Blog | Sun-Pro Realty & Management

15 Terms All Real Estate Investors Should Know

Key Takeaways Know the Terms: Understanding key real estate terms helps landlords make smarter, more profitable decisions. Watch the Numbers: Metrics like cash flow, NOI, and vacancy rate directly impact your bottom line. Get Expert Help: Sun-Pro Realty and Management turns knowledge into action with professional, results-driven support. Are you confident in your understanding of the language used in property transactions, financing, and management? Successful real estate investing requires understanding key industry terms that impact your …

Property Management Guide for Foreign Investors

Key Takeaways Set Up a Legal Entity: Forming an LLC or Corporation offers liability protection, simplifies finances, and can improve access to U.S. lenders. Understand U.S. Tax Obligations: Foreign investors must file U.S. tax returns and may be subject to FIRPTA and other complex rules, professional tax advice is essential. Hire a Property Manager: A trusted, experienced property manager ensures smooth day-to-day operations, legal compliance, and peace of mind for foreign investors. Buying real estate in the United States as a foreign inves…

How to Encourage Tenants to Report Repairs Promptly

Key Takeaways Early Reporting Prevents Bigger Problems: Small issues like leaks, loose fixtures, or pests can quickly escalate into costly repairs if not reported promptly. Clear Communication Encourages Action: Tenants are more likely to report repairs when there’s a simple, well-explained process and consistent, responsive communication. Proactive Management Builds Trust and Reduces Risk: Regular inspections, education, and a respectful landlord-tenant relationship foster accountability and help maintain the property effectively. When tena…

Real Estate Metrics Investors Need to Know

Key Takeaways Key Metrics Drive Smart Decisions: Understanding metrics like ROI, Gross Rental Yield, and Net Rental Yield helps real estate investors make informed decisions, minimize risks, and maximize returns. Property Performance Indicators: Metrics like vacancy rates and cash flow provide valuable insights into a property’s current performance, guiding investors to assess profitability and make adjustments if needed. Long-Term Value with Appreciation: Appreciation rates offer a critical perspective on a property’s long-term growth potent…

What You Should Consider When Creating a Rent Increase Notice Letter

Key Takeaways Clear Communication: Always provide a well-crafted rent increase notice, explaining the reason, effective date, and legal notice period. Research and Compliance: Ensure your rent increase aligns with market rates and follow local laws, giving tenants 30 to 60 days' notice. Justify Increases: Offer clear reasons, like inflation or property upgrades, to maintain tenant satisfaction and avoid retaliatory increases. Raising rent is sometimes an unavoidable part of being a landlord, whether due to rising inflation, increased mainten…