I recently heard a quote: A rental property with a good tenant is an income producing asset, whereby a rental property without a tenant is a liability because it just sits there losing money. I love this quote because it illustrates the importance of your tenant to your rental property, and why it’s important to… [Read More]
When you’re talking to a potential tenant for the first time, there are 5 specific questions that can help you pre-qualify that tenant. There are also some questions you should avoid.
This is a follow up to our earlier blog in which we talked about the top 5 laws every landlord needs to study. That particular blog covered federal laws. Today, we’re state-specific, and we’re discussing the top 3 Florida Laws every landlord needs to study.
There are a lot of landlord laws and regulations that apply when you rent a property, from federal to state to county and even city levels. Today, we’re discussing the top five laws that need your attention. These are all Federal laws. They tend to have the most teeth and the biggest penalties if you… [Read More]
In the last couple of years, about a quarter of all the inquiries to our office have been from move up buyers. A move up buyer is a person who is buying a bigger home or a nicer home, or a home that’s better located. They are trying to decide if they should keep their… [Read More]
There are two scenarios in which you would raise rent. Those are between tenants and with an existing tenant in place. First, think about why you would raise rent. Being a landlord is a for-profit business, and there are many factors that affect your profitability. One of those factors is the amount of rent you… [Read More]