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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…

Whether you work for a hotel, bank, or airline, you’ll encounter specific and technical terms. The real estate investment industry also has its own lingo. You want to be familiar with these terms so that when you enter property investment discussions, you can proceed with confidence and avoid getting important points lost in translation. There are some common terms that all new investors should learn. As you become more familiar with the ins and outs of managing rental properties and real estate investing so will your understanding of the prof…