Property Management Blog

Aug. 24, 2024

The Impact of Overbuilding Apartment Complexes on Cape Coral, Ft. Myers, Lehigh Acres, and Naples Real Estate Markets

 

The real estate landscape in Southwest Florida, including Cape Coral, Fort Myers, Lehigh Acres, and Naples, is experiencing a wave of new apartment developments. While these projects promise modern amenities and increased housing options, the phenomenon of overbuilding can have profound effects on the local market. Understanding these …

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Aug. 17, 2024

The Ripple Effects of Overbuilding: How Cape Coral, Ft. Myers, Lehigh Acres, and Naples Real Estate Markets are Impacted

 

The Southwest Florida real estate market, encompassing Cape Coral, Fort Myers, Lehigh Acres, and Naples, has experienced a surge in new construction over the past few years. While new developments often promise growth and modernization, overbuilding can bring significant challenges for buyers, sellers, renters, and landlords. Understanding these …

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Aug. 10, 2024

New Program Rollout - Tenant Retention and 6-Month Inspections

Over the past 1.5 years we have been informing our owners that a rental storm was brewing in SWFL - Cape Coral, Ft Myers, Lehigh, Naples. The storm arrived in the form of market saturation, high inventory levels, decreasing rents, high turnover, and higher vacancy time. There aren’t any signs …

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Aug. 3, 2024

Navigating the Challenges of Rental Property Ownership

How Bartomeo Property Management Can Transform Your Experience

Owning rental property can be a lucrative investment, but it’s not without its challenges. From tenant management and maintenance issues to ensuring compliance with ever-evolving regulations, property owners often find themselves juggling a myriad of responsibilities. Fortunately, Bartomeo Property Management is …

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July 28, 2024

Poor Sales and the Effect on Rentals

The month of June was another rough month for SWFL - Cape Coral, Ft Myers, Naples. The median home price has dropped almost 5% year to date. Closed sales dropped 16% MoM and YTD is down by over 8%. Days on market went up another 8% for an ASTOUNDING increase …

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July 15, 2024

Challenging times for rentals

The rental market in Cape Coral, Fort Myers, Naples, Lee County and Collier counties are in a challenging time without and end in sight. Due to immigration laws, over building of single-family homes and large apartment complexes, rising interest rates, and slower home sales the market has been flooded with …

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June 30, 2024

What are some red flags to watch for when interviewing Property Managers?

What a loaded question... There are a lot of "fakers" in the real estate sales and property management industries, so, doing your due diligence is absolutely vital. Also, your PM is the most vital person on your team when it comes to managing a successful portfolio. Here are just a …

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June 23, 2024

Real World Questions: What is the procedure in FL to evict a tenant?

Below is a post from one of the forms that I follow and assist with. It is obvious that this landlord has made many mistakes while self-managing his property. What will now cost him thousands of dollars could have easily been avoided if they had hired a property manager and …

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June 16, 2024

Hiring a Property Manager is Not For Everyone

Having a property manager look after your property may not be right for you. You may be educated and passionate about managing your own properties. Here are some guidelines of when you should hire a PM based on units, location, and education.

I began my journey by house hacking …

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May 26, 2024

What's the First Question That You Shouldn't Ask A Property Manager?

As a tenured Property Manager I meet a lot of folks that are in the real estate industry - agents, PM's, contractors, and owners. I get a lot of questions about sales, the market, and rental pricing. But, normally, the first question that I get from agents and owners is …

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