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From the Law Offices of Heist, Weisse & Wolk, PLLC

Think again !!

Welcome to this month’s Investor Newsletter. With market conditions varying widely from one metro to the next, staying informed has never been more important. This edition dives into the shift away from a one-size-fits-all housing market, highlights the hidden value of assumable mortgages, and covers the SFR headlines worth watching this month. Let’s dive in! The Death of the “National Housing Market”: Why Local Knowledge Is the New Investor Edge For years, real estate investors could rely on a familiar narrative: the housing market is hot or the market is cooling. But in 2026, that headline is becoming less and less applicable as there is no longer just one housing market. Instead, there are thousands of local markets moving at different speeds. At the national level, housing appears more balanced than it has in years. According to Realtor.com’s Housing Market Report , April contract signings rose 4.5% year over year, while new listings reached their highest level since 2022. On paper, that suggests momentum is returning, but beneath the surface, the story can change by region, metro, and even ZIP code. Realtor.com found that performance across the top 50 U.S. metros varies widely, buyer activity is picking up in some areas, while others remain slow. In fact, many of the strongest-performing housing markets in early 2026 have been concentrated in the Midwest rather than the typically strongest Sun Belt region. A recent Fortune analysis noted that affordability and home pricing are helping Midwest markets outperform many southern metros in which are now facing softer demand and rising inventory. Rental performance is becoming just as localized too. The latest SFR Index found rent growth slowing significantly compared to prior years, with standalone SFR rents increasing just 0.8% year over year nationally in February. Meanwhile, some markets continue to stabilize while others face more pressure from new supply and affordability challenges. Additionally, according to a Yardi Matrix report , areas with more new construction, particularly in parts of the Sun Belt, are seeing weaker rent growth. Local market changes often show up first in property management data. Leasing activity, renewal rates, concessions, and tenant demand tend to change at the neighborhood level long before national housing reports reflect them. One area may remain highly competitive while a nearby neighborhood sees slower leasing activity. As an investor, it may be time to look beyond national headlines and even citywide trends when evaluating markets. You may want to look at where homes are leasing fastest and which neighborhoods are seeing new supply. Competitive edge may not come from choosing the right city, but from understanding the right block. As your property management company, we are here to help, so please reach out if you have any questions about your market. Did You Know: Assumable Mortgages Everything You Need to Know in 60 Seconds! What exactly is an assumable mortgage? Instead of getting a brand-new loan, the buyer takes over (or “assumes”) the seller’s existing mortgage, including the current interest rate, remaining balance, and loan terms. Not all loans qualify, but many FHA, VA, and USDA loans do, while most conventional loans do not. Who can use this? Real estate investors, homebuyers, and sellers can all benefit. For investors, assumable loans can be attractive when today’s interest rates are much higher than the seller’s existing loan rate. On the other side, it can also be used as a major selling point. Where can investors find this? Assumable mortgages can be found nationwide, but availability depends on the financing already attached to the property. Most conventional bank loans have a "due-on-sale" clause, which means they cannot be assumed. When is the best time to use this? These loans become especially valuable when current mortgage rates are much higher than rates from previous years. Assuming a mortgage at 3% instead of getting a new loan at 7% could dramatically reduce monthly payments for investors. Why does this matter? As a buyer, an assumable mortgage can help improve cash flow, lower financing costs, and make a property more attractive to future buyers. As a seller, it acts as a massive marketing tool. Offering a built-in low interest rate allows your property to stand out. Investor Takeaway: A low-rate assumable mortgage can be a valuable opportunity when buying AND a strong selling feature when it’s time to exit an investment. SFR Trending Headlines Stay Up to Date on the Hottest SFR News & Stories Are Single-Family Rentals Climbing While Apartments Slump? The Summer Pause : Why Zillow Says the Housing Recovery Just Hit a Wall Lizzo Offloads Her Beverly Hills Compound at a Massive $4M Discount Wall Street Is Betting $15 Billion on a Brand-New Wave of Housing Supply Why Ellen DeGeneres Just Listed Her $30M Eco-Farmhouse and Left for the UK Rate Update: We've Partnered with LendingOne to Bring You The Best DSCR Rates & Terms! DSCR Loan Advantages: Rates Often Lower Than Banks No Personal Income Requirement No Tax Returns Needed Not Reported on Credit Faster Closing Times Specialized Loans for Investors Only! To Inquire about Single Family Investor loans by email us at office@properties.rent Until Next Month! The Florida Property Management Services Team

Florida HB 803 is a new law that exempts certain residential construction work valued under $7,500 from building permit requirements, effective July 1, 2026. This law aims to simplify the permitting process and reduce delays for small home improvement projects. Resources: Florida House Adam & Reese Attorneys Overview of Florida HB 803 Florida HB 803 is a new law that significantly changes the building permit requirements for residential construction in Florida. It is set to take effect on July 1, 2026. Key Provisions Permit Exemption: Residential construction work valued under $7,500 is exempt from building permit requirements. Local Government Limitations: Local officials are restricted from inspecting exempted work. Temporary Structures: The law allows for certain temporary hurricane or flood protection walls to be built without a permit. Additional Changes Private Provider Authority: Expands the role of private providers in the permitting process, reducing local oversight. Homeowners' Associations: Prohibits HOAs from requiring permits for architectural reviews of proposed improvements. Permit Review Deadlines: Introduces mandatory deadlines for permit reviews, aiming to speed up the process. Important Considerations Written Request: Homeowners or contractors must submit a written request for exemption to the local enforcement agency. Prohibition on Project Splitting: Projects cannot be divided into smaller components to evade the $7,500 threshold. Exclusions: The exemption does not apply to electrical, plumbing, mechanical, gas, or structural work. This law aims to streamline the permitting process, reduce costs, and encourage home improvement projects across Florida. Very Important to remember: Under Florida HB 803, residential construction work valued under $7,500 is exempt from building permits, except for electrical, plumbing, mechanical, gas, or structural work, which still require permits regardless of cost. The exemption also does not apply to properties in flood hazard areas

The residential rental market in Boca Raton, Florida continues to demonstrate resilience and strong demand despite broader shifts occurring throughout South Florida's housing sector. Over the past year, the city has experienced steady leasing activity across apartments, condominiums, townhomes, and single-family residences, driven by a combination of corporate relocations, population growth, lifestyle migration, and the continued appeal of Boca Raton's high quality of life. Boca Raton remains one of the most desirable residential communities in Palm Beach County. Its highly rated schools, proximity to beaches, extensive shopping and dining options, growing business sector, and convenient access to major transportation corridors continue to attract renters from across the United States and internationally. Recent rental activity suggests that while the market has become more balanced compared to the extraordinary post-pandemic years, well-priced and well-maintained properties continue to lease successfully. Current rental data indicates that average rents in Boca Raton remain significantly above national averages. Zillow reports average rental rates around $3,200 per month across all property types, while other market sources place average rents between approximately $2,850 and $3,200 depending on property type and location. Recent leasing activity has been particularly strong in several key segments of the market. Single-family homes located in family-oriented communities continue to attract professionals relocating from the Northeast, California, and other high-cost markets. Many renters are choosing Boca Raton before making a home purchase decision, resulting in increased demand for annual rental properties in desirable school districts and gated communities. Neighborhoods such as West Boca, Boca Del Mar, Boca Pointe, Lotus, Woodfield Hunt, Woodfield Country Club, Central Boca, and East Boca have remained active rental submarkets. According to Realtor.com data, Boca Del Mar, Southeast Boca Raton, Northwest Boca Raton, and Sandalfoot Cove continue to maintain substantial rental inventories and leasing activity. Luxury rentals have become one of the strongest performing segments in the local market. High-income renters seeking flexibility, seasonal residents, executives relocating to South Florida, and prospective homebuyers waiting for favorable purchasing conditions have contributed to demand for upscale condominiums and waterfront homes. Properties offering resort-style amenities, modern finishes, private pools, water views, and proximity to downtown Boca Raton often command premium rental rates. Our inventory at Florida Property Management Services LLC ranges from $4,000.00 per month to just over $19,000.00, covering a vast range of luxury properties. Downtown Boca Raton has emerged as one of the city's most sought-after rental locations. Areas surrounding Mizner Park and the downtown business district continue to attract younger professionals and affluent renters seeking walkability and urban conveniences. Recent demographic trends indicate that Boca Raton is increasingly attracting younger residents, entrepreneurs, and professionals who appreciate the city's combination of lifestyle amenities and economic opportunities. The city's evolving business environment has also contributed to rental demand. Boca Raton continues to attract employers and investment into new office developments and mixed-use projects. Corporate expansion and new employment opportunities have created additional housing demand from executives, managers, and professional employees relocating to the area. Another notable trend is the continued popularity of short-term and transitional rentals. Online discussions among relocating families, university staff, and corporate transferees reveal ongoing demand for furnished rentals and flexible lease terms. Many newcomers use rental properties as a way to become familiar with Boca Raton's various neighborhoods before committing to a home purchase. Seasonal rentals also continue to play an important role in the local housing market. During the winter season, demand from snowbirds and international visitors often pushes rental rates higher, particularly in East Boca, waterfront communities, golf course developments, and luxury condominium buildings. Although rental demand remains healthy, tenants are benefiting from a somewhat more balanced market compared to previous years. Inventory levels have increased modestly throughout South Florida, providing renters with more choices and greater negotiating power. Rental properties are generally spending more time on the market than during the peak demand period of 2021 through 2023, especially within the luxury segment. Industry data suggests that accurately priced rental properties continue to lease efficiently, while overpriced listings may experience extended marketing periods. Property owners and investors should note that presentation, pricing strategy, and professional management have become increasingly important in today's environment. Renters are carefully comparing properties, amenities, locations, and lease terms before making decisions. Homes that offer updated interiors, energy-efficient features, smart-home technology, and attractive outdoor living spaces generally generate stronger interest and shorter vacancy periods. Looking ahead, Boca Raton's rental market appears well-positioned for continued stability. The city continues to attract new residents from across the country while maintaining a strong local economy and exceptional quality of life. New residential development projects and mixed-use communities may gradually add supply, but population growth and ongoing demand for South Florida housing are expected to support rental values over the long term. For investors and accidental landlords, Boca Raton remains one of South Florida's most attractive residential rental markets. The combination of affluent demographics, strong tenant demand, excellent schools, desirable neighborhoods, and a diversified local economy continues to create opportunities for long-term rental property ownership. While the market has normalized from the unprecedented conditions seen during the pandemic years, recent residential leasing activity demonstrates that Boca Raton remains a premier destination for renters seeking luxury, convenience, and lifestyle in one of Florida's most desirable coastal cities.

Welcome to the May edition of the Investor Newsletter! This month, the rental market is proving that strong returns are no longer just about rent growth. With operating costs taking center stage, investors are sharpening their focus on what really drives long-term returns. Inside, we cover these rising operating costs, take a quick look at ADUs, and round up the latest headlines shaping the market right now. The Quiet Profit Squeeze: Why Operating Costs Now Matter More Than Rent Growth Something is quietly changing inside single-family rental performance, and it is not something you will find in rent growth headlines! Even in markets where rents are holding steady or slowly growing, many portfolios are seeing a different pattern emerge; Net operating income is tightening, and the pressure is coming less from revenue and more from rising operating costs. Insurance has become one of the most unpredictable expenses for property owners. According to a recent article , premiums across commercial real estate are projected to rise another 8-15% annually in 2026. This is predicted to be driven by severe weather, higher rebuilding costs, and tighter underwriting standards. Bloomberg also recently noted that U.S. home insurance costs continue to rise as insurers adjust to growing climate and replacement cost pressures. For SFR investors, insurance is no longer a predictable line item. It is a cost that can impact cash flow from one renewal to the next. Maintenance and repairs are adding pressure as well. What many owners once viewed as routine upkeep has become a form of invisible inflation. According to a recent report , repair and maintenance costs have risen nearly 14% year over year and roughly 50% since 2020 in many locations. Deferred maintenance is also becoming more expensive to delay, often turning into much larger expenses down the road. Property taxes are another growing concern. Unlike insurance, tax increases tend to move more gradually through reassessments and municipal adjustments, making them easier to underestimate during underwriting. A Business Insider article highlights how taxes, insurance, and fees are becoming a larger share of “hidden costs” for property owners. Another article reported that property taxes and insurance now account for more than 21% of monthly housing costs in many markets. The takeaway for investors is that operational execution matters just as much as acquisition strategy. Strong returns depend on how well expenses are managed through proactive insurance reviews, preventative maintenance, tax monitoring, and disciplined renewal management. With rent growth normalizing in many areas, protecting NOI, rather than focusing only on revenue growth, may be becoming an even more important part of long term rental performance. Did You Know: Accessory Dwelling Unit (ADU) Everything You Need to Know in 60 Seconds! You might have heard them called "granny flats," "carriage houses," or "casitas," but in the real estate world, they are known as Accessory Dwelling Units (ADUs). As housing demand continues to rise nationwide, and many investors are looking for creative ways to maximize returns on existing properties, ADUs are a flexible option that can increase rental income, property value, and long-term investment potential. What is an ADU? An Accessory Dwelling Unit (ADU) is a smaller, secondary living space built on the same property as a primary home. To be a legal ADU, it must have its own kitchen, bathroom, and sleeping area. They can be detached, attached or repurposed from a home. Who uses an ADU? Homeowners and real estate investors often use ADUs to maximize their land and profits. It can provide a secondary housing option for additional tenants, multi-generational families, or short-term guests. For single-family rental investors, ADUs can turn one property into more income. Where are ADUs located? ADUs are appearing in neighborhoods across the country. As housing demand and affordability challenges continue to grow, more local governments are updating zoning rules to allow investors and homeowners to add these secondary living spaces to existing properties. When should an investor consider an ADU? ADUs may make most sense when a property has excess space, rental demand is strong, and local zoning allows secondary units. Many investors use this when they want to increase cash flow without purchasing another property. Why Are ADUs Important? ADUs are becoming a major trend in residential real estate. They can potentially: Increase rental income Help with housing shortages Offer flexible living arrangements Boost overall property value SFR Trending Headlines Stay Up to Date on the Hottest SFR News & Stories Wave of Price Cuts Arrives Before the Summer Heats Up Selena Gomez Eyes $1.6M Profit on Former Tom Petty Home Zillow and Redfin Brace for Major Legal Fight Are Tenants Saving by Not Owning ? Zuckerberg’s $170M Deal Breaks Miami Record Rate Update: We've Partnered with LendingOne to Bring You The Best DSCR Rates & Terms! DSCR Loan Advantages: Rates Often Lower Than Banks No Personal Income Requirement No Tax Returns Needed Not Reported on Credit Faster Closing Times Specialized Loans for Investors Only! Click for Financing Options! Until Next Month! The Florida Property Management Services Team

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An Update in 2026

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