Key Takeaways Skipping hurricane season preparation can turn a manageable storm into a five-figure repair bill and months of lost rent. Florida places no cap on security deposits, but the state's notice and return deadlines are strict enough to void a landlord's right to keep any of it. Missing Florida's required notice periods before [...]
Key Takeaways Regular inspections and prompt maintenance can help Central Florida landlords catch small issues before they become costly repairs. Storm preparation, water intrusion prevention, and working safety equipment are especially important for protecting rental properties in Florida's climate. Clear tenant communication and support from a professional property management company can reduce day to [...]
Key Takeaways: A rental agreement should name every adult occupant, not only the person who signed the application. Rent terms need more than an amount and due date; late fees, payment methods, and grace periods should be written clearly. Security deposit handling varies by location, so owners should confirm Florida and local requirements before [...]
Key Takeaways A rent-ready property attracts better tenants and reduces vacancy time. Functional repairs, deep cleaning, and moisture prevention are especially important in Central Florida’s climate. Small upgrades and curb appeal improvements can significantly increase perceived value. Strategic marketing helps your property stand out and lease faster. In Central Florida, rental demand moves quickly, but [...]
Key Takeaways Fast communication and proactive maintenance improve tenant satisfaction and retention. Respectful, consistent interactions help build long-term tenant relationships. Strategic lease renewals and thoughtful flexibility encourage renters to stay longer. Clear expectations and fair policies create a more stable and predictable rental experience. In Central Florida’s fast-moving rental market, attracting tenants is only [...]
Key Takeaways: Always require a tenant estoppel certificate when purchasing a tenant-occupied property to verify lease terms and protect your projected rental income. Estoppel certificates provide a current, legally binding snapshot of rent, deposits, lease status, and tenant obligations that may not be reflected in the original lease. Using estoppel certificates during due diligence [...]
Key Takeaways: Consistent, transparent communication builds trust between landlords and tenants and helps align expectations from the start of the rental relationship. Regular communication supports faster conflict resolution, more efficient maintenance, clearer lease enforcement, and improved emergency response. Well-structured communication systems reduce tenant turnover, improve satisfaction, and contribute directly to stronger long-term investment performance. [...]
At Central Holder Property Management, we talk with rental owners all the time about the pros and cons of allowing pets. While concerns about damage are understandable, today’s rental market often makes the financial case for a well-structured pet policy much stronger than many landlords realize. https://www.youtube.com/watch?v=MducbAJ1u4E The Market Has Changed, and Owners [...]
At Central Florida Property Management, one of the questions we hear often is whether a rental property can be sold while tenants are still living in it. The short answer is yes, but the better question is whether it makes sense based on the situation. In Florida, selling a tenant-occupied property is often less [...]
Move-in costs are one of the biggest friction points in leasing. At Central Florida Property Management, this decision often comes down to balancing risk with market competitiveness. In many cases, requiring last month’s rent seems like a safe approach on paper. In practice, it can make a property less attractive and limit your ability [...]
Key Takeaways: Implement clear, simple maintenance reporting systems from day one to encourage tenants to report small issues early before they turn into costly repairs. Tenants are more likely to report repairs promptly when landlords communicate a non-punitive, trust-based approach and respond consistently and professionally. Creating a maintenance-focused culture through education, inspections, and follow-up [...]
Key Takeaways: Refinancing a rental property mortgage should be treated as a strategic capital decision, not just a way to lower interest rates, because it can reshape cash flow, risk exposure, and long-term portfolio performance. Investors must carefully evaluate refinancing options—such as rate-and-term versus cash-out refinancing—by analyzing break-even timelines, cash flow impact, leverage, and [...]
Emotional support animals continue to create compliance and operational pressure for Florida rental owners. The regulatory framework has evolved, and property managers must understand how fee structures intersect with fair housing obligations. An emotional support animal, or ESA, is an assistance animal prescribed by a licensed healthcare provider for a person with a qualifying [...]
Key Takeaways: Improve curb appeal to attract tenants and reduce vacancy by making small, cost-effective exterior upgrades that create strong first impressions. Orlando’s growing population, strong job market, and lifestyle appeal support steady rental demand, making exterior presentation a key competitive advantage for landlords. Ongoing maintenance such as landscaping, power washing, lighting, and exterior [...]
Key Takeaways: Consider Altamonte Springs for rental investments if you want steady demand driven by employment access, population growth, and suburban lifestyle appeal rather than speculative market swings. Proximity to Orlando’s diverse economy, tourism engine, and major transportation corridors supports consistent occupancy and long-term income stability. Compared to nearby metro areas, Altamonte Springs offers [...]
Key Takeaways: Focus on acquiring and marketing rental properties in high-growth Clermont neighborhoods near Orlando commuter routes to capture rising demand and long-term residents. Clermont’s strong local economy, quality of life, and access to schools and amenities support steady occupancy and reliable rental income. Landlord-friendly Florida regulations and consistent property appreciation make Clermont a [...]
Key Takeaways: Target properties near downtown DeLand, Stetson University, or major commuter routes to capture steady rental demand and maximize long-term returns. DeLand’s combination of family-friendly neighborhoods, stable employment, and access to outdoor recreation supports consistent occupancy and responsible residents. Landlord-friendly regulations, moderate taxes, and ongoing community development make DeLand a strong market for [...]
Key Takeaways: Define your ideal property type and set a clear, all-inclusive budget so you stay focused on investments that match your goals and deliver reliable returns. Target high-demand locations near parks, shopping centers, lakes, and major roads to attract long-term renters and maximize occupancy in Altamonte Springs. Use conservative financial projections and consider [...]
Key Takeaways: Start your Clermont investment search by setting a realistic budget and analyzing cash flow using conservative estimates so you only pursue properties that stay profitable under varying conditions. Focus on neighborhoods with strong tenant demand—especially areas near lakes, parks, schools, and major roads—to attract long-term renters and maintain steady occupancy. Plan for [...]
Key Takeaways: Strong Rental Demand Across Diverse Tenant Groups: DeLand’s rental market benefits from steady demand fueled by Stetson University students, professionals, and families seeking affordable housing near Orlando and Daytona Beach. Smart Planning and Property Inspections Drive Profitability: Successful investors in DeLand focus on clear financial goals, detailed property inspections, and conservative projections [...]
Key Takeaways: Orlando Offers More Than Theme Parks: While world-famous attractions like Disney World and Universal Studios define the city, Orlando also boasts outdoor recreation, arts, culture, and a thriving food scene that make it an appealing year-round destination for residents and visitors alike. Strong Rental Demand and Investment Potential: Orlando’s growing population, steady [...]
Key Takeaways: Maximize Deductions and Reduce Tax Burden - Landlords can save significantly during tax season by identifying deductible expenses such as mortgage interest, repairs, insurance, and depreciation—while ensuring accurate reporting of all rental income. Stay Organized with Strong Recordkeeping - Maintaining well-documented financial records, receipts, and mileage logs throughout the year helps landlords [...]
Key Takeaways: Annual Maintenance Protects Your Investment - Regular property inspections, safety checks, and preventive maintenance help landlords avoid costly repairs, maintain compliance, and keep tenants happy—especially in Florida’s humid and hurricane-prone climate. Financial and Legal Reviews Ensure Long-Term Profitability - Reviewing lease agreements, rent prices, insurance policies, and financial records each year ensures [...]
Key Takeaways: Allowing tenants to paint can boost retention and value – Personalizing a space may increase tenant satisfaction, improve occupancy rates, and even allow landlords to charge slightly higher rent. There are risks involved – Poor workmanship, bold color choices, and added turnover costs can negatively impact a property’s value and increase expenses [...]
Key Takeaways: Legal Compliance is Crucial – Florida law requires rental properties to be free of mold, pests, and structural issues, and repairs must be addressed within 7 days of written notice. Routine Inspections and Maintenance – Regular inspections and timely upkeep of electrical, plumbing, HVAC, and safety features (like smoke detectors) ensure compliance [...]
Key Takeaways: Accurate Pricing and Strong Presentation Are Essential: Overpricing and poor property conditions are major causes of vacancies. Competitive rent and a clean, well-maintained appearance significantly boost tenant interest and reduce time on the market. Proactive Tenant Communication and Retention Cut Turnover: Responding quickly to inquiries and maintaining good relationships with current tenants [...]
Key Takeaways: Legal Protections and Differences Service animals, protected under the ADA, are specially trained to assist people with disabilities and are not considered pets, while emotional support animals require documentation under the Fair Housing Act and may be allowed as reasonable accommodations. Landlord Responsibilities and Limitations: Landlords can ask limited questions about the [...]
Key Takeaways: Preparation and Cleanliness Are Key: Before filming, ensure the space is clean, well-lit with natural light, and staged to make a great first impression. This signals to potential renters that the property is well cared for. Focus on Flow, Not Features: Use a steady smartphone camera to guide viewers through the natural [...]
Key Takeaways: Property management companies typically charge a monthly fee, with additional costs for leasing, renewals, maintenance coordination, and optional services like inspections or legal support. Several factors influence property management fees, including property type, location, condition, and tenant profile. Understanding these factors can help landlords choose the right level of service for their [...]
Check out the recent Redfin article we were featured in: Before tenants start unpacking their boxes and settling into their new rental property, there's one very important document that needs to be completed: the move-in checklist. This simple yet essential document records the condition of a rental property at the start of a lease, [...]
Key Takeaways: Form 1099-S is required to report the gross proceeds from real estate transactions, including the sale of rental property, and must be filed with the IRS by a responsible party such as the closing agent, title company, or sometimes the landlord/property manager. Landlords and property managers must understand their filing responsibilities, especially [...]
Key Takeaways: Furnished Rentals Can Command Higher Rates: Landlords can typically charge 15-20% more for a furnished rental, plus a higher security deposit to cover potential damages. This can lead to increased cash flow and a strong return on investment. More Maintenance and Upfront Costs: While a furnished rental can attract tenants more easily, [...]
Key Takeaways Maintain Property Quality: A well-maintained property attracts reliable tenants, so regular inspections and improvements can help increase appeal and reduce vacancies. Set Competitive Rent: Research local rental rates to find a balance between attracting tenants and maintaining profitability, ensuring your rent is competitive but not too low. Write an Engaging Listing: A [...]
Being a landlord can be a rewarding investment, but it becomes more challenging when you own rental properties that are far from where you live. Whether you've relocated, invested in properties in a different area, or simply prefer managing properties remotely, it takes careful planning to make it work. Without the ability to be [...]
As a landlord, one of your primary concerns is protecting your rental property from tenant damages. While wear and tear are inevitable, excessive damage can be costly and time-consuming to repair. Fortunately, with proactive measures, you can minimize risks and ensure your property remains in excellent condition. In this guide, Central Florida Property Management [...]
One of the decisions you have to make as a landlord is whether you’ll allow tenants with pets to stay in your rental unit. Doing so can offer benefits and drawbacks, so you need to think in-depth about the reality of accommodating pets in your property. If you decide to welcome them, creating a [...]
Managing tenant complaints is an essential skill for landlords to develop. Over time, issues may arise between landlords and tenants, and handling these situations effectively is crucial. It involves managing various personalities and addressing conflicts in a constructive manner. Property owners should remain composed, especially in challenging or emotionally charged situations. This article will [...]
Are you looking for ways to keep your rental property in top shape and avoid costly repairs? Proper maintenance is key to ensuring your investment stays profitable and your tenants remain happy. As a landlord, keeping up with routine checks, addressing issues promptly, and making smart upgrades can go a long way in protecting [...]
As a landlord in Orlando, FL, managing your rental properties effectively is crucial for maintaining a profitable investment. One of the most vital aspects of property management is tenant screening—a process that can determine the success or failure of your rental business. Understanding Tenant Screening Tenant screening is the process of evaluating prospective tenants [...]
As a landlord, it's crucial to make smart investment choices that attract great long term tenants while ensuring a solid return. The right upgrades can significantly enhance your property's value and desirability, making it easier to rent out and maintain over time. We'll explore the best renovations for your rental property, offering insights into [...]
Renting out property can be a lucrative venture, but it comes with its own set of risks and responsibilities. One of the most critical steps in mitigating these risks and protecting your investment as a landlord is to draft a solid lease agreement. A well-crafted lease agreement serves as a legal foundation that outlines [...]
Setting the right rental price for your Orlando property is crucial for attracting tenants and maximizing your investment. Ensuring that your rental is priced competitively in the market requires careful consideration of various factors. Conducting an analysis of the local real estate market and recognizing the demand for rental properties in your area could [...]
Are you finding it challenging to attract high-quality tenants to your rental property in Orlando? With a competitive market and a diverse range of renters, effectively advertising your rental property is crucial. As a landlord, you want your property to stand out among the many available options. This article will guide you through proven [...]
Key Takeaways Florida's new anti-squatter law (HB 621) gives property owners a faster way to remove unauthorized occupants by allowing law enforcement to intervene directly in qualifying cases, rather than requiring lengthy court proceedings. The law distinguishes squatters from legitimate tenants, meaning it generally does not apply to current or [...]
Investing in the real estate market in Orlando, Florida, can be an incredibly lucrative venture. Its warm climate and quality amenities also attract long-term tenants every year. While renting out a property in Orlando can be extremely lucrative, it requires careful planning. From preparing the property for renters to screening prospective tenants and maintaining [...]
Securing long-term tenants is a key goal for landlords and property managers seeking stability and profitability in the rental market. While finding tenants may seem like a straightforward process, cultivating an environment that attracts and retains long-term occupants involves a strategic approach. In this guide, we will explore various proactive steps that landlords can [...]
Key Takeaways Know the protected classes: Federal and Florida law prohibit housing discrimination based on race, color, national origin, religion, sex, familial status, and disability. Apply policies consistently: Advertising, screening, leasing, rule enforcement, and termination decisions should follow written standards. Handle disability-related requests correctly: Reasonable accommodations and reasonable modifications are related but distinct obligations. [...]
Beyond its charming theme parks, Orlando, FL, has a lot to offer prospective real estate investors. Orlando's blend of cultural richness and its economy makes it an alluring attraction. From the tourism industry to its infrastructure, each aspect contributes to the city's appeal. In this article, our team at Central Florida Property Management will [...]
Are you a landlord looking to expand your portfolio in a market that promises growth and sustainability? Welcome to Orlando, FL, the land of sunshine and soaring rental demand! Nestled in the heart of the Sunshine State, Orlando offers a unique blend of tourist attractions, bustling economic growth, and a thriving community. This article [...]
Are you dreaming of satisfied tenants? It's a vision every property manager wishes to turn into reality. After all, happy tenants mean smooth operations, positive reviews, and a thriving rental business. If you're wondering how to achieve this goal, look no further than the simplest yet often underestimated solution: keeping your rental property squeaky [...]
When carried out properly, real estate investment can be a lucrative venture. Orlando, Florida, is one of the prime locations for such investments. With its booming tourism industry, growing population, and strong job market, Orlando offers ample opportunities for property investors. However, successful real estate investment requires careful planning and consideration. In this article, [...]
https://www.youtube.com/watch?v=tc630lFuMpk Fixed-term leases offer plenty of benefits for landlords, from a stable source of income to reduced tenant turnover rates. As great as fixed-term rental agreements are, they also have some drawbacks, like the inability to end the lease or change the terms until after a set period of time. Sometimes, landlords [...]
Key Takeaways Florida landlords need a valid legal reason to evict, such as unpaid rent, lease violations, property damage, or a tenant remaining after a lease expires. The eviction process starts with the correct written notice, including a 3-day notice for nonpayment of rent, a 7-day notice for lease violations, or a 15-day notice [...]
Key Takeaways Florida security deposit law does not place a limit on how much landlords can charge, but most collect between one and two months’ rent. Under Florida Statute 83.49, landlords must properly store deposits, notify tenants within 30 days, and follow strict rules for deductions and returns. Landlords may deduct for unpaid rent, [...]
Key Takeaways Florida landlord tenant law outlines important rights and responsibilities for both landlords and tenants, including rent, repairs, lease agreements, and eviction procedures. Florida tenant rights include fair housing protections, habitable living conditions, privacy rights, and protection from unlawful eviction. Florida landlord laws require landlords to provide disclosures, maintain safe rental properties, follow [...]
Although nobody likes to dwell on it, the reality is that accidents and illness can – and do – occur. So, as the owner of rental real estate investments, what will happen to your property(ies) if you pass away? There are many questions that may come to mind when determining how to transfer real [...]
Because real estate is a tangible asset, its value is often thought to be more stable than investments in the volatile – and often unpredictable – stock market. But even so, stock market movements can still have an impact on real estate and the housing market, including residential rental properties. For instance, if the [...]
While owning rental real estate can allow you to build wealth and generate income, it can also be an expensive endeavor if you go into it without being aware of the costs, potential risks, and income opportunities. Therefore, if you are just starting out, it is important that you have an in-depth understanding of [...]
Most successful business owners follow certain habits or routines. That’s because doing so can allow them to focus on their goals, and to keep them on track – regardless of what other distractions come their way and attempt to derail them. Whether you own one rental property or dozens, it is essential that you [...]
When you are determining the amount of rent to charge your tenants on residential rental property, there are several factors to consider. These include the location of the property, as well as the size of the property, amenities it offers, and what other similar properties in the area are charging. Some investors also use [...]
While residential real estate investors are often focused on attaining – and maintaining – steady incoming cash flow, property values are another essential component of your overall portfolio. So, it is important to be mindful of both current and predicted future trends. In the Orlando / Central Florida real estate market, the impacts of [...]
If you own residential rental property, you likely already know that you can receive a regular stream of income from your tenants. But this is just the beginning – especially if you own a duplex, four-plex, or other type of multi-family housing structure. That is because you could also reduce your own monthly mortgage [...]
Owning residential rental property can come with a long list of expenses. It can also require a great deal of your time if you are managing and maintaining your investment(s) on your own. Just some of these can include finding and screening potential tenants, collecting the monthly rent, responding to emergencies (oftentimes late at [...]
Investing in residential rental property can be a lucrative endeavor. There are also numerous tax write offs that you could take in order to reduce your taxable income and in turn, put more net spendable cash in your pocket. One of the best ways to ensure that you are taking advantage of all the [...]
One of a rental real estate owner’s worst nightmares is holding on to an empty property – especially if it remains unrented for several months (or longer). Not only do vacancies represent lost income, but they can also cost you a significant amount of money out-of-pocket because affiliated expenses for electricity, water, sewer, and [...]
As 2022 draws to a close, it will soon be time to think about filing your taxes. If you don’t pay quarterly estimated tax on your rental income, it is likely that you could owe Uncle Sam, based on the rental income you received throughout the year. But there are also a number of [...]
With the real estate market in Florida (and around the U.S.) softening now, it could make sense to hang on to any rental properties that you own – especially if they are generating a nice monthly income for you. But if you opt to move forward with a sale, there are 4 essential tips [...]
With a volatile and highly unpredictable stock market, rising interest rates, and increased inflation, investors hare having a tough time deciding what to do and where the best place is to move (or keep) their money invested. One option, though, could be to start – or add to – a residential real estate property [...]
For many people, their pets are a member of the family. But unfortunately, there are times when they may cause damage that requires repairs or replacements of various items. With that in mind, many residential rental property owners charge a pet deposit in addition to a security deposit from their tenants. Not only can [...]
Before you hand over the keys to a new tenant, there are several items that landlords or rental property owners need to complete. Certainly, running a credit and background check is a must. In addition, there are several payments you will typically collect, such as a(n):Monthly rent (oftentimes the first and last month’s amount)Pet deposit [...]
Since the initial COVID-19 outbreak in the United States (that started nearly three years ago), many people have flocked to the Sunshine State. Given its year-round warm climate, Florida provides a great opportunity to plan outdoor activities, while still being mindful of social distancing requirements. But, as home prices – and mortgage rates – have [...]
Even though hurricane season in Florida is drawing to a close, the damage to property owners that was inflicted by Hurricane Ian will last for months, or possibly even years, to come for many property owners – including those who own residential rental real estate. The good news is that there are resources available [...]
What you can and cannot use to ease what you owe the IRS If you own rental real estate, you could generate a significant amount of income from your property(ies). But you may also be required to pay income taxes on that cash flow. The good news is that there are ways you may [...]
As interest rates continue to rise, it is becoming “more expensive” to borrow the same amount of money. Today (October 5, 2022), the average interest rate for a 30-year fixed mortgage on a primary residence is 6.83%, with the average for a 5/1 ARM (adjustable rate mortgage) standing at more than 5.3%. But rates [...]
As the owner of residential rental property, you likely screen potential tenants carefully before handing over the keys. But what if you aren’t the one making the decision about a new person (or persons) moving in? That might not turn out very well for you! Subletting occurs when someone who is leasing a property [...]
With interest rates on the rise, many home buyers and real estate investors are seeking alternate strategies for purchasing properties. If you don’t have an ample amount of cash to use, another option could be the answer – funds from your IRA (Individual Retirement Account). Many investors contribute to IRAs each year. The money [...]
Managing rental property can be difficult – especially if you own multiple units. But just like most other industries, the application arena has made things much easier, which can give you some of your time back and allow you to conduct business with just a few taps on your smart phone. Some of the [...]
When your tenants want to stay in your rental property, you will typically have to extend the lease. A lease extension agreement, or lease renewal, will allow you and your tenant(s) to extend the agreement beyond its original end date. In most cases, the other terms and conditions of the lease will remain the [...]
Central Florida is a vibrant area that has a lot to offer. Orlando in particular brings millions of tourists in each year, given its wide array of attractions and year-round warm climate – and many of these people decide to make The City Beautiful their permanent home. Before purchasing a house or condo, though, [...]
With fears of a recession getting stronger, many investors are moving into “safe” mode – in a multitude of cases, to avoid wiping out much (or all) of their portfolios and seeing a “repeat” of the Great Recession of 2008. Lately, the pace of runaway inflation has been pushing interest rates (and in turn, [...]
As the home of the “happiest place on earth” – as well as numerous other theme parks and attractions – Orlando is one of the most popular vacation hot spots in the world…and the year-round warm temperatures provide an added bonus as Central Florida is also enticing for snowbirds and retirees. While many vacationers [...]
If you own residential rental property, you may have some big expenses to pay, like the installation of a new roof or replacement of the furnace and air conditioner. Rather than put these on credit or deplete your savings, though, you may instead be able to access equity you have in your investment property(ies) [...]
With interest rates continuing to rise, it has become a bit more difficult to secure financing for real estate purchases. This is the case for both consumers and property investors. So, if you’re in the process of purchasing (another) rental home or unit – and you need to borrow money to close the deal [...]
When you own residential rental property, you run the risk of items like appliances and major systems (such as the furnace and air conditioner) breaking – even if it is just due to normal wear and tear. Unfortunately, paying to repair or replace these items can be expensive, and it can ultimately cut into [...]
Owning residential rental property can be a great way to generate a steady stream of passive income, along with building up equity while the balance of your mortgage is paid down using “other people’s money” (OPM). There are several property types available in this arena, though, and for many years a debate has ensued [...]
Almost since the COVID-19 pandemic hit the U.S. in early 2020, both the stock market and the real estate market have moved in unpredictable directions. But, while stocks have moved in value both up and down, real estate prices – at least in most areas – have continued to increase…with many homes and properties selling [...]
There is a nearly endless list of risks that you can face as the owner of residential rental real estate. Some of these may be within your (or your tenants’) control, and others – such as hurricanes – are not. In any case, though, the cost of repairs and replacement items can really add [...]
Over the past two years, there has been a multitude of surprises in the real estate industry – both for homeowners and residential rental property owners alike. First, as the COVID-19 pandemic initially hit the U.S., the massive job losses led to the inability to pay rent for millions of tenants – which in [...]
Nobody knows what will happen in the future – so as the owner of residential real estate, even if you have a long-term lease in place with your tenants, there is a chance that they might not be able to fulfill it. One option that you may take if your current tenants need to move [...]
If you own equities like stocks and mutual funds, also owning investment real estate could be a nice way to diversify and “balance out” your overall portfolio. This is particularly the case when the stock market is volatile – a situation that has become more of the rule than the exception over the past few [...]
If you are considering becoming a residential rental property owner in Central Florida – or if you already own investment housing and you’re thinking about adding more to your portfolio – there are some things to consider about the area that go beyond just the price and square footage of a potential home or unit. [...]
When hearing the term “the American dream,” many people automatically think of home ownership. But for some, that dream may not be a reality – particularly in a market where paying above asking price has become the norm rather than the exception. One of the ways that some renters have been able to purchase a [...]
Over the past decade or so – and particularly since the COVID-19 pandemic hit the United States in 2020 – mortgage interest rates have been sitting at historical lows. This, in turn, has sparked a home buying frenzy, with many properties selling at far above their asking price, yet with low monthly payment requirements. As [...]
Here’s what you need to know first! As a residential real estate investor, it is possible that you keep your eye on properties that are either going into foreclosure or that are already foreclosed upon and may still be purchased – oftentimes at a steep discount. But, while some foreclosures can certainly offer the opportunity [...]
With properties still selling in many areas at above asking price, a significant number of would-be homeowners have been forced to remain on the sidelines – at least for a while longer – and continue to rent their living space…and as a residential rental property owner, this can be profitable for you, particularly if your [...]
While many rental property owners keep their real estate investments close to home, that isn’t the case for others. One popular area to own residential rental homes or units is Orlando / Central Florida, due in large part to its long list of attractions and its year-round temperate climate. Although long-distance rentals can certainly be [...]
Here is the #1 most profitable improvement to make in 2022 If you’re considering making some improvements to your rental home(s) or unit(s), you may have visions of granite countertops and shiny stainless steel appliances in the kitchen, or brand new bathroom faucets and showers. But you may be surprised to learn that none of [...]
Do you really want to a landlord after you retire? A successful retirement has much more to do with bringing in an ample amount of income than it does with having a large net worth. So, if you own residential rental homes or units, you may be considering using the incoming cash flow from them [...]
In a hot real estate market where many properties are selling within a matter of just hours – some at $20,000 or more above the asking price – it may have crossed your mind to put your rental home(s) or unit(s) up for sale, and (ideally) walk away with a nice lump sum of cash. [...]
If you own one or more rental homes or units, you may find yourself going up against corporate rental agencies for tenants. But are these companies really your competition? In a word, no…at least not when it comes to personal service, as well as the manner in which many tenants are treated. A study published [...]
If you’re considering raising the rent on your rental property, one way to do so is to offer some upgrades that make the home or unit stand out to good quality tenants – and these don’t necessarily have to be costly. For instance, some of the best upgrades to make with your rental property to [...]
Throughout the years, sunny Florida has been known as a haven for seniors and retirees who flock to the area for its year-round temperate climate, as well as the long list of attractions, golf courses, beaches, and other amenities. As the owner of rental property in Florida, seniors can typically be excellent tenants who take [...]
While it might initially seem a bit far-fetched, the rising tension and Russian invasion of Ukraine is already having an impact on the U.S. housing market – which was already in the midst of a bubble – and in turn, it could even signal more potential renters for the home(s) and/or unit(s) that you have [...]
Is It Really Worth the Effort? Living in the Sunshine State definitely has its perks. The year-round warm temperatures are just one of the many enticing features. If you reside or own property in the Central Florida locale, you are apt to come across millions of visitors every year who come for the attractions like [...]
Coming up with what to charge for your rental property(ies) can mean the difference between finding (and securing) tenants right away or scaring off potential renters and having to carry the costs of an empty unit. There are several key factors that should be considered before you nail down an appropriate rent price for an [...]
While many residential rental property owners focus on leasing to tenants, in some cases, there may be a tenant who wants to eventually become an owner. Provided that you have an interest in selling, it is possible to set up a lease to own contract. As long as this is properly executed, there can be [...]
As the owner of residential rental property, how you have your lease agreement set up can be one of the most important components of your entire business. While having a carefully drafted lease may take a bit more time on the front end, it can be well worth it. Certainly, the necessary details in the [...]
With the U.S. stuck in a historically low interest rate environment for well over a dozen years now, it is expected that at some point in the near future, rates will rise. But, while that can be a positive move for bond and CD investors, what could rising interest rates mean for your rental property [...]
It’s hard to believe, but it is time to start thinking about filing taxes again. As an investment property owner in Florida, you may be able to take some significant deductions, which in turn can help you to keep more of your earnings in your pocket, rather than in Uncle Sam’s. With all of the [...]
The Internet can offer multiple advantages to rental real estate investors. Just some of these include the ability to show your vacancies 24/7 (without having to meet every potential tenant in person), as well as allowing applications to be completed and money to be collected for security deposits and monthly rent. In fact, for many [...]
Without raising the monthly rent! Owning residential rental property can provide you with a steady “passive” income source. But while many real estate investors rely on only the monthly rent as their incoming cash flow and profit producer, there are actually a number of other ways to increase your ultimate bottom line. These include bringing [...]
Even though the 2021 holiday season is still barely behind us, spring will be here soon – and that means that tax time is just around the corner. As the owner of residential rental property, you could be eligible for some nice income tax deductions. With the various changes that have taken place since the [...]
If you’re planning to add to your portfolio of Central Florida residential real estate investments in 2022, it is a good idea to first consider the anticipated outlook and trends for the area. That way, you will know better what to anticipate. According to the national real estate brokerage, Redfin, the housing market in Orlando, [...]
If you own residential rental property, then you likely already know that you must wear many “hats.” For instance, you need to advertise vacancies, screen potential tenants, and collect rent (and security deposits). There is also the day-to-day maintenance items, such as making sure that the property is habitable (which can include things like no [...]
Even with the most careful tenant residing in your rental property, at some point items, fixtures, and appliances will have to be repaired or replaced. Sometimes, it can be an easy fix. But in other cases, the cost can add up. So, who’s responsibility is it to pay for these things? The answer is [...]
Finding the right tenants for your rental properties can be difficult. But having an online marketing strategy in place can help to speed up the process, as well as locate potential renters who may be a good fit for your home(s) or unit(s). The good news is that there are some easy and convenient methods [...]
And when it doesn’t have to be returned at all! As an owner of residential rental property in Florida, it’s likely that you charge a security deposit before allowing a tenant to move in. If the tenant(s) abides by the lease, pays their rent on time, and keeps the home or unit in good shape, [...]
Many residential investment property owners allow their tenants to have pets in the home. But while doing so can open up the window of potential renters – as well as provide an opportunity to charge a higher amount of monthly rent - there are also some risks that could come along with doing so. These [...]
Owning rental property can allow you to generate a nice, regular passive income. But if you have to chase after your tenants every month in order to collect the rent, it can put undue pressure on your time and frustration level. The good news is that there are ways to automate the rent collection process [...]
It has often been said that it’s the little things that can make a big difference. This is true in both personal and business relationships – including between you and your tenants if you own residential rental property. The reality is that there can be a lot of competition in terms of where your tenants [...]
Anyone who has ever owned residential rental property has likely either had the “tenant from hell,” or knows somebody who has. Bad tenants can do a lot of damage to your property, which oftentimes requires expensive repairs and/or replacement of broken items. When advertising for a vacancy, it would be great to state a list [...]
Know the Difference Between Being Prequalified and Preapproved for a Loan Regardless of whether you’re buying a primary residence or an investment property, chances are that you’ll need to borrow at least some of the purchase price in order to get the deal done. With today’s low interest rates, this “cheap” money can help to [...]
Depending on how many rental properties you own, you may treat your real estate investing as either a personal “side gig” or as a full-fledged business. But in any case, the way in which you own your rentals could protect you financially, or on the other hand, put you at substantial risk if certain incidents [...]
If you’re thinking about expanding (or starting) a rental property business, now (in 2021) could be a great time to purchase – especially given that current interest rates are still at historically low levels. But what if you have an ample amount of cash available? Does it make sense to do an all-cash transaction and [...]
For centuries, owning investment real estate has been the key to unlocking regular passive income, along with increasing net worth through equity. But, while the concept of being a landlord is simple, it is far from easy. That’s why it is important to follow some proven tips that can help you to increase your odds [...]
If you’ve spent any amount of time in the Sunshine State, you are likely well aware that the Atlantic hurricane season runs from June 1st through the end of November, with the peak being mid-August to early October. For those who own investment property in Florida, this time of year can be particularly daunting, as [...]
Even if owning a home is more affordable for them With mortgage rates continuing to languish at historical lows, millions of renters across the U.S. may be taking a closer look at their housing options – especially as it relates to their monthly payments and the build-up of equity. In fact, according to a recent [...]
Just as many restaurants and other businesses in the U.S. have started to open back up, the “new” COVID-19 Delta variant is picking up steam – leaving many to wonder when or if the pandemic will ever end. With new lockdowns in Asia and Australia, it is likely just a matter of time before [...]
If you’ve ever watched the late-night informercials that talk about buying and profiting from real estate “in your underwear,” it might seem this type of investing is easy and allows you to just sit back and watch the profits flow in. But while investment property can certainly be a great way to receive regular cash [...]
For many people, pets are part of the family. So, by not opening up your residential rental property to pet owners, you could be eliminating a significant percentage of the potential tenant pool. On the other hand, some pets can cause damage to floors and other areas of your investment property. With that in mind, [...]
In 2020, with the COVID-19 pandemic sweeping through the U.S., thousands of jobs were lost, and businesses closed, in turn, impacting the income of millions of people from coast to coast. In order to help ease the financial strain, the Federal Centers for Disease Control and Prevention (CDC) ordered landlords from evicting tenants for non-payment [...]
Which is the better investment? If you’re planning to expand (or start) your real estate investment portfolio, you may be considering whether it makes sense to purchase single family or multi-family units. Both options can provide you with some nice benefits. But not all types of property are right for all residential real estate investors. [...]
Owning investment real estate can require a significant amount of up-front – and ongoing – investment, including a monthly mortgage payment, as well as maintenance and insurance costs. So, the last thing you want is for a tenant to damage or destroy anything in or associated with the property that will cost you both time [...]
The residential rental property business is highly competitive – especially in areas like sunny Central Florida, where people come from far and wide to vacation and oftentimes end up coming back and staying for months or even years. In many cases, it is wise to rent a home before making a long-term commitment to purchase. [...]
Florida can be a great place to own rental property. With the year-round warm weather – along with the myriad of things to do, such as going to the beach and visiting the theme parks – the Sunshine State oftentimes “lures” visitors in and turns tourists into part- or full-time residents. Before purchasing a home, [...]
As inflation pushes the price of goods and services up, it can become more difficult to keep your purchasing power on pace if the amount of income you generate stays the same. For some people, annual raises from an employer can help. But what about investment property owners? In this case, it may be necessary [...]
With so much competition for rental property, you may be considering ways to make yours stand out, as well as offering more “perks” that can allow you to charge a higher amount of monthly rent. One way to do that is to provide added amenities – which can include furniture. A furnished house or apartment [...]
With homes selling so quickly these days – and often above the asking price – you may be considering whether or not to put a For Sale sign on your rental property(ies). But before you do, make sure that you consider the pros and cons. One of the biggest items to think about is how [...]
Investing in residential real estate goes far beyond just purchasing homes and finding tenants to live in them. Being a property investor is a business – regardless of whether you own one unit or hundreds. So, in order to better ensure success, there are some property management tips that you should ideally follow. These include: [...]
The COVID-19 pandemic has been difficult for many types of businesses. But some real estate investors have been hit particularly hard, as rent moratoriums have been in place for more than a year now. In fact, the CDC’s latest order has extended the residential eviction ban until at least June 30, 2021. Through this order, [...]
With the upcoming hurricane season quickly approaching, there are some ways that you can prepare ahead of time to protect your investment property – as well as to protect your tenants. Taking certain types of precautions can save you from having to make costly repairs in the future. It can also prove to your renters [...]
If you own one or more rental properties, it’s possible that you have built up some equity in these investments. So, if you’re looking for a way to finance additional real estate and/or to make some renovations, is taking a home equity loan or line of credit a possible option? The answer is yes… But [...]
As the owner of residential real estate, one of your worst fears is having a unit or property sit empty for an extended length of time. That’s because you are not only losing an income stream, but you may also be paying carrying costs such as the monthly mortgage payment, utilities, and insurance. But in [...]
If you’re a Florida investment property owner and you’re preparing to file your taxes for 2020, it is important to know where you may be able to get some relief in the form of deductions and/or tax credits. Before moving forward, though, you must first consider what type of investor you are. For example, if [...]
One of the biggest reasons that investors purchase rental property is for the ongoing income stream it can provide. Oftentimes, the amount of monthly rent that can be charged is based on the size of the property and the amenities it offers (such as furnishings, laundry facilities, etc.) But location also has a lot [...]
With life expectancy being longer today, it is not uncommon for people to spend 20 or more years in retirement – with much of that time being active and pursuing new opportunities. But if you’re receiving Social Security retirement benefits prior to reaching your “full retirement age,” other income streams could trigger taxes on [...]
If you’re looking for ways to make your rental property stand out – as well as strategies for charging higher monthly rent – you may have considered offering furnished units. But, while doing so could be more enticing for potential tenants, it may or may not necessarily be the best or most cost-effective way to [...]
While much has been said about COVID-19 stimulus relief for individuals and businesses – including a moratorium on evictions and rent payments for tenants - not a lot has come to the forefront regarding investment property owners and their ability (or inability) to pay their own bills. That is, until recently. In the waning [...]
Rental Property Advantages Although the COVID-19 outbreak has caused countless hardships for individuals and businesses, there are actually some industries that are thriving. One of those is the housing market. But, while low mortgage rates are enticing to home purchasers, not everyone is ready to buy. So, if you own residential rental property in [...]
As a rental property owner, it is likely that your goal is for your investment(s) to generate income, as well as to increase in value (and in turn, in equity) over time. With so many changes happening in the U.S. (and around the world) now, how could your property(ies) be impacted – particularly during [...]
A Home warranty can cover some or all of the cost of repairs or replacement on appliances, fixtures, and even major systems like water heaters and HVAC. While these policies can be extremely cost effective for homeowners, though, can they be purchased for rental homes? The Answer Is Yes The answer is a resounding [...]
Safeguarding your rental properties should be a priority at all times. But during the COVID-19 pandemic, it can be particularly important for keeping yourself, as well as your current and potential future tenants out of harm’s way. The good news is that people still need a place to live, even in these challenging times. [...]
In addition to choosing who will get the job of U.S. President for the next four years, the November 2020 election also includes some items of local interest that pertain to Florida property owners. One of these – Amendment 5 – has to do with the state constitution. This amendment to the Florida constitution would [...]
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 [...]
The COVID-19 virus has affected the way we work, shop, and learn - and even the way we live – not just in the U.S., but around the globe. Yet, there are many people who might still be in transition now and require a new place to call home. With that in mind, is [...]
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 [...]
Mold is considered to be one of the top environmental hazards – and if it is left untreated, mold can spread very quickly, leading to physical illness of those who live or work in the direct vicinity. Because mold tends to thrive in warm, damp places, a year-round temperate climate like Florida’s can provide a [...]
If you’ve ever watched the late night informercial “gurus,” at one time or another you have likely run across some that tout how “easy” it is to find and buy property, locate the right tenant(s), and then sit back and let the “passive” income roll in. Yet, while the actual process of owning rental real [...]
Even if your rental property is occupied by the ideal tenant, there may come a time when you want or need to sell your investment. So, how do you go about following the rules without infringing on your tenant’s rights or breaking the lease? The answer to this can depend in large part on the [...]
Depending on how many rental properties you own, collecting rent payments, dealing with repairs, and marketing units to new potential tenants can literally be a full-time job – and it is definitely one where you’re on the clock 24/7 as versus just from 9:00 to 5:00! So, if your real estate investment business is running you [...]