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 ...
Why Rental Property Walkthroughs are Essential to the Success of Your Investment
Rental property owners, how do you know your tenants are taking care of your investment? Doing due diligence before accepting a new renter doesn’t mean you can just chill and collect the checks after lease signing. Periodic check-ups can help you ensure everything’s copacetic. It might feel awkward to walk around other people’s stuff, but ...
Save Money with Property Management Maintenance
Handling a home repair project on your own vs. hiring a contractor will always save you money, right? Generally speaking, yes. That is, assuming you can accomplish the same task with equal precision and aptitude as a professional and that you have the time. However, when you’re a landlord with one or more properties—or an ...
Are Tenants Responsible for Lawn Care?
If you own investment property in the Orlando area, it’s safe to assume that you want to keep it looking nice. A well-maintained yard adds curb appeal, keeps the neighbors happy, and contributes to the health and wellness of your tenants. But who should bear the responsibility of maintaining this outdoor area: the tenant or ...
How to Minimize Common Rental Management Headaches
Repair costs plague every homeowner. They simply come with the territory. Conducting scheduled maintenance on a real estate property can abate expensive home repairs, but some unforeseen problems are inevitable. Experts at Motley Fool recommend having 1-4 percent of the home’s value available to cover regular maintenance expenses. To further minimize common rental management headaches, ...
Help! My Property Isn’t Show Ready
You have a vacant property. Maybe you just bought the home with the intention to rent it out. Maybe your former tenants moved out recently. Or maybe you plan to turn your home into a rental. It looks a little worn down and isn’t something you’d be proud to post pictures of on a rental ...
Repairs: Required vs. Recommended
At The Realty Medics, we want our owners and tenants to have the most positive leasing experiences possible. Before we show a property to a potential tenant, one of our certified inspectors completes a thorough assessment of the home. After analyzing a rental property, the owner will receive a full report. The report may include ...
Setting the Right Rent is (Almost) Rocket Science
We don’t like to brag—okay, maybe we do a little bit—but the president of The Realty Medics is a real rocket scientist. Many of you already know that President Ben Sencenbaugh actually worked as a former space shuttle engineer for NASA. But did you know property owners who have agreements with his rental and property ...
13 Unlucky Things That Can Happen Without a Property Management Professional
If you’re an owner of a rental property, you want your real estate investment to make money. To some, it may seem like an unnecessary expense to hire a property manager. How hard could it be to collect a rent check every month? Why pay someone to do things you could easily do yourself, right? ...
When Your Vacation Rental is Empty: Turning Guests into Tenants with Long-Term Renting Options
Imagine owning a second house in your favorite vacation destination. What if that property cash-flowed enough rental income to cover the mortgage? Aside from travel expenses, it covers your vacation costs every year. Sign me up! In 2019 alone, this lucrative industry brought in $57 billion for investors. These rentals give owners a number of ...
