Real Estate Finder

Today we are closing on the sale of an investment property so we decided to take a deep dive into this real-life case study. In 2016, Matthew purchased a property with the goal of turning it into a rental investment. Today, we unravel the entire journey – from acquisition to sale – to determine if this venture was a success or a bust.

 

Our discussion kicks off with the critical analysis that Matthew and his team undertook before making the purchase. What factors did they consider when evaluating whether this property would be a wise rental investment? Discover the key elements that contribute to the success of a rental property and how to identify them.

 

One of the central questions we tackle is the rate of return. What is it, and why is it such a crucial metric for investors? We'll explore the various factors that impact the rate of return, shedding light on what can either boost or deflate this essential measure of profitability.

 

But that's not all. Real estate investments are filled with unpredictable variables that can significantly affect your returns. We delve into the unknown and unforeseen factors that Matthew encountered during his ownership of the property – factors that could make or break an investment.

 

Fast forward to 2023 – Matthew has decided to sell the property, and we've recorded this episode on closing day. We take a retrospective look at the decision to sell and run a comprehensive analysis comparing the property's market value to its acquisition cost. Does this investment still hold up in today's market, or has it lost its shine?

 

In the final moments of the episode, we reach the pivotal question: Was this investment a good one, or was it a bust? Join us as we examine the numbers, the experiences, and the lessons learned to determine the ultimate fate of Matthew's investment property.

 

If you're an aspiring real estate investor or simply curious about the ins and outs of property investment, this episode is packed with valuable insights and a real-world case study that will leave you better equipped to make informed decisions in the world of real estate. Don't miss out on this fascinating journey through the highs and lows of investment property ownership.

 

Have an idea for a podcast? Try www.podpopuli.com and their Posterity Podcasts program to create an 8-episode podcast series to tell your stories.

 

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Check out some of the best vendors and service providers in Florida:

https://www.realestatefinder.com/preferredvendors

 

Subscribe to our newsletter or see past issues at:

https://www.realestatefinder.com/newsletter

 

 

Brought to you by:

 

Matthew H. Maschler, Esq.

Real Estate Broker

(561) 208-3334

www.RealEstateFinder.com

8177 Glades Rd #6, Boca Raton, FL

Boca Raton, FL 33434

 

 

Member of the Palm Beach Board of REALTORS®, the Miami Association of REALTORS®, the Naples Areas Board of REALTORS®, Orlando Regional REALTOR® Association and R-World Br ...

The most common contract to buy a house in Florida is the “As Is” contract.  But what does "As Is" mean?

 

And what should you look for during the inspection period?

 

When you have the home inspected, it is not a matter of Passing or Failing.  You are provided the opportunity to get to know the property.  How it works.  What it is made of.  It is the time to ask questions.  To really decide if this is the house for you. 

 

There is no point to getting the home inspected if you are not going to look at the inspection.  And no one can do it for you.  It is your money, your house, your duty to check it out.  You don’t want to be surprised after the closing.

 

In this episode we discuss things to look for during the inspection.  Some that your inspector will catch, but some that you as the Buyer need to see for yourself.  Or hire a specialist to inspect further.

 

Have an idea for a podcast? Try www.podpopuli.com and their Posterity Podcasts program to create an 8-episode podcast series to tell your stories.

 

Shop podcast T-shirts:   https://www.prowrestlingtees.com/matthewmania

 

Check out some of the best vendors and service providers in Florida:

https://www.realestatefinder.com/preferredvendors

 

Subscribe to our newsletter or see past issues at:

https://www.realestatefinder.com/newsletter

 

 

Brought to you by:

 

Matthew H. Maschler, Esq.

Real Estate Broker

(561) 208-3334

www.RealEstateFinder.com

6699 North Federal Highway, Suite 103

Boca Raton, FL 33487

 

 

Member of the Palm Beach Board of REALTORS®, the Miami Association of REALTORS®, the Naples Areas Board of REALTORS®, Orlando Regional REALTOR® Association and R-World Broward, Palm Beaches, and St Lucie REALTORS®.

 

Help Israel Now! All support goes Straight to Israel's Soldiers

www.yasharlachayal.org

 

Learn how to support our efforts to provide housing in Haiti

http://www.frank-mckinney.com/caring-house-project

 

 

Ask about joining the Signature team! Learn more about the Signature Real Estate Companies and why you should join South Florida's real estate industry leaders, Ranked #1 in Boca Raton, #25 in Florida and #336 in the Nation.

 

www.SignatureRecruiter.com

 

Offices in Boca Raton, Delray Beach, Coral Springs / Parkland, Ft Lauderdale, Miami, Naples, Palm Beach, Orlando and throughout Florida.

 

Upcoming Events:

 

Ultracon Comic Con

August 26th and 27th

South Florida EXPO CENTER

https://ultraconofsouthflorida.com/

 

Sept. 23, 2023

Boca’s Ballroom Battle

https://www.ballroombattle.com

  ...

Can a real estate agent advertise another Broker’s listings?  Absolutely, that is your job as an agent.  To sell, and other Broker’s listing are your inventory.

But there are some pitfalls to be aware of.  Sometimes you need permission.  Sometimes you do not. And you always need to credit the Listing Broker.

Also, what happens when a Buyer calls you directly and does not want a commission?  In Florida, as a real estate agent this is a cause for celebration.  But many Buyers do not understand how the listing agent is paid in this situation.

Have an idea for a podcast? Try www.podpopuli.com and their Posterity Podcasts program to create an 8-episode podcast series to tell your stories.

Shop podcast T-shirts:   https://www.prowrestling ...

Most real estate agents face this at sometime. You represent a Buyer, do a great job and on the day of the closing see that the listing agent took a higher share of the commission than the amount offered in the MLS.   

 

Doesn’t the listing agent have to disclose the existence of a Variable or Dual Rate Commissions?

 

Yes, but that is not what a Variable/Dual Rate Commission is.  So what is a Variable or Dual Rate Commission?  Find out on this weeks episode of the Real Estate Finder Podcast. 

 

Have an idea for a podcast? Try www.podpopuli.com and their Posterity Podcasts program to create an 8-episode podcast series to tell your stories.

 

Shop podcast T-shirts:   https://www.prowrestlingtees.com/matthewmania

 

Check out some of the best vendors and service providers in Florida:

https://www.realestatefinder.com/preferredvendors

 

Subscribe to our newsletter or see past issues at:

https://www.realestatefinder.com/newsletter

 

 

Brought to you by:

 

Matthew H. Maschler, Esq.

Real Estate Broker

(561) 208-3334

www.RealEstateFinder.com

6699 North Federal Highway, Suite 103

Boca Raton, FL 33487

 

 

Member of the Palm Beach Board of REALTORS®, the Miami Association of REALTORS®, the Naples Areas Board of REALTORS®, Orlando Regional REALTOR® Association and R-World Broward, Palm Beaches, and St Lucie REALTORS®.

 

Help Israel Now! All support goes Straight to Israel's Soldiers

www.yasharlachayal.org

 

Learn how to support our efforts to provide housing in Haiti

http://www.frank-mckinney.com/caring-house-project

 

 

Ask about joining the Signature team! Learn more about the Signature Real Estate Companies and why you should join South Florida's real estate industry leaders, Ranked #1 in Boca Raton, #25 in Florida and #336 in the Nation.

 

www.SignatureRecruiter.com

 

Offices in Boca Raton, Delray Beach, Coral Springs / Parkland, Ft Lauderdale, Miami, Naples, Palm Beach, Orlando and throughout Florida.

 

Upcoming Events:

 

Ultracon Comic Con

August 26th and 27th

South Florida EXPO CENTER

https://ultraconofsouthflorida.com/

 

Sept. 23, 2023

Boca’s Ballroom Battle

https://www.ballroombattle.com

 

October 10, 2023

100th Episode of the Real Estate Finder Podcast

 

November 5, 2023

Boca Raton Championship Wrestling

www.bocaratonwrestling.com

 

December 9, 2023

15th Annual Hearts of Reality

for Give Kids the World Villa ...

You might be surprised to hear that there is no Title Agent in a contract.  There is an Escrow Agent and there is Closing Agent.  These can be the same person or company, or they can be two different people or companies.  A title company can do either role, but so can other entities.

 

The “Escrow Agent" holds the deposit.  It can be a Real Estate Brokerage Firm. Lawyer or Law Firm, a Title Agency, or other person or business.

 

The Buyer specifies the escrow agent in the offer, and the Seller can agree or negotiate for a different one. 

 

The “Closing Agent” does the paperwork to transfer the deed, disburse funds and do the title work.  It can be a lawyer, Law Firm or a Title Agency.  

 

The contract is SILENT on who the Closing Agent is going to be, it merely says who CHOOSES the Closing Agent and who PAYS for the Owner’s policy (The Buyer will be the Owner of the house after the closing).

 

We also tackle two other issues in the contract that I think needs to be explained.  

 

The assignability provision of the contract.  Can the Buyer assign the contract to another Buyer.  Most Buyer agents say No in the offer.  I say Yes, as long as the Buyer is not relieved of liability.  This seems fair to both parties.  Why would a Seller object?  Tune in and I will Mattsplain.

 

Finally, we tackle the new law in Florida that prohibits Buyers from Syria, China, Cuba, Iran, Russia, Venezuela and North Korea.  Can this be legal?

 

3 common isssues we talk about this week in the life of a Real Estate Finder.

 

Have an idea for a podcast? Try www.podpopuli.com and their Posterity Podcasts program to create an 8-episode podcast series to tell your stories.

 

Shop podcast T-shirts:   https://www.prowrestlingtees.com/matthewmania

 

Check out some of the best vendors and service providers in Florida:

https://www.realestatefinder.com/preferredvendors

 

Subscribe to our newsletter or see past issues at:

https://www.realestatefinder.com/newsletter

On today’s Real estate Finder podcast, Staci Garcia asks, “My rental client used me and abused me and then said they found another property with someone else. But they signed the Buyer/Tenant Broker Agreement (twice, once for each Contract to Lease), so what can I do?”

 

I’d like to make them “feel the pain” as one of my favorite clients likes to say. Especially in this situation because these rental clients knew I have a child with cancer and I was extremely tight for time. I was definitely making a special effort for them and they knew it.

 

What are my options? 

 

Thank you for joining us on the Real Estate Finder Podcast!

 

Shop podcast T-shirts:   https://www.prowrestlingtees.com/matthewmania

Being a Real Estate Agent requires wearing a lot of hats.  Lawyer, Social Worker, Marriage Counselor, Social Media Marketer, You Tuber, Interior Decorator, to name a few.   Matthew muses about wearing a lot of hats as a Real Estate Agent.   Thank you for joining us on the Real Estate Finder Podcast!   Shop podcast T-shirts:   https://www.prowrestlingtees.com/matthewmania   Check out some of the best vendors and service providers in Florida: https://www.realestatefinder.com/preferredvendors   Subscribe to our newsletter or see past issues at: https://www.realestatefinder.com/newsletter     Brought to you by:   Matthew H. Maschler, Esq. Real Estate Broker (561) 208-3334 www.RealEstateFinder.com 6699 North Federal Highway, Suite 103 Boca Raton, FL 33487

You just got licensed?  Now what.  Listen to Matthew’s ideas for leveraging your sphere of influence as a new agent.   Remember, your job as a new agent is to find someone who wants to buy or sell real estate.  That is it, that is the job.   Get licensed (I suggest Florida)   Join a broker (I suggest Signature)   Now find someone who wants to buy Real Estate!  And this is how you do it.   Thank you for joining us on the Real Estate Finder Podcast!     Shop podcast T-shirts:   https://www.prowrestlingtees.com/matthewmania   Check out some of the best vendors and service providers in Florida: https://www.realestatefinder.com/preferredvendors   Subscribe to our newsletter or see past issues at: https://www.realestatefinder.com/newsletter     Brought to you by:   Matthew H. Maschler, Esq. Real Estate Broker (561) 208-3334 www.RealEstateFinder.com 6699 North Federal Highway, Suite 103 Boca Raton, FL 33487     Member of the Palm Beach Board of REALTORS®, the Miami Association of REALTORS®, the Naples Areas Board of REALTORS®, Orlando Regional REALTOR® Association and R-World Broward, Palm Bea ...

We have a very short episode today, but it’s very important message.     It is a reminder to all the real estate agents out there that when dealing with the other party, it is important to remember that it is not your deal. It is not your decision.  Do not insert yourself.     Let’s say you represent the seller, if the buyers agent says that their customer wants a credit, you MUST ask the seller. Do not just give the answer that you think the Seller would say.  Ask the seller.    You can advise the Seller, you can phrase it in a way that shows the Seller you understand his or her stance, but you must ask.     Wow. Sometimes my descriptions are better than what I actually say on the recording.    We also talk about supra lock boxes and Brutus the Barber Beefcake. Enjoy.    Thanks for joining us!   Have an idea for a podcast? Try www.podpopuli.com and their Posterity Podcasts program to create an 8-episode podcast series to tell your stories.   We hope you enjoy listening as much as we enjoyed talking on the Real Estate Finder Podcast.   Shop podcast T-shirts:   https://www.prowrestlingtees.com/matthewmania   Check out some of the best vendors and service providers in Florida: https://www.realestatefinder.com/preferredvendors   Subscribe to our newsletter or see past issues at: https://www.realestatefinder.com/newsletter     Brought to you by:   Matthew H. Maschler, Esq. Real Estate Broker (561) 208-3334 www.RealEstateFinder.com 6699 North Federal Highway, Suite 103 Boca Raton, FL 33487     Member of the Palm Beach Board of REALTORS®, the Miami Association of REALTORS®, the Naples Areas Board of REALTORS®, ...

How do I handle telling the customer that there are no one month rentals in Boca Raton?    I remember renting houses on the Jersey shore for one week at a time.  They were handled by the local real estate agents. But not anymore of those deals are handled by Airbnb or VRBO.   For me, anything under six months just is not realistic to find a rental, but I guess it could be a short as three months.    Under 3 months it’s just not what we as Realtors do.    Many people think Boca Raton, and or Palm Beach County, is the resort community like the Jersey shore, or Galveston or Gatlinburg.     But South Florida is more of a residential community and we just don’t have the inventory of short term rentals.    So if you’re an agent and a customer wants a three week or two month rental I think it’s OK to just tell the customer I’m sorry that is not what we do.   If you are looking for a seasonal or annual rental, please give me for my team call and we would be happy to help you as best as we can. Personally, I love doing rentals. I just need everybody to be realistic about what is available and what the goals are.     Have an idea for a podcast? Try www.podpopuli.com and their Posterity Podcasts program to create an 8-episode podcast series to tell your stories.   We hope you enjoy listening as much as we enjoyed talking on the Real Estate Finder Podcast.   Shop podcast T-shirts:   https://www.prowrestlingtees.com/matthewmania   Check out some of the best vendors and service providers in Florida: https://www.realestatefinder.com/preferredvendors   Subscribe to our newsletter or see past issues at: https://www.realestatefinder.com/newsletter     Brought to you by:   Matthew H. Maschler, Esq. < ...