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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 …

Most landlords in Florida charge a security deposit. 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 to these rules can come wit…

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 state’s 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. Presen…

Despite a tenant’s best intentions to stay for the entire lease term, there are reasons why they may choose to leave early. They may, for instance, instance, be looking to move closer to loved ones, or perhaps they may need to move due to a new job opportunity. Whatever the reason may be, though, leaving before the expiry of a fixed-term lease is called breaking a lease. As a landlord, you’d be within your right to penalize the tenant for doing so, especially if they leave without paying the remainder of the rent due under the lease. However,…

Florida landlords have a right to evict their tenants for certain legally justified reasons. For example, if the tenant fails to make their rent payments, stays after their lease expires, or fails to uphold the terms of the agreement. However, it’s unlawful to attempt to evict your tenant for retaliatory or discriminatory reasons. Also, all forms of ‘self-help’ eviction tactics are illegal in the state of Florida. Examples include: Locking out the tenant Shutting down previously available amenities Removing the tenant’s belongings from the pr…