Rental Market News

Covered Bridge Estates located in Ellenton Florida is one of the most sought after communities to buy or rent.
<h3>Covered Bridge Estates Location &amp; What’s Near</h3>
Covered Bridge is located in Manatee County off interstate I-75 exit 224 just south of the Tampa Bay Skyway Bridge. Covered Bridge is two minutes from the Ellenton Premium Outlet Mall. You have a great choice of exceptional restaurants like Peaches, Applebees, Ruby Tuesdays, Wing House, Anna Marie Oyster Bar, McDonalds, Beef O’Bradys, Subway, and many, many more. When it comes to all your other shopping needs Ellenton has Walmart, K-mart, Walgreens, Publix, Dollar General, Verizon store, the Furniture Warehouse, and many more shopping alternatives.

Covered Bridge was developed in 2000 and offers an exceptional quality of life for young couples, singles, retirees and working families, the eclectic mix creates a wonderful neighborhood for everyone
<h3>The Covered Bridge Estates Community and Club House</h3>
Covered Bridge offers so much for everyone, walking and bike paths throughout the community is perfect to enjoy the Florida lifestyle. The Club house offers a meeting rooms, exercise facility, billiard room, and a full size kitchen to accommodate the largest party. The Olympic size heated pool is the focal point of the community and gathering area for friends and families.  If you have children, Covered Bridge offer two playgrounds for ages 1 to 8 and 9 to 15. If you like more extensive exercise you can use the tennis courts or basketball court. Covered Bridge Estates has offers something for everyone.
<h3>How to Rent at Covered Bridge Estates</h3>
Covered Bridge has approximately 700 single family homes ranging from 1300 to 3900 square feet in size. You can choose from single or two story homes on large or small home sites. If you want to live in a community that is friendly and you get to know your neighbors, Covered Bridge Estates should be your destination. Poe &amp; Associates Realty owned by Peter J. Poe is the main Real Estate Company that has been dedicated for the last 10 years to helping buyers, sellers and investors in Covered Bridge. As “Your Exclusive Realtor for Covered Bridge Estates” I would be glad to help you. Please contact me at 941-729-8523 or <a href=”mailto:Peter@PoeRealty.net”>Peter@PoeRealty.net</a> for information about Covered Bridge Estates. You can also go to <a href=”http://www.PoeRealty.net”>www.PoeRealty.net</a> . If you interested in renting a home in Covered Bridge you can go to my Property Management website <a href=”http://www.EllentonParrishRentals.com”>www.EllentonParrishRentals.com</a>.

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LOS ANGELES (AP) – April 15, 2015 – Living in an apartment? Expect your rent to go up again.

Renting has gotten increasingly expensive over the last five years. The average U.S. rent has climbed 14 percent to $1,124 since 2010, according to commercial property tracker Reis Inc. That’s four percentage points faster than inflation, and more than double the rise in U.S. home prices over the same period.

Now, even with a surge in apartment construction, rents are projected to rise yet another 3.3 percent this year, to an average $1,161, according to Reis. While that’s slower than last year’s 3.6 percent increase, the broader upward trend isn’t going away.

“The only relief in sight is rents in the hottest markets are going to go up at a slower pace, but they’re still going to go up,” says Hessam Nadji, chief strategy officer at Marcus & Millichap, a commercial real estate services firm… Compliments of Florida Realtors

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Over the past few months I have seen more sales of homes in Covered Bridge Estate from European buyers who have been paying cash. It would appear that we will continue to benefit from more European cash buyers over the next year. On the flip side most of our friends from across the pond are not living in these homes, but renting them.. We need to have a policy for renters in our community or we will be back to what we had 5 years ago.. more investors and more renters.. Please contact our board and stress the need for a New Owners Approval and Orientation, along with a Tenant Approval Policy.

Thanks for your interest.
Peter J. Poe

MIAMI – July 6, 2012 – Europe’s financial woes may be South Florida’s gain – at least when it comes to real estate.

Europeans with extra cash are looking to invest faster in second homes in South Florida before the value of their euro currency drops further, real estate specialists said.

Read More…

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Covered Bridge Estates needs to move on getting the Policies and Procedures in place to handle what is upon us now.. I need your help. I sent out an email last week and have only heard back from 1 person. I need 4 people to help with this committee.. Peter J. Poe

McLEAN, Va. – June 20, 2012 – Freddie Mac released its latest U.S. economic and housing outlook, which shows that rental market activity has been a bright spot for the housing market.“Further increases in rental demand are likely in the coming year as newly formed households postpone homeownership decisions until the economy strengthens, and they have accumulated sufficient savings,” says Frank Nothaft, Freddie Mac, vice president and chief economist. “Overall apartment market trends may show further vacancy declines and rent gains, with property values improving as well.”Outlook highlights

• Over the year ending March 2012, an additional 1.5 million households moved into rental housing – a 4 percent increase in a single year.

• Rental vacancy rates dropped roughly 2 percentage points over the past two years.

• While nominal rents rose (2 to 4 percent) during the year ending March 2012, average rent on an inflation-adjusted basis remained below where it had been for much of the decade prior to the Great Recession.

• Multifamily property values are up, on average, about 25 percent over the past two years from their trough during the first quarter of 2010, according to the National Council of Real Estate Investment Fiduciaries index. But they’re still about 14 percent below their peak prior to the Great Recession.

• Starts of buildings with at least five apartments have jumped 48 percent in the first five months of this year when compared to the same period a year ago.

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Covered Bridge Estates Rental rates could rise in 2012

Rental rates forecast to rise in 2012

SARASOTA, Fla. – June 1, 2012 – Throughout Florida, such factors as an improving  job market, a lack of new apartments construction, and declining vacancy rates has Marcus & Millichap forecasting apartment rent hikes in most of the state’s major markets this year.

Bryn Merrey, vice president and regional manager in the firm’s Tampa office, remarks, “We’ve started hearing very frequently that people were able to raise their rents for the first time in a long time.”

However, there may be a bit of a lag in some areas, because such smaller markets as Bradenton and Sarasota have traditionally been slower to attract investment and have had somewhat higher vacancy rates than such cities as Miami.

Apartment rents have remained in check in and around Sarasota largely because of the number of foreclosed and bank-owned houses that are vying with the local stock of rental apartments.

Jayci Grana, rental division director at Michael Saunders & Co., notes that monthly rents began recovering this year and will likely go up between 3 percent and 5 percent in 2012 following a large decline that began in 2007. She adds that new apartment communities are finally being considered in many of Florida’s major markets and are poised to become a popular investment.

Source: 
Sarasota Herald-Tribune (FL) (05/28/12) Sword, Doug

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