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Many Orlando landlords question the need to enlist the services of property management companies. To them, hiring a manager may seem like an unnecessary cost. However, engaging the services of a professional real estate manager has many financial, social, aesthetic as well as health benefits, which more than justifies the cost. We’ll discuss some of the advantages of contracting an Orlando property management company. Benefits of working with a rental manager: 1) Helps free up your time When you decide to hire an Orlando property manager, essen…

As a landlord, you'll be exposed to different types of tenants. Some are reticent and passive individuals, while others are more expressive and dominant. One of the latter may approach you and request to change the paint color of your unit. Before agreeing readily, it will pay off to first weigh the risks and benefits of permitting your tenant to paint your rental property. This decision can lead to several changes, so it's worth your while to go over the possible scenarios. Conditions in the Leasing Agreement Firstly, take note of the …

Are you looking to invest in a rental property? If so, have you given any thought about the renovation or building process that will give you a property to guarantee it provides a great return and consistent occupancy? When renovating or building a property with the intent to use it as a rental, one has to approach the process from an angle that is different than it would be for owner occupied properties. Understanding the Different Types of Rental Properties There are different types of rentals. In the real estate industry, they make a distinc…

Every landlord dreams of having high-quality renters who will pay rent promptly and take good care of the property. Luckily for Orlando property owners, it is possible to get such tenants by making your rental units attractive and putting in place thorough tenant screening procedures. Once you find quality residents, it’s important that you continuously treat them well, to keep them from becoming problematic. Here are practical tips to ensure a smooth relationship between you and your tenants. Set clear rules early A primary source of conflict …

Every home has its own unique personality. Additionally, homes often are not perfect. It is important for either the buyer or seller to have a professional home inspection completed prior to buying or selling a home. Many of the common issues found when performing a home inspection can decrease the value of the home you are considering or impact the asking price. “That is why, as a Realtor, I make my customers fully aware of the importance of getting a home inspection,” states Central Florida real estate agent Fred Franks. In this article, we w…