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When a tenant stops paying rent, it can quickly disrupt your cash flow and create significant stress. The key is to act promptly and follow a clear process that complies with Florida law. Here’s a detailed step-by-step guide to handling non-payment the right way. Step 1: Review the Lease and Grace Period Start with your lease agreement before taking any action. Confirm the rent due date and check whether the lease provides a grace period, which is often three to five days. If the final day falls on a weekend or holiday, rent may be due the ne…

Key Takeaways Rent adjustments face stricter oversight – While Florida does not have statewide rent control, local governments are adding notice requirements and limits on increases, so landlords must review leases and plan renewals carefully. Tenant protections are expanding – Rules around security deposits, late fees, and eviction timelines are tightening, making clear communication and consistent documentation essential. Transparency and sustainability are priorities – Landlords must provide more detailed disclosures, inspection records, an…

Key Takeaways Tenant estoppel certificates verify lease details – They provide written confirmation from tenants on rent, deposits, lease terms, and disputes, protecting landlords, buyers, and lenders. Essential for sales and refinancing – Buyers and lenders rely on estoppel certificates to confirm income stability and ensure smooth property transactions. Preparation is key – Including an estoppel clause in leases and providing clear, accurate details upfront helps avoid delays, disputes, or tenant refusals. Legal and financial protection – Pr…

How to Screen Tenants for Your Rental Property in Orlando Tenant screening is one of the most crucial steps in successfully managing a rental property. Whether you're a new landlord or a seasoned property manager, selecting the right tenant helps protect your investment and prevent future headaches like missed payments or property damage. In a competitive rental market like Orlando, where demand is high and properties often receive multiple applications, having a reliable and consistent screening process can give you a major advantage. At State…

First off, congratulations on buying your first investment property. You're about to embark on a wonderful journey of earning passive income for many years! That said, it's important that you keep an eye on your Florida rental property from time to time. That's because Florida is one of the states with one of the highest prevalence of squatters. Squatters rights exist in Florida and indeed in the rest of the country. As a matter of fact, they can legally claim ownership of your property through an adverse possession claim. An adverse po…