So, you’ve recently inherited a property in Miami—maybe it’s a classic Art Deco home along the water or a charming bungalow in a quiet neighborhood. This isn’t just any real estate; it’s a unique piece of Miami, brimming with potential. At first, inheriting property seems like a wonderful gift and a valuable ...
Miami Property Management Blog
9 Top Challenges of Managing Rental Properties in Hollywood, FL
Thursday, November 14, 2024
Owning a rental property in Hollywood, FL, can seem like a dream come true. After all, the area is booming, and the rental market offers plenty of passive income opportunities. However, as many property owners soon find out, managing rental properties isn’t just about collecting rent — it’s a full-time job that requ...
What You Need to Know for Multifamily Property Insurance Applications
Monday, October 14, 2024
Starting a rental home business through multifamily property is such an exciting experience, but knowing how to protect your investment is also crucial! Whether you’re managing a small duplex or a large apartment building in Miami, multifamily property insurance is something you can’t skip. Here’s everything you need to ...
Pros and Cons of Applying for Multifamily Fannie Mae Loans
Saturday, September 14, 2024
“The Loan We All Own.” As investors, we know that you might hear this slogan from Fannie Mae at times, especially when you are making an investment loan. Fannie Mae loans are one of the biggest sources of capital within the U.S. real estate industry. You can apply for lower-cost financing for your investments through this...
A Property Manager's Guide to Multi-Family Property Maintenance
Wednesday, August 14, 2024
The market for multi-family property is continuing to surge in 2024. According to a market report from the first quarter of 2024, the growing supply of multi-family units is continuing to break records. Over 135,000 new units were delivered in the quarter, and demand for multi-family housing remains just as strong as the record-breaking s...
Miami Property Manager’s Guide to Tax Time and Sending 1099s to Landlords
Sunday, July 14, 2024
Death and taxes. So much has been said about the certainty of the two. Yet it seems like we talk much more about dreading the time for the latter. That may be even more true for those in business and investing. Even the most adept of property owners can get a chill up their spines when it comes to dealing with taxes.If you’re a land...
Owner Statements and Reporting: Metrics Property Owners Need to Track in Miami, Florida
Friday, June 28, 2024
If you work with a property management company, you probably receive owner statements from them regularly. Don't write these off as yet more paperwork to consume your valuable time.These documents contain important information that can help you improve your rental business. They're even more important now that the IRS has lowered ...
Vacant No More: How to Attract Tenants to Your Miami Properties
Monday, May 20, 2024
Have you neglected marketing your rental property? If so, you're missing out. 41% of recent buyers began their homebuying process by searching online.In today's fast-paced digital world, finding good tenants for your rental property quickly is crucial. Every day your unit remains vacant, you miss out on valuable income.This articl...
3 Portfolio Management Tips for Miami Landlords
Sunday, April 28, 2024
When you think of picture-perfect locations to start a real estate portfolio, Miami is a city that comes to mind.Millions of visitors escape to this destination during vacation season, not to mention the millions more that move to Miami for career opportunities. These two points help increase the value of Miami real estate.How do you star...
The Benefits of Professional Rental Property Management Services
Wednesday, March 20, 2024
Miami has the second-highest vacancy rate nationwide, but that's not due to a lack of demand. Most of these homes are vacation homes, left empty during the off-season.Ironically, it contributes to the shortage of residential rental units citywide, making the Miami real estate industry perfect for investors wanting to earn passive inco...
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