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While owning rental property can be a great way to supplement your income, one of the biggest barriers for many investors (and potential investors) is the actual purchase – particularly as it relates to financing the deal through a traditional bank or lender. That’s because getting a mortgage for rental property can come with a [...]

The post Financing the Purchase of a Rental Property appeared first on Central Florida Property Management - Orlando Property Management Company.

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One of the last things that an investment property owner wants is an empty unit that isn’t producing any incoming cash flow. That’s because, every day that goes by, revenue is being lost. So, how can you make your rental property stand out and be more attractive so that potential tenants not only notice it, but [...]

The post How to Make Your Rental Property More Attractive to Potential Tenants appeared first on Central Florida Property Management - Orlando Property Management Company.

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If you own rental property(ies), your first priority is typically ensuring that your unit(s) are leased so that they are producing an ongoing income stream. Otherwise, you could soon be in the red. But just simply attracting any tenant could oftentimes end up doing more harm than good – particularly if they don’t pay their [...]

The post How to Market Your Rental Property to Find Tenants Fast appeared first on Central Florida Property Management - Orlando Property Management Company.

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For many people, pets are a key member of the family. So, when you’re considering tenants for your rental property(ies), how is the best way to handle having Fido or Fluffy in the mix? Actually, there can be both benefits and drawbacks to consider when renting to people who have pets. But typically, tenants will [...]

The post Pros and Cons of Renting to Tenants with Pets appeared first on Central Florida Property Management - Orlando Property Management Company.

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If you’ve owned rental property for any length of time, then it’s likely that you’ve received at least one call from a tenant, informing you that the air conditioner is on the fritz, the dryer is only blowing cold air, and / or the refrigerator isn’t keeping food cold. While these types of calls can be [...]

The post Repair or Replace? What to Do When Things Go Wrong in Your Rental Property appeared first on Central Florida Property Management - Orlando Property Management Company.

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As another hurricane season is upon us in Central Florida, it’s time to think about how to prepare your Orlando rental properties, both physically and financially, to best minimize damage. During this time, which officially begins on June 1st and ends on November 30th, the formation of tropical cyclones in the Northern Hemisphere is more [...]

The post What to Expect During the 2019 Hurricane Season in Central Florida appeared first on Central Florida Property Management - Orlando Property Management Company.

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One of the worst situations that a real estate investor can have is paying expenses on an empty unit, without receiving any incoming cash flow. So, getting the word out to potential tenants can be crucial for generating income from the rental property. While there are a number of ways to advertise available rental property, [...]

The post 3 Tips for Advertising Your Orlando Rental Property Effectively appeared first on Central Florida Property Management - Orlando Property Management Company.

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If you own rental property in Florida, then under state law, you are required to return your tenant’s security deposit within 15 to 60 days after the tenant has moved out of the unit. Vacating the property includes physically moving out, as well as returning the keys. If there are certain repairs required that are [...]

The post When to Return Your Tenant’s Security Deposit – And When Not To appeared first on Central Florida Property Management - Orlando Property Management Company.

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While the 2018 tax season may be behind us now, for most people, taxes are a “necessary evil” that need to be faced all year round. This can be particularly true for those who own rental property and have rental income and various tax-deductible expenses. And, with the new tax laws now in place, it [...]

The post How is Rental Income Taxed in 2019? appeared first on Central Florida Property Management - Orlando Property Management Company.

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If you’re considering the purchase of Florida rental property (or, if you already own investment real estate in the Sunshine State and you’re planning to secure more), knowing which areas to focus on could make the difference between bringing in a regular passive income and being on a constant hunt to fill vacancies. According to [...]

The post Best Florida Cities to Own Rental Property appeared first on Central Florida Property Management - Orlando Property Management Company.

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