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.
While most states have similar rules that pertain to what landlords can and cannot do, there are some differences, depending on where your property(ies) is located. With that in mind, the Florida Department of Agriculture and Consumer Services can provide a primer on Landlord/Tenant Law in Florida.
- Just some of the information that this website covers includes:
- Oral and Written Rental Agreements
- Deposit and Rent Requirements
- Responsibilities of the Landlord and the Tenant (which can depend on the type of property – single family or apartment – you own
- Possible remedies if either of the parties does not comply
HUD is another vital resource for rental property owners. The Department of Housing and Urban Development website offers a long list of tips for landlords in all 50 states, including Florida. You can find this information by going to: https://www.hud.gov/states/florida/renting/tenantrights
Even with the online resources, keeping up to date on new laws and other regulations that pertain to rental property owners in Florida can be a time-consuming task. But it doesn’t necessarily have to be – that is, if you turn over the management and maintenance of your investment(s) to a professional and experienced property manager.
A property management team can ensure that your investment(s) are running smoothly in terms of advertising for and screening potential tenants, as well as collecting rent, keeping up with regular ongoing maintenance, responding to emergencies, and even going through the eviction process if necessary.
So, if you own rental real estate in Orlando and/or the surrounding Central Florida locale, give us a call to see how we can make your life easier – while still collecting a regular passive income.