Loyd Robbins opens new real estate firm in Sarasota after leaving family firm to sons

Loyd M. Robbins, president and principal broker of Loyd Robbins &  Co., became as a sales associate in 1973 and gained his broker's license in 1975.

Loyd M. Robbins, president and principal broker of Loyd Robbins & Co., became as a sales associate in 1973 and gained his broker’s license in 1975.

Despite stepping away from the company he helped build for 50 years, Loyd Robbins has already launched a new real estate firm just a short walk from his old office on Tuttle Avenue.

Loyd Robbins & Co. was founded by Robbins, his wife Freya Robbins and their daughter Ali Marks, according to the news release.

The office at 3580 Tuttle Ave. has a team of 17 agents with a combined 399 years of real estate experience.

Robbins sold his shares in Harry E. Robbins & Associates in mid-June, a firm he helped build with his mother and father beginning in 1973, to his four sons.

However, the transition out of the company was not because Robbins, 68, plans to retire. He said he and his 91-year-old mother sold their shares so that the third generation could take over the family business.

“This may be a new venture, but it is firmly rooted in our longstanding heritage,” Robbins said in a news release. “It’s an opportunity to pay homage to my parents’ legacy while forging

Continue Reading

Buying Property For Airbnb – How to Get Started

It’s undeniable that Airbnb properties have the potential to generate huge rental returns, but unfortunately, this potential alone will not boost your bank balance.

As I’m sure you’ve already gathered, with successful short-term letting businesses, location is everything!

Now, although Airbnb is famous for having rental properties in pretty much all environments in every corner of the globe, there are some key recommendations when it comes to investing in a property that will provide steady returns and high occupancy rates throughout the calendar year.

To achieve this, buying an Airbnb investment property in a popular UK city that offers a combination of affordable prices, strong rental yields, high visitor rates and regular music and sporting events is usually a winner!

Take Liverpool for example.

A city with a rich history, world-renowned character, popular nightlife scene, two premier league football clubs and the birthplace of the band that changed music forever – need I say the name?…

Liverpool is an ideal location to invest in a short-term rental property in terms of securing bookings all year round.

Additionally, the average property price in Liverpool is almost £110,000 below the UK average according to the most recent House Price Index, while rental

Continue Reading

Could The Housing Market Collapse Again? Recovery Talk ‘Premature’ After Mortgage Rates Surge Past 7%

Topline

As fears of inflation push mortgage rates back toward multi-decade highs, economists are warning the resurgence in borrowing costs will deal another blow to the precarious housing market, driving home sales to new lows and proving the recent recovery many hoped would mark a turning point may instead be a short-lived “mirage.”

Key Facts

The average rate on the popular 30-year mortgage jumped back above 7% this week for the first time since October—once again approaching the highest levels in 20 years—after a string of worse-than-expected inflation data fueled the expectations of the Federal Reserve will intensify its rate-hiking agenda.

This surge in rates “dealt a fresh blow” to mortgage demand, says Pantheon Macro chief economist Ian Shepherdson, adding he’s been “puzzled” by claims the housing market is starting to recover and instead expects total home sales will plummet to a new multi- year low by May if rates remain close to 7%.

After collapsing more than 35%, home sales have remained relatively flat since November, but Comerica Bank economist Bill Adams calls the recent response in the housing

Continue Reading

China to guard against risks among property developers – Premier Li

BEIJING, March 5 (Reuters) – Warning that risks remain in the property market, China’s government said in a report released at parliament’s annual opening on Sunday that it would promote the sector’s stable development and prevent disorderly expansion by developers.

Premier Li Keqiang made guarding against risks to top property developers one of the government’s priorities this year, amidst still cautious cautious buyer sentiment, following through on the work done at a key economic meeting in December.

“There are more potential risks in the real estate market and some small and medium-sized financial institutions are exposed to risks,” Li said in the government’s work report for 2023.

Since mid-2021, the property sector has grappled with a liquidity crisis, with many developers defaulting on, or delaying, debt payments as they struggle to sell apartments and raise funds. Around half of the 30-odd Chinese developers listed in Hong Kong have defaulted on or delayed bond payments.

Latest Updates

View 2 more stories

“There are many risks in real estate for homebuyers and property developers, such as buyers’ threat of stopping mortgage repayments, failure to deliver pre-sold homes and default on debt by developers, which indicates a lack of consumption power and confidence,”

Continue Reading

Canada’s Luxury Real Estate Market Is Still Going Strong & Here’s How Much People Are Paying

With inflation and rising interest rates, it’s probably no surprise that Canadian house prices are predicted to fall in 2023.

However, it looks like one sector isn’t being affected all too much.

According to the latest report by real estate brand Engel & Volkers, Canada’s luxury real estate market is thriving. Yup, even in this market.

The company’s 2022 Year-End Luxury Real Estate Market report found that while rising interest rates had “triggered market normalization,” many luxury markets are holding their value.

In Halifax, for example, the luxury real estate market actually grew in 2022. In 2021, homes priced over 1 million accounted for 2.6% of all units sold, which grew to 4.6% in 2022.

Moreover, the number of condos sold, which were priced between $1 and $3.99 million also increased, from 13 in 2021 to 20 in 2022.

In Montreal, sales volume dipped by 55% in the second half of 2022. However, despite this, the provinces saw the prices for all property types combined hold in the $1 million to $3.99 million range.

Ottawa’s $1 million-plus market saw year-over-year growth in sales volume.

In Toronto, the sales volume of condos priced between $1 – $3.99 million went up by

Continue Reading

8 Practical Tips to Maximize Efficiency in Real Estate Investing

The real estate world is highly competitive, so those who pursue real estate investing must work hard to stay on top of their game. News events, market shifts, financial technology, and a host of outside factors can change the investment terrain, it seems overnight.

Real estate investing also offers investors tax benefits. Investors can take advantage of depreciation deductions and capital gains exemptions, which can provide a significant tax advantage. Additionally, investors can use a 1031 exchange to defer capital gains taxes on the sale of a property by investing the proceeds in a new property.

Done right, real estate investing can be (and often is) an incredibly lucrative endeavor. However, making a career in real estate that is sustainable and consistently profitable is also a complex and time-consuming process. Maximizing your efficiency is essential to ensure you get the most out of your investments, especially if you are working as a team of one.

Listed below are eight practical tips to help you do just that. These tips will help you get the most out of your real estate investments, from creating a well-defined investment strategy to taking advantage of automation tools.

Whether your preferred niche is in the

Continue Reading

How to Invest £30k – The Best Ways to Invest £30k in 2023

One of the most traditionally popular investment options, stocks remain a prevalent way to invest in 2023.

The stock market allows you to buy shares, or fractions of ownership, in companies so you can earn returns based on how they perform financially.

The more stocks in a company you own, the larger your stake of ownership is and the more profit you will make from your portfolio. For example, if a company had 1,000 shares and an investor owned 100 of them, then that investor would own 10% of the company and be entitled to 10% of the company’s profits.

As you earn money based on how companies perform, if their fortunes take a turn for the worse, then so will yours.

There are thousands of companies you can invest in on the stock market, meaning this is a good option if you want to diversify your portfolio.

Having a diversified portfolio means spreading your money around multiple forms of investment.

This is a good way of investing, as if one of your investments fails then you will not lose as much money, which is helpful for those with lower risk tolerances.

Some of the most popular stocks for beginner

Continue Reading

Liverpool Voted Best Place to Live and Work in the UK

The vast majority of those who live in Liverpool are happy with their life in the city for multiple reasons.

75% of residents are happy with their life in the city, thanks to the wide array of jobs available and the vibrant cultural opportunities.

Numerous major employers have offices or locations within the city, such as McDonalds, Amazon, Tesco and the BBC, as well as banks like Santander. Combine this with the respected multiple universities in Liverpool, and there is a large population of young professionals and students within the city.

Areas such as the Baltic Triangle and Liverpool ONE mean residents have a wide array of eateries, shops, and activities to entertain themselves with, while the city is renowned for its vibrant nightlife scene.

Property in Liverpool is also highly affordable, with the UK House Price Index revealing that the average house price in Liverpool as of October 2022 is £180,049. This is over £100,000 more than the national average of £296,422.

This means Liverpool residents are less affected by the cost of living crisis due to the wide array of affordable housing.

On top of this, the research conducted by OneFamily shows that Liverpudlians are most likely to

Continue Reading