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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…

A common question that property owners ask themselves is – Should I rent my Orlando rental property furnished or unfurnished? This is usually based on personal preference and whether or not you plan to rent out your property long-term or more for short-term rentals. Orlando is a very touristic area, which is known for renting more short-term due to visitors only wanting to stay for a few nights up to a couple of weeks. Many property owners believe that they can make more money if they rent out their properties short-term because of the higher r…

Have you ever noticed how some landlords in Orlando, Florida have few vacancies and always seem to be at full capacity? Every landlord’s worst nightmare is a high vacancy and turnover rate. Both can cost you your income. For this reason, it is advisable that once you have found your ideal tenant, it is in your best interest to try and keep them long-term. Keeping them happy and maintaining good relationships is an important part of the rental property business. Tenants are always searching for a property that fits their needs and lifestyle. Wit…