Innovation Nation

Posted on January 1, 2010

I was watching the CNBC Warren Buffett Bill Gates interview on New Year’s day in between Bowl games when one of the students asked an interesting question. The general gist of the question was what industry the two savants expected would generate the next Microsoft. The answer, not surprisingly, was not Real Estate. And that answer made me feel like a little bit of a looser since I’ve devoted my professional life to a practice that many people would find quite boring.

Then Buffett went on to talk about his investment in Coke and how he loves it because it’s consumed almost as ubiquitously as water, and the world’s population is rapidly growing which means demand for Coke is bound to increase. Alright, there are several other much more sophisticated reasons why Buffett invests in Coke, but this primary reason got me feeling a little better about my commitment to Real Estate.

I’m involved in an industry that’s more necessary than Coke – in that everyone needs a place to live. My industry may not innovate at alarmingly fast rates, but thanks to technology, land rights, and increasing land-ownership, there are more uses today for real estate than there ever have been. Real Estate may not hold the cure to Cancer or Alzheimer’s – two things that Buffett said would surely change the world – but through land ownership, real estate holds the key to the greatest creator of wealth that has ever existed.

Every day, my colleagues at Home Encounter plum the depths of their knowledge and experience to find better, faster, and fairer ways of implementing their practice. Every month our Tampa Property Managers seem to improvise something new to help them maximize owner profitability while increase the availability of quality real estate to renters. With every new transaction our residential real estate agents bring another person one step closer to living the American Dream. And one client after another, our Real Estate Consultants show people how to make better – wiser – more efficient user of their real estate.

It may not be earth-shattering, but Real Estate is an industry I believe in, not because it’s going to produce a Google-esque innovation over the next years, but because it has the power to change the world of so many deserving people.

So real estate practitioners around the world, keep your chin up! You may not make Warren Buffett’s list of most exciting industries, but every time you provide a renter with a comfortable home or help someone realize the dream of home ownership, you become a hero to that person, and you do what we’ve made our Mission here at Home Encounter: You Enrich Lives, One Home at a Time.

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The author, Peter Murphy, is Co-Founder and Head Broker at Home Encounter, a Tampa-based real estate Consultancy with specialties in Residential & Rental Properties, Investment Real Estate, Property Management and Land & Commercial Properties. Murphy’s analysis of the Tampa Bay housing market is featured extensively in local media and in trade publications, including the St. Petersburg Times, the Tampa Tribune, the Tampa Bay Business Journal, the Lakeland Ledger, and the Orlando Sentinel. He has appeared on ABC Action News and Bay News 9 for his reporting on significant local developments in the real estate market. He is a regular contributor to Fox’s 970 WFLA news broadcasts and is a guest panelist on Fox 13s “Your Turn”, where he consults on local and national real estate market issues. Murphy has a B.S. in Economics from the University of South Florida and an MBA with an emphasis in Finance, Economics and Marketing from the University of South Florida School of Business. He resides in Tampa with his wife and child

Filed Under Invesment Real Estate, Local Marketplace, National Marketplace, Residential Real Estate, Trends and Statistics | Leave a Comment

Half Price Foreclosures Enrich Lucky Buyers

Posted on December 11, 2009

Want a new 2,000 sq.ft home for $145,000? How about a 5 bedroom home for $150,000? Our would you prefer something smaller? How about a luxury 1 bedroom condo for $27,000? You can have it! The same housing downturn that has wrecked the lives of so many Tampa Bay residents has become a once-in-a-lifetime opportunity to buy beautiful homes on the cheap, and buyers who were patient enough to wait until now to buy are reaping the rewards of their good timing.

“One of our clients closed last month on a 5 bed, 3 bath, 3000 sq.ft foreclosure in Zephyrhills for $139,000,” commented Peter Murphy, Home Encounter head broker. “Another client is closing this month on a luxury 2,700 sq.ft Temple Terrace home just off the golf course for $195,000. I’ve never seen opportunity like this – no one has.”

All over Tampa Bay, home buyers are taking advantage of similar deals: a 1,600 sq.ft 3 bed/2bath Harbor Island condo sold November 20th for $180,000; a 2,500 sq.ft 3 bed/3 ½ bath townhome with views of Tampa Bay sold on November 30th for $199,000; a brand new 3,100 4 bed/3 bath in Grand Hampton sold on November 16th for $220,000. Homes that originally sold at $419,000, $457,000 and $385,000 respectively were snapped up by savvy buyers at an average of 48% of their original sales prices.

“What we’re witnessing is one of the largest land-grabs in history,” commented Home Encounter sales agent Chase Clark. “Buyers who have the resources are snapping up quality real estate at unheard-of prices. Beach-front, golf course, river front – it’s all on sale for nearly half of what it would cost you to acquire the land and build the house.”

New construction sales data would seem to reinforce this point. Of all the new home sales in November in Hillsborough reported through the MLS, the average sale price was $208,000. In the same month, 85 newer foreclosures sold in Hillsborough County for an average price of $133,000. That’s a 36% discount below what new homes are selling for in today’s housing market. Even if you assume a boom-time profit margin of 20% on the sale of a new home, new foreclosure sales are still coming in at an average of 10% below what it could cost a developer to buy the land and build the house.

The average price for all listings in Tampa Bay is $283,000 – the average price of a distressed home is $160,000 – almost half price. But if you’re worried these deals might disappear overnight, don’t. 28.5%of all listings – or over 7,700 homes in Tampa Bay are in foreclosure, according the latest distressed sales report from Home Encounter. At today’s rate of sales – and if no more foreclosures come on the market – it will take almost 3 months before they’re all sold.

“When our clients ask us if now is a good time to invest in real estate, we’re telling them yes – absolutely,” commented Murphy. “But we’re also telling them that if they want to wait a few more months to buy, then it’s probably OK – it may be a while before the great deals we’re seeing today go away.”

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Filed Under Foreclosures and Shortsales, Residential Real Estate, Trends and Statistics | Leave a Comment

A Guaranteed Way to Halt Home Value Declines

Posted on March 14, 2009

There’s been a lot of talk lately about reforming Mark to Market valuation policies in securities markets. The theory behind the proposal is that Mark to Market reflects market fears and expectations in security valuation and not necessarily the book value or likely performance of the securities. It’s a proposal that seems to be gaining traction on Wall Street and in Washington because business- and policy-makers are clamoring for something to put a floor on stock prices.

As a Real Estate consultant, I propose something similar for real estate valuation. My proposal will put an immediate halt to home-value declines and will likely stop the free-fall in Bank stocks and the devaluation of derivatives and mortgage backed securities that caused all this mess to begin with.

My proposal is that we end the Mark to Market approach to real estate valuation. “Is there such a thing,” you ask? Of course there is – it’s called the Comparable Sales approach. This approach – the only standard of residential real estate valuation approved by the Uniform Standards of Professional Appraisal Practice (USPAP) – states that residential real estate should be valued almost solely by Comparable Sales, or “comps”. In practice, this means that if your neighbor sold a home that is similar in size, function and location to yours, your home’s market value is roughly the same as your neighbor’s.

The problem with the Comparable Sales approach to real estate valuation is the same problem that so many have to the Mark to Market approach in securities valuation. The Comparable Sales approach in today’s market considers the price of foreclosed homes on par with conventional sales. This – just like securities valuation – reflects market fears, expectations and the out-of-control dumping of foreclosed homes on the market by Lenders, and not necessarily the actual value of the property in question.

This is problematic for a host of reasons. In an up-market, the Comparable Sales approach allows irrational exuberance to bid-up the price of real estate. It claims that your property is increasing in value solely because your neighbor was able to sell his similar home for more than you paid for yours. In a down market, the method forces down values solely because a bank foreclosed on your neighbor and the sold the home for pennies on the dollar. Neither outcome accounts for the intrinsic (or book) value of the home. In fact, the entire theory relies on the premise that the market always acts in a reasonable fashion and run-ups and run-downs in price are because the home is appreciating or depreciating rationally. If the events of the last 5 years taught us anything, it’s that expectations of rational behavior from the market are themselves irrational.

“What other approach could we take to real estate valuation”, you ask. The Replacement Cost Estimator, is one. This measure of value is commonly used by your insurance company in estimating an appropriate amount of insurance coverage for you to have on your property. Regardless of what you paid for your home, your Insurance Company values your property at what it will cost to replace the home should it burn to the ground – a much truer reflection of the value of your property than what you paid for it, according to them.

Here in Tampa Bay, Replacement Cost is rarely less than $120/sq.ft. So if you purchase a 1,000 sq.ft home, you shouldn’t expect your Replacement Cost estimator to come in much below $120,000. Let’s say you find a 1,000 sq.ft foreclosed home for $50,000. The Comparable Sales (Mark to Market) approach will likely value this bargain home – and all similar homes within a two mile radius – at $50,000. The Replacement Cost approach will estimate value much higher.

Policy makers seem oh-so-eager to make changes to Wall Street that will prevent what has transpired in the markets over the last 6 months from reoccurring. Yet it is what happened on Main Street that started this downward cycle. One way to ensure that nothing like this happens again is to implement a valuation methodology for real estate that can’t be manipulated by extra-market forces. If Mark to Market isn’t right for securities in today’s market, perhaps it’s wrong for real estate too. So while we’re rewriting the rules by which we value securities, let’s take a close look at the way we value real estate. If we change one, shouldn’t we change the other? Real Estate is, after all, the commodity that precipitated the market decline in the first place.

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Filed Under Commercial Real Estate, Foreclosures and Shortsales, International Marketplace, Invesment Real Estate, Local Marketplace, National Marketplace, Property Management, Residential Real Estate, Trends and Statistics | Leave a Comment

Home Sales are Up, but the Market is Still Down

Posted on June 5, 2008

The number of home-sales in Tampa Bay increased for the second straight month – so did the average sales price of Bay Area homes. But a continual decrease in asking prices is holding back housing market recovery. That’s according to Home Encounter’s Residential Real Estate Report for May, released today.

“There was improvement – or at least stability – in almost every indicator of housing-market-health,” commented Peter Murphy, Home Encounter CEO. “The number of sales went up across the region; sale prices rose; total listings fell; and average days until sale dropped.” All these positive indicators would ordinarily be accompanied by talk of recovery in the housing market, but Murphy isn’t so optimistic. “Asking prices have continued to drop, dampening prospects of an immediate recovery in the housing market,” commented Murphy.

According to Home Encounter, asking prices are a key bellwether of market strength, since they’re based on factors such as comparable sales, customer demand, loan availability and what a buyer can afford. Falling asking prices are typically in response declining home values, increased competition, extended time on the market and increased negotiation from Buyers. So even though average sales prices may have creped up since last month, the large inventory of unsold homes and heavy Buyer negotiation is having a dampening effect on market recovery.

A Slowing Decline in the Housing Market

The news of May home-sales activity is a mixed bag. Home Encounter forecasts still indicate that the Tampa Bay market will reach its bottom around February 2009 – unchanged from last month. But prices will have to fall a little more before they reach rock bottom – almost 7% more, according to Home Encounter’s Report.

Everyone equates “Bottom” with “Recovery”, but the two concepts are quite different, commented Chase Clark, Home Encounter Partner and director of Investment Services. “Bottom” is the point at which the decline should end. “Recovery” depends on many factors, including inventory levels, consumer confidence, availability of loans and the job market. When it comes to the “Bottom” of the housing decline, we can safely say that the end is in sight. But when “Recovery” will occur – and how long it will take to erase the losses of the last 3 years – is anyone’s guess.

Looking for Relief

Still, May stacks-up well when compared against past months. “Asking Price is a measure of health that almost has to get worse before it gets better,” commented Murphy. “Foreclosures, Short Sales and other real estate bargains will inevitably force the competition to lower their price if they want to sell homes. But once bargain-inventory dries up – and assuming generally positive trends continue – it won’t be long before the Seller can gain some level of control again. That’s the relief that everyone is looking for.”

Peter Murphy is Co-Founder and Head Broker at Home Encounter, a Tampa-based real estate Consultancy with specialties in Residential & Rental Properties, Investment Real Estate, Property Management and Land & Commercial Properties. Murphy’s analysis of the Tampa Bay housing market is featured extensively in local media and in trade publications, including the St. Petersburg Times, the Tampa Tribune, the Tampa Bay Business Journal, the Lakeland Ledger, and the Orlando Sentinel. He has appeared on ABC Action News and Bay News 9 for his reporting on significant local developments in the real estate market. He is a regular contributor to Fox’s 970 WFLA news broadcasts and is a guest panelist on Fox 13s “Your Turn”, where he consults on local and national real estate market issues. Murphy has a B.S. in Economics from the University of South Florida and an MBA with an emphasis in Finance, Economics and Marketing from the University of South Florida School of Business. He resides in Tampa with his wife and child.

Filed Under Local Marketplace, Residential Real Estate, Trends and Statistics | Leave a Comment

Open Job Offer

Posted on May 30, 2008

Please consider this an open-ended offer:

We’re looking for the most intelligent, highest skilled real estate practitioners that we can find. We’re looking for exceptional ability and impeccable character because we believe that it takes extremely smart people to make money in real estate in this market.

We don’t care about a hundred years of experience or 30 meaningless FAR designations. We want raw intelligence, unbridled motivation, and extreme personal discipline. We want the best, and here’s why: We want to work with them.

Our founders came out of a high-performance management consulting environment, envisioning that we could find real estate Agents who were like us – exceptional at what we do and driven to succeed. Our rude awakening was that there was no such Brokerage in Tampa Bay. So we created our own. Its name is Home Encounter.

We make no apologies for our ambition: we intend to be known as the best Real Estate Consultancy with the brightest Real Estate Agents in Tampa Bay. Our recruitment strategy is simple: find the most intelligent and highest skilled real estate practitioners in Tampa Bay and introduce them to our Firm. Once they experience our level of Real Estate Consulting, they’ll never go back.

We don’t know you, so we have no idea if you’re the exceptional talent that we’re looking for. But we firmly believe that “like attracts like” and that if what we’ve said above describes you, you’ll contact us right away to schedule a meeting.

We’re offering you the chance to be a part of a high-performance real estate culture, the likes of which you’ve never seen. No more mediocre teams; no more passionless colleagues; no more jaded mentors. Just intelligence, skill and motivation. If this type of Brokerage appeals to you, you can reach us at 813.425.2566. Ask to speak to any of our Partners.

Filed Under National Marketplace, Property Management, Residential Real Estate | Leave a Comment

New Products for a New Market

Posted on March 31, 2008

Dear Customers,

The Real Estate industry is going through some major changes right now. Traditional ways to brokering real estate are fine when times were good, but your needs have changed and you’ve made that abundantly clear to us. You’ve told us that you need flexible real estate agents, not agents who are constrained by conventional methods of selling and marketing; You’ve asked for innovative marketing techniques that transcend MLS; You’ve challenged us to implement competitive pricing structures that take into account your reduced profit margins; You’ve asked us to un-bundle our services and to sell you custom-made real estate solutions.

We’ve been listening, and over the last few months we’ve been testing products and services that will make your life a whole lot easier. Here are just a few of them:

Fee-For-Service Representation.

Also called Flat Fee or A-La-Carte Services. Many of you are in positions where you cannot afford to pay a professional to market and sell your property. Many of you are also well educated, talented consumers who can do a lot of what we do all by yourself. We recognize these facts and have unbundled our services so you can pick and choose the products that are right for you. Now you can list on MLS and Realtor.com with a Showcase listing for an affordable up-front fee; or you can purchase a Home Encounter for-sale sign for your property; or we can list your property on 25 real estate web sites…. In fact, all our services – right down to contract negotiation – have been unbundled and are now being offered to you for up-front fees charged to your major credit card. No more 6% take-it-or-leave it restrictions here. You want flexibility, you’ve got flexibility. You can now choose between traditional full-service representation or fee-for-service seller representation. Contact info@homeencounter.com for more information

Renter Placement Services.

Home Encounter Consultants love Renters and we gladly work with renters to help them find a home to rent. We have established relationships with hundreds of Landlords and we’re ready to share our inventory of rental homes with you. Landlords pay us to find them qualified Renters like you, so don’t worry about paying us. Just take advantage of our expertise in property-finding, negotiation, and renter representation and we guarantee that your rental experience will be a whole lot easier. Contact rentals@homeencounter.com for more information.

Tenant Finder.

Landlords, hundreds of Renters contact us every week looking for a home. So tell us all about your vacant property. When we find you a qualified Renter, you pay us half-a-month’s rent. No catches, no commitments – It’s that easy. Contact rentals@homeencounter to experience our huge Renter network today.

The Apartment Showcase.

Got vacancies that need to be filled? Want exclusive advertising in MLS, Realtor.com, Google, Yahoo Real Estate, and over 23 other huge websites? Then you need the Apartment Showcase. For only $99/month, you can advertise your vacancies in the most robust network of real estate sites in the world. Big, glossy, picture-filled ads show your apartment’s finest side while you’re reaching tens of thousands of qualified Renters at a fraction of the cost that you’re currently paying for the Flyer, newspaper classifieds, or other media. Contact rentals@homeencounter.com more information.

www.TheTenantList.com.

TheTenantList.com is a first-of-it’s kind free “bulletin board” for landlords to share information on Tenants. Fully in compliance with Landlord-Tenant laws and with the Fair Credit Reporting Act, TheTenantList.com is a long-overdue method of telling the whole-truth about Renters. It’s free, it’s easy to use, and it’s growing every day. Contact info@thetenantlist.com for more information.

This phase of product innovation is not a destination for us – it’s a journey. Home Encounter is “Real Estate Done Right,” and Real Estate, when “done right”, is constantly adapting to the needs of the marketplace. We’re always watching for signs that your needs are changing, but we also gladly welcome your comments and suggestions on how we can meet your needs even better. Feel free to write us any time on this Blog or at info@homeencounter.com.

Thank you for being our customers. Here’s to many more years of prosperity in Real Estate!

Filed Under National Marketplace, Residential Real Estate | 1 Comment

February Sales Trends and Statistics for Tampa Bay from the Home Encounter Residential Real Estate Report

Posted on March 11, 2008

The February Home Encounter Residential Real Estate Report for Tampa Bay was published on March 4th, 2008. This report contains Tampa Bay Statistics extracted from MLS and analyzed by Home Encounter Real Estate Consultants.Select findings for the Bay Area are highlighted below. All data reflects the change in data from January 2008 to February 2008

Positive Indicators
-A 2.3% decrease in Average Days to Sale. Average Days to Sale for February was 131 days, or just over 4 months.
-A 28.6% decrease in the Number of New Listings. 6,252 New Listings in February.
-A 3.6% decrease in Average List Price per Square Foot of New Listings, to $165/sq.ft in February

Negative Indicators
-A 6.7% decrease in total sales. 1,248 Sales in February compared to 6,252 New Listings.
-A 4.6% decrease in sale price per square foot. Sale Price per Square Foot was $131 in February compared to an Average List Price per Square Foot of $183.The average property sells for 71.6% of the average list price – a 5.2% decrease from January.
-A 1.5% increase in total listings to 38,817 in February from 38,222 in January.
-A 3.7% increase in average Continuous Days on the Market to 190 days, or just over 6 months.
-An extension of the market rebound date by one month on aggregate to April 2009.

All data shown above is for the Tri-County area on aggregate. Data by County and by Zip Code can be found at www.HomeEncounter.com/learn.php under the link to the February Residential Real Estate Report. Please direct all comments or questions to info@homeencounter.com

Filed Under Residential Real Estate, Trends and Statistics | 1 Comment

Resale Homebuyers Wait On The Sidelines While Prices Freefall

Posted on February 6, 2008

Tampa, FL. What will it take to sell a home these days? Apparently not ultra-low prices. That’s the consensus of the January Residential Real Estate Report released today by Home Encounter, a Bay Area Real Estate Consultancy.

After a marginally encouraging December for much of the Bay Area, January sales of Real Estate in Tampa Bay were lower than ever. And it wasn’t because sellers weren’t trying: “Prices fell drastically in January, but sales fell even faster”, commented Peter Murphy, Home Encounter CEO. “Seller’s just can’t catch a break!”

Analysts were crossing their fingers, hoping that positive real estate indicators from December would continue into January. They didn’t. January turned out worse than expected, with sales down 37% from December across Tampa Bay. The fact that prices fell 5.8% across the region and inventory rose 2.7% didn’t seem to make a difference. “In a healthy real estate market, these factors would stimulate a bump in sales activity – even in a historically slower month like January,” commented Murphy. “Unfortunately “health” is simply not what we have right now.”

“It’s rare to see buyers wait on the sidelines while conditions are so generally favorable, but that’s what we saw happening in January,” commented Chase Clark, Home Encounter President. “Buyer’s are waiting for something – maybe more favorable lending conditions, or perhaps they feel that prices are still not where they should be. But we’re seeing homes priced at cost in some markets and sales in these same markets are lower than they’ve been in months.”

Are Realtors Misleading the Marketplace?

An interesting contradiction in this report is in the fact that prices of new listings were up 0.6% from December to January. In other words, In the midst of significantly slower sales and falling prices, new sellers put their homes on the market at prices higher than we’ve seen in prior months.

“I have a feeling that this is due to Realtor optimism and is not at all connected to the realities of the marketplace,” commented Murphy. “There was a barrage of positive news from the Florida Association of Realtors about the worst being over and the up-tick in December sales meaning the marketing is on its way up. This was an oversimplification of one decent month and should not have been an indication of recovery. What we’re seeing here is Realtors sharing this exuberance with the clients and giving them a false sense of hope that they can list their homes at higher prices.” Home Encounter expects to see new listings enter the market at more reasonable levels in future months as sellers realize that their optimism was misguided.

The Fed Effect – How Interest Rate Reductions Impacted the Market.

The interest rate reductions pushed through by the Federal Reserve happened too late in the month to have had an impact on January residential sales. But the potential for improvement in the lending environment has Home Encounter Consultants thinking that February could be an entirely different story.

“One of the biggest challenges to purchasing real estate is that there just aren’t as many attractive loan options available as there were in times past,” commented Clark. “There are plenty of qualified buyers who want to get into the real estate market, but they just can’t find a loan that meets their needs. If this changes, we could be in for a strong end to the first quarter and a marked improvement from January.”

Filed Under Local Marketplace, Residential Real Estate, Trends and Statistics | Leave a Comment

Fixed Income Leaving You Flat…Now Is the Time To Invest In Real Estate

Posted on January 28, 2008

With the Prime Interest Rate dropping 75 basis points last week to 6.50% and 30-year fixed rate mortgages plunging to 5.50%, now is the time to invest in real estate. That probably sounds familiar, but this time the big difference and the real attraction is PRICE. Prices are also at a 5- year low, which leaves us with the perfect recipe for positive cash flow in real estate.

Low prices + cheaper debt + more options in insurance with lower premiums + property tax relief on the ballot = POSITIVE CASH FLOW.

So, if you are listening to the Nightly News and following the advice of money economists, you have probably parked your money in some fixed income investment like a money market fund, a CD, or municipal bonds. You may be satisfied with the meager 3-4% return you are seeing on your money because it seems safe and at least you aren’t losing money like you have probably been doing in current stock market. And those Wall Street guys are always right…!?!?!

Tampa Bay Real Estate is a simple, stable, reliable investment and a direct competitor to fixed income investments in the financial markets. I’m not talking about “flipping houses”. I am talking about buy and hold, long-term rental real estate in Tampa that can give you a substantially higher annual return on your money in cash and also provide you with long-term equity in the property. It is the best of both worlds. Fixed Income for the present and capital gains for the future all in one instrument that is not being controled by a Board of Directors, its being controlled by YOU. It is not just a piece of paper, it is a tangible asset, brick and mortar, sitting on the scarcest resource in the world…LAND.

Trade your paper certificates for a better way of investing. Buy Rental Real Estate Now. Before the prices rise again!!!

For more information on real estate investments in Tampa Bay, contact Chase Clark at 813.789.4130 – Home Encounter, LLC – www.homeencounter.com

Filed Under Invesment Real Estate, Local Marketplace, National Marketplace, Property Management, Residential Real Estate | Leave a Comment

Is a Landlord a title you want on your resume?

Posted on January 24, 2008

Many homeowners are finding themselves stuck with homes they cannot sell. With market prices stangnant and much lower than in years past, many people are being forced to hold real estate for much longer periods of time than they anticipated. What they don’t realize is that while they are holding these assets, they are losing their homestead exemption, property taxes are rising, insurance costs are going up, and they are still paying a mortgage in additon to the mortgage on the home they just moved into.

That adds up to a lot of money going nowhere…so, if you are in this situation, what do you do? Sell at a loss, do a short sale at the risk of damaging your credit, continue to hold the property vacant while maintaining the burden of an increasing PITI (principal, ineterst, taxes, insurance) payment. None of these sound good to me…the only fiscally responsible solution is to RENT!

But you dont want to be a Landlord?!?! But renters will tear up my house?!?!? There are many questions and many fears associated with the idea of renting a home. That’s where we come in…Home Encounter Property Management…we are experts in our field. We can take the anxiety, fears, and questions out of renting your home and turn them into money in your pocket. We may even have an excellent prospect waiting to see your home today…Contact us and start saving your money instead of losing every month…all the while preserving your equity until the market stabilizes and it makes sense for you to sell again.

We serve the following areas: Tampa Bay, Wesley Chapel, New Tampa, Tampa Palms, Temple Terrace, Weschase, South Tampa, Town n’ Country, Citrus Park, Hyde Park, Palma Ceia, Thonotosassa, Seffner, Land O’ Lakes, Ybor City, Clair Mel, Progress Village, Downtown Tampa, Chanellside, USF, University Area, University of Tampa, Hillsborough Community College, Busch Gardens, Lowry Park, Florida Aquarium, Legend’s Field, Raymond James Stadium, MacDill Air Force Base, Gandy.

We specialize in the following properties: single family homes, multi-family homes, apartments, condos, duplexes, triplexes, quads, rooming houses, hotels, motels, efficiencies, luxury homes, executive homes, bungalows, historic homes, lofts, high-rise condos, townhomes, flats.

Call or Email Us Today for a Consultation - 813.425.2566 or 866.996.7264 or andrewsm@homeencounter.com

Visit us on the Web at: www.homeencounter.com

Stop by our Office at: 2708 North 22nd Street, Tampa, Florida 33605 in the heart of the Ybor City Historic District

Filed Under Foreclosures and Shortsales, Invesment Real Estate, Local Marketplace, National Marketplace, Property Management, Residential Real Estate | 1 Comment