Investing in a rental property is an excellent way to earn some consistent rental income in the short-term and establish long-term returns as your property increases in value and your tenants continue to pay down the mortgage. If you've thought about investing, you need to surround yourself with experts, establish some investment goals, and prepare yourself for the financial undertaking...
Preventative maintenance is something that every Orlando rental property owner needs to prioritize. It's the best way to protect yourself against costly emergency repairs. It preserves the condition and value of your investment. One of the most expensive systems in your rental property is the HVAC system. This is especially true in Orlando, where Florida summers often feel 10 months long....
When you’re planning to invest in an Orlando rental property, you’ll find a lot of the available opportunities are in HOAs or community associations. They’ve become a lot more common, particularly with the new construction neighborhoods that are now selling quickly in and around Orlando. Most people have a love/hate relationship with HOAs. They provide a number of benefits, but they...
As a landlord who is renting out a property in Orlando or anywhere in Florida, you need to understand all the state, local, and federal landlord and tenant laws. The most basic legal requirement you have is to provide a safe and habitable home for your tenants, in exchange for the rent they pay you every month. Legal mistakes are easy...
Trying to navigate the HOA laws in Orlando and throughout Florida can be difficult. They are all different, and depending on your community, you’ll have a different and distinct set of rules, regulations, and ordinances you’ll have to follow. There’s a separate set of laws for mobile home communities, condominiums, short-term vacation homes, and timeshares. Unless you’re an attorney or a...
Most HOA boards want to provide a pleasant and supportive community for themselves and their fellow homeowners. That can get tricky and time-consuming, which is why working with professional Orlando community association managers is often necessary. At Homevest, we have a lot of experience with HOAs and condo associations. We understand the time requirements and headaches that volunteer boards have...
At Homevest, our high-quality Orlando property management services attract a lot of new owners and investors. Some of these clients come from other property management companies, and the most common reason they decide to leave their former management company is lack of communication. This is mystifying to us because we know that proactive and responsive communication is critical to the effective...
Generally, Florida is a fairly landlord-friendly state. However, there are strict protections in place for tenants, particularly during the eviction process. When you need to remove a resident from your Orlando rental property, make sure you understand the process and seek professional help. It’s easy to make a mistake, and even the slightest misstep can force you to start the process...
There are strict rules in place that govern security deposits in Orlando. Landlords need to understand how to collect them, where to hold them, and most importantly – how to return them. If there’s going to be a dispute between tenants and landlords, it will almost certainly be around the security deposit. Typically, tenants always think they should get the full...
Depending on your own personal experience, you may have expectations or assumptions about what you’re responsible for in a rental property and what your tenant will be required to cover. At Homevest, we work with a lot of investors from overseas who live in countries where tenants typically take care of everything, even the maintenance of a furnace or cooling...
