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Are you looking to invest in Orlando, Florida rental properties? Real estate investing is a good way to move forward should you wish to create a source of passive income. Not all real estate markets are equal in terms of investment potential, though. You want to find a place that checks most of the essential boxes such as sustainable rental demand, healthy economy and high quality of life. Orlando fits the bill in many aspects, raising some serious interest from prospective investors. In the following paragraphs, we’ll go over the major factors…

There seems to be a continual debate when it comes to the ideal length of a lease. Some landlords prefer a month-to-month lease, while others choose a minimum of one year. Each has its advantages and drawbacks, depending on the needs of both the tenant and the landlord. If you own a Florida rental property, you're in luck. We here at [State Property Management LLC](State Property Management) have written this article tp help you make a decision of which type of lease is better for you. Definition of a Month-to-month Lease As the name implies, t…

When inspecting your property after a tenant has moved out, you may notice some damage. The damage can either be normal wear and tear or can be excessive rental damage. In this article, we’ll walk you through the two types of rental damage so that you can know what they entail. What is Normal Wear and Tear? Normal wear and tear is the natural deterioration a property undergoes over some time due to aging and regular use. In a rental property, it’s normal to expect certain features to decline in condition as a result of normal usage. For exam…

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…

As a landlord, you’ll likely have to evict a tenant at some point during your career. Multiple reasons may lead to this, like nonpayment of rent or violation of the lease agreement. Florida has an exhaustive eviction process in place and all landlords within the state must follow it and other landlord-tenant laws to successfully legally remove a tenant from their premises. The first step in the eviction process begins with serving an eviction notice. Eviction notices simply tell the tenant what they have done wrong and what they must do withi…