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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…

Living in Florida is a dream for many and for good reason. The Sunshine State is knowing for its great weather, beautiful beaches, and exciting entertainment options. But like any place, there are also some drawbacks. By choosing to live in Florida, one must be ready to accept its pros and cons. If you’re thinking of living in Florida, this post will break down the pros and cons of living in the state. The Pros of Living in Florida There are many advantages of living in Florida. This is apparent by its consistent rise in populations and the st…

Converting your home into a rental property can be an incredibly rewarding endeavor. Basically, it can help you not only diversify your investment portfolio, but also earn passive income for many years to come. That said, a residential home is different from a rental home. To successfully convert a residential home into a rental, there are several things that you must do first. For example, you’ll need to change your insurance policy and get the right permits. In this article by State Property Management, we are going to take a look at 7 thin…

How you price your rental property influences the type of renters you will attract, as well as the amount of rental income you receive. It is no surprise that many landlords struggle to determine just what that rental fee is. While a low rental price will appeal to many tenants, it will limit rental income. Similarly, charging a higher amount to maximize profit may repel quality renters, keeping your units vacant longer. A long-drawn-out vacancy translates to a significant loss of benefits and rental income. So how does an Orlando, Florida land…