centralflrentalscom: Should You Rent or Sell Your Orlando Home? Landlord Advice - 08/29/16 06:05 AM

We talk to a lot of property owners who are not sure whether they should sell their Orlando property or hold onto it and rent it out. This is a personal decision that depends on your particular situation. However, if you need help deciding what to do with your house, we have a few things that you should consider. Being a LandlordThe first question you’ll need to ask yourself is whether you’re ready to be a landlord. This is a full time job, and there’s a lot more involved than just collecting rent every month. If you don’t … (1 comments)

centralflrentalscom: Set the Best Rental Price on Your Orlando Home like a Professional Property Manager - 08/29/16 06:01 AM

Today, we are talking about how to set the best price on your rental home. A lot of landlords think that they can list their home at whatever price they desire, based on their mortgage payment or what kind of rental income they want to achieve. However, it’s not the property owner or the professional property manager that dictates the price of a home. It’s the rental market. You have to price your home according to the market; otherwise no one will be willing to rent it. Comparable PropertiesThe best way to get a feel for the market is … (0 comments)

centralflrentalscom: 6 Most Effective Ways to Get Your Home Rented Fast - Orlando Property Management Advice - 08/29/16 05:56 AM

Vacancies cost landlords money. Every day that your rental property is vacant is a day that you aren’t earning rental income. Therefore, it’s important to keep good tenants in your property, and it’s also important to get that home rented quickly when a tenant moves out. Here are the six most effective ways to make that happen. Good PricingWhen you have the right rental price, you’ll get a lot of interest from well-qualified tenants. An overpriced home will stay vacant on the market, or you’ll get applicants who are desperate for housing because they’re about to be evicted … (0 comments)

centralflrentalscom: What’s Better for my Orlando Property: Short or Long Term Leases? Property Management Advice - 08/29/16 05:53 AM

Today at Legends Realty, we will be talking about short and long term leases. Rental properties fall into two categories – long term rentals and short term rentals. When you rent your home out for the long term, you know you’ll have the same tenants in place for an extended period of time; usually at least a year. Both the landlord and the tenants sign a lease, or a rental contract that stipulates the length of time for that long term tenancy. With a short term rental, you’ll also have a contract in place with the renter, but it … (0 comments)

centralflrentalscom: How to Prevent Tenants from Damaging Your Rental Property - Orlando Property Management Advice - 08/29/16 05:49 AM

One of the biggest concerns for landlords is that a tenant will damage the property. This is understandable, and you don’t want to be cleaning up messes and making large repairs between tenants. There are a few things you can do to prevent costly tenant damage.
A thorough screening process is necessary to find a renter who will take good care of your property. Make sure you talk to previous landlords and find out how the property was left when the tenant was living there. Ask about whether the tenant had pets and if they … (1 comments)

centralflrentalscom: Emergency Preparedness on Your Orlando Rental Property - 08/29/16 05:44 AM

In Central Florida, weather emergencies are always a possibility. Rain and wind storms are frequent and even though we aren’t on the coast, hurricanes and tropical storms can often cause flooding and a lot of other damage in and around Orlando. It’s important to prepare your rental property for potential emergencies.
Communication Plans
Make sure you know all the agencies that you might need to contact, and how to get in touch with them. Emergency numbers you should have include FEMA, the Red Cross, local utility companies as well as law enforcement agencies. You’ll also need … (3 comments)

centralflrentalscom: Household Mold Remediation in Orlando – Professional Property Management Advice - 08/29/16 05:39 AM

Mold can be very dangerous to your investment property as well as any tenants you have living in it. It’s a problem that develops when moisture builds up inside the house. This is often the result of windows that aren’t insulated well. These four tips will help you take care of any mold issues you might have at your rental property.
Act Quickly
It’s important to be proactive, especially if your tenants come to you with concerns that there might be mold in the home. You don’t want to assume that the problem is in fact … (2 comments)

centralflrentalscom: Should I Furnish My Orlando Rental Property? Landlord Advice - 07/25/16 04:23 AM

Landlords often ask if they should furnish their rental property in order to increase the rent they can charge and make their homes more appealing to potential tenants. In traditional long term rental properties, this isn’t a good idea. You should only furnish your property if you are renting it out as a vacation rental, an executive rental or student accommodations.
Caring for the Furniture  
One reason that furnished rentals don’t work well for long term tenants is that people are never going to take care of your possessions the way that you would. Scratches, dents and stains … (1 comments)

centralflrentalscom: Orlando Real Estate Investing Basics: Detach Yourself from Your Property - 07/22/16 05:09 AM

In the past, landlords were able to successfully manage their own properties by knocking on doors to collect rent in cash and handling repairs on their own. However, the industry has changed dramatically. In order to invest in rental property and protect your asset, you need to treat it as a business. Property investments can effectively help you build your wealth and income security, but you must detach yourself emotionally from the property. 
Keep Your Tenant Relationships Distant and Professional Communicating with your tenants is important, and you want to be respectful of the people renting your home, but … (0 comments)

Tina Lopez (Legends Realty)

Tina Lopez

Lake Mary, FL

More about me…

Legends Realty

Address: 290 Waymont Ct., suite 100, Lake Mary, FL, 32746

Office: 407-333-1010




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