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Pensacola Realty Masters Blog

Realty Masters is happy to present the following Pensacola area community and Pensacola real estate information! 

Listing your Home For Sale and/or For Rent
05-15-2019
Nicole St. Aubin
Listing your Home for Sale and/or Rent
07-16-2019

for rent versus sell facebook cover

Listing your Home for Sale and/or For Rent

If you’ve been exploring the possibility of selling your rental property but are unsure of vacancy costs, read this article!

We've got a solution where both options are possible. List your property for sale or for rent, whichever happens first. Our sales team is happy to test out the waters for you by listing your home for sale and/or for rent!

Here's what we ask:

  • You allow the sales team the 30 day notice period while the tenant is still occupying the home to list the property exclusively on the sales market!
  • If it's not under contract by the time the tenant vacates, we will list it for rent and keep it on both the sales and rental market until it's sold or rented!
  • If it rents first, you allow us to with withdraw it from the sales market once rented. New tenants do not take kindly to moving in a new property that's active for sale.

Here’s more information on this subject for you to consider.

Don't forget that our office is always happy to provide a market analysis for your property if you are curious of the current market value or interested in putting the property for sale! Reach out to our team for more information.

The Realty Masters of FL Team
#1 in Pensacola Property Management and Leasing! 
Rental Office 4400 Bayou Blvd. #58B, Pensacola, FL 32503  (850) 473-3983 www.PensacolaRealtyMasters.com
Sales Office 4400 Bayou Blvd. #52B, Pensacola, FL 32503  (850) 453-9220 www.RealtyMastersofFlorida.com
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originally posted 01-22-2019

How to Avoid a Housing Scam when House Hunting
05-15-2019
Chuntell Patterson
Housing Scams
07-16-2019

how to avoid online housing scams and craigslist

 

How to Avoid a Housing Scam when House Hunting!

In the Pensacola Bay Area, there are plenty of single family, multi-family, luxury apartment homes and other real estate developments to choose from. If you are not familiar with the area or process then you probably are wondering, where do you start? Of course, the first place I would suggest is the Pensacola MLS, as it is not a third party website and is accurate with most available listings by real estate companies. The other place would be the actual website for the property management company or complex that you are inquiring about. I would scroll their website, send in an email/ rental inquiry or give the office a call. Browse our rentals here

The average rents in the Pensacola Bay area are around $1,100-$1,200 per month. As prices are increasing and the availbility is decreasing, many house hunters are turning to websites like Craigslist or Zillow to find a rental property.

Potential renters can find private owners but also real estate companies post on Craigslist or Zillow as well. There are many online rental scams active in the area and several were found on Craigslist or Zillow. They take a home that is listed for rent with a management company or offered for sale and advertise the property for rent. It is wise to be mindful of sending your personal information and money via online/email. We've had several potential renters tell us they sent money and personal information like social security number and dates of birth to these scammers. As technology improves, it is harder to spot a scam. Scammers are now able to utilize local phone numbers from free avenues such as Google Voice. 

Here are a few things to look for:

  • Below market rent or a deal that looks too good to be true
  • Usually some or all utilities are included (this is not common practice in our area)
  • The ad says the house can be rented furnished or unfurnished
  • Out of state contact information especially when it comes to sending money or picking up keys 
  • Scammer tells you the property is vacant and door is unlocked (be careful, this may not be true and presents a dangerous situation!)
  • Emailing an application or request for personal information that does not look legitimate

If you see a listing on Craigslist that may fit the above description then please flag the post. In order to flag a post for misrepresentation then you would click on the box in front of prohibited to inform the Craigslist administrator.  This information is located at the top left corner of the Craigslist ad. Please see example below :
X prohibited[   ]

It would be good practice not to release any personal information to anyone over the internet. It's also best practice to meet with the person at the property or if you are out of town then verify with the local property appraiser site to see if that person owns the home. Here is a link to Escambia and Santa Rosa County Property Appraiser sites. Keep in mind that these scams are sophisticated and scammers also create email addresses using property owners names. Do a google search on the property to see if any other contacts or real estate companies come up associated with the address and reach out to them to verify the status. The more cautious you are the better. This can save you from identity theft or losing $1,000’s in move in fees.

Here's an article on WEAR with some details on a particular recent scam.

If you have any questions regarding a particular address then don’t hesitate to reach out to us. We will be happy to see if we can provide assistance to you in determining if the property is clearly a scam based off our experience. 

The Realty Masters of FL Team

#1 in Pensacola Property Management and Leasing! 

Rental Office 4400 Bayou Blvd. #58B, Pensacola, FL 32503  (850) 473-3983 www.PensacolaRealtyMasters.com
Sales Office 4400 Bayou Blvd. #52B, Pensacola, FL 32503  (850) 453-9220 www.RealtyMastersofFlorida.com

Follow us on Facebook ~ Twitter ~ YouTube 

originally posted 06-21-2018

Subleasing and Renting a Room in your Property
05-15-2019
Nicole St. Aubin
Subleasing
07-16-2019

Subleasing is Not Allowed at your Rental Property!

We understand that some residents may want to add a roommate to help with housing expenses. Please remember that you must request prior written approval to add an occupant on your lease agreement. Occupants will need to apply with our office and be approved by the property owner in advance of their move in.

This is important for many reasons, and is also enforced for your protection. There are many applicable laws and many times residents are not aware of those laws. You can actually face criminal charges for removing a roommates personal items or trying to force a roommate to move from your property. This happened recently in town and now a Pensacola area resident is facing criminal charges.

Want to rent a room out?

Most leases have a clause that prevent subletting. If you lease from another company or landlord, check your lease agreement to see if this is allowed.

You cannot advertise a room for rent on AirBnB and attract short term residents at your property. This is against the lease agreement and does present some safety hazards for your family. Please be careful and cautious. Reach out to our office with questions on adding, removing, or replacing roommates.

What if I own my own home?

Even if you own your home, you should also exercise caution and consider possible consequences of subleasing, whether short or long term, before proceeding. A new younger generation of homeowners are offering rooms for rent in their home on internet sites like Home Away, AirBnB, Craigslist, and VRBO. Before doing this, you should carefully consider the following:

  • Check with your insurance company to see if short term subleasing is allowed and covered under your policy.
  • Document your personal property and furniture before you allow guests with photos and written reports. You should thoroughly inspect between each guest. 
  • You need a good lease or occupancy agreement. 
  • Use a platform that helps to screen or vet potential renters, even if they only plan to stay one night.

We recommend you thoroughly research this before deciding to lease out any portion of your space.

The Realty Masters of FL Team

#1 in Pensacola Property Management and Leasing! 

Rental Office 4400 Bayou Blvd. #58B, Pensacola, FL 32503  (850) 473-3983 www.PensacolaRealtyMasters.com
Sales Office 4400 Bayou Blvd. #52B, Pensacola, FL 32503  (850) 453-9220 www.RealtyMastersofFlorida.com

Follow us on Facebook ~ Twitter ~ YouTube 

originally posted 06-16-2018

House Hunting Tips for Renters in a Housing Shortage
05-15-2019
Nicole St. Aubin
House Hunting Tips
06-24-2020

If you are house hunting this spring or summer in the Pensacola area, you will find that the active rental inventory is tight! We're seeing record lows in the single family rental market in the Pensacola area.

Here's the current situation with the Pensacola area housing market. 

Low inventory in the Pensacola Florida real estate market

There are simply not enough properties for rent at this time to meet the current demand of renters looking to move. To help you ease the stress and frustration of house hunting this season, we've put together a video with helpful house hunting tips. 

Here are some of the highlights from the video:

  • Do your research. It's up to you to do the research on the neighborhoods and areas. Do a neighborhood search (Escambia County Crime Map: http://www.escambiaso.com/crime-map/
  • Be prepared! Review the requirements for renting and have all of your documents necessary ready to apply. Have a double security deposit ready if you do not meet the rental criteria. 
  • Consider purchasing a home.
  • Check into the multi-family apartment complex community for availability.
  • Have vet records, photos, and extra pet deposits for your pets.
  • Don't just apply to apply! This lowers your credit score and is costly. Be intentional and serious before you apply. 
  • If you are relocating, do not expect to be able to pull a U-haul into town and move in a property the same weekend. If you have someone who can view properties on your behalf, have them coordinate viewings and sign a lease. 
  • Be available for showings! You may have to take some time off work in order to be successful in house hunting this season.
  • Have a back up plan in case you don't find a property!
  • Adjust your expectations for the criteria you need, not the criteria you want. It is not the time to find a dream house!
  • Housing affordability is an issue and will continue to be as the economy and real estate market improves. Rents will continue to increase. Plan for this! 
  • Be happy where you are. Do not be upset by a small rental increase or an unresolved maintenance item that is not important. 
  • Show up at real estate offices! The call and email volume is overwhelming for us now. Make time to pop by the office and talk with someone in person for best results.
  • Act fast when you find a nice property. Be ready to pay a deposit and sign a lease when you apply.

​Reach out to our office and let us know how we can be of assistance whether you are looking to buy or rent a home in 2018. 

Realty Masters of Florida Rental Office (850) 473-3983 http://www.PensacolaRealtyMasters.com 

Realty Masters of Florida Sales and Relocation (850) 453-9220 http://www.RealtyMastersofFlorida.com 

Nicole St. Aubin, Broker Associate
Realty Masters of FL
4400 Bayou Blvd. #58B, Pensacola, FL 32503
(850) 473-3983 www.PensacolaRealtyMasters.com
Follow us on Facebook ~ Twitter ~ YouTube 

originally posted 03-27-2018

Build your Credit while you Lease through Realty Masters
05-15-2019
Nicole St. Aubin
Build Credit
06-24-2020

There are a number of ways to build your credit. The easiest way to improve your credit score is to pay your bills on time. Most, but not all, of your recurring bills are reported to the credit bureaus. Your credit cards, car loans, and personal loans are just a few of the items that appear on your credit reports. If you pay these bills as agreed and on time, your credit score will improve over time simply by making timely payments.

Unfortunately, a lot of the bills you pay timely each month are not reflected on your credit report unless you default on the payment and close the account owing money. For example, if you owe your cable provider money upon moving, they will file this on your credit report, but will not report the monthly payments paid on time. 

For most renters, this is the case. Landlords do not report your timely payments to the three major credit bureaus and only report collection accounts when renters owe funds above the security deposit after moving out. Why? Because most landlords don't have the resources to do so. 

Realty Masters is proud to be one of the only landlords in the greater Pensacola area that offers a payment platform which allows our residents to opt in to credit reporting. The partnership we formed with RentTrack in 2017 now allows our renters to build and improve their credit score simply by paying rent on time. 

Here's how it works:

  • You pay your rent online through RentTrack's portal. Read more here.
  • You opt into credit reporting!
  • You pay your rent before the 3rd of each month online.
  • Your credit score improves over the term of your lease! 
  • By the end of your lease, you will have a higher credit score which will allow you to 

Because rent is paid as one amount, RentTrack's portal only offers this credit advantage to one resident. If you are renting with roommates or other lease holders, it makes sense to choose the lease holder with the

If you have questions about the RentTrack program, give our office a call. 

For more information on building and understanding your credit score, read Credit Scores: What are they and how to see yours for free.

Realty Masters of FL

4400 Bayou Blvd. #58B, Pensacola, FL 32503
(850) 473-3983 www.PensacolaRealtyMasters.com
Follow us on Facebook ~ Twitter ~ YouTube 

originally posted 01-26-2018


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