Advice

Home/Posts/Advice
9 09, 2020

With Record Low Mortgage Rates, Is It A Good Time to Add to Your Portfolio of Rental Properties?

2020-09-09T13:37:23-04:00By |Advice, Investing|

The Coronavirus pandemic has brought about numerous changes. One of these is record low mortgage rates – and because of that, the U.S. housing market has been on the rise. In fact, as of mid-August (2020), sales of existing homes jumped by roughly 30%, following a three-month slump, and leading to a seller’s market. Housing [...]

12 08, 2020

Are Florida Landlords Responsible for Installing Hurricane Shutters?

2020-08-12T20:47:51-04:00By |Advice, Storm preparation|

With the 2020 hurricane season squarely upon us, most homeowners and tenants alike are concerned about making preparations and staying safe. One of the most common methods for keeping windows and doors in-tact is the installation of hurricane shutters. These shutters – which are typically affixed to the outside of a structure – are used [...]

24 06, 2020

Can the Stock Market Impact Rental Housing Prices?

2020-06-25T12:58:32-04:00By |Advice|

With the roller coaster stock market movements over the past several months, it is not uncommon to see daily – or even hourly – up and down swings in the three- and four-digit range. So, if you have any equity and/or other market-related holdings, you may be worried about how these unpredictable stock market shifts [...]

3 06, 2020

3 Best Websites to Advertise Rental Property

2020-06-03T17:50:19-04:00By |Advice, Landlord Advice|

As we continue to move through our “new normal,” it is clear that many types of business transactions will take place online going forward. This includes how we advertise investment property for potential new tenants. But with so many sites available on the Internet, how can you narrow down the best ones? Here are three [...]

22 04, 2020

How to Show Rental Property During the COVID-19/Coronavirus Crisis

2020-04-21T21:01:14-04:00By |Advice, Property Management|

While most of the country is staying home to help stop the spread of the COVID-19 (coronavirus), others need to continue conducting business as usual – and this includes rental property owners and landlords. So, how can you safely show rental property in Florida to prospective tenants during these challenging times, while still maintaining social [...]

18 03, 2020

Is Orlando Really a Top City for Owning Rental Real Estate?

2020-03-18T14:40:17-04:00By |Advice, Orlando Real Estate, Rentals|

If you own rental property in Orlando and/or the surrounding Central Florida area, you’ve likely made a very good choice in terms of your investment. That’s because – in addition to the roller coaster stock market, where you could essentially lose thousands of dollars every day – a recent report from the landlord-software TurboTenant found [...]

18 12, 2019

House or Condo – Which is the Better Real Estate Investment in Central Florida?

2020-01-02T13:26:29-05:00By |Advice, Landlord Advice|

If you’ve been contemplating the purchase of a (or another) rental property in Orlando, you might be wondering whether a single family house or condo will be your better money-maker. The good news is that either answer could be right – depending on what you’re looking for in an investment. For instance, condominiums are typically [...]

4 12, 2019

Making Your Rental Property Stand Out

2019-12-04T21:10:46-05:00By |Advice|

Making your Orlando rental property stand out can be somewhat difficult with a plethora of other options available to renters. So, just like any other item or service that’s trying to gain the attention of purchasers, you’ll need to make your offering different. One way to do that is by sprucing up the kitchen with [...]

20 11, 2019

Is Florida Really a Landlord Friendly State?

2019-11-20T20:00:57-05:00By |Advice, Florida|

While the goal of many investment property owners is to generate a “passive” stream of rental income (as well as to garner several attractive tax-related benefits), the process can be easier in states that are considered to be “landlord friendly.” The good news is that Florida is one of those states! One of the top reasons [...]

11 09, 2019

How to Find Good Tenants in the Fall and Winter

2019-10-30T22:03:21-04:00By |Advice, Landlord Advice|

With the fall season quickly approaching, many investment property owners have concerns about finding good tenants for their vacancies. Similar to the process of selling a home in the fall and winter months, renters can be harder to find – especially those who have children that are just beginning a new school year (and don’t [...]

4 09, 2019

Can a 1031 Exchange Make Sense with Rental Property?

2019-10-30T22:27:53-04:00By |Advice, Taxes|

As a real estate investor, it’s likely that you’re already familiar with the many favorable tax-related benefits that owning rental property can have. Depreciation, expenses, and even the mortgage interest can offer some nice deduction opportunities each year at tax time. But what happens when you’re in the market to sell your current rental units and [...]

28 08, 2019

Easy and Inexpensive Tenant Screening Can Fill Your Vacant Properties Faster

2019-10-30T22:07:55-04:00By |Advice, Landlord Advice, Tenant Screening|

One of a rental property owner’s worst fears is having a vacant unit that requires ongoing carrying costs. In fact, the longer a property sits empty, the more expensive it can get both from a monetary standpoint, as well as the likelihood of vandalism. Even worse than a vacant unit, though, is filling a property [...]

24 07, 2019

Are Tenants in Florida Required to Have Renters Insurance Coverage?

2019-10-30T21:39:15-04:00By |Advice, Insurance|

Insurance is oftentimes considered a financial “necessary evil.” That’s because even though no one likes to pay any type of insurance premiums, when the time comes to file a claim, the benefits that are received are a welcome relief. So, as an investment property owner in Florida, are your tenants required to purchase renters insurance? In [...]

5 06, 2019

What to Expect During the 2019 Hurricane Season in Central Florida

2019-06-06T10:34:34-04:00By |Advice, Disaster Prep|

As another hurricane season is upon us in Central Florida, it’s time to think about how to prepare your Orlando rental properties, both physically and financially, to best minimize damage. During this time, which officially begins on June 1st and ends on November 30th, the formation of tropical cyclones in the Northern Hemisphere is more [...]

24 04, 2019

How to Protect Your Rental Property During Hurricane Season

2019-04-25T20:34:55-04:00By |Advice, Landlord Advice|

With another hurricane season right around the corner, it’s important to prepare your rental properties in Florida from potential damage that could occur. Each year, May 15th through November 30th are considered the peak dates for hurricanes to take place along both the Atlantic seaboard and the Gulf Coast. While you certainly can’t prevent hurricane [...]

10 04, 2019

Why Your Tenants Must Have Renters Insurance Coverage

2019-10-30T21:40:26-04:00By |Advice, Landlord Advice|

Any type of real property should be insured against potential damages. This is particularly the case in areas like Central Florida where the likelihood of natural disasters like hurricanes exists. But, while you can protect yourself and your investment with property insurance, what about the personal items of your tenants? This is where renter’s insurance [...]