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Most tenants understand the benefits of renters' insurance. For a few dollars a month, tenants can protect their personal property and limit potential legal liability. As a landlord, does requiring renters' insurance help you in any way? Absolutely! Here are six reasons you should insist that every renter picks up an insurance policy before you hand over the keys. 1. Attract Responsible Tenants One of the hardest parts of being a landlord is finding high-quality tenants. You want residents who will pay rent on time, take care of your p…

Are you looking to improve the safety of your Orlando rental property? Keeping your investment property safe is important for you and your tenants. If renters feel unsafe in a property, they might start thinking about moving to a new place. As a rental owner, it's important to invest in security improvements. Make it known to your tenants that security is among your top priorities. This will help you enjoy a lower tenant turnover rate and increase renter satisfaction. In this article, we are going to list the top ways you can keep your prop…

Are you wondering what to do with an evicted tenant’s personal items? Now that your tenant has been evicted, you may have found their personal belongings are still in your property. The only question remains: when are you legally allowed to “evict” their personal items as well? The particular course of action depends on your rental property’s location. In Florida, the laws regarding abandoned personal property are pretty straightforward. In this article, we here at State Property Management are going to cover the basics of dealing with a tenant…

Owning a rental property can be lucrative but has its fair share of responsibilities. One of the key decisions every property owner faces is whether to hire a professional property manager or take on the role of a DIY landlord. Both options have their pros and cons, and choosing the right one depends on various factors. In this article, we'll discuss the advantages and disadvantages of hiring a property manager versus self-managing your rental property to help you make an informed decision. Benefits of Self-Managing Your Rental Property When y…

Key Takeaways Looking beyond the immediate repair bill often leads to better long-term financial decisions for rental properties. Older systems and appliances with recurring repair history are often better candidates for replacement than continued fixes. Tenant experience and property downtime should be considered when evaluating maintenance decisions. Planning ahead for major replacements can help landlords avoid rushed decisions and extended vacancies. Tracking the age and condition of major property components helps owners budget more effe…