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Best Property Managers in Orlando2016
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[...]
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 [...]
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.
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.
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 [...]
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 [...]
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 [...]
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 [...]
Not to be confused with your property taxes, are your individual income tax returns, payable to the IRS.
Each year we have to submit returns to the U.S. government for any owner making more than $600. In order for us to do this, and in order for you to submit your return, you will need a tax identification number. For those of you in the U.S. this may be your SSN or LLC/INC. number and you probably know what to do.
For overseas owners, unless you are a U.S. citizen you must obtain an ITIN (International Tax Identification Number). Your management company needs to know this number in order to[...]