As the owner of rental real estate, you are likely well aware of the time and effort it takes to find and screen potential tenants for your investment property(ies). So, once you have a tenant in place, it can be frustrating if they decide to move out before they have fulfilled the time frame specified [...]
Given all of the “events” of the past ten months – including the COVID-19 pandemic - it’s no surprise that many people are more than ready for the year 2020 to end. But if you’re the owner of rental properties that are sitting empty, you may be feeling a sense of urgency to get these [...]
A pet is a big part of many families. Unfortunately, though, four-legged family members can sometimes cause destruction of a property, and they will usually require additional cleaning of the premises when the tenant moves out. All of these issues can equate to added expense for the property owner. So, in most cases, an additional [...]
With the comeback of Coronavirus cases in the U.S. over the past few weeks, many businesses have had to again revise their re-opening plans (if they are even able to open back up at all). These updates include rental property owners in the Sunshine State. In the latest pandemic-related eviction moratorium – which extends to September [...]
Florida is a great place to own rental property. For those who are on either of the coasts, both short and long-term rentals can be quite lucrative with snowbirds and families seeking a warm climate and the sound of the ocean waves. The central part of the state is also a filled with opportunity for [...]
With the resurgence of Coronavirus cases in the Sunshine State over the past few weeks, the financial impact is widening, too. In fact, according to the Household Pulse Survey from the United States Census Bureau, more than one-third of adults in Florida reported that they missed their June rent or mortgage payment and/or will not [...]
While many residential real estate investors place a key focus on generating income, it is just as important – if not more – to increase the value of your property(ies). One reason for this is so that you can ultimately increase the amount of rent that you charge. But there can other nice benefits, too, [...]
The COVID-19 pandemic has changed the way we work and live, possibly far into the distant future – and because of that, both homes and businesses will need to either adapt or face an uncertain road ahead. With that in mind, how can residential rental property investors appeal to potential new tenants, and keep current [...]
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 [...]
Eviction Moratorium For over a month now, Florida landlords (along with rental property owners across the U.S.) have not been allowed to evict tenants for non-payment of rent due to the COVID-19 crisis. This, in turn, can make it difficult for real estate investors to pay any expenses that they have regarding their property(ies), such [...]
With millions of people losing their jobs – and in turn, their income – during the coronavirus pandemic (COVID-19), it can be difficult at best for tenants to make their monthly rent payments. But, while skipping what is oftentimes the biggest living expense each month can ease financial hardship for tenants, it can have a [...]
Sometimes, even tenants with the best of intentions must vacate a property before their lease is up. When this is the case, there are a couple of things that could happen. One is that you must market the unit or property for lease again, in hopes of finding another tenant quickly. Another is that the former [...]
There can be a lot of “fine print” that comes with being a landlord. So, if you own real estate investments in the Sunshine State, there are some online resources that you should know about – as you may be required to reference various laws, rules, and documentation. Florida Department of Agriculture and Consumer Services [...]
As a rental property owner, you want to ensure that your investment is protected both physically and financially from fire, hail, and other types of natural disasters. Certainly, carrying homeowner’s insurance can help you with the financial part. But what about damage or destruction that comes from an “internal” source, aka your tenant(s)? One way to give [...]
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 [...]
One way that many real estate investors are making things easier on themselves is by using various technologies. Just like in most other industries, the right technology can help to save both time and money. As the owner of residential rental property, you’re likely well aware that the way you manage your investment(s) has a [...]
At some point in your real estate investing career, there may come a time when you start thinking about selling your rental properties. Rather than cleaning them up and putting up a For Sale sign, though, it may be easier to offer the home to your current tenant(s) either through a Lease Option or a [...]
With the 2008 economic downturn still fresh on most peoples’ minds, there has been talk lately about another recession that could be heading our way. If it comes to fruition, what can it mean for rental property owners? With the possibility of lowering interest rates in the future (in a recession), it could mean that [...]
If you own rental property in Orlando or the surrounding Central Florida area, then the upcoming winter months may have you wondering whether or not it makes financial sense to rent to “Snowbirds.” Snowbirds refer to those who live in the colder climates of the United States for much of the year, and temporarily move [...]
It’s just a fact of life that homes and apartments require a certain amount of maintenance and repairs over time – and as a landlord, it is likely that you have at least some amount of money budgeted for this. But the line is sometimes a bit blurred between when the property owner or the [...]
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 [...]
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 [...]
One of the last things that an investment property owner wants is an empty unit that isn’t producing any incoming cash flow. That’s because, every day that goes by, revenue is being lost. So, how can you make your rental property stand out and be more attractive so that potential tenants not only notice it, but [...]
If you own rental property(ies), your first priority is typically ensuring that your unit(s) are leased so that they are producing an ongoing income stream. Otherwise, you could soon be in the red. But just simply attracting any tenant could oftentimes end up doing more harm than good – particularly if they don’t pay their [...]
If you’ve owned rental property for any length of time, then it’s likely that you’ve received at least one call from a tenant, informing you that the air conditioner is on the fritz, the dryer is only blowing cold air, and / or the refrigerator isn’t keeping food cold. While these types of calls can be [...]
One of the worst situations that a real estate investor can have is paying expenses on an empty unit, without receiving any incoming cash flow. So, getting the word out to potential tenants can be crucial for generating income from the rental property. While there are a number of ways to advertise available rental property, [...]