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Investments aren’t created equal. They all come with different levels of commitment, risks, and outcomes. The right investment will ensure you grow your income over time. But perhaps the million-dollar question is – what kind of investment is right for you? Stocks and real estate investments are arguably the most common investment options. If you came here because you are facing a dilemma in which option to choose, this article is for you. In this piece by State Property Management, we’ll walk you through 5 reasons you should invest in real es…

There are many decisions to make when owning property. From what type of tenants you want, how much maintenance is required, and even if it's in a location that suits your needs. One of the most crucial decisions you’ll make is whether or not a property management firm will benefit you and your rental property business. Self-management or hiring a property management company each comes with unique advantages and disadvantages. Therefore you should carefully consider your options before making any final choices as they could make or break your …

Are you worried about how water damage can impact your property? Water damage is flagged as a serious problem facing various property types and for a long time has been a point of concern for property managers and property users. Just one inch of water damage can destroy flooring, furniture, drywall, and carpeting. An average household leak in the United States can result in a loss of more than 10,000 gallons and in increased and unplanned expenses. If you want to learn how to spot sign of water damage and prevent it altogether, keep on readi…

In property management, there are many valuable tasks that you will need to do regularly. As a landlord, you are responsible for the property, ensuring it is habitable and safe. Checking the property for regular wear and tear is a way to avoid any further damage from occurring - such as bad plumbing and pipe bursts. On the other hand, tenants are responsible for damages due to their actions. Such issues may be a toilet or bathtub overflowing due to clogging, all of which the tenant could have prevented. Tenants are allowed to repair the damage …

Savvy landlords are always careful when it comes to considering the type of tenants to rent to. They carry out extensive interviews and rent to tenants based on the outcome of their thorough screening process. Sadly, the same level of scrutiny doesn’t apply to tenants’ guests. That’s why it is important to have rules in place to help answer the question “when does a guest become a tenant?” This post will seek to answer that question and provide you with some tips on how to protect yourself and your Florida investment property if a guest overs…