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Finding “The One”: Here Are 10 Questions to Ask a Potential Property Manager

  Do you want to make money off a rental property without having to get your hands dirty while doing it? Consider hiring a property manager to look after your rental. Your property manager can handle everything from marketing your property to making repairs. But before you hire someone to look after your rental property, there are certain questions to ask a property manager that will let you know whether or not they're cut out for the job. Here are 10 questions you should al...

A Hands-Off Landowner: Earning Passive Income with Your Property

You may own residential properties that are in good quality and unused, but the thought of renting it out and becoming a landowner might seem to be more trouble than the money you’ll earn. Apart from screening tenants, you’ll be in charge of keeping the home safe for occupation, collecting rent, and handling complaints about your tenant from other neighbors. Property management, however, takes away all those troubles and provides you with passive income from renting your property. All ...

Tips for Renting Your Home in the Summer

Even though the weather isn’t exactly conducive for moving, summer is the high season in Florida for pulling up stakes and finding a new home. Families want their kids to finish school years in familiar surroundings and employers offer new jobs in the spring and summer. If you’re actively selling or leasing a home during this period, summertime is a double-edged sword. Half the people who move each year do so in the summer, but it’s also the time of year when they have the most for-sale ...

Is Your Rental Home Ready for Winter?

Even if you own property in the South (where it sometimes seems like winter is the shortest season), it still takes some preparation to get your rental home ready for winter and cooler weather. The furnace and plumbing require attention, and the cooler weather is the perfect time to get caught up on home and yard maintenance. Is Your Rental Home Ready for Winter? The HVAC System Schedule routine maintenance for the home’s HVAC system. It will run more efficiently, have fewer breakdowns and us...

How Much to Ask for Security Deposit

Security deposits protect property owners from some, and sometimes all, the financial risks they take when renting or leasing a home. Deposits are a given when renting and can be spread out over a few months or collected before the tenant takes possession of the property. Nearly half the states in the U.S. have restrictions on how much landlords can charge for security deposits. Florida is not among them, and the city of Jacksonville has no restrictions on what you can charge. So, how do you d...

How Much Should You Charge for Rent?

Establishing the rental rates for investment properties impacts its overall profitability. The importance of the exercise dictates a careful approach because setting the rates too low leaves money on the table, while rates too high could reduce the pool of likely tenants and slow absorptions. A real estate agency that specializes in property management can help you determine how much to charge for rent based on pricing exercises and analyses. They have access to the proprietary real estate dat...

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