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Most landlords in Florida charge a security deposit when renting out a property. And rightfully so as it helps provide for a financial cushion against negligent actions by tenants. In addition, it also incentivizes tenants to care for their unit in order to get a full refund of their deposit. Requiring a security deposit does, however, come with a slew of responsibilities for a landlord. Among other things, there are rules on how you can store it, how you can use it, and when you should return it. It also goes without saying that noncompliance…

Landlords in Florida have certain legal obligations they must adhere to. Whether you’re just getting started or are looking to learn more, here’s an overview of the Florida Landlord-Tenant laws. Required Landlord Disclosures in Florida When renting out a property in Florida, there are certain disclosures that you must make to your tenant before they can sign the lease agreement. The disclosures are as follows: Landlord’s Identity You must advise your tenant of your identity or the identity of the person authorized to act on your behalf. Presenc…

Are you considering converting your home into a rental property? Renting out your Daytona Beach house rather than selling it can be a great option! Besides the potential your property may have to further appreciate in value, you may also be able to generate some cash flow by collecting rental payments. Furthermore, renting out a property does come with a myriad of tax deductions. But while renting out a property in Daytona Beach can be lucrative, the role of a landlord in itself can be daunting. It’s no wonder savvy property owners turn to pro…

Long-term tenants are one of the most sought-after groups of property owners. Renters staying a long time in your rental property means you can collect a consistent income. You’re also free from needing to market vacant units and run a comprehensive tenant screening on new prospects. Initially, it may look hard to gain long-term tenants, however, there are tried-and-tested techniques that you can employ to gather these types of tenants. Below are tips on how to make your renters stay for a long time: Keep Running Marketing Campaigns for Your Re…

Investing in real estate comes with many benefits. The key benefit of investing in real estate has to be the constant flow of rental income. Furthermore, landlords can also enjoy protection from economic shocks, the property can serve as a hedge against inflation, and an appreciation in value. To enjoy all these benefits and more, it is prudent for an investor to choose a prime location to acquire a rental property; Daytona Beach is such a location. In this article, the experienced team from Sun-Pro Realty and Management outlines several tips …