• Orlando Property Management Blog

  • So for whatever reason, you've decided that it's time to sell your Florida investment property, or perhaps you're just thinking about it and you're looking for some advice from your Realtor. It doesn't have to be in Florida, it could be anywhere. "Is now a good time?" If I had a penny for every time I got asked that question... Well, like any good attorney would respond, "It depends." But here's my two cents after more than a decade as a Realtor, and as a property manager. The are many reasons to sell (a sellers' market is one of them) but if you have to sell, then you have to sell, [...]

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    Top 20 Management Companies for 2016

    Thank you to Expertise.com for making us a Top 20 property management company! Property management is a tough and competitive business and we appreciate the vote of confidence! Best Property Managers in Orlando2016 //

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    Priority One Property Management Disolves

    A couple of years ago we found ourselves taking on new clients after Simplistic Property Management went bust. Most of these clients were owed large sums of money, which were never recovered, after the principals of the company disappeared and eventually had their real estate licenses revoked. The tenants were similarly impacted as their security deposits were not recovered, leaving the owners responsible for covering those funds. Vendors also found themselves out of pocket.  We now find ourselves in a similar situation, picking up distressed clients from another Orlando property management[...]

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    Fair Housing is the Law - New Screening Guidelines Emerge

    For some time now, it's been suggested that certain corporate housing policies can have a disparate impact on certain (mostly minority) communities - even when not intended. HUD has been working to mitigate this but now, there has been a Supreme court decision which helps clarifies both the issue, as well as expectations when it comes to landlords, property managers and community association managers (CAMs) who are screening applicants and conducting background checks before renting to prospective tenants. After the recent ruling, Landlord/Tenant specialist attorneys Heist Weisse [...]

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    Official: Orlando is the Funnest

    I'm not sure that Orlando takes America's number 1 slot, but these guys thought so. It's true, Orlando has more fun things to do that you can shake a stick at. Which means, fun aside, it's a great place to invest in property. Because as long as the sun keeps shining, and Mikey Mouse keeps smiling, there will always be hoards of people wanting to live and work here. And buy real estate. And rent it. 'Nuff said. You can read the full article and see criteria they used here.

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    &quote;The Rent Is Too Damn High&quote;

    We thought this was fake... but no. Wait, is it Samuel Jackson in disguise? Samuel or not, it's a great introduction to the subject of rent increases. Sometimes they make sense, sometimes not. I had a whole lot to say about rent increases, based on simple math, and the logic of losing a sitting tenant for the sake of a few extra dollars. Then my monthly NARPM property management magazine arrived, and well, somebody else said it all for me. So I'm going to let Antonio Gipson tell you what you need to hear. Download this short common sense piece on rent increases here.

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    Hamptons Condos Gone Wild

    Anyone who has to deal with them on a regular basis, knows that some Orlando condo associations are getting out of control these days. They've gone from letting their communities go to ruin after the real estate crash, to implementing draconian measures to try and reverse the rot. We get it, things need to be kept under control. And the truth is, some do-it-yourself landlords haven't been screening properly, unwittingly allowing felons and the like to gain residency. This has caused condo owners associations to start screening tenants themselves. Unfortunately, this means that many tenants [...]

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    What to Look for in a Property Manager - Part II

    In our previous article, What to Look for in a Property Manager - Part I, we looked at some of the ways investors can compare apples with apples to discover what the true cost of a given property management company is - versus just looking at the stated monthly percentage charge. But that's just one side of the coin. With all services, there is more to consider than price, since the commodity on offer is not always the same. A seat on a plane is a seat on a plane. We all end up at the same destination. Yet when I fly to Europe, I usually fly Virgin Airlines if possible. I pay a little extra [...]

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    What to Look for in a Property Manager - Part I

    Property managers are usually paid by earning a percentage of the gross monthly rent. So at a typical rate of 10% of the rent, a condo that rents for $900 a month, would earn the property manager $90 per month. Simple enough. Or so it seems. One of the first questions I usually get from a prospective Orlando property management client is "How much do you charge?" That's understandable. Nothing wrong with asking. However, basing your final decision solely on the percentage charge would be a mistake, and it could turn out to be an expensive one. That's because even at 10% property managers [...]

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    Orlando Property Management Site Launch

    For some years now, our Orlando real estate division and our Orlando property management division have been sharing the same online space. And so we decided that after some growth, it was time to launch a dedicated property management site. This new site offers a more detailed introduction to our property management division for new investors, and it gives a more streamlined experience for renters. With one click, renters can now submit their rent payments online, and also make maintenance requests by using the hot buttons on the home page. There also many articles for both renters and [...]

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