A reminder to owners of properties in Florida - the Local Business Tax Receipt is required to be renewed with the Tax Collector's Office where your property is located by September 30th. Generally, the receipt for payment is required by all individuals or firms engaged in businesses located and/or operating in the County. There may be different requirements depending on whether your property is rented short or long term and in which county your property is located. Your management company will normally take care of this renewal on your behalf.
I was working with a contractor who was at the home of another client when their 3 year old went quiet. They thought he was with his 10 year old brother. They found him face down in the pool. Despite it being a very short time and them being able to get some water out when they pulled him he was pronounced dead at the hospital. The contractor was in a bad state having witnessed the parents horror as they tried to revive their baby!
This happens - living close to Disney with most of the homes having a pool and many tourists from all over the world who think it will never happen to them . It does! This is fantastic but should be a last resort with pool alarms and safety gate a must.
If you rent a vacation home always, always keep the door alarms on if you have children. They are there for a reason and it is against the law to switch off or disconnect. Have fun in the sun but be safe!
Investors are betting big on the housing recovery - NEW YORK (CNN Money)
Hedge funds and private equity firms have been rushing in to buy up companies and assets in every part of the housing supply chain, including undeveloped land, homebuilders, foreclosed homes, and building parts manufacturers.
One of the most notable moves is coming from hedge fund manager John Paulson, best known for his big (and lucrative) bets against subprime mortgages in 2006 and 2007.
Now, he's turned his attention to snapping up undeveloped land in areas hardest hit by the housing crisis. "Land is the accordion in the home building equation," said Michael Barr, who runs Paulson's real estate investments. "It falls the most in a downturn, but also rises the most in an upturn."
Over the past two years, Paulson & Co has bought up enough land in California, Arizona and Nevada to build up to 25,000 homes and is aggressively scouting for more, according to Barr.
Related: Home prices post biggest jump in 6 years
Private equity firms are also getting in on the game.
Blackstone Group (BX) spent $2.7 billion last year to buy 17,000 single family homes, post-foreclosure, around the United States and plans to continue ramping up those efforts in 2013.
Pine River Capital Management took real estate investment trust Silver Bay Realty Trust (SBY) public in December. Silver Bay, which acquires, renovates, leases and manages single family homes, has already purchased more than 2,500 homes in areas hard hit by the housing crisis. In a recent SEC filing, Silver Bay said that it plans to purchase 3,100 more homes.
And in a sign of investors' growing appetite for a piece of the housing market, shares of publicly traded homebuilders have been soaring. PulteGroup (PHM), KB Home (KBH), and Lennar (LEN) are all trading near 52-week highs. Pulte's shares have more than doubled over the past year, while the KB Home and Lennar's shares have nearly doubled.
And for the first time since 2004, homebuilders are testing the IPO waters.
Tri Pointe Homes (TPH), which builds single family homes in California and Colorado raised $232 million through an IPO last week. Shares of the company, owned by Starwood Capital, rallied 20% on their first day of trading.
Related: Home building surges 12%
Others are lining up.
Scottsdale, Ariz., homebuilder Taylor Morison has filed to go public and is expected to kick off its investor roadshow in the next few weeks. And building supply company Boise Cascade, jointly owned by PE firm Madison Dearborn and OfficeMax (OMX, Fortune 500), plans to make its public debut next week.
Investment bankers and IPO investors say they expect more homebuilders to go public this year. "As the sector rotates back into favor again, it makes sense for housing companies to monetize," said Brad Miller, co-head of global equity syndicates at Deutsche Bank.
Brad Geisen, CEO of Foreclosure.com, which keeps a database of foreclosures around the nation, said he's been seeing a lot of interest from investors looking to buy up large numbers of foreclosed properties over the past three months.
"A lot of investors see a short window of opportunity where there's good inventory on the market at bottom market prices," said Geisen. "No one knows how long it will last, so these investors are trying to buy as much as they can right now."
First Published: February 4, 2013: 5:27 AM ET
My name is Helen Fair-Mensik, originally from Wales, UK. I spent many happy years there running my own retail stores and latterly working with theNGB2B, Cardiff & South Wales Chamber of Commerce for 9 years helping businesses to be more successful. I was involved in projects working with theWelsh Assembly Government, Local Authorities, Health Service, Glamorgan University, Department of Trade & Industry & BBC. I was Chair of the County Community Consortium for Education & Training 14-18 Education Group. I moved to Florida, USA in 2008 when I married my husband Marcel