From our Sherrif:I hope this email finds you well and that you and your family are staying healthy during these unprecedented times. COVID-19 has altered the course of all of our lives. As our state gradually reopens, it is vital to follow the guidance of federal, state and local agencies to help stop the spread of the virus. Below, you'll find a compilation of some helpful COVID-19 resources: Florida's Confirmed Cases You can track the state's confirmed COVID-19 cases through the Florida Department of Health's Data and Surveillance Dashboard. Click here to [...]
Understandably, Florida property investors have a number of questions regarding rent collection and the ability to deal with their tenants. Below is the letter we recently sent to our owners. The guidance reflects our understanding of the situation at the time of writing as a property management company in Orlando. It does not constitute legal advice. For updates please check with your local court system and seek the advice of a local real estate attorney if you have questions about your landlord rights during this time.
Dear investors: you will know, Orlando's economy is ruled largely by [...]
Are you thinking of selling your Orlando Property Management company? Maybe you don't have a "company" a such; maybe you're an Orlando real estate agent that just manages a small number of units. Maybe you've come to the conclusion that managing homes just isn't for you. And who could blame you.
Many Florida property managers get into property management by default. Perhaps they're Orlando real estate agents and some of their buyers turned out to be investors. The investor's first question after closing was "Hey, will you manage my home for me?" And that's how it begins.
Seemed like a [...]
Owners occasionally tell me that they are thinking about getting a home warranty.
I tell them that's fine if they want to self-manage their condo, but if we are going to manage the condo / town-home / villa for them, then we have our own maintenance crew. If a management company is managing, then a home warranty is redundant. Not only is it redundant, but it can really mess with the ability of the management company to keep operations streamlined. Why? Here's what one property manager has to say about his experience - and it sums up perfectly why most property managers are not home warranty[...]
So for whatever reason, you've decided that it's time to sell your Florida investment property, or perhaps you're just thinking about it and you're looking for some advice from your Realtor. It doesn't have to be in Florida, it could be anywhere.
"Is now a good time?" If I had a penny for every time I got asked that question...
Well, like any good attorney would respond, "It depends." But here's my two cents after more than a decade as a Realtor, and as a property manager.
The are many reasons to sell (a sellers' market is one of them) but if you have to sell, then you have to sell, [...]
Thank you to Expertise.com for making us a Top 20 property management company! Property management is a tough and competitive business and we appreciate the vote of confidence!
Best Property Managers in Orlando2016
A couple of years ago we found ourselves taking on new clients after Simplistic Property Management went bust. Most of these clients were owed large sums of money, which were never recovered, after the principals of the company disappeared and eventually had their real estate licenses revoked. The tenants were similarly impacted as their security deposits were not recovered, leaving the owners responsible for covering those funds. Vendors also found themselves out of pocket.
We now find ourselves in a similar situation, picking up distressed clients from another Orlando property management[...]
For some time now, it's been suggested that certain corporate housing policies can have a disparate impact on certain (mostly minority) communities - even when not intended. HUD has been working to mitigate this but now, there has been a Supreme court decision which helps clarifies both the issue, as well as expectations when it comes to landlords, property managers and community association managers (CAMs) who are screening applicants and conducting background checks before renting to prospective tenants.
After the recent ruling, Landlord/Tenant specialist attorneys Heist Weisse [...]
I'm not sure that Orlando takes America's number 1 slot, but these guys thought so. It's true, Orlando has more fun things to do that you can shake a stick at. Which means, fun aside, it's a great place to invest in property. Because as long as the sun keeps shining, and Mikey Mouse keeps smiling, there will always be hoards of people wanting to live and work here. And buy real estate. And rent it.
'Nuff said. You can read the full article and see criteria they used here.
We thought this was fake... but no. Wait, is it Samuel Jackson in disguise?
Samuel or not, it's a great introduction to the subject of rent increases. Sometimes they make sense, sometimes not.
I had a whole lot to say about rent increases, based on simple math, and the logic of losing a sitting tenant for the sake of a few extra dollars. Then my monthly NARPM property management magazine arrived, and well, somebody else said it all for me. So I'm going to let Antonio Gipson tell you what you need to hear.
Download this short common sense piece on rent increases here.