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Orlando Property Management Company and Real Estate Broker

Real Estate

Image showing Your Refund Could be the Difference

Your Refund Could be the Difference

One of the silver linings to filing your income tax return is finding out that you are going to receive a refund. If you happen to be one of these fortunate taxpayers, your next decision is what to do with it. With the average tax refund around $3,000, it could be the difference that makes a home a reality sooner rather than later. Many would-be buyers think it takes 10% or more down payment to purchase a...

Image showing why house prices will keep on increasing

Fair Skies on Horizon

Buyers who have been concerned about what might happen to the tax laws affecting home ownership should feel more comfortable about moving forward with their decision to purchase. The 2017 Tax Cut and Jobs Act passed by Congress and signed by the President continues to treat real estate as a favored investment. Whether it is for a home to live in as your principal residence or to use as rental property, the...

Image showing up and down in mortgage rate from 1968 to 2018

Historical Perspective

In 1968, mortgage rates were 8.5%. The next year, rates went down to 7%. Homeowners could buy a 15-20% larger home for the same payments if they could find someone to assume their mortgage. FHA and VA mortgages were very popular in certain price ranges and they allowed anyone to assume the mortgage regardless of the credit. If you could find a person to take over your note, you were free to qualify for...

The "Right" Agent and the "Right" Home

The “Right” Agent and the “Right” Home

Some buyers think that finding the right home is the critical part of the buying process and that is how they determine which agent to use. While it is important, there may be a broader skill set to consider when selecting your real estate professional. The most recent NAR Profile of Home Buyers and Sellers indicate that 52% of buyers do want help in finding the right home to purchase. There was a time...

Convincing Advantages with Standard Deduction

Convincing Advantages with Standard Deduction

The new tax law doubles the standard deduction and it is estimated that over 90% of taxpayers will elect to use it. However, even without considering tax benefits, homeownership has convincing advantages. Besides the personal and social reasons for owning a home, one of the most compelling is that it is cheaper. Principal reduction and appreciation are powerful dynamics that reduce the effective cost of...

Lower Your Expenses without PMI

Lower Your Expenses without PMI

Mortgage loans for more than 80% loan-to-value typically require private mortgage insurance. Mortgage insurance reimburses the lender if a borrower defaults on a loan. PMI is expensive, and homeowners should be aware of how to remove it when certain conditions have been met. A borrower can request in writing for the lender to cancel the PMI when the mortgage balance has reached 80% of the home’s...

Ready for Retirement

Ready for Retirement

It can be shocking to hear how many people spend more time planning their vacation or next mobile phone purchase than planning for retirement. It is hard to imagine that they are expecting Social Security will take them through their golden years. A person who has paid in the maximum each year to social security can assume to receive about $30,000 a year. Every adult in the work force, should go to...

image showing how you can Balancing Risk and Deductibles

Balancing Risk and Deductibles

The benefit of insurance is to transfer the risk of loss to a company in exchange for a premium. The deductible is an amount the insured pays out of pocket before the insurance starts covering the cost of the loss. The challenge is to balance the risk an insured can accept with the premium being charged. To manage insurance premiums, policy holders often consider adjusting their deductibles. Lower...

Homeowner Tax Changes

The new tax law that was signed into effect at the end of 2017 will affect all taxpayers. Homeowners should familiarize themselves with the areas that could affect them which may require some planning to maximize the benefits. Some of the things that will affect most homeowners are the following: Reduces the limit on deductible mortgage debt to $750,000 for loans made after 12/14/17. Existing loans of up...

Surprise When Renting Your Home

Planning to go to the Masters next April 2-9th and don’t have a place to stay. Each year, there are homeowners who rent their home for a big premium during the Masters because hotels are in short supply and demand for private homes is up. Homeowners go on vacation and make tax-free income while temporary tenants rent their home. Homeowners can benefit from a little known provision in the tax code...

Prevent False Home Security Alarms

Prevent False Home Security Alarms

Some police departments report as high as 98% of calls are false alarms. Not only is this an incredible waste of police resources that could be available for legitimate emergencies, it annoys neighbors, startles pets and results in expensive false alarm fees. Know your codes – entering an incorrect keypad code is a common mistake leading to false alarms. The solution is to create codes that are easy...

Holiday Travels, go to holidays without worrying about your property with us

Holiday Travel Advice from Orlando Property Manager

Oliver Overton-Morgan with Morgan Property Solutions is a property manager with over 14 years experience. Here are his tips for your home when traveling over the holidays. The last thing you want if you’re traveling is to worry about someone burglarizing your home. Use this checklist to add some peace of mind while you’re out of town. Ask a trusted friend or neighbor to pick up mail, newspaper and...

orlando property manager shocked by eviction

An overview of the Florida Eviction process by an Orlando Property Manager

Oliver Overton-Morgan is the Broker-Owner of Morgan Property Solutions, with over 14 years experience as an Orlando Property Manager in Central Florida. Eviction usually comes as a shock to both parties involved. The Tenant often acts as though they cannot believe or understand why they are being evicted, and the Landlord is usually upset that they are having to resort to this final step. The first...

Debt Relief May Trigger Tax

Debt Relief May Trigger Tax

The Mortgage Debt Forgiveness Act, originally passed in 2007, was extended three times to protect homeowners from paying income tax on debt that was relieved due to foreclosure, short sales or deed in lieu of foreclosure.   The law expired on December 31, 2016 and unless it is extended again, homeowners with debt relief in 2017 may be subject to tax. A homeowner might feel a sense of...

Indecision is Not a Decision

Indecision is Not a Decision

There could be some legitimate reasons for not buying a home but indecision is not one of them. Indecision is rooted in not having enough information to move forward to own a home or continue renting. If you keep renting, at the end of the year, you have had a place to live and a pile of receipts that helped the landlord pay for his house. Deciding to buy a home will give you a place to live that is yours...

If it ain’t broke don’t fix it?! Orlando Property manager says Fix it anyway!

You may have heard "If it isn't broke, don't fix it" as popular advice, but if you've had a serious plumbing leak, you certainly wished you would had taken care of the problem earlier. Our orlando property management team deals with plumbing leaks on a constant basis so we know a thing or two. Washing machines, like all appliances, are supposed to work and when they don't, it's time to have them...

58% of Homeowners foresee a Drop in Real Estate Values | Orlando Property Manager

Our orlando Property Management Team at Morgan Property Solutions recently reviewed the Modern Homebuyer Survey from ValueInsured, 58 percent of homeowners think there will be a “housing bubble and price correction” within the next 2 years. After what transpired ten years ago during the Real Estate recession, understand the concerns Americans have about the current increase in home prices....

Gallup: Real Estate is Best Long-Term Investment 4 Years Running | Orlando Property Manager

Gallup: Real Estate is Best Long-Term Investment 4 Years Running | Orlando Property Manager

Every year, Gallupsurveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds.For the fourth year in a row, Real Estate has come out on top as the best long-term investment! This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26%. The full...

Orlando property manager and REALTOR

An Agent Who Will Put You First is Key to Success

As a REALTOR and property manager in Orlando, Devinee Overton-Morgan has dealt with many types of clients from the first time homebuyer to the savvy real estate investor. The key to helping people, she says, is finding out their why and then guiding them along the right path. During all this, putting the client first is vital. When it comes to buying a home, whether you are a rookie homebuyer or...

Grown your real estate wealth by orlando property manager

Homeowner Net Worth Is 45x Greater Than A Renter

Wouldn't you like to grow your wealth in a relatively easy and passive way? Orlando property management company Morgan Property Solutions recommends purchasing real estate in central Florida.   The Federal Reserve conducts a Survey of Consumer Finances every three years in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013,...

Make your Orlando real estate nest egg

Building Your Family’s Wealth And Plan the Next 5 Years

How does your nest egg look right now? Perhaps it is it non-existent or looking empty... well don't worry because you can do something about that by making it a priority in your life to start investing. Morgan Property Solutions, orlando property manager believes the next 5 years is vital to your success and investing in property will give you a huge leap forward.   Over the next five years,...

house prices in the next 5 years

Home Prices: Where Will They Be in 5 Years?

Looking into your financial future does not have to be burdensome, says Orlando property manager and REALTOR Devinee Overton-Morgan. The current trend on real estate shows prices continuing to increase and building American family's wealth. Today, real estate conversations tend to focus on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every...

The #1 Reason to Sell Now… Not Next Spring-media-2

When Is a Good Time to Rent? Surely Not Now!

It might seem ludicrous for an Orlando property manager to tell people n not to rent! But many people cannot buy and considering how strong the rental market is, we are certainly not worried about a sudden decrease in rental prospects. So, if you are looking to move, why not consider the option of buying a home and investing in your future instead of your landlords'?   People often ask if...

Minimizing or eliminating capital gains taxes

During the recession, some homeowners elected to rent their home rather than sell it for less than it was worth. Many of these people have used our Orlando property management services. Now that the market is improving, the IRS allows for a temporary rental of a principal residence without losing your capital gains tax benefits. To qualify, during the five year period ending on the date of the sale, the...

Have you started investing? Here’s an interesting fact about Real Estate

Orlando Property Manager, Oliver Overton-Morgan, discussing how investing in real estate is America's top choice for some very good reasons. Real estate is the overwhelming preferred choice of investment by Americans as identified in a recent survey. With the Dow Jones industrial average reaching record highs this year, it might be expected that the stock market would be the favored choice, but that...

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