CASH IN BY RENTING OUT 3 Reasons to Buy Income Property in Naples
If you turn on HGTV right now, odds are the show playing will be all about income property. In the last few years, series like “Flip or Flop,” “Love It or List It,” and “Income Property” have shone a spotlight on the benefits of buying a home, giving it a makeover, and either renting or selling it for a profit. But did you know that you don’t need to do the hard work of “flipping” a property in order to cash in on its potential? If you have the money to invest in a well-maintained home, you can turn a profit right away by renting it out — and in Naples, that comes with plenty of perks. Here are just a few of them: A CONSTANT STREAM OF TENANTS Florida is a go-to destination for vacationers and retirees, and, according to Forbes, more seniors than ever are looking to rent rather than own their retirement homes. With more than 50,000 retirees moving to the Sunshine State each year, and even more looking to spend winter here, you’ll have plenty of prospective tenants vying to rent out your property!
EXTRA CASH IN YOUR POCKET The low property taxes and high demand for rentals in Naples translates to plenty of cash for income property owners. If you charge the right rent, it will cover the cost of your mortgage and then some, and you can send the extra funds straight to your retirement account or the budget for your next vacation! YOUR OWN LITTLE GETAWAY How long and how often you rent out your income property is up to you, and that opens up a lot of options for your own pleasure. If you purchase a slice of paradise you love, consider renting it out for a few weeks at a time to vacationers, or only offering it for the summer months. When the renters move out, you can move in and spend some time relaxing! If that sounds like a lifestyle you can get behind, our experienced team at Kimberly-Vincent can help you find the perfect Naples income property to turn a profit. Call us today at 239-444-8298 to start the hunt!
Cranberry Gingerbread
TAKE A Break
INGREDIENTS
• 1/2 cup canola oil, plus more for greasing • 3/4 cup unsulphured molasses • 3/4 cup packed light brown sugar • 2 large eggs • 1 tbsp fresh ginger, peeled and finely grated • 1 1/2 cups fresh cranberries, coarsely chopped • 2 cups all-purpose flour • 2 tsp baking powder • 1 tsp baking soda • 1/2 tsp ground cinnamon • 1/2 tsp ground cloves • 1/2 tsp kosher salt
DIRECTIONS
1. Heat oven to 350 F. 2. Grease a loaf pan with canola oil.
3. In a large mixing bowl, mix together 1/2 cup canola oil, molasses, brown sugar, eggs, ginger, and cranberries. In a separate bowl, sift and combine flour with baking powder, baking soda, cinnamon, cloves, and salt. Mix dry ingredients into wet ingredients until blended.
4. Scrape batter into loaf pan and bake for 50 minutes. 5. Transfer to a rack, let cool for 20 minutes, slice, and serve.
Inspired by Food & Wine Magazine
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