News

New video shows how Fla. rent tax hurts everyone

12/17/15

TALLAHASSEE, Fla. – Dec. 17, 2015 – A new video focuses on Florida's business rent tax. Created by the Business Rent Tax Coalition – a group of 31 Florida companies and associations – the video explains in simple terms the problems created by a tax that exists only in Florida.

The Coalition hopes the video will be watched and shared.

In his 2016 budget proposal, Gov. Rick Scott proposed a reduction in the business rent tax by 1 percent in 2017 through the use of both recurring and non-recurring funds. He said that change would save Florida businesses $339 million over the next two fiscal years.

Florida Realtors® backs a reduction in the sales tax paid on commercial rent.

"For Florida to be more competitive and inviting to business, we must cut the business rent tax," says Carrie O'Rourke, Florida Rea

Read More

Survey: Almost all young renters want to buy a home

12/17/15

WASHINGTON – Dec. 17, 2015 – Although only half of surveyed households believe the economy is currently improving, nearly all young renters eventually want to buy a home – and a convincing majority still view homeownership as part of their American Dream, according to a new quarterly consumer survey released by the National Association of Realtors® (NAR).

NAR's inaugural quarterly household survey, Housing Opportunities and Market Experience (HOME), tracks topical real estate trends, including current renters and homeowners' views and aspirations regarding homeownership, whether or not it's a good time to buy or sell a home, and expectations and experiences in the mortgage market. New questions may be added to the survey each quarter.

The latest HOME survey data find that an

Read More

Study: Buying beats renting in most Fla. metros

12/11/15

BOCA RATON, Fla. – Dec. 11, 2015 – The latest national housing market index produced by Florida Atlantic University (FAU) and Florida International University (FIU) faculty indicates the housing market in several cities – including Dallas, Denver and Houston – may be nearing pricing bubble territory.

Based on numbers from the end of the third quarter, the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index comes on the heels of the recent S&P/Case-Shiller Home Price Index, which found home prices across the nation rose 4.9 percent in a 12 month-period ending in September.

"The U.S. housing market across the board is moving toward rent territory," says Ken Johnson, Ph.D., a real estate economist, one of the index's authors and an associate dean of graduate programs and professor in FAU's College of Business.

The BH&J Index measures the relat

Read More

Governor proposes 1% reduction in business rent tax

11/06/15

TALLAHASSEE, Fla. – Nov. 5, 2015 – In a teleconference with Realtors from around the state, Gov. Rick Scott yesterday announced that his proposed budget includes a cut in the business rent tax. This has been a goal of Florida Realtors for several years.

Florida is the only state in the nation that charges this additional tax on commercial leases and common area maintenance services, such as landscaping and cleaning.

Gov. Scott is proposing to reduce the business rent tax by 1 percent in 2017 through the use of both recurring and non-recurring funds. This will save Florida businesses $339 million over the next two fiscal years.

"Florida's Realtors applaud Gov. Scott for taking action to keep Florida competitive and business-friendly," says 2015 Florida Realtors President Andrew Barbar, a broker with Keller Williams Realty Services in Boca Raton. "Adding sales tax to rent can

Read More

Low-end housing better investment than high end

11/03/15

NEW YORK – Nov. 3, 2015 – Should investors change their real estate purchase strategies? According to Clear Capital, its recent study suggests that there are drastically different dynamics going on at the extremes of nearly all markets – and investment potential appears to be leaning towards the low-price tier.

The study ignored 50 percent of homes of moderate value, looking only at homes in the low tier – the bottom 25 percent of all transactions in a market – and the top tier, or highest 25 percent of transactions in each respective market.

Study results

• Metropolitan Statistical Areas (MSAs) with some of the highest distressed saturation rates like Detroit, Orlandoand Miami have low-tier year-over-year growth outpacing the top tier by large margins – in some cases by more than 20 percent.

Read More

State Property Management LLC's goal is to keep you and your tenants informed regarding all matters related to your property. Managers are avail able to answer any questions you may have about your rental property. Our goal is to keep you as informed as needed using any medium. Our mangers are available by phone email or fax to help keep you informed.