Is a Home Warranty Worth It on a Rental Property?
As the owner of rental property, you have undoubtedly received at least one call from a tenant regarding repairs that are needed on appliances and / or systems like the HVAC or water heater. These types of calls will typically lead to some out-of-pocket expenses for...
3 Time-Saving (and Headache Relieving) Property Management Tips
While owning rental property can certainly be a great method of securing a regular passive income, being a landlord can require a great deal of time and effort, along with some frustration and headaches. It could also cause you to become distracted at any time of day...
Turning Your Residence Into an Income Producing Rental Property
If you’re in the process of moving to a new home, it is possible that you’ve considered hanging on to your present property and turning it into an income producing rental property as versus selling it. While this can in fact be a wise financial decision, there are...
Tax Laws and Rental Property Owners
Owning and managing rental real estate can be a lot of work. It can also require many out-of-pocket expenses, such as a monthly mortgage, maintenance costs, and property management fees. But even so, the regular income – plus a number of favorable tax advantages...
Are You and Your Florida Rental Properties in Compliance with the Fair Housing Act?
While there is a long list of responsibilities to comply with as a landlord, none are more important than working within the rules set forth by the U.S. Fair Housing Act. This Act protects people from being discriminated against when they are renting or purchasing a...
3 Things to Consider Before Becoming a Florida Landlord in 2019
With the year 2019 now in full swing, there are many people who are starting to move ahead with their New Year’s resolutions – and a majority of these will typically have to do with financial matters. If one of the key items on your financial to-do list includes...
Florida Tenant Screening Procedures – Are You Following the Rules?
Before handing over the keys to your rental property, screening potential tenants is an absolute must. But when doing so, it is also essential that you follow the proper steps in terms of what is permitted, and what is not. While the state of Florida does not have set...
Rental Property, Gifts, and Taxes
As the 2018 holiday season is now officially in progress, you may be considering whether or not you will provide your tenants with a small (or even a large) gift or other token of your appreciation for their business. Doing so can actually bring about a number of nice...