I decided to raise their rent $500/month, even though market rates for comparable apartments in that area are $200-$600 higher than that.

Good Evening,I have a question, so I bought a rental property with tenants in place, The previous landlord didn't require them to have a security deposit, How would I go by with telling them that I required a security deposit, also they pay at the end of the month for the month they been on, I would like to have them pay rent the month before. so for example have them pay the rent this month for the upcoming month and so on, how would I go about doing that.

Hello EveryoneMy name is Adam and I am new to real estate investing, having started listening to the BP podcasts as well as reading some books over the past few months.

We moved to the Orlando area several months ago and we got licensed to take on property management clients in the Orlando area.

You just need to work with the lender and show that you can afford a down payment and the monthly payments. 

I have a tenant moving out at the end of the month and the tub needs some TLC.

That may only be $6-12k/monthly income in 15-20 years. 

It is much better to add a reserve fund to it monthly.

I went live for my airbnb in March and have seen a significant drop in bookings since this month.

Doorknocking is also very effective but difficult in the winter months.