Sarasota, FL Tourism & Rentals
December 18, 2006 by Perry Corneau · Leave a Comment
The Sarasota County Commissioners and the Sarasota City government have reached agreement to raise the current 3% tax on short term vacation rentals in Sarasota to 4%. The increase is expected to bring in an additional $1.2 million per year which will be used to increase tourism marketing and to pay down the $54 million [...]
ShareFor Sale or Rent at Rivo in Sarasota
December 17, 2006 by Perry Corneau · 1 Comment
Now that the new Rivo building in downtown Sarasota is completed, the are various units for sale and some opportunities to rent. I have recently listed a 2 bedroom unit with a den on the Penthouse level for sale at $549,000. This same unit is available for annual rental at $2,200 per month. For more [...]
SharePalm Bay Club Update
October 20, 2006 by Perry Corneau · Leave a Comment
If you are looking a beachfront condominium on Siesta Key and want to have great rental income and the ability to make personal use of the condominium, one of the best choices is Palm Bay Club. The grounds are impeccably maintained and the on-site rental office does a great job. Many of the beachfront units [...]
ShareVacation Rentals & Second Homes
September 19, 2006 by Perry Corneau · Leave a Comment
Here is a quote by columnist Broderick Perkins: “After three years of upward growth, domestic tourism hit a slump this year and while scattered reports indicate the vacation home rental sector may be faring much better, the sector is rolling out winter marketing strategies early, indicating all is not as well as it could be. [...]
ShareCondominium Rentals
September 3, 2006 by Perry Corneau · 4 Comments
There are more than 500 unfurnished apartments available for rent in the Sarasota Multiple Listing System. During the past six months 334 have been rented indicating almost nine-month supply of rentals. Nearly 70 percent of all empty condos on the MLS are leasing in the $1,000 to $2,000 range, while only 20 percent are leasing [...]
ShareThe Rental Market
August 6, 2006 by Perry Corneau · Leave a Comment
In Sarasota County the average occupancy of apartment complexes decreased from 98 percent last year to 90 this year while during the same time the average rents have increased to $989 per month from $825 per month last year. The nearly 2o% increase in rent rates may reflect an increasing number of investors in the [...]
ShareRental Market Much Improved
February 1, 2006 by Perry Corneau · Leave a Comment
In the past few years the market for annual leases has been flat as many first time home buyers have taken advantage of low interest rates and interest only mortgages to purchase homes or condominiums rather than rent. The recent rise in interest rates has spurred improvement in leasing rates. The recent trend in condominium [...]
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