A Landlord in Florida have a legal right to evict their tenants for certain lease violations. Normally, evicting a tenant in Florida takes anywhere from 2 to 3 weeks. However, the eviction proceedings may take longer depending on the eviction reason and whether or not the tenant contests it.
Comm...
Are you wondering whether to rent out your property or put it on the market for sale? This is a common dilemma for many property owners. Both options come with their own advantages and challenges, and making the right choice requires careful consideration of your financial goals, market conditions...
Landlords have the right to ask for a Florida security deposit. The Florida security deposit basically acts as a financial cushion against any loss that the tenant might be responsible for, such as, causing damage exceeding normal wear and tear, and failing to make rent payments.
Just like many ot...
Clear and efficient communication is key to maintaining tenant satisfaction. Addressing issues quickly, and ensuring the smooth operation of rental properties is essential to successful property management.
What is the best mode of communication; email, text, or call? In this article, we will exp...
In your career as a landlord, one thing is assured, you’ll experience a vacancy at some point. This is especially true when it comes to vacation rentals. Every time your vacation rental is vacant you’ll have to go through the process of finding new renters.
This means doing everything from advert...
Purchasing a rental property is a fantastic method to increase your wealth over time and generate a consistent passive income. Investors must, however, make sure to factor in times of vacancy.
You're losing out on possible rental income each day that your property is unoccupied. Theft and squatti...
In Florida, the relationship between a landlord and a tenant can be established in any of three ways. That is, if the rental agreement is made orally, in written form, or once the landlord accepts a rent payment or a security deposit.
Under the Florida landlord-tenant laws, once a landlord-tenant...
As an investment owner, you’ll encounter the term normal wear and tear frequently. But what does it mean? Normal wear and tear represents a natural and gradual decline in the value of your vacation rental due to its continued use by the tenants. This is an expected outcome that cannot be blamed on t...
Managing properties is no walk in the park, especially when dealing with late rent payments. It's a situation most landlords and property managers find themselves in at one point or another. Charging late fees for overdue rent can help, but getting the balance right is essential to keep everyone hap...
Are you considering a rent increase but unsure how to communicate it effectively to your tenants? Creating a rent increase notice letter is an important step for any landlord.
This guide will walk you through the essential considerations to ensure your communication is clear, professional, and re...
When it comes to renting out your property, first impressions are everything. Just like how you'd dress up for a job interview to make a favorable impression, staging your rental property is crucial for attracting potential tenants.
In this article, we'll delve into the significance of property s...
Every property owner wishes for their rental property to be occupied at all times. Full occupancy means optimum rental income, reduced recurring expenses, and a guaranteed rental income at the end of the financial year.
However, for you to achieve this best-case scenario, potential tenants in the...
As a landlord, ensuring the safety and security of your rental property is not only a responsible investment decision but also a legal and ethical obligation. What’s more, a secure and well-maintained property protects your investment and attracts and retains quality tenants. This article aims to pr...
Why Vacation Rental Properties Are Still a Good Investment When Interest Rates Rise
December 15, 2023, 12:33 pm
In today's fluctuating economic landscape, one question looms large for landlords: Is investing in vacation rental properties still a wise choice when interest rates are on the rise?
As a DIY landlord, understanding the dynamics of this market is crucial for making informed decisions. In this a...
Being a landlord is a role with its own set of responsibilities, and being a long-distance landlord adds another degree of complication to the mix. The geographical distance between you and your rental property might make managing it appear intimidating.
Suncastle Property Management's objective...
When you're a landlord, your main objective is keeping your investment property's value growing as time passes. This leads to an increase in demand if your property retains its attractiveness.
If you ever decide to sell your property in the future, you'll be able to fetch a higher price since it's...
As a landlord, you must do everything you can to avoid property damage. A damaged rental property can drive your tenants away and cost you your rental income. Plus, it can leave you with a negative cash flow due to the added costs of emergency repairs and maintenance.
Property damage can be broad...
It can be daunting to manage tenants especially if you are a first-time landlord. However, even after much preparation there are always unique issues that you may not have anticipated but will need to deal with eventually.
Some of these issues include someone living in your property without havin...
Managing a property is an involving process. From staying on top of maintenance issues to regular communication with tenants, it’s a process that requires a lot of commitment and patience.
When done right, owning a property can be a rewarding investment. It can help the property owner build wealt...
If you're a self-managing property owner, the current COVID-19 pandemic may be causing you additional stress. On top of your regular responsibilities and duties, you must now abide by strict safety protocols. The coronavirus is extremely contagious, so following the precautions is more important tha...
Before marketing, conducting a vacation rental inspection is a must. Turning over a vacation rental without checking for issues can put off guests and may even score you bad reviews in your vacation rental business.
Make it a point to always scrutinize and examine the functionality of your applia...
Property owners are maximizing the marketing power of a video walk-through tour. In fact, in 2020 it’s estimated that 63% of home buyers made the purchase without ever having seen the property in person. You now have a good idea of how much engagement videos acquire.
These days, most social media...
As a landlord, conducting a tenant walk-through inspection can help you get the property back in better shape after the tenant leaves. You’ll also be able to, among other things, prevent costly repairs and avoid disputes over damages. The following are tips to help you conduct a successful walk-thro...
Converting your home into a rental and becoming a full-time landlord can be an exciting and rewarding career path. It offers the potential for financial stability, increased independence, and the opportunity to shape your own business.
If you've been successfully managing your rental properties...
As a landlord, you've invested a lot of time, effort, and money into your property, and now it's time to ensure a seamless transition between tenants. To impress your new tenants and protect your investment, you need the power of end-of-tenancy cleaning.
In this blog, we at Suncastle Properties w...
Running a rental business can be a bit tricky if you don't have the right documents on hand. Most rental documents are often legally binding contracts. Also, federal law requires you to have some documents, such as a rental agreement. Without these documents, you may be subject to penalties and fine...
Did you know that over 2,500 individuals are entering the rental market every day?
As a result of this large number, it’s important to take the necessary precautions in order to secure the right renters and to protect your property in Florida's First Coast
In reality, it doesn’t matter if you a...
The quality of your property and rental income go hand in hand. The same is true when it comes to the correlation between a property’s appearance and the quality of tenants it attracts. By making your vacation rental attractive, you may be able to attract the right tenant and maximize your income.
...
Do vacation rentals in Florida’s First Coast need damage deposits?
Many owners seem to be unsure about this, but there are many benefits to having a damage deposit policy. One of them being so that you have financial backup for if or when something goes wrong.
You can decide on the extent of the...
If you're an investment property owner, you're probably wondering: What are the problems that I can avoid making with my First Coast vacation rental?
Our experience has allowed us to list the following errors that we most commonly help property owners avoid.
No matter the kind of experience you...
Do you want to boost your vacation rental bookings?
The style and quality of your vacation rental listing have a huge impact on the interest it generates among travellers. When you do everything the right way, you could enjoy a significant advantage compared to competing listings.
Many vacation...
6 Mistakes Real Estate Investors Make When Budgeting for Their Vacation Property
May 27, 2023, 11:15 am
When it comes to budgeting, there are a lot of common mistakes that are made. If you are new to the real estate world and you have never purchased an income property before on Florida’s First Coast; you will want to make note of this article and the mistakes most people make.
There is no better wa...
Are you trying to make sense of the tenant’s right to quiet enjoyment?
Tenants have basic rights that landlords have to respect at all times. These are fully incorporated into the structure of modern lease agreements.
However, as a first-time landlord, you may find certain legal concepts confu...
If you’re someone who owns a vacation rental home, you’re aware of the fact that your guest booked your rental to enjoy a holiday break. Your goal is to offer that relaxing experience that begins the moment they step into your vacation rental.
To ensure that you’ve done your best to design a spect...
The first priority of any typical vacation rental host is to increase bookings and maximize occupancy. However, if you are experiencing a surge in booking cancellations, then that can greatly slow down your bookings.
At that point, you would want to ask yourself – what is causing the spike in canc...
It is becoming increasingly common for individuals to adopt and own pets. It's no surprise that pets provide emotional comfort, especially with today's fast paced and stress-ridden lifestyle.
If you own a vacation rental property, it's important to decide whether you wish to adopt an open pet poli...
As a landlord, by investing in the interests of your tenants, you increase your return on investment. Property renovations help increase a unit's desirability. In turn, you can expect a high occupancy rate.
There are a lot of ways to spruce up a rental unit, from subtle fixes like updating hardwar...
Being a landlord means you'll be facing situations during which your decision-making skills will be frequently tested. One of these dilemmas will be between choosing to implement a month-to-month lease versus a fixed-term lease.
Each type of lease entails different benefits and drawbacks. This art...
As a landlord, it's important to make sure your property is in good hands. That's why renewal screening checks are a crucial part of the rental process. Whether you’re just starting out as a landlord or are a seasoned investor, understanding these checks is key to protecting yourself and your prop...
A lease agreement is a long-term contract and runs anywhere between 6 months and a year, whereas a rental agreement typically runs on a monthly basis. A holdover tenant is a tenant who overstays the term of their lease!
Holdover tenants are also referred to as “tenants at sufferance.” It simply m...
Are you looking to rent out your property, but struggling to craft the perfect property listing that will attract potential renters? Writing a good property listing is your chance to showcase the unique features and benefits of your property to entice potential renters to schedule a viewing!
In...
You’ve probably heard about all the benefits that come with real estate investing. Industry leaders talk about its stability as an investment asset (even with rising interest rates) its consistency in rental income, and the various tax advantages available to them.
After years of planning your f...
Are you a landlord dedicated to making your rental meet all safety standards? Making sure tenants and guests feel safe and comfortable is the highest priority for any responsible landlord. While it takes some effort, following a few simple steps can help ensure compliance with local health codes, fi...
When managing your rental home, you’ll be exposed to different kinds of personalities. Some renters are bound to be loud and this can result in complaints from neighbors or other tenants. If you’re renting out a unit in your building, you may also get a warning from an HOA member or building supervi...
Do you want to attract more attention to your available rental properties? Knowing how to advertise is vital!
When you have a rental property, one of your top priorities should be to implement a solid marketing plan. When your property is marketed well, you can reduce your vacancies, attract...
Are you thinking of renting out your home in St Augustine? The additional income can be a great way to increase your savings or pay off debt, especially during slow market periods when its difficult to sell.
While there are many reasons to sell there are even more to rent out your home, it can b...
There are a lot of advantages to having long-term tenants that appeal to property owners. Having a consistent flow of rental income, reducing vacancy rates, and not having to worry about regular property marketing are some that are worth mentioning.
Even if there is a highly competitive market w...
Are you looking to invest in St. Augustine, Florida real estate? Buying an investment property can help you earn passive income and when done right you could see impressive returns!
St. Augustine exudes an old-world charm being recognized as among the oldest cities in the US. It carries a wealth...
With so many tourists visiting St. Augustine each year, as an investor, purchasing a rental home in America's oldest city may seem like a no-brainer. The city offers mild weather all year, sun-drenched beaches, family-friendly attractions, and unique Spanish colonial architecture.
However, invest...
Are you thinking about investing in a rental property in St. Augustine? You’ve come to the right place! This beautiful and historic city has consistently proven itself to be one of the most attractive tourist destinations in America.
St. Augustine hosts about 6 million tourists each year seeking i...