As a landlord or residential rental property owner, there are many rules you need to follow, such as equal housing, allocation of tenants’ funds, and accessibility – and not abiding by these can end up costing you.
The good news is that there are resources available to you, and you can oftentimes reference what you need to know with just a few mouse clicks or a handy phone app. Some of these helpful information sources include:
- The Institute of Real Estate Management (IREM) – IREM is an international institute for property and asset managers. It was founded over 85 years ago. This organization provides in-depth details on real estate management, from market conditions to tenant management. You can find this resource by visiting https://irem.org
- S. Department of Housing and Urban Development (HUD) – The Department of Housing and Urban Development, or HUD, is a Federal agency that enforces fair housing laws, develops and improves communities, and assists low income individuals and families locate safe and clean housing. The agency also helps apartment owners offer reduced rents for qualified tenants. There is more information at https://www.hud.gov.
- Zillow – Zillow also offers resources and assistance to residential rental property owners. These include tools and services to list and advertise single- and multi-family vacancies, track performance, and keep you updated on your local housing market. Zillow’s website also includes a tool for helping you to price your monthly rent amount. You can obtain more details by going to https://zillow.com/rental-manager/.
While these websites certainly provide a myriad of information, though, “landlording” is still a lot of work. So, if you would rather hand off time-consuming tasks like responding to emergencies, finding tenants, and collecting monthly rent, partnering with a professional property management team can help.
If you own one or more residential rentals in Orlando and/or the surrounding Central Florida area, give us a call and we will be happy to give you more information that could make your life easier.