy our time with friends and family, or get stressed right out of our gourds trying to do far more than is possible. Susan and I wish you peace of mind and time to enjoy your holiday season! This is our year to have all three children here with their families and we do really look forward to that time with them.
We would have to live on another planet to NOT be aware that this is a difficult economic time for many. Holidays at month’s end such as Thanksgiving, Christmas and New Year’s require that you mail your checks or web transfer well ahead of time to meet your payment dates. On the other side of the equation we have our owners trying to keep mortgage payments current and in many cases struggling just as hard as you are. Many of you live in owners’ homes where those owners had to relocate for a job and cold not possibly sell their home.
Please forgive me for reiterating that if there were no potential consequences for late rent, it would be even more difficult to choose paying rent vs. other pressing family needs. Owners are renting their properties with the hope of outliving this housing crisis and we have no choice but to maintain receipt of rent as a priority.
Your Basic Information
1. You may immediately return the enclosed stamped and addressed envelope with your post-dated check (1st of the Month) and we will keep track and post on the first – too easy for both of us!
2. TWO BUSINESS DAYS BEFORE the 1st, you may pay rent on the website (www.2apm.com).
3. For qualifying tenants only, when you are ready to buy a home from our inventory, we will share our commission helping cover you’re up front costs – qualifying simply means paying on-time and caring for the property you live in as you do.
4. The footnote at the bottom of the page is your reminder to manage your lease term and provide the required notices when you make a determination to terminate at the end of your lease. Under Florida law, we are required to give you this notice. Seasonal residents, by agreement, have already given notice. Early termination before the termination date is handled with the “Early Termination Addendum – you have it.
5. PLEASE know, ahead of time: your emergency evacuation routes, emergency shelter locations, hospitals, your personal obligations concerning securing your house, etc. in the event of a hurricane, tornado, etc.
6. Please communicate with us during business hours – 7:30 AM until 5:00 PM. In an EMERGENCY ONLY it is reasonable to call evenings after business hours until 9:30 or on Saturday or Sunday. Please keep in mind that calling off hours usually only accomplishes delivering the problem as most businesses do not respond during those hours. Our email address is nevillesj@earthlink.net. - I check emails by 7:30 AM.
Our Regards!
A clean filter keeps A/C cost down vs. the circulating fan working overtime against a dirty filter and you will enjoy breathing the cleaner air. You have agreed to change filters three months, sooner if you would like more efficiency.
It costs $400 or more dollars to clean the A/C evaporator coil (the cooling coil) and the only way to get them dirty is to NOT change the A/C filter or run without a filter. It is a tenant responsibility to buy and replace air filters. Would you please take care of your A/C unit? Recent inspections have shown that filters are not being replaced.
1. You may immediately return the enclosed stamped and addressed envelope with your post-dated check (1st of the Month) and we will keep track and post on the first – too easy for both of us!
2. For qualifying tenants only, when you are ready to buy a home from our inventory, we will help cover you’re up front closing costs – qualifying simply means paying on-time and caring for the property you live in as you do.
3. The footnote at the bottom of the page is your reminder to manage your lease term and provide the required notices when you make a determination to terminate at the end of your lease. Under Florida law, we are required to give you this notice. Seasonal residents, by agreement, have already given notice. Early termination before the termination date is handled with the “Early Termination Addendum – you have it.
4. PLEASE know, ahead of time: your emergency evacuation routes, emergency shelter locations, hospitals, your personal obligations concerning securing your house, etc. in the event of a hurricane, tornado, etc.
5. Please communicate with us during business hours – 7:30 AM until 5:00 PM. In an EMERGENCY ONLY it is reasonable to call evening after business hours until 9:30 or on Saturday or Sunday. Please keep in mind that calling off hours usually only accomplishes delivering the problem as most businesses do not respond during those hours. Our email address is nevillesj@earthlink.net. - I check emails by 7:30 AM.
We just had an owner offer a renewal at a rate the tenant was requesting and the owner’s reasoning was simply that he felt the tenants were caring for the property and keeping maintenance costs down. That was easy!
We have for the very first time initiate eviction proceeding and it is not a good thing. We bow out turning everything over to an attorney very capable of handling matters. In a successful action all costs, fees, past due & late charges and the actual attorney charges are due after the fact from the tenant and are collectable. Please use your early termination option should your circumstances change. We always offer that option to avoid the eviction/collection action. I do not know of another manager or realtor that offers this “easy-out” up front.
Our Regards!
Steve
Notice Required 31 to 45 Days Prior To Notice Period (with specific duration)
According to your lease, you are required to give us 30 days notice in writing if you are vacating the premise at the end of your lease term. Failure to give us this notice in writing will result in complete forfeiture of your Security Deposit and you will owe us an additional month’s rent. Notice requirements also apply to a month-to-month termination.
A/C MAINTENANCE: TENANT RESPONSIBILITY
A clean filter keeps A/C cost down vs. the circulating fan working overtime against a dirty filter and you will enjoy breathing the cleaner air. You have agreed to change filters three months, sooner if you would like more efficiency.
It costs $400 or more dollars to clean the A/C evaporator coil (the cooling coil) and the only way to get them dirty is to NOT change the A/C filter or run without a filter. It is a tenant responsibility to buy and replace air filters. Would you please take care of your A/C unit? Recent inspections have shown that filters are not being replaced.
We just had an owner offer a renewal at a rate the tenant was requesting and the owner’s reasoning was simply that he felt the tenants were caring for the property and keeping maintenance costs down. That was easy!
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