ASSET MANAGEMENT
REO Sales & RENTAL SERVICES TO NAPLES FLORIDA PROPERTY OWNERS. E mail mikerivera@embarqmail.com (239) -770-6257
My Teams objective is to identify, evaluate and purchase quality real estate opportunities for a select group of investor clients and provide Leasing and asset management of any properties we determine to be in the best interest of our clients in today's market. Our brokerage handles all Sale and Rental Property for lease in Naples Fl and its sub-markets. To include Estero, Bonita Springs in Southwest Florida, any and all Residential & Commercial lease up , REO Rentals and pre Sales BPO.
NAPLES REO HOMES, COMMERCIAL REO FOR SALE
Purchasing real estate properties entails huge amounts of money which makes real estates substantial assets. Although it may be easy to manage just one or two real estate properties, managing more than that may seem too tedious for most people. This may be one of the reasons why people and companies turn to us in real estate asset management as a way to handle real estate assets.
We perform full Brokerage services for, acquisitions on Residential Income assets, Single family or Condo units, NNN, Retail, Shopping centers, Storage units, Industrial, Office, Mortgage Notes, underwriting on income & proforma, Disposition, access to off market and bank portfolio's, commercial debt, Due Diligence, Lease up, and visual Inspection quickly and can also work with receivership, REO distress sale properties. And provide legal services with thru our attorney's
A bit about Naples Florida
The Naples real estate market has been stabilizing in the last 1/4 of 2008. Rentals have been at a stabilized rate as well. Pool homes are Now as low as 1400 in some sub areas. 2/2's as low as 800 dollars month for annual leases.
Commercial rates on retail continue to decline as new retail space comes online and many owners give major discounts to keep rent rolls high. avg's seem to hover around $14 p sq ft and as low as $10 and maybe some incentives. Office remains stable at 6 to 13 per foot. Storage units seem to be doing better as home owners become renters & move from large homes to small rentals.
CVS and walgreens and other single tenant NNN is still very strong in hard corners class A locations and is a great Income as cash on cash & cap rates on NOI get better. Interest on NNN destroy any income that banks can pay out an REIT's and other money market accounts simple cannot touch and should be able to hedge against inflation in the next couple of printing capital years.
If you are considering purchasing or need lease up of a
commercial asset or
Naples home or
condo in a
Naples community then now is a great time to buy if you are not a short term investor. There are some great buys and over the winter and summer of 2008 there will be exceptional values as investors are dumping property to get out in 2009.
Please contact Mike Rivera
239-770-6257
Taken on new clients in the areas of Bonita Springs - Estero - Naples & Golden gate.
2009 Mike Rivera, Ferrer & associates, LLC
