Friday, January 18, 2019 / by Harvey Rosenberg
You've decided a rental property is a good investment. Now, how do you make sure that investment is protected?
Finding the best renter for your rental property can be challenging if you don't know where to look. Additionally, you have to ensure you're not discriminating.
The following are four suggestions for finding the best tenant for your investment.
Know Where to Look
Starting off, you may not know how to find people who are interested in renting.
Putting an ad in the paper or on Craigslist may seem like the fast and easy route, but you could be inundated with spam and unqualified requests.
Do you have other rental properties? Ask your current renters if they know anyone who may be interested. Incent them by giving a referral bonus.
Additionally, ask around the home's neighborhood. These neighbors certainly would want to help pick who will be living near them if they can!
Once you have interest ...
Friday, January 11, 2019 / by Harvey Rosenberg
Depending on what types of trees you have in your yard, we do have a "Fall" in Florida. Now seems to be the time when some trees shed their leaves. Proper landscaping in a Florida winter can keep your yard healthy and curb appeal higher.
It's colder and more pleasant this time of year, but our trees and grass may need more attention as well. Keeping a healthy landscape requires different tactics than what we use in the Florida heat. Here are some ideas for keeping your building landscape fresh.
Aerating grassy areas and adding fertilizer. Aerating the soil helps to improve water drainage during autumn rains, also helping water and nutrients to reach the plant roots. The strategic addition of fertilizer can also help the grass more easily survive the winter and start growing earlier in the springtime.
It's drier this time of year as well. Water restrictions may be in effect in your area. Water in the early morning or early evening to avoid evaporating during the day ...
Friday, January 4, 2019 / by Harvey Rosenberg
Do you know when to call your building or property manager? Can you tell what constitutes an emergency and what can wait?
A good guideline to follow is that if the issue will cause immediate further damage, then it's an emergency. If not, it's a maintenance request.
Here are some examples to help clarify.
If the renter notices a continual water leak but can't stop the issue, it's considered an emergency. However, if the but the issue has stopped and only water damage repair remains, this would a maintenance request.
Especially during rainy months in Florida, there isn't much your property manager can do until the rain stops. Call or email management, but understand a fix may be delayed until the rain ceases. In that case, use buckets or towels to collect the rain and avoid further damage.
It's August and the Air Conditioning unit has failed. And while it's uncomfortable, this is gener ...
Friday, December 7, 2018 / by Harvey Rosenberg
We have a lot of beautiful townhomes and condos in the Clermont area, with more in construction. Many condos are also available in the Orlando area if you are looking to be closer to work. Deciding if a condo or a townhome is right from you comes down the differences in each type of property. The main differences come down to structure, common areas and amenities the homeowners association.
Structure of Townhomes vs. Condos
A condominium, or condo, is typically an apartment-style home within a larger building. Most often they are one level (no stairs or multi-levels within the condo.) The owners access their homes through a shared entry and hallway with other condo owners. While there are not many condos in Lake County, you do see these in the downtown Orlando area.
A townhome, or townhouse, is typically a row of connected, multi-level units. Townhouses often look like rows of houses sharing the side walls. Entry is through your own front do ...
Friday, November 30, 2018 / by Harvey Rosenberg
While every property management company is different in what they offer, there are some key responsibilities that every property manager and property management company should have in order to manage your rental successfully.
Financial & Marketing
The primary responsibility of a property manager is handling the finances. This means accepting the rent from the renter and distributing that to the owner. Financial responsibilities also include setting the appropriate rental rate to maximize profit, while not leaning a property empty with too high prices.
Financial can go beyond this to include assisting the owner with income tax, maintenance costs, and marketing strategies. If this is an important aspect to you as the landlord, make sure it's in your property management agreement.
The primary goal landlords hire a property management company is to manage the tenants. This goes beyond getting the rental occupied, though that s ...