Property Management Blog

Tuesday, February 27, 2024

Rental Income/Expenses - IRS
Click here to read the IRS website

Tuesday, November 14, 2023

Self Help Evictions
Self-help eviction is the act of a landlord taking back possession of a rental property without going through the legal process of eviction. This can be done by changing the locks, removing the tenant's belongings, or turning off the utilities. Self-help evictions are illegal in Florida, and landlords can be held liable for damages if...

Thursday, June 9, 2022

Furnished VS. Unfurnished
Landlords often ask us if they should rent their investment property furnished or unfurnished.If you have a short term rental, furnishing it is a must. However, if you have an investment property on the market as a long term rental, we always recommend that landlords rent it unfurnished.Why do we recommend unfurnished rentals? The key as ...

Sunday, May 1, 2022

Tax Deductions for Owners
What can I deduct on my taxes?UtilitiesProperty TaxesHOA FeesPM FeesLawn ServiceRepairs What you can’t deduct:New appliancesNew windowsNew roofRestorationsRenovationsImprovementsPlease note that we are not a CPA and this is for informational purposes only. All information must be confirmed by your licensed CPA.

Thursday, July 1, 2021

Why We Hold Payments For 10 Days
Have you ever wondered why your Property Manager is holding payments they have received from your tenant for 10-15 days after your tenant pays the rent? Here’s why. This screen shot of one of our tenant ledgers shows the tenant making a payment on 11/10 and the payment then bounces on 11/17. If your Property Manager paid that paymen...

Tuesday, February 23, 2021

FL Smoke Alarms Law
LANDLORD/TENANT ACT(b)  Unless otherwise agreed in writing, at the commencement of the tenancy of a single-family home or duplex, the landlord shall install working smoke detection devices. As used in this paragraph, the term "smoke detection device" means an electrical or battery-operated device which detects visible or in...