Buying (More) Rental Property in Florida? Take a Look at These Florida Housing Trends First
Being a long distance landlord can definitely come with some challenges. But if you own property in one of the top housing markets in the U.S. – which includes a number of desirable Florida cities – all of that work can be worthwhile.
Common But Costly Mistakes Made by Long Distance Landlords
If you own rental property, your investment could provide you with a nice steam of incoming cash flow. But it could also end up costing you a substantial amount of money – especially if you make one or more of the mistakes that are oftentimes made by long distance landlords.
Who’s Keeping an Eye on Your Investment Property?
Owning investment property (real estate) can be a great way to provide yourself with an additional stream of income, as well as to grow equity without using your own cash. But if you own property that is hundreds – or possibly even thousands – of miles away from where you reside, it can be difficult at best to know whether or not the tenants are abiding by the terms of the lease.
What to Expect from a Property Management Company
If you own rental property and you are considering the addition of a property management company to operate your investment(s), then it is important to first have a good understanding of what you can anticipate. This is particularly the case if you don’t reside in the local area and you are choosing the management firm based solely on its reputation.
How Much is Your Naples / Fort Myers Rental Property Worth?
If you’ve owned investment property in the Naples / Fort Myers, Florida, area, then you may be wondering which way the real estate market is headed, as well as how much your property (or properties) is worth.
Should Your 2019 To Do List Include Securing Landlord Insurance?
Regardless of whether you own one investment property or hundreds of rental units, ensuring that you – and your investments – are properly covered in case of a loss is a necessity. While you may have home owner’s coverage, though, this won’t necessarily provide you with all of the protection that you may need. That’s why it’s essential that you consider landlord insurance.
How to Run Your Rental Properties without Actually Having to Personally Run Your Rental Properties
Making sure that your rental properties are running smoothly can be a time-consuming task. This is particularly the case if you do not live in the local area. In fact, long-distance landlords can oftentimes have an added layer of stress, without the ability to regularly check on investments or communicate with tenants.
Are You Following the Rules on Security Deposits for Rental Property in Florida?
As a rental property owner, it typically goes without saying that having a security deposit can at the very least help to pay for damages that are incurred at the hand of your tenants. But, when it comes to collecting a security deposit on your rental unit(s) in Florida, are you following the right protocol?
The Many Advantages of Having Short-Term Tenants
As the owner of rental property – and particularly as a long-distance landlord – locking in your tenants for one year, two years, or longer can provide you with a number of advantages…starting with the fact that you won’t have to spend more time marketing for and screening potential residents.Read More
Taking Advantage of Allowable Tax Deductions for Long Distance Landlords
As a long distance landlord, it is likely that your expenses really add up each year. In addition to the cost of a mortgage on your properties (if applicable), you may also spend a considerable amount getting to and from your investments on a regular basis.