Property Management Blog

Essential Tips for First-Time Landlords in Orlando, Florida

How do you price your rental property as a first-time landlord in Orlando, Florida? You want to set a price that not only attracts potential tenants but also makes you profits. According to statista.com, renters in the United States occupied about 45 million units in 2023.A renta...

The Importance of Property Inspections: Ensuring Compliance and Maintenance in Orlando, Florida

Ignoring inspections can cost landlords big -- literally. Some landlords faced penalties exceeding $1,000 per day or sometimes even $5,000. It's a sobering reminder that staying compliant is a bureaucratic headache, but more so, a financial lifeline.But compliance isn't j...

Mastering Lease Negotiations: Tips for Achieving Favorable Terms

As Ludwig Erhard once said, compromise is a lot like dividing a cake. When you do it well, everyone will think they have the biggest piece.This principle applies to lease negotiations as well. To keep both parties happy, you'll need to find a compromise on a variety of terms,...

Real Estate Asset Management Best Practices That Put Money In Your Pocket

Effective real estate asset management is key to maximizing the returns on your properties. Through a combination of strategic planning, smart budgeting, and continuous performance evaluation, asset management can help you enhance your property's value and profitability.Here ...

Pros and Cons of Allowing Pets in Your Orlando Rental Property

For most American pet owners, pets are considered family members. This mindset is important for landlords to consider when deciding whether to allow pets in their rental property. Allowing pets can make your Orlando rental property more appealing to renters who view pet-friendlin...

How to Get Tenants to Renew Leases in Orlando, FL

Rents have skyrocketed over the past two decades, and Orlando is no exception. In fact, households earning $75,000 or more have seen a 27% increase in their median rent since 2001, now paying around $1,800 a month according to the Harvard Joint Center for Housing Studies.In a mar...

Tips to Attract Tenants in a Tough Orlando, FL Market

Orlando ranks in the top 10 most competitive rental markets, with apartments staying vacant for an average of 32 days before being rented, as reported by Central Florida Public Media. As renters are facing intense competition for available properties, landlords have a prime oppor...

3 Common Mistakes Orlando Landlords Make With Security Deposits

Landlord-tenant conflict isn't uncommon, and security deposits are a major cause of these conflicts. Florida's landlord-tenant laws allow you to charge a security deposit upfront. It protects you from financial losses if the renter causes damage to the property, and for r...

3 Rental Property Accounting Mistakes to Avoid in Orlandlo, FL

You've done your Orlando market research and invested in a rental property. Now it's time to sit back and watch the passive rental income stream in.What could go wrong?Landlords face many challenges, and managing finances is one of the major ones. Proper rental property a...

How Often Should a Landlord Inspect Rental Property in Orlando, FL?

You walk into your rental property after months without a check-up, only to find a burst pipe flooding the basement, mold creeping up the walls from unchecked leaks, and a small crack in the foundation silently growing into a structural nightmare. These are not just costly mishap...