rental property
January 16, 2024
Is there a better vacation destination than Miami? We’ll admit to being biased, but we think this is the best city for living and vacationing. Buying a vacation home is a way to do both. People are drawn here for many different reasons; vibrant nightlife, gorgeous beaches, and a rich culture are a blend of all the people who have made their lives here over time. The idea of a vacation home is exciting, and The Kern Team is here to guide you through the process. What Does Your Ideal Vacation Look Like? One of the most important considerations when looking for your vacation home is the location. Miami is full of unique neighborhoods that each have their own personality. Your […]
November 16, 2021
Real Estate prices are high and interest rates are low. Home values had a reported 17.2% historic increase last year (which was the highest increase in history), and the demand equaled a decrease in available commercial properties by 28%. When it comes to investing in residential real estate, most people start by looking to buy below market value, assuming they can bring up the property value, flip it, and pocket the difference. It makes sense, but it is much more difficult to see where the real estate market is undervaluing properties than perusing Zillow (though seeing what properties are renting for and how that changes over time is absolutely vital knowledge). Instead, it’s much more practical to look at longer-term […]
March 16, 2021
Real estate investment remains one of the best forms of speculation and in Miami this holds true. With real estate investments you can typically receive a predictable cash flow, a steady appreciation in value, equity buildup and many great tax benefits. If you’re deciding to buy a second home in Miami for rental purposes, it can be quite the sound investment. In addition, even throughout the COVID-19 pandemic Miami population has continued to grow and real estate prices continue to rise. In fact, as more and more jobs went remote, young professionals and families have been making the move to Miami, mostly from northern cities, to enjoy the warmer weather and the lifestyle that our city brings. If you’re […]
October 24, 2017
Buying a home as an investment, and becoming a landlord, can seem like an easy way to rake in some extra money, but it’s still an investment of your time and money. It’s important to be prepared and know what to expect. Know Your Limitations First and foremost: if you’re going to get a mortgage, make sure you can handle the monthly payments if the property is vacant. I’ve known too many people start to build a portfolio only to have sell their new property quickly when it goes a few months without a tenant. It’s great for me, but less-than-ideal for you. Also: remember that tenants can be demanding on getting things fixed quickly. If you don’t have spare […]