Leugers Group - Brokered by eXp Realty


Our Purpose:

"To raise the bar in our society by rendering life-changing high value service that saves the people we serve time, money and frustration."


Thursday, August 1, 2019

The Benefits of Owning Seasonal Rental Property in SW Florida

Buying a Southwest Florida Home? Search all Homes for Sale 


Have you ever thought about buying a seasonal rental home in Southwest Florida? There are a number of benefits to doing so—especially if you’ve made a tradition out of vacationing here. I’d like to discuss them with you today.

First of all, owning seasonal rental property is advantageous because it’s an opportunity to lock in a future retirement home. In the meantime, you’ll be able to rent the property out on a daily, weekly, or even short-term basis and create a steady source of income that, in turn, will offset the costs of ownership. 

Because property rarely loses its value, you’ll enjoy year-over-year appreciation on your seasonal rental property. In our area, properties are currently appreciating at a yearly rate of 8% to 12%.

Don’t forget the tax incentives! As a rental property owner, you’ll actually have the option to write off travel and maintenance-related costs as business expenses.

Finally and most enticing of all, you’ll have a home away from home that you can use whenever you want.

Benefits aside, there are a few other factors you’ll need to be mindful of. For instance, two-bedroom properties tend to outperform three-bedroom properties, and the property’s quality, location, and amenities will either help or hinder your ability to generate cash flow.



In our area, properties are currently appreciating at a yearly rate of 8% to 12%.



Some desirable amenities include:

- A pool 
- Access to bicycles 
- High-end furniture
- An updated kitchen  
- Close proximity to the beach
- Beach supplies 


Now, I’d like to switch gears and highlight some of last year’s numbers as it concerns our local rental market.

Naples, Marco, and Bonita Springs

- Occupancy rate: 80% for six months of the year
- Average stay during high season: 10 days
- Average daily rate during high season: $232
- Average stay during low season: six days
- Average daily rate during low season: $128


Fort Myers, Cape Coral, Estero, and Sanibel Island

- Occupancy rate: Over 90% during the winter months
- Average stay during high season: nine to 10 days
- Average daily rate during high season: $184
- Average stay during low season: five to six days
- Average daily rate during low season: $123 


If you have any further questions about the long list of benefits associated with purchasing seasonal rental property or about our local rental market here in Southwest Florida, feel free to contact Faye directly at Faye@LeugersGroup.com or you can visit us online at SearchFloridaGulfHomes.com. We hope to hear from you soon!


Tuesday, July 16, 2019

The 4 Financial Benefits of Homeownership



Homeownership is a wise financial decision. Here are four reasons why.

Buying a Southwest Florida Home? Search all Homes for Sale 
Selling a Southwest Florida Home? Click here for a Home Value Report

Today we wanted to share the four financial benefits of homeownership with you:

1. You’re paying for housing whether you rent or own. In our area, the median rent is about $1,750 per month. We’re also seeing that you can get a $200,000 property with a mortgage that has a monthly payment of around $1,200.

2. Owning is a form of forced savings. Research has shown that homeowners have a 44 times higher net worth than renters, on average. Ownership gives you the ability to build equity, pull out lines of credit, and more. You can’t do that in a rental.



Homeowners don’t have to worry about rising rental rates.



3. Owning is a hedge against inflation. Home values and rents go up in our market by about 8% to 12% each year. As inflation comes into the market, rent prices go up. If you’re in a home that you own, your mortgage will stay the same while your home value increases with the market.

4. There are substantial tax benefits. If you're living in your home full-time, you can take advantage of the homestead exemption and see significant tax savings through that.

In conclusion, from a financial standpoint, owning a home has always been and will always be better than renting. If you have any questions about buying, selling, or anything else related to real estate, don’t hesitate to reach out to us via phone or email today. We look forward to hearing from you.

Thursday, June 20, 2019

Cost vs. Value Pie Contest



Don’t miss our cost versus value pie competition.

Buying a Southwest Florida Home? Search all Homes for Sale 
Selling a Southwest Florida Home? Click here for a Home Value Report

Today we’ll be answering some questions about how the cost of home remodels and repairs compares to the value brought by those projects. Additionally, we'll help you gain an understanding of where you will and won’t see an appreciable return on your investment.We decided to give today’s message a bit of a twist, though: Connor and Doug are going head to head in a trivia-style contest. And the cherry on top? After each question is asked, the first person to hit the table will have a chance to answer. If they answer correctly, their opponent will get a pie to the face. If they answer incorrectly, though, they’ll be the one to get the pie.

If you’re thinking about selling your home, reach out to us and we’d be happy to send you an itemized cost versus value report for your home, so you’ll be able to see where the greatest dollar-for-dollar return will be on the money you spend. For help with any and all of your real estate needs, please reach out to us as well. We look forward to hearing from you!