Secure a Rent Lump Sum: Take Advantage of the Upfront Rent Program
If you’re an investment property owner looking to boost your returns, receiving your rent lump sum can be a game-changer. (No kidding, Captain Obvious!) Even the most prudent property owner finds themself in a jam or facing a once-in-a-lifetime opportunity. Waiting for monthly rent payments to arrive on time won’t cut it. That’s why The …
How to Prepare for a Hurricane
Storm Watches vs. Storm Warnings Anytime severe weather is predicted, stay tuned into Orlando or local media channels for developments. Have plans in place for times when conditions deteriorate. Your safety is the most important consideration. Know the difference between a hurricane watch and a hurricane warning. A hurricane watch means hurricane conditions (sustained winds …
Common Orlando Security Deposit Deductions
Understanding Orlando security deposit deductions is crucial for all tenants. As a tenant, you likely had to pay a security deposit before moving into your rental home. This deposit protects the owner by covering costs if you cause significant damage to the property. But even if you’re not partying like a rock star in the …
What’s Included in Orlando Property Management Services?
Managing a rental property from a distance, especially if you live on the other side of the country, presents significant challenges. Engaging Orlando property management services could be the solution. Property managers handle all the hands-on tasks for you, from screening and accepting tenants, handling leases to overseeing lease agreements and property inspections. Since tasks …
Navigating Central Florida Rental Rates: How to Determine the Right Lease Price for Your Rental Property
Many factors go into determining the right Central Florida rental rates for investment properties. It takes a lot of research, market analysis, and objective assessment. Below, we offer some of the factors we use to help property owners determine the right rental rates for their investments. Comparable Rates Setting the right lease price begins and …
Orlando Move-In Checklists: Why They’re Essential to Complete
You have a lot to do when you move into a new place. Completing a property move-in checklist, especially your Orlando Move-In Checklists, probably just feels like unnecessary busy work. And a lot of tenants just don’t do them or do any documentation of move-in conditions. However, we require all our tenants to complete a …
What is a 1031 Exchange and How Does It Work?
With tax time in the rearview mirror, as a real estate investor, you’re probably looking for ways to combat next year’s tax bill using rental property tax benefits. Did you know that taking advantage of the 1031 Exchange can help you expand your rental property portfolio without being penalized for tapping into the unrealized profits …
Strategy for Orlando Rental Homes: Keep Your Low Interest Rate on Your Primary Mortgage and Buy a New House
When the interest rates on houses soared in 2022/2023, many people stopped thinking about buying new property(s), including investment or primary residences. Now that the market has stabilized, housing costs may not be as prohibitive, but interest rates are still a challenge. However, most people bought a primary residence before the madness, and many refinanced …
Understanding Orlando Lease Renewals: The Process and Your Options
If you love the place you rent, Orlando lease renewals are fairly straightforward. When your lease agreement nears the end of its term, your property manager will send notification on what action steps to stay there longer. But if this is your first rental (or your first time renting through The Realty Medics), we’re here …
Tenant Screening Red Flags: 5 Signs to Watch for
As an Orlando rental property owner, you want to minimize how much effort you put into making it profitable. Arguably, this begins with securing the right tenants. To do that, you need to have a good tenant screening system that identifies who will make the best renters. Knowing some of the potential red flags to …
