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residential property management: 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)
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residential property management: 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)
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residential property management: 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.
Screening
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)
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residential property management: 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)
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residential property management: 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)
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residential property management: How to Get Your Full Security Deposit Back: Tips from an Orlando Property Manager
- 08/29/16 05:37 AM
Security deposit disputes are the most common source of contention between landlords and tenants at the end of a lease term. It’s important that tenants understand everything that is expected of them before they move out in order to get the full amount of their security deposit back.
Cleaning and Property Removal
Remove all your personal property from the rental home before your move out date. You will receive instructions on what to do with your keys, remotes, garage door openers, key cards and other security features. Make sure the property is clean and in the … (0 comments)
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residential property management: Ready to Buy a House in Orlando? 3 Things You Need to Know
- 08/29/16 05:33 AM
Buying a home in Orlando is a valuable investment, and the market is in an ideal position to make the dream of homeownership a real possibility for many people. Before you sign on the dotted line, there are some considerations you’ll need to remember when you’re transitioning from a tenant who has rented in Orlando to a homeowner who is completely responsible for the property and its condition.
Mortgages and Financing
The first step in buying a property is to figure out how you’re going to pay for it. Unless you have a large amount of cash … (1 comments)
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residential property management: How to Get the Best Tenants – Orlando Property Management Advice
- 08/29/16 05:25 AM
Attracting good tenants for your rental property is not as complicated as you may think. As long as you follow a few basic tips, you will successfully find and place responsible tenants who pay rent on time and take good care of your property.
Property Condition First impressions are critical, so make sure you leave your prospective tenants with a great first impression. It can be the difference between securing the ideal tenant and suffering through a long vacancy without any rental income. Make sure the home is professionally cleaned and has good curb appeal. Take a look at … (1 comments)
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residential property management: FREE Rental Analysis - Orlando Property Management Advice
- 08/29/16 05:21 AM
-Requesting a Free Rental Analysis-
A Free Rental Analysis is a good first step in understanding the rental market. Although for planning purposes it may give you some indication of what your property may rent for if it were to go on the market today, there are many additional factors that determine a home's rental value, such as its condition, floor plan, special features, community amenities and so on.
When you decide to put your home on the rental market, a Legends Realty’s team member would be happy to meet with you to view your home personally. Additionally, … (1 comments)
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residential property management: Should I allow pets in my Orlando Rental Property? Advice
- 08/09/16 06:09 AM
Deciding whether or not to allow pets can be a difficult decision for rental property owners. Many people love animals and a large part of the tenant population has at least one pet. However, landlords and investors are often hesitant because they fear the potential pet damage and mess that can occur.
Pets and Marketing
If you decide that you do not want to allow pets in your property, you need to make that part of your advertising and marketing strategy. You don’t want to confuse potential tenants who might have pets. Be clear that you won’t allow animals … (1 comments)
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