Orlando does not have any rent control, and unless something dramatic and unexpected happens, the city cannot pass a rent control bill anytime soon. That’s because a state law in Florida prohibits municipalities and cities from implementing any limits on what landlords can charge their tenants in rent. This is one of the reasons so many out-of-state investors choose to acquire...
As Orlando property managers, we get excited about the opportunities a 1031 exchange can provide for the investors we work with. If you want to defer taxes on the sale of an income-producing property, a 1031 Exchange can be one of the best ways to do that. You get to defer taxes and increase the value and...
Residential rental properties in Orlando almost always make good investments. But, when you really want to measure your potential for profit, you have to be strategic in the opportunities you choose to pursue. Investment properties can be financially rewarding when you choose wisely. Surround yourself with local experts, especially if you’re investing for the first time. Here are the most important...
Renting out a short term vacation home might seem ideal. This is Orlando, after all, and tourists swarm into the city all year long, visiting theme parks and other local attractions. Don’t rush into an Airbnb listing just yet. You actually have to make sure your property is zoned to be a vacation home, and many owners quickly find out that...
The Orlando real estate market is pretty hot right now, and we expect it will stay that way. With interest rates still historically low and more demand than supply, it’s a great time to be selling a home in Orlando. It’s also a great time to invest in a property, especially if you want to rent that property...
As an Orlando investor, your investment goals are going to drive every decision you make. When it comes to buying and selling, making upgrades and improvements, or taking advantage of tax benefits and programs, you’re going to make decisions based on your unique investment goals. For some property owners, earning as much cash as possible...
Experienced real estate investors with large and growing portfolios are successful for a number of reasons. They know how to identify opportunities and they surround themselves with expert partners. They also understand that this is a business - and they treat it that way. If you’re an individual investor who is renting out just one home or thinking...
Real estate agents and property management professionals can work together to provide outstanding rental experiences for owners and investors. At Homevest, we provide a Realtor Referral Program to licensed Realtors who have clients needing property management. The market being as hot as it is, you likely don’t have a lot of time to help your investor client manage...
Orlando rental property owners need to declare the income they earn from their investments at tax time, but this shouldn’t deter you from investing. The benefits far outweigh the costs when it comes to tax implications for rental properties. Here are some of the tax benefits you can expect, as well as an example of the accounting we do for you...
Keeping your accounting practices in order can sometimes be a challenge, especially if you have multiple investment properties and you’re not benefitting from professional Orlando property management. We’ve also noticed a lot of real estate professionals and self-identified experts who are providing misinformation or filing incorrect tax documents. Don’t make a mistake with your year-end accounting. You may...
