06/10/2021 7:01 AM
Clarín.com
Real-estate market
Updated 08/06/2021 3:55 PM
Green Life Realty is one of the many boutique real estate agencies found in the state of Florida with its main office in Miami.
What sets it apart is that they successfully went through the pandemic that affected the world and achieved something that few have been able to do.
Ada Rinaudo, its president, says: "the key to everything was to never lower your arms."
The family business is made up of Ada, her husband for 30 years: the licensed agent Darío Peretti (an expert in foreign investors) and their daughter: Cynthia, who with her 24 years as well as a Contadora already has 3 licenses: as an agent real estate, loan originator and general contractor.
Accompanied by a very professional team, they have managed to ensure that all their investors and clients have not only had profitability in the midst of the pandemic but have also found through different tools so that all of them maintain their properties and close the year 2020 in the best way, without any Debtor tenant on his entire portfolio from the property manager part.
With garage for 2 cars, enjoying a wide range of main rooms.
“One of the best adjustments we made was to target our portfolio of vacant properties and offer them to plan 8 or section 8,” says Ada Rinaudo.
“Plan 8 is a government program through which it pays most of the rent for those families who qualify for this help. This is how we began to see which properties could qualify for this program since even despite the fact that most of the rent is paid by the government guaranteed at the beginning of the month, if due to Covid 19 a tenant was unable to contribute their corresponding part, The government decided to cover this deficiency to comply with the contracts and not affect even the tenants who could be left homeless, but very importantly the owners or investors who continued to collect what was agreed. We were also in continuous contact with the tenants to see how we could help each other ”, adds Darío Peretti.
"They were difficult months!"
Darío Peretti tells us, “but the most surprising thing was how we grew up with the family construction company Silver Group LLC”.
Green Life has a plus, additionally it offers excellent investment options through its construction company.
"This is the best time in the last 10 to 15 years to invest in Florida," says Peretti, for many reasons and even as a consequence of the pandemic, people from all over the US are migrating to Florida. They buy a property in the Sunshine State: Sunshine State, as they call Florida because in some possible confinement people want warm weather and private and comfortable spaces as they are still available throughout Florida. Rents are rising in percentages never seen before, bank interests for buyers are very low, rates never seen before, which creates an aggressive buying market and favors the seller at the same time because everything is sold in unprecedented record times. To this positive situation in all aspects Green Life has a plus,Additionally, through its construction company, it offers excellent investment options, in a few lines to leave clear numbers: with the Silver Group houses, returns on investment are offered from 7% net in new units with guarantees that go up to 9 % profitability when the investment is made through a mortgage loan of 60 or 70% of the property's value. Cynthia Peretti manages the mortgage loan to the investor in House with only 30 to 40% delivery and achieves rates as low as 4.5% abroad when they receive a gross income of 10% on the total investment value and not on the capital contributed by the buyer making the business multiply rapidly,since the same client can buy 2 properties at the same time with the u $ s 200K that he thought to buy a single property in cash; as an example: u $ s 90K in each one and the rest with a mortgage loan, which has a principal installment plus interest of just over u $ s 500 a month and the income from the rental of these houses is u $ s 1600. “Mathematics always gives,” says young Cynthia, who says that clients are simply speechless when she shows them a simple Excel file showing them that with less investment and thanks to credits with such low rates today they can double the portfolio and have more profit than paying in cash.which has a principal installment plus interest of just over $ 500 a month and the income from the rental of these houses is $ 1600. "Mathematics always gives," says the young Cynthia, who says that the Clients are simply speechless when she shows them a simple Excel file showing them that with less investment and thanks to credits with such low rates, they can now double their portfolio and have more profit than paying in cash.which has a principal installment plus interest of just over $ 500 a month and the income from the rental of these houses is $ 1600. "Mathematics always gives," says the young Cynthia, who says that the Clients are simply speechless when she shows them a simple Excel file showing them that with less investment and thanks to credits with such low rates, they can now double their portfolio and have more profit than paying in cash.
Very low mortgage credit rates for both residents and foreigners.
More than 4 years ago they began to finance the construction of houses with private funds from investors for local clients, with 26 projects that were in different phases of development at the time of the start of the pandemic.
After 3 months of having everything stopped, they decided to continue and with several meetings and trips they managed to assemble all the necessary equipment to finish all the projects and the miracle happened: in times of desolation they were almost the only ones generating work in the area and thus with a lot of effort and work was that they managed to finish all of them and deliver them in a timely manner.
At this time Silver Group LLC builds directly, hires, designs, supervises and negotiates independently as a developer and Green Life Realty exclusively sells all its products.
"With very low mortgage rates for both residents and foreigners, we are launching 3 new models to meet different market needs," says Darío Peretti, who personally took care of every detail with different architects and colleagues to create
Prosperity, Clover and Abundance.
Clover
4/2/1, is the optimized version of the success that the Sandpiper 4/2 had, a house with 4 bedrooms and 2 full bathrooms and a garage for a car with a total of 160 m2 is the best option for the investor since it is the lower value and higher return on profitability with a value from US $ 200K.
Abundance
3/2 ½ / 2, is the ideal home for the typical family that finds the ideal conditions to stop renting and buying their first home, this property that starts at US $ 289K of a total area that exceeds 250 m2 has 3 bedrooms, 2 bathrooms and toilet, with a garage for 2 cars, enjoying a wide range of environments.
This model is no longer a rental option but is transformed into a different business for the investor, which would be to provide the capital for the construction and share with Silver Group the profits from the sale that are estimated to be greater than 15% for each part.
Houses with 4 bedrooms, 2 full bathrooms, kitchen living room of 160mts 2
Prosperity
3 + Den / 3 ½ / 3, the best option for all the needs and demands of the current market, offering 3 bedrooms + a Den (can be used as a guest room or personal gym), but with the pandemic still worrying many people he prefers to have his home office. In this option you can even change the window for a French door to have access from the outside only to the office. In addition to having 3 full bathrooms (2 en suite) and a toilet for visitors. With the 3-car garage, the demand of families who have several vehicles is covered, but also the options of using one of them with storage (small deposit). This model will have many upgrade options, starting from a base $ 450K with luxury finishes within the base price.This version will also serve investors to share the business and obtain returns greater than 15%.
Some upgrades available such as Quartz countertop, backsplash, and black stainless steel appliances.
For more information: www.greenliferealty.com - www.silvergroupllc.com