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All Forum Posts by: Khalid Bryan

Khalid Bryan has started 5 posts and replied 186 times.

Post: Investment property landscaping

Khalid BryanPosted
  • Real Estate Broker
  • Fort Lauderdale, FL
  • Posts 194
  • Votes 189

Hey, welcome to real estate investing! First off, I know it’s frustrating when a tenant leaves a mess, and even worse when their security deposit barely covers the damage. But the fact that you’re here looking for solutions means you’re thinking like a smart investor, so let’s figure out your best move.

Is a Sprinkler System Worth It?

Honestly, unless you're in a high-end market where buyers or renters expect it, dropping thousands on a sprinkler system probably isn't your best ROI move—especially if the property has been sitting for months. That tells me the bigger issue might not be just the yard, but overall curb appeal or pricing.

More Cost-Effective Fixes

Instead of a full sprinkler system, here are some budget-friendly ways to improve the yard without draining your wallet:

• Fresh Mulch & Gravel: Super cheap, easy to DIY, and instantly makes the space look intentional, even if the grass isn’t perfect.

• Drought-Resistant Landscaping: Consider native plants, decorative rocks, or even artificial turf in smaller sections—it cuts down on future maintenance headaches.

• Topsoil & Grass Seed or Sod Patches: If you want to reestablish grass, you don’t need to do the whole yard—just focus on the worst areas.

• Outdoor Staging: A few chairs, a firepit, or even string lights can make the space feel livable and attractive to buyers or renters.

Bigger Picture – Why Has It Been Sitting for Months?

If the yard is bad but everything else is move-in ready, that’s one thing. But if the property has been sitting, you might want to take a step back and reassess:

• Is the price competitive? Look at what’s been selling or renting fast in the area and adjust if needed.

• Are the listing photos working against you? If you haven’t updated your photos since before the yard cleanup, it might be worth retaking them after sprucing things up.

• Is the curb appeal overall inviting? The front yard and entrance set the tone. Even small touches like repainting the front door, adding some planters, or pressure washing the driveway can make a huge difference.

Final Thoughts

I’d say skip the full sprinkler system for now, make cost-effective improvements that boost curb appeal, and focus on getting that property moving. Whether you’re renting or selling, you don’t need perfection—just enough to make someone excited to move in.

Hope that helps, and good luck getting this one filled! 🚀

Disclaimer: I am a licensed real estate broker associate in Florida, but I am not a contractor, landscaper, or financial advisor. The information shared is based on my experience and industry knowledge and should not be considered legal, financial, or professional landscaping advice. Always consult with a qualified professional before making major property improvements.

Post: Need suggestions about using cost segregation study for tax

Khalid BryanPosted
  • Real Estate Broker
  • Fort Lauderdale, FL
  • Posts 194
  • Votes 189

Hey, I love this question because it got me looking into cost segregation studies, and honestly, I’ve always just thought of it as breaking down expenses and depreciation—never really called it that fancy name. I like to keep things as simple as possible, but I was excited to dig into this one because knowledge is power, and the better we understand these things, the more we can use them to our advantage in real estate.

So here's what's happening—your CPA is basically saying you're already showing a loss on your taxes because of all the expenses that came with closing, insurance, HOA fees, etc. Since the cost seg study would just create an even bigger loss, it might not actually help you this year if you don't have taxable income to offset.

But here’s the part a lot of investors forget to consider—if you’re planning to buy another property this year, this loss could affect your ability to get financing. Lenders want to see income, not negative cash flow, even if the loss is just on paper from depreciation. So if you suddenly find a great deal and want to go for it, a tax return showing a massive loss could hurt your pre-approval chances.

That said, if you’re not planning to buy anything else soon, deferring the depreciation might not be a bad move. You can always carry it forward and use it in a future year when you actually need it to offset taxable income. But if you have passive income from another rental or real estate syndications, using it now might actually be a good idea.

It all comes down to strategy—don’t rush the process just to get tax benefits if it’s going to make financing your next deal harder. If the numbers on your rental aren’t great yet, maybe another purchase isn’t even on the radar right now. But just in case things turn around quickly and you want to jump on an opportunity, it’s good to think ahead.

I’d check back in with your CPA and ask specifically:

• If I don’t use the cost seg study this year, can I carry it forward and use it later?

• If I do use it, how does that impact my ability to qualify for another loan this year?

Either way, you’re making moves, and that’s what matters. Real estate is all about learning as you go and playing the long game. Keep going, keep asking questions, and keep stacking knowledge—because the more you know, the faster you grow.

Disclaimer: I am a licensed real estate broker associate in Florida, but I am not a CPA, tax professional, or financial advisor. The information shared is based on my experience and industry knowledge and should not be considered tax, legal, or financial advice. Always consult with a qualified tax professional before making any tax-related decisions.

Post: NORTH PORT Analysis Help

Khalid BryanPosted
  • Real Estate Broker
  • Fort Lauderdale, FL
  • Posts 194
  • Votes 189

Hey James! Congrats on owning your first home in North Port, FL and looking to take that next step into long-term rental investing. It’s completely normal to feel nervous before pulling the trigger, but doing a solid market analysis will give you more confidence in your decision. Here’s how I’d approach it:

1. Understanding Rental Demand in North Port, FL

• North Port is a growing market, and with Wellen Park being developed, you’re right that it’s bringing in higher-income residents. However, that doesn’t mean there’s no demand for affordable rentals—you just need to determine if your home fits the local rental market.

• Key question: Does the average household size in your area align with your home (900sf 2/2)? If most rental demand is for larger homes, it may take longer to lease.

2. How to Analyze if Your Home Will Rent Quickly

• Check Active Listings vs. Days on Market:

• If similar 2/2 homes are sitting for months, there may be an oversupply or pricing issue.

• If a lot of homes are listed but few are leasing, that’s a red flag.

• Look at Rental Absorption Rates:

• How many homes like yours were leased in the last 3-6 months?

• If only a few, it may take longer to find a tenant.

• Check Recent Rental Price Reductions:

• Are landlords dropping prices? If so, the market may be shifting.

• Compare your planned rent with recent lease signings, not just listed prices.

• Work with a Realtor for Rental Comps:

• Your go-to real estate agent can pull accurate rental comps from the MLS, which will show what homes actually leased for—not just their asking price.

3. Pricing Matters – Motivating Tenants with Competitive Rates

• Some overpriced rental listings will sit on the market for months. Just because a home is listed at a certain price doesn’t mean it will rent at that price.

• Pricing slightly under market can speed up leasing and help you avoid unnecessary vacancies.

• Monitor the competition closely and adjust pricing accordingly to stay competitive.

4. Alternative Revenue Streams for Unique Property Features

• If your home has unique features (large backyard, pool, modern design, or open space), consider listing it on platforms like PeerSpace for event rentals, content creation, or small business use.

• This additional income can help offset costs and increase your total reported income for future pre-approvals.

5. Backup Plan: What If It Sits Vacant?

• Lower Rent Slightly to Attract Tenants Faster

• Offer Move-In Incentives (e.g., discounted first month, lower security deposit)

• Pivot to Mid-Term Rentals (traveling professionals, snowbirds, digital nomads)

• List on Multiple Platforms (MLS, Facebook Marketplace, Furnished Finder for mid-term stays)

6. Long-Term Market Outlook for North Port

• Growth in Wellen Park = More Demand in Surrounding Areas

• Not everyone moving to the area can afford luxury homes. Affordable rentals will still have demand.

• North Port’s Population is Growing – More demand over time means more rental stability.

7. Property Taxes Will Likely Increase After You Move Out

• If you have a homestead exemption, it will be removed when you convert the home into a rental.

• The county will reassess at market value, so be prepared for a higher property tax bill.

• Always calculate future taxes when analyzing rental profitability.

8. Income from Rentals & Side Revenue Helps Future Pre-Approvals

• Lenders will consider the rental income from your first home when calculating your debt-to-income ratio for the next purchase.

• If you purchase a multi-unit property next, rental income from additional units will help you qualify for a larger loan.

Final Thoughts

• If similar homes are sitting vacant for months, it may not be the right time to convert to a rental.

• If rental demand exists at the right price point, you may just need to adjust pricing or strategy.

• Consider testing the rental market by listing it 60 days before you plan to move.

I'd suggest pulling rental comps on Rentometer, Zillow, and MLS (if available) to get a clearer picture of demand. If you want to chat more, feel free to connect—always happy to talk real estate! 🚀

Disclaimer: I am a licensed real estate broker associate in Florida, but I am not a lender, financial advisor, or attorney. The information shared is based on my experience and industry knowledge and should not be considered legal, financial, or investment advice. Always conduct your own due diligence and consult with a qualified professional before making any real estate investment decisions.

Post: Seeking Advice on STR Investment in Kissimmee and Downtown Orlando

Khalid BryanPosted
  • Real Estate Broker
  • Fort Lauderdale, FL
  • Posts 194
  • Votes 189

Hey Erene! Congrats on your pre-approval and your plan to make Florida your primary residence while leveraging house hacking or short-term rentals (STRs). You’re thinking strategically, and it’s great to see you weighing all your options before making a move. Here’s my take:

1. Kissimmee & Downtown Orlando for STRs – Market Overview

• Kissimmee is one of the most popular STR markets in Florida due to its proximity to Disney World and other major attractions.

• Downtown Orlando offers a different rental audience—primarily business travelers, medical professionals, and convention attendees. STR demand is there, but regulations can be stricter.

2. Is the STR Market in Kissimmee Oversaturated?

• The short-term rental market is competitive, but that doesn’t necessarily mean it’s a bad investment. The key is to analyze occupancy rates, seasonal fluctuations, and what type of properties perform best.

• Many STR investors are in the $300,000–$500,000 range, so homes closer to $600,000–$700,000 may face less direct competition but will require higher nightly rates to be profitable.

• Homes that accommodate more guests (more beds, larger spaces) tend to perform better, but they may also experience slow seasons. Research each location’s “sweet spot” in terms of bedroom count, amenities, and guest demand.

3. Breaking Even & Potential Cash Flow

• Your goal of breaking even in Year 1 is very achievable, especially with a 5% down payment and PMI removal via renovations.

• To cash flow, consider:

✅ Running a detailed STR revenue projection (AirDNA & Rabbu are great tools for this).

✅ Factoring in seasonality—peak months can be lucrative, but slow seasons must be accounted for.

✅ Looking at property management options—self-management can save costs but requires effort.

4. Have a Backup Plan: Annual Rental Numbers Matter

• Always know the annual rental numbers in case you need to pivot to a long-term rental model. If STRs become less profitable, you need to ensure the property can still generate positive cash flow with a traditional lease.

• Mid-term rentals (30+ day stays) can be another fallback option, especially for traveling nurses, corporate workers, and digital nomads.

5. Property Taxes Will Likely Increase After Purchase

• If the current owner has a homestead exemption, their tax valuation is capped. Once the property is sold, the county will reassess it at market value, meaning your property taxes could rise significantly.

• Make sure to research the estimated tax assessment post-sale so you’re not caught off guard with a much higher tax bill than expected.

6. Additional Considerations: Costs & Market Changes

• Ongoing Maintenance & Housekeeping: STRs require regular deep cleaning, restocking of supplies, and maintenance. Factor in these recurring costs when running your numbers.

• Incoming Market Changes & Local News: Keep an eye on city regulations, new developments, and economic shifts that could impact STR demand.

HOA & City Rules: Some areas have restrictions on STRs, so always confirm whether short-term rentals are allowed in the specific community you're looking at.

7. Long-Term Appreciation & Exit Strategy

• Kissimmee and Orlando have seen steady appreciation, and with your plan for forced appreciation through renovations, your investment should grow over time.

• If STRs ever become less profitable, you can pivot to long-term rentals or sell the property while values are strong.

Final Thoughts

• Kissimmee is a strong STR market, but be strategic about the property type, location, and amenities.

• Downtown Orlando is a different play, with fewer STR-friendly properties but good mid-term rental potential.

• Breaking even in Year 1 is reasonable, and cash flow is possible with good management and pricing strategies.

• Be mindful of regulations, HOA rules, seasonal fluctuations, and post-sale tax increases before committing.

If you haven’t already, I’d suggest running numbers through AirDNA, Mashvisor, or Rabbu to get an accurate rental projection before making a final decision.

Hope this helps, and best of luck with your investment! 🚀

Disclaimer: I am a licensed real estate broker associate in Florida, but I am not a lender, financial advisor, or attorney. The information shared is based on my experience and industry knowledge and should not be considered legal, financial, or investment advice. Always conduct your own due diligence and consult with a qualified professional before making any real estate investment decisions.

Post: Investing in a High-Risk Flood Zone (AE) – Worth It or Hard Pass?

Khalid BryanPosted
  • Real Estate Broker
  • Fort Lauderdale, FL
  • Posts 194
  • Votes 189

Hey! Great questions—buying in an AE flood zone definitely comes with risks, but it can also be an opportunity if you analyze the numbers, insurance costs, and future resale potential carefully. Here’s my take:

1. How Much Does AE Zoning Hurt Resale Value?

• AE flood zones can limit your buyer pool because not all buyers want to deal with flood insurance or lending restrictions.

• Beyond that, flood insurance adds to a buyer's monthly expenses, which can affect their debt-to-income (DTI) ratio and reduce their overall purchasing power. Even if the listing price is attractive, a higher flood insurance premium can make the property less affordable compared to a home outside the flood zone.

• However, properties that haven’t flooded despite past storms may still hold strong value, especially with an elevation certificate showing reduced flood risk.

• Some buyers don’t mind flood zones if they love the location, and in areas with limited housing supply, demand can still be strong.

2. Does It Make Renting Harder?

• Not necessarily, but renters might hesitate if flood insurance is high and that cost is factored into rent.

• If it’s a desirable area, tenants will still rent as long as the price is competitive and they feel confident in the property’s flood resilience.

• Check historical flood maps to see if flooding has been a recurring issue in the neighborhood.

3. FEMA Flood Map Rezoning & Solutions

FEMA has recently updated flood maps in many areas, placing thousands of homes into higher-risk flood zones. This has led to increased insurance costs for some homeowners, while others have been mistakenly zoned into high-risk areas despite never experiencing flooding.

If you believe your property was incorrectly placed in a flood zone, you can:

✅ Request a Letter of Map Amendment (LOMA): If your property is above the base flood elevation, you can apply for a LOMA to remove it from the flood zone designation.

✅ Get an Elevation Certificate: A certified surveyor can assess the elevation of your home, and if it meets FEMA's criteria, your flood insurance premiums could be significantly reduced.

✅ Appeal with FEMA: If you have evidence that your home is at a lower flood risk than designated, you can file an appeal with FEMA to reclassify your property.

4. Reducing Flood Insurance Costs

Flood insurance can be a major cost factor, but there are ways to lower it:

✅ Elevation Certificate: If the property is built above base flood elevation, insurance premiums can drop significantly.

✅ Flood Vents & Mitigation: Adding proper flood vents and elevating utilities can help lower premiums.

✅ Private vs. NFIP Insurance: Get quotes from private flood insurers as well as the National Flood Insurance Program (NFIP). Private insurers sometimes offer lower rates.

5. Would I Still Do the Deal?

• If the rental income, insurance costs, and resale potential make sense, I wouldn’t immediately rule it out.

• I’d compare this deal to similar non-flood-zone properties—if the return is much better, it might be worth the extra risk.

• I’d also ask: Does this area have ongoing flood control improvements? If yes, future risk could decrease.

6. Hidden Opportunity or Deal-Breaker?

• If insurance costs are reasonable and the property is in a high-demand area, this could be a hidden opportunity because many investors automatically pass on flood-zone properties without digging deeper.

• But if insurance makes the numbers too tight, or if historical flooding is a major concern, I’d pass.

7. Risk vs. Reward – Understanding Cap Rates

At the end of the day, it’s all about the risk-to-reward ratio. This is exactly why we use the capitalization rate (cap rate) to measure an investment’s return. The higher the risk, the higher your cap rate should be.

For example:

• A risky investment in a flood zone with higher insurance costs should have a higher cap rate to justify the risk.

• On the flip side, a bank savings account offers one of the lowest interest rates and returns on investment, but it’s also one of the safest places to store money. The funds are insured, and you can withdraw them at any time.

Real estate investing works the same way—the riskier the deal, the higher your expected return should be.

Final Thought:

Before making any decisions, get flood insurance quotes first. That number could make or break the deal and impact both rental income and resale potential down the line.

Would love to hear what you find out—good luck with your analysis! 🚀

Disclaimer: I am a licensed real estate broker associate in Florida, but I am not an insurance agent, lender, or attorney. The information shared is based on my experience and industry knowledge and should not be considered legal, financial, or insurance advice. Always conduct your own due diligence and consult with a qualified professional before making any real estate investment decisions.

Post: Starting my journey

Khalid BryanPosted
  • Real Estate Broker
  • Fort Lauderdale, FL
  • Posts 194
  • Votes 189

Hey, that’s a great price point, especially for a 2-bed, 1-bath unit! It’s always good to have an extra bedroom if possible, as it can attract more tenants or allow for house-hacking opportunities. Before making a decision, here are a few key things to consider:

1. Check the Association & Rental Restrictions

• If the property is in a condo association, verify whether there are rental restrictions (e.g., one-year ownership before renting, minimum lease terms, or rental caps in the community).

• One-year rental restrictions aren’t necessarily a dealbreaker if you can afford to cover association fees for that time or live in the unit while making upgrades.

2. Analyze Rental Comps & Market Trends

• Look at recent rental comps in the community—not just those from a year ago, but the most recent listings with similar size, layout, and features.

• If there’s high competition (many active rentals in the area), you won’t be able to price at the top of the market since tenants will have plenty of options.

3. Consider the Local Tenant Pool & Seasonal Demand

• Gainesville is a college town, so student tenants might be a big part of the rental market.

• Students often leave between semesters or during holiday breaks, so consider whether the area has strong off-season rental demand or if you may face vacancies during certain times of the year.

• If your goal is stable long-term tenants, you may want to target young professionals or grad students who stay year-round.

4. Think About Future Value & Target Demographics

• Check the average income levels in the area. If it’s a lower-income rental market, high-end renovations may not justify premium rent.

• If the area has higher-income tenants looking for more luxury, you might get away with upgrading, but make sure you won’t be over-improving for the market.

5. Due Diligence is Critical—Don’t Waive Inspections

• Since this is your first investment, make sure you follow a solid due diligence process before purchasing.

• Be cautious about buying “as-is” or waiving inspections just to get a lower price. Sometimes, unseen issues (like major repairs) end up costing more than the discount you negotiated.

Final Thoughts

• If there are no major rental restrictions, and the numbers work based on rental comps, this could be a great first investment.

• If there are restrictions, consider whether you’re comfortable holding it vacant or living there short-term while preparing to rent it out.

• Take your time, do your due diligence, and make sure it aligns with your long-term investing goals.

Hope this helps! Let me know if you have any other questions—excited for you to make your first deal!

Post: Need advice- HELOC or Refinance for 2nd investment property

Khalid BryanPosted
  • Real Estate Broker
  • Fort Lauderdale, FL
  • Posts 194
  • Votes 189

Hey! First off, congrats on being in a position to scale your real estate portfolio. You’re asking the right questions, and it’s great to see you thinking strategically.

My Take on Your Situation

Since you already own a rental and want to expand your portfolio, your main decision points are:

1. How to pull equity to fund your next deal

2. Whether to transfer your current rental into an LLC

3. How to position yourself for long-term growth

Here’s how I’d approach it:

HELOC vs. LLC Transfer & the Due on Sale Clause

HELOC: If you take out a Home Equity Line of Credit (HELOC) on your rental, most lenders require the property to stay in your name. If you transfer it into an LLC after securing the HELOC, your lender could invoke the due-on-sale clause, meaning they could demand full repayment of the loan immediately.

LLC Transfer: While many investors do quit claim deeds to transfer properties into LLCs, some lenders don't enforce the due-on-sale clause as long as you keep making payments on time. But it's a risk you need to be aware of.

What I’d Recommend for Asset Protection & Financing

• If you're worried about the due-on-sale risk, keep the rental in your name for now and hold off on transferring to an LLC until:

• You refinance into a commercial or portfolio loan that allows for LLC ownership.

• You’ve fully paid off the mortgage, eliminating lender control.

• Instead of transferring the title, consider using strong landlord insurance, an umbrella policy, or a land trust (with your LLC as the beneficiary) for added liability protection.

Your FHA Loan Potential for Another Property

• Since your first home is already a rental but was likely purchased with an FHA loan, you may still be eligible for another FHA loan—but only if you meet one of these conditions:

• You relocate at least 100 miles away from your current home.

• You can prove you need a larger home due to family size changes.

• You can show financial hardship requiring a new primary residence.

• If you qualify, you could use FHA's 3.5% down payment to acquire a duplex or co-living property, live in one unit, and rent out the rest. This is one of the best ways to scale a portfolio while keeping low out-of-pocket costs.

Big Picture: The Best Move for You

• If you need funds now, a HELOC in your name makes sense—but keep the rental in your personal name to avoid triggering the due-on-sale clause.

• If you're focused on protection, hold off on the LLC transfer or explore a land trust.

• For your next purchase, check if you can leverage FHA financing again—it's one of the most powerful ways to scale quickly.

Resources to Learn More

• Due on Sale Clause & LLC Transfers: Nolo.com

FHA Loan Rules for Multiple Properties: HUD Handbook 4000.1

• Scaling from Single-Family to Multi-Family Investing: “The House Hacking Strategy” by Craig Curelop

Hope this helps! You’re thinking the right way—keep building, and you’ll be in a great position for that apartment building loan in 10 years. Happy investing!

Disclaimer: I am a licensed real estate broker associate in Florida, not a financial advisor, lender, or attorney. The information provided is based on my experience and industry knowledge but should not be considered legal, tax, or financial advice. Always consult with a qualified attorney, CPA, or mortgage professional before making investment or financing decisions.

Post: 1031 exchange with a related party

Khalid BryanPosted
  • Real Estate Broker
  • Fort Lauderdale, FL
  • Posts 194
  • Votes 189

Can You Do This 1031 Exchange?

Yes, but with caution. The IRS has strict rules when it comes to related-party transactions in a 1031 exchange, especially when acquiring a property from a family member’s estate. Here’s what you need to consider:

1. Related-Party Restrictions

• The IRS generally doesn’t allow 1031 exchanges when both the sale and purchase involve related parties, unless both properties are held for at least two years after the exchange.

• In your case, since you’re selling to an unrelated third party but buying from an estate where your mother-in-law is the executor, there’s a potential gray area.

2. Is the Estate Considered a Related Party?

• The estate itself is not necessarily a related party (since it’s a separate legal entity).

• However, if your wife or her direct family members receive a financial benefit from the sale (e.g., inheritance distributions from the proceeds), the IRS may consider it a related-party transaction.

3. Two-Year Holding Requirement

• If the IRS deems this a related-party transaction, you’d need to hold the new property for at least two years before selling or exchanging it again to avoid disqualification.

• Your mother-in-law (as executor) and the estate’s other beneficiaries should also avoid selling the property immediately after the exchange to prevent IRS scrutiny.

4. Best Next Steps

• Consult a 1031 Exchange Qualified Intermediary (QI) – They specialize in structuring exchanges and can confirm if the estate’s sale qualifies.

• Get advice from a tax professional or CPA – If the IRS considers this a related-party transaction, they can help you navigate the rules to stay compliant.

• Document everything – Ensure the transaction is structured at fair market value, with no special benefits to any family members.

Bottom Line

It may be possible, but because of the family connection, the IRS could scrutinize the exchange. As long as you follow the two-year holding rule and structure the deal properly, you should be able to move forward, but I’d highly recommend working with a tax pro to ensure compliance.

Disclaimer: I’m a licensed real estate broker associate in Florida, not a CPA or tax attorney. The information provided is for general knowledge based on my experience and should not be considered tax or legal advice. I highly recommend consulting with a 1031 exchange qualified intermediary (QI) or a tax professional to ensure compliance with IRS regulations.

Hope this helps—good luck with your exchange!

Post: Just getting started!

Khalid BryanPosted
  • Real Estate Broker
  • Fort Lauderdale, FL
  • Posts 194
  • Votes 189

Hey, congrats on your business success! It’s great that you’re looking to put your money to work in real estate—smart move.

A few key things I always remind my clients (and myself) when investing:

1. Don’t rush it. Never force a deal—if the numbers don’t work, walk away. A deal that’s “close” but not quite right can still cost you big. Set your investment criteria, systems, and rules—and stick to them.

2. Tenant management is all about structure. Stick to the lease agreement and landlord-tenant laws—most headaches come from trying to make exceptions. If rent is due on the 1st and late by the 5th, apply the late fee on the 6th and serve a 3-day notice immediately. Delays only create bigger problems.

3. Start simple—cash flow is king. Don’t take on too much rehab work for your first deal. A major repair can blow your entire budget. If a property needs too much work upfront, it may not be the best first investment.

4. Factor in property management costs—even if you self-manage. Even if you handle management yourself, budget at least 10% for property management costs so you’re already prepared to scale. If you grow quickly or get too busy, you’ll have the funds in place to offload management without stress.

5. Hire specialists, not “do-it-all” handymen. One of the biggest lessons I’ve learned: if the sliding door is broken, call a sliding door specialist. If a faucet is leaking, call a plumber. Too many investors waste money on general handymen trying to fix everything, only to end up hiring a specialist later anyway.

6. Each property should have its own bank account. Think of property expenses as the property’s money—not your own. This keeps you from cutting corners or hesitating on necessary repairs.

7. Stay on top of rent increases & lease renewals. Even when the market is down, gradually adjust rents so tenants don’t experience a huge price shock later. If a unit is significantly under market rent and needs upgrades, offer the tenant an upgrade in exchange for a renewal at a higher rent. If they try to find another place, they’ll usually realize they already have a great deal and stay.

8. Long-term tenants can be worth a slight discount. If you have a great-paying, long-term tenant, a small discount can actually save you money in the long run. A turnover means repairs, painting, cleaning, marketing, vacancy time, and lost rent, so a small discount is often a better financial decision than churning tenants every year.

There’s a lot more to consider, but these are some key lessons I’ve learned. One book I highly recommend is “Buy It, Rent It, Profit” by Bryan Chavis—it’s a great read for investors looking to build long-term wealth.

Best of luck with your real estate journey! Happy to help if you ever need insight.

Post: Good ways to keep up to date on the real estate market

Khalid BryanPosted
  • Real Estate Broker
  • Fort Lauderdale, FL
  • Posts 194
  • Votes 189

Great question! I’ve managed my fair share of properties, and the number one way I’ve gotten property management clients is by helping them solve a problem. Most landlords don’t go looking for a property manager until they’re dealing with an issue—tenant headaches, late rent, maintenance problems—so your marketing should focus on providing solutions, not just listing your services.

Marketing Strategy: Combined or Separate?

I personally think you can successfully market both your property management (PM) and buy/sell real estate services under one brand if you position them correctly. Many of your PM clients will eventually want to sell, and many of your buyers (especially investors) will need PM services down the road. Having everything under one umbrella can actually work to your advantage.

• Website Approach: Keep one website but create dedicated sections for each service so the messaging stays clear.

• Business Cards & Branding: You can list both services, but if you want to avoid overwhelming potential clients, consider having two versions—one focused on PM and one on real estate sales, depending on who you’re targeting.

Best Way to Generate Property Management Leads

1. Target Landlords Where They Need You Most

• Most landlords seek out PM services when they’re in trouble—tenants not paying, evictions, property damage, etc.

• If your real estate broker’s license allows you to handle evictions, advertising low-cost eviction services can be one of the best lead generators. As you guide landlords through that stressful process, you can introduce how your tenant screening and management services help prevent future issues.

2. Focus on Rental Listings as a Lead Source

• A highly effective way to grow your PM business is to actively market rental vacancies for landlords.

• Every time you fill a rental, you open the door to a conversation about full management services. Many landlords don’t want to deal with screening, leasing, and ongoing tenant issues—this is your chance to step in.

• The more rental listings you take on, the more management prospects you’ll encounter. Over time, this strategy naturally builds your portfolio of managed properties.

3. Use Educational Content as Free Marketing

• Landlords love practical advice, and educational content positions you as an expert. Consider creating blogs, social media posts, or short videos on:

• How to handle late-paying tenants

• What to do if a tenant damages your property

• Best practices for tenant screening

• How to legally increase rent without losing tenants

• By answering common landlord headaches, you’ll attract leads who already see you as a trusted expert.

4. Market to Investors

• Many property investors want a one-stop shop—someone who can help them buy, manage, and eventually sell their rental properties.

• Offer free rental evaluations or investment property consultations to attract investor clients who may need your services long-term.

Final Thoughts

If you structure your marketing the right way, combining your PM and real estate services under one brand can be a strength, not a weakness. Just be clear in your messaging so clients understand which service they’re looking at.

Most importantly, focus on filling vacancies and solving landlord problems—when you do that, they’ll naturally see the value in hiring you for full management.

Hope that helps! Best of luck with your property management company!