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If you own rental property in Orlando—or anywhere in Florida, for that matter—you've probably felt the sting of rising insurance premiums. Since 2020, property insurance costs have skyrocketed, doubling or even tripling in some cases. For many landlords, just finding coverage has been a struggle. But after years of chaos, there are finally signs of hope. In this article, we’ll break down why insurance rates spiked, what the state has done to address the crisis, and what you can do as a landlord to better protect your properties and your bottom …

Key Takeaways Time Savings: Regular upkeep helps prevent emergency repairs, saving you time and minimizing disruptions. Reduced Liabilities: Consistent maintenance ensures a safe living environment, decreasing the risk of accidents and potential legal issues. Cost Efficiency: Addressing minor issues early can prevent them from escalating into expensive repairs, ultimately saving money. Property Value Preservation: Ongoing care maintains and can even enhance your property's market value over time. Improved Tenant Retention: A well-main…

Over the past few years, Orlando's rental market has seen dramatic swings. Booming rental prices, record demand, and now a surprising shift: rental rates are dropping. If you’re a landlord or real estate investor in Central Florida, you’re likely asking the same question many others are: What’s really going on? At State Property Management, we’ve helped countless landlords navigate these market fluctuations. In this blog, we'll break down what’s led to this rental market correction and what it means for Orlando property owners today. The Pand…

You might think that your duties as a landlord are over once a tenant has moved out. But what if you are handed mail addressed to them? Is it okay to throw away the letter or read the contents? Both options should not be taken to avoid facing legal issues. You can forward the letter to the tenant if you have their current address. However, if you don’t have information about their new address, this can be a problem for landlords. This article will guide you on how to manage mail intended for former tenants. It will also offer tips on how to av…

A rental property is one of the smartest investments one can make. If you do your due diligence, it can be an exciting and rewarding experience. That said, just like any other investment type, a real estate investment can prove to be a daunting experience, especially for newbies. Before investing, you need to ensure you have done as much research as possible. From choosing the right location, to charging the right rent, to investing in the right amenities, and everything in between. In this article, State Property Management will provide you 8…