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21 May 2024 | 9 replies
I got my license and then started a property management company, then I started investing in property.Have you considered a job in property management?
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19 May 2024 | 14 replies
So, for the last few months she's submitting reports about breakers tripping (no pun intended), so we send an electrician out, and he finds a 20 plant grow with massive lights throughout the garage!
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20 May 2024 | 14 replies
The title company did a search and found out the sellers haven't passed a electrical and mechanical inspections and owed money to the county for delays.
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21 May 2024 | 6 replies
If you decide to go that route, hire an experienced management company and underwrite very conservatively otherwise you could get ruined by high maintenance & turnover costs and potentially evictions.
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18 May 2024 | 2 replies
Let's explore some effective approaches for managing investment properties:With a Property Manager:Screening and Selecting Tenants: Entrust your property manager to handle tenant screening, background checks, and selection, ensuring reliable renters for your investment.Rent Collection: Property managers can ensure timely rent collection and handle any late payments or lease violations professionally.Maintenance and Repairs: Delegate routine maintenance tasks and repairs to your property manager, who can coordinate with contractors and vendors to keep your property in top condition.Tenant Relations: Property managers serve as the primary point of contact for tenants, addressing their concerns and ensuring a positive rental experience.Lease Enforcement and Evictions: Trust your property manager to enforce lease terms and handle the eviction process if necessary, following legal procedures.Financial Management: Property managers can handle financial tasks such as budgeting, accounting, and financial reporting, providing you with regular updates on property performance.Without a Property Manager:Self-Management: Take on the responsibility of managing the property yourself, handling tasks such as advertising vacancies, screening tenants, and collecting rent.Outsourcing Specific Tasks: While not hiring a full-time property manager, consider outsourcing tasks like maintenance and repairs to trusted contractors or service providers.Utilizing Technology: Leverage property management software and online platforms to streamline processes such as rent collection, lease management, and maintenance requests.Establishing Clear Policies: Set clear policies and procedures for tenants regarding rent payments, maintenance requests, and lease terms to minimize conflicts and misunderstandings.Regular Inspections: Conduct regular inspections of the property to identify maintenance issues or lease violations early on and address them promptly.Building Relationships: Maintain open communication and positive relationships with tenants to foster a sense of community and encourage better care of the property.Whether you choose to hire a property manager or manage the property yourself, effective communication, attention to detail, and a proactive approach to property management are key to maximizing returns and maintaining the value of your investment.
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21 May 2024 | 10 replies
You could reach out to an eviction company like Landlord Solutions, Inc to assist with this process if it comes to that.- Consider a Cash-for-Keys Agreement: To avoid the lengthy eviction process, you might offer the female tenant an incentive to leave, known as a “cash-for-keys” agreement.
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20 May 2024 | 8 replies
Also talk to title companies that do a lot of business with investors.
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21 May 2024 | 21 replies
New companies like Intel, Amazon, and Google are also investing here.
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20 May 2024 | 2 replies
There is already several offers from solar lease companies to lease a portion of the property.
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20 May 2024 | 6 replies
If you have had any recent positive experiences (2023-2024) or can suggest trustworthy companies that specialize in the FL market, please share your insights.