All Forum Posts by: Kim Meredith Hampton

I think checking with the appropriate county or municipalities on any zoning issues would be helpful. 

It is also important to be transparent with the tenants as to your intent of how you will be utilizing the property

A great place to look is in NARPM.org 

It lists all the professional property managers all over the United States by area . Most have special property management designations and most only specialize in just property management 

A judge would never agree with you charging them for 100% of the carpet replacement, they will typically use the useful life and charge them a percentage. Really stinks when you could have gotten another year, but time to move on

I too have contractors that I've worked with for many years, but a good place to start may be on HomeAdvisors or Angieslist. Both of the sites are free to you and contractors can bid on the job

I would check with Paylease or Paynearme as two services that do online and payment me allows the tenant to pay cash at 7Eleven and will post to your account. Not sure if these two services work with individual landlords, but worth a try. You could also accept cashiers checks or money orders

I charge each person applying for the property over the age of eighteen an application fee, no matter if married, single etc... important to check each person out regardless . I even check out an adult child living with parents. You never know if they have been in trouble or are a sexual offender. Always cover yourself all the way around

I prefer to have everything handled professionally. I never have the tenant handle such items, especially because they don't have insurance and workers Comp if they get hurt performing work on your property, or possibly damage or hurt something or someone else. CYA

I would not replace them if they are working and look decent. No need to spend money on this sort of item, it does not bring anymore rent and most people dont rent because of the type of doorknobs

I find that most leases require a thirty, maybe sixty day notice. Therefore, most applicants look at that time, so right now may be a tad bit early

Hi Paul,

Orlando is a great area to invest, rental market is good, and we have such as diverse rental pool of people from all over the world. The average price range for good rental areas are from around $250 to $350 and rents range from the $1500 to $2000. The southwest area; Dr Phiilips, Windermere and Winter Garden are good for investing, as well as the SE side near the new Medical City (VA Hospital, Nemours, University of Florida Medical School, and Burnham Institute). We have many investors here form Canada, and I'm sure you could find a good, stable long term investmentn here in Orlando.

The one area I would avoid is Pine Hills (32808), and a small area to the west of downtown. The price points may look good, but your rental clientele will not be

Happy Investing