Property Management Blog

How to Handle Evictions: A Guide for Melbourne Landlords

Real estate is a great investment to make, but it doesn't come without risks.One of the key risks of owning a rental property is problematic tenants. Tenants who damage your property and don't pay rent on time can cause negative cash flows.Landlords can legally evict bad ...

The Benefits of Hiring a Property Management Company in Melbourne, FL

Owning a Melbourne rental property is a great way to start your career in real estate investing.Many first-time landlords misconstrue how much work is involved in running a rental property. If you don't give it 100%, what initially seemed like a promising investment can turn ...

Rental Property Inspections in Melbourne, FL: 4 Things to Know

You were smart to invest in rental property in Melbourne, FL. The area has experienced a year-over-year rental increase of 22.46%. However, you can't simply raise your rental rate because the market increases.Your rental property needs to warrant the increase. Performing rent...

3 Reasons to Hire a Property Management Company in Melbourne, FL

Marketing vacant properties, managing the finances, screening applicants, and fulfilling maintenance requests. There aren't enough hours in a day to do it all alone. With help from a property management company in Melbourne, FL, you won't have to.The best property managem...

Rent Collection Strategies: Ensuring Timely and Efficient Payments

Rent collection is never fun. Not only do you have to contact your tenants, but you also have to keep chasing them up if they're late. And if they're constantly non-compliant, then you'll have to evict them and go through the process of attracting new renters.It doesn...

Is Outsourcing Your Tenant Screening Process a Good Idea?

Filling rental vacancies quickly is a top priority for property owners. However, the last thing you want to do is let critical details fall through the cracks in your search.Lease renewals, timely rent, and pristine units are three points to prioritize. Ideal tenants provide all ...

Property Marketing: How to Attract a New Tenant

Think of the scenario: you have a perfectly well-maintained rental property in a great location. But it's just sitting empty because you don't know how to bring in new tenants.Are you trying to bring in new tenants for your rental properties? It can be a difficult proposi...

How to Write a Notice of Rent Increase for Your Rental Property

Repair costs have risen 10%, property taxes have jumped 20%, and your stress levels as a landlord have increased 100%. It's time to raise the rent at your Melbourne rental property again.Research shows that the city's rent increase year-over-year exceeds the United States...

The Purpose of Performing a Rental Valuation in Melbourne, FL

If you want to generate reliable, recurring income, owning rental properties is a great choice. About 36% of households in the US are rental properties.If you want to build equity and maximize your cash flow, there are a lot of elements to deal with when owning rental properties....

Advantages of Full Service Property Management in Melbourne, FL

About 66.5% of homes in Florida are occupied by their owners, leaving around 34.5% occupied by renters.Rental properties are one of the best ways to generate recurring income, but managing a rental unit isn't as easy as many people think. You'll be faced with all kinds of...