Landlords are in charge of providing a move-out notice as it’s part of their duties and can affect their investment’s bottom line. A move-out letter can also protect your interest in case you have renters that might delay moving out. The letter states the last day...
You may think that your landlord duties are over when a renter moves out and the property is vacated. But you can still face a new situation – a mail delivery for a tenant who ended the lease agreement. This can be an additional task for landlords to take care of when...
Given the prevalent trend of capturing and watching videos nowadays, it’s no wonder that it has trickled down to rental video tours. In-person property showings can take up a good portion of time when potential tenants can simply check the video first and see if it...
Tenants can move out for different reasons and landlords must focus on filling the vacancy if they wish to avoid the negative consequences that accompany empty rental units. Aside from the income loss, other things landlords have to deal with include intruders, proper...
Are you considering becoming a DIY landlord? It can be an extremely rewarding experience! That said, it’s important to be aware of the potential pitfalls along the way to protect your investment. From tenant screening processes to keeping of financial records,...
Are you a landlord or tenant seeking information on properly drafting a rental agreement? It’s important to have a secure and formalized contract between you and the person renting your property. That’s why in this blog post, we at Keyrenter South Florida will...
No matter how long you’ve been a landlord certain circumstances may still come as a surprise. For example, there are tenants who break the lease or leave early and there are also some that overstay their welcome. When landlords let the tenants stay even after the...
Over the years, pet ownership has significantly increased and as such, so has the demand for pet-friendly rental properties. A rental space that accommodates pets attracts more potential tenants. However, this doesn’t mean that all pets should be allowed in your...
There are many things that encourage renters to renew their lease agreement. But one of the most significant factors that lead to tenants sticking around is a great relationship with the landlord. It’s beneficial to gain long-term occupants in your South Florida...
With so many landlords now offering furnished units, you might be wondering if you should do the same for your own rental. Obviously, you want to stand out from other properties and offer perks to your tenants. As a property investor, you want to align with the rental...
Do you own a rental property? As a landlord, it’s in your best interest to look after the property and its residents to maximize returns. It’s your duty to provide a secure and comfortable living space for tenants while protecting your assets from potential damage or...
Are you interested in renting out your home in South Florida? If so, it’s important to understand your local rental market and how to maximize your profits. So, to ensure you make the most out of renting your home, it’s important to effectively price your...
A large part of ensuring that your rental property is successful is having a signed lease between all parties. When you have a well-written contract that’s signed, it signifies that everyone is in alignment with the stipulated terms and conditions of living on the...
Every rental property needs to be maintained! It goes without saying that a clean property appeals to tenants. In order to decrease property vacancies and maintain the state of your property, it is important to maintain your property promptly and efficiently....
When you lease to long-term tenants, you can avoid spending extra money on marketing as your tenants aren’t on a short lease. This means you can plan property renovations that increase the value of your rental home. Moreover, you don’t have to keep cultivating new...
Once you gain a pool of prospective renters, the next thing you need to do is screen the potential tenants to then decide which of them is the most qualified renter for your property. A qualified renter being one with a decent disposition who will maintain the...
Excellent marketing and advertising strategies are great ways to minimize the period that a rental property is vacant. They also help to draw in the best tenants and maximize your return on investment. The key to owning rental properties is successfully marketing...
Are you thinking of making upgrades to your rental property? Being a real estate investor means one has to deal with renovations. The good news is, renovations can increase a rental property’s market value as well as make it more attractive to prospective...
To prevent any discrimination in a housing transaction, all individuals and entities should abide by the federal Fair Housing Act (FHA). This act aims to protect individuals under certain classes from being discriminated against when buying or renting a home. The goal...
Are you thinking of buying an investment property? South Florida offers real estate investors many advantages! Florida, particularly South Florida’s real estate market, has been among the best, offering both domestic and foreign investors consistent, reliable...
Successful rental owners follow these guidelines to ensure the success of their rental, and maximize their owning experience. 1. Treat your rental property like a business… because it is a business! 2. Have a financial reserve set aside for the “unexpected.” Placing...
Are you looking to invest in South Florida real estate? South Florida has never been more popular than it is today, with its amazing weather and relaxing natural ambiance from the long stretch of beaches, scenic hiking trails, charming downtown district, and overall...
Florida has become one of the hottest real estate markets in the US with A number of Florida’s cities, including Orlando, Tampa, and Jacksonville, being named among the top investment locations in the country. But Florida isn’t only a market for renters....
A lease is legally binding for the entire term of the agreement as per Florida landlord-tenant laws. But what does this mean for your Florida tenant? It means that they must continue paying for the entire term, regardless of whether they live there or not. But there...
Much like everywhere else in the country, evicting a tenant in Florida requires landlords to follow a very specific legal process under the Florida Landlord-Tenant law. But regardless of what violation your tenant may have committed, you must never take matters into...
As a landlord, you have the right to ask your tenants for a security deposit as part of any move-in costs. But this is governed by the Florida security deposit law. In so doing, however, landlords must abide by Florida’s security deposit laws. Including, how to store...
In Florida, a rental agreement is established either orally, in written form, or once a landlord accepts a rent payment. The Florida landlord-tenant law (FL Statute Chapter 83) provides each party with inherent rights and responsibilities that govern these dwelling...
There are many exciting and interesting things to learn about being a landlord. But, one of the most often overlooked topics is rental property tax deductions! As an experienced or DIY landlord, you need to take the time to become a master of your taxes to ensure...
The COVID-19 pandemic has put over 40 million people out of work in the US–a full quarter of the labor force. While there are no reliable estimates as to how many of these people are renters, we do know that nearly 50 million people in the US rent their homes. ...
Are you up to date with changes to the Rental Market? Rental properties are a great tool for getting in extra, steady income. But if you’re not paying attention, changes in market trends can sneak up on you. Don’t worry, we’re here to help! Read on...
The COVID-19 crisis has left millions of Americans in a tight financial spot. Many have been furloughed, laid off, or had to close their businesses. Others are saddled with medical bills from hospital stays or are dealing with grief from losing a loved one to the...
Given the high costs that come with purchasing a home or an apartment, most people start their independent lives by evaluating renting a house vs apartment. As your career grows and you start a family, you may want to save more and buy your own house/apartment....
Did you know that there are over 48.5 million rental units in the US? While there aren’t many accurate statistics on how many landlords there are, suffice it to say that that million rental units means that there are quite a few landlords across the US. If you...
Are you a new property owner looking to rent out your private unit? Maybe you’ve been a landlord over several multi-unit complexes for some time, and while this industry is nothing new to you, you’d like to optimize the way you manage your property. No matter where...
A thorough vetting process is one of the greatest means at our disposal as property owners and property managers in Boynton Beach to avoid bad renters. Thanks to the Internet and other technologies, we have more information at our disposal than ever before, and we can...
When most people need some extra money, they simply look at their things and sell what they don’t use. But this only gets you so far and is a short term solution. If you really want to start putting money into savings, it’s time to start thinking long term. If you’re...
Bad tenants can cost your rental business a lot of money. Best case scenario, you’ll have easy access to positive monthly cash flow. Worst case, you’ll end up paying for expenses from your own pocket. This is why it’s important to have an effective screening process...
When you are in the process of trying to rent out a home, first impressions matter! Renters’ first impression will always be based on the outside of the home because it is what they see first. So it’s important your rental property has great curb appeal! But the...
Maintaining a clean, safe, livable rental environment isn’t just a responsibility that falls on the landlord, much of these tasks are in the hands of the tenant. The law requires landlords to provide a safe, habitual residence, but it will be hard to maintain this if...
Removing pests from your rental property can be incredibly complicated and expensive. Fortunately, prevention can go a long way toward preventing pests from damaging the habitability of your property. Here are a few tips for keeping pests out of your rental...
Maintenance inspections are an incredibly important part of managing a rental property. Ensuring that you keep up to date on all of your maintenance inspections will help to protect your property and ensure that it remains in the best possible condition. In South...
After finding out that a tenant has abandoned their rental property, it is likely that you will want to take fast action to ensure that your rental unit will remain profitable again as soon as possible. However, there are many factors that you must take into...
Pets are becoming more widely accepted in all facets of society. More businesses are readily accepting animals, including places like hotels. This means that people are becoming more accustomed to pet-friendly establishments being available. However, there are far...
Millennial renters are increasingly common in today’s housing market. Modifying your properties to meet the demands of millennial renters can go a long way toward ensuring that your properties stay occupied. Additionally, millennials tend to stay in the same place...
Landlords are often faced with a number of challenges when it comes to finding good tenants. Having an effective application screening process can assist with screening out some people. However, it is important to follow the rules of the Fair Housing Act to ensure...
Tenant turnover is one of the greatest expenses that a landlord experiences. When tenants move out of your property, you have to advertise the property, screen tenant applications, host showings, and much more. In addition, you won’t be making money from an...
Are you thinking of renting out your South Florida property? Making the decision to rent out your property is one that can really help you solidify yourself financially and still help you to build wealth for the future. But in doing so, there are plenty of risks and...
Hurricanes tear into South Florida every year. This could mean trouble for your rental properties. As long as you prepare for the hurricane ahead of time, getting back to business afterward should not be a huge problem. What can you do as a rental property owner to...
Managing a property can be exhausting and stressful. Dealing with the exterior needs of the property can pose another challenge for property owners. Hiring a professional to handle your garden is a great way to make sure your property is always looking great. Keeping...
Hurricanes are one of the most destructive forces in the world. As a property owner, hurricanes can invoke several problems from the safety and well-being of your tenants to major property damage to your livelihood. Learning how to survive a hurricane is not only...
Every state permits a landlord to ask for a deposit with the agreement to return it whenever the tenant wishes to leave the property in the state that they found it in, with the exception of normal wear and tear. However, this term’s definition among property owners...
Most renters believe that their landlord’s homeowners insurance policy will cover their items. This isn’t true at all. The landlord’s policy will cover everything except a tenant’s belongings. There are a few other common myths about renters...
It is important for property managers in Boynton Beach to protect their investments and knowing how to run a background check on prospective tenants is something that cannot be ignored. Tenants that have been evicted in the past, have a history of not paying their...
Many homeowners believe that they can handle renting a property themselves. All goes well at first. That is until they realize that they have made what can only be described as landlords mistakes. Those errors end up costing them a lot in time, hassle and, most...
Real estate investing across South Florida makes a lot of sense. You’re close to the Atlantic Ocean and there are countless things to see and do. Many people want to move to the area but can’t get approved for a mortgage. This then means that people explore rental...
According to Florida Statute 83.51, which covers a landlord’s obligation to maintain the premises, landlords are generally required to make reasonable provisions for the extermination of bedbugs and other pests. Even if you weren’t required by law, you’d probably want...