FLORIDA WORLDWIDE'S RENTAL PROGAM HELPS YOU MAKE MONEY WHEN BUYING A HOME IN FLORIDA FOR VISA, INVESTMENT OR IMMIGRATION PURPOSES

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Real Estate & Visa Services

The Florida Worldwide Rental Programme
Helps You To Make Money On Your Investment

Many people decide that the ability to rent out their Florida property forms an important part of their requirements. Most second home owners have limited vacation time to spend in Florida and consequently wish to ensure that their property is put to good use for the majority of the year. A large number need a reasonable level of rental income in order to assist in defraying the mortgage and other property running costs. Rental returns are generally not guaranteed but it is considered that a realistic occupancy level is around 70-75% which should be approximately the break-even point.

Florida Worldwide is presently achieving and even exceeding a 75% occupancy level in most cases. Rental payments to the owner will vary from around $450 per week for a standard 3 bedroom property with a private pool and located, say, 15-20 minutes from the beaches to higher figures for larger homes closer to the beach.

Due to the enormous success of Florida Worldwide in securing excellent contracts with most major tour operators, we are presently able to offer clients very high occupancy levels. These levels will vary depending upon the type of property concerned and its location.

You may recognise some of the familiar and well - respected Tour Operator names from our contract list which includes, Thomson Holidays, Thomas Cook, Airtours, First Choice, Jetsave, and many other companies throughout Europe.

As already indicated, rental rates will vary depending upon the season and the location of the property. A typical weekly rental payment to the owner for a 3 or 4 bedroom executive style property with pool in a location such as the Cape Haze Peninsula is around $550 per week. An occupancy of rate of 70-75% is considered to be easy to achieve. If you wish, Florida Worldwide can provide you with a full property maintenance and bill paying service to ensure that your home investment is well taken care of while you are away.

Please note that rental returns are generally not guaranteed. Actual returns will vary in line with market conditions and can be better or worse than the above estimates and following example figures. We do not recommend that a purchase be contemplated where total dependence is on rental income to fund mortgage and other outgoings.

Typical investment return resulting from renting a 3-bedroom executive style home with pool in the Cape Haze Peninsula south of Sarasota and ten minutes from the beaches follows. These figures are given as an illustrative example only. Your own circumstances are likely to be different to this, so we recommend that you do your own arithmetic and do not allow the following example alone to influence your buying decision.

TYPICAL 3 - BED 2 - BATHROOM EXECUTIVE HOME COST (APPROXIMATE)
HOUSE WITH SCREENED POOL	$145,400
POOL HEATER	$2,200
FURNITURE PACKAGE	$17,000
TOTAL COST	$164,600
GOOD FAITH DEPOSIT	$1,000
AFTER 40/60 DAYS	$12,000
AFTER 90/120 DAYS	$19,920
TOTAL DEPOSIT	$32,920
SETTING UP COST	$1,500
CLOSING COSTS*	$4,500
TOTAL CASH OUTLAY	$38,920

RENTALS (40 weeks) INCOME AT $550 p. w * $ 22,000

MONTHLY EXPENSES (APPROXIMATE)

UTILITIES $165

PROPERTY TAXES* $125

MANAGEMENT FEES $85

POOL MAINTENANCE $85

LAWN MAINTENANCE $70

PEST CONTROL $25

PROPERTY INSURANCE $23

CABLE TV $27

TELEPHONE $18

CHEQUE WRITING $30

TRASH COLLECTION $12

ASSOCIATION FEE $25

TOTAL MONTHLY EXPENSES $690

40 WEEKS RENTAL

MONTHLY EXPENSES (APPROXIMATE ANNUAL FIGURE) $8280

ANNUAL LICENSES $121

CLEANING AT $65 (PER CLEAN, AVG 2 WEEK STAY) $1,300

TOTAL ANNUAL OUTLAY* $20,746

YIELD (NET CASH) $ 1,254

* ESTIMATED

* PRICES SUBJECT TO CHANGE WITHOUT NOTICE

It can be seen that 40 weeks rental provides a small cash surplus so you have an appreciating asset and a free vacation home that is paid for from rental income!
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