Income Realty Inc Blog

As a landlord in Miami, Florida you need to keep up with rental market trends. Sometimes economic changes demand that you raise your rent price to keep up with the market. Other possible reasons for increasing your rent include: Paying for property maintenanceMatching the current market ratesImproving rental property living conditionsAcc...

Do you own a Miami, Florida rental property?You need to fill the vacant rental units to keep a positive cash flow. There are various ways to lower the vacancy rate. Setting the proper rent is one of the ways to ensure a steady return on investment.Asking for a suitable price for the unit attracts renters quickly. However, appraising for e...

Perhaps you have a new Miami property to rent out or perhaps a tenant decides not to renew his lease. In this case, you must conduct the necessary preparations before the new tenant arrives. You should check that everything is in working condition and that the space is tidy. The attractiveness of your property should be prioritized so the...

Is buying an investment property before your first home a smart choice? This is a question that many prospective investors in Miami often ask themselves, and in this blog post, we’ll try to answer it based on current trends.The following are four good reasons to consider purchasing an income property before your first house.&nb...

Most property owners agree that the most beneficial reason to hiring a property management company is the concept of freedom. By using professionals to manage your property you will not need to be in the vicinity to complete transactions. For example, you can take a vacation when the manager deals with tenancy issues in your property.The ...

Florida has no strict rule on rent increase notice and Miami doesn't have any local laws applying to rent control.But, there are still other guidelines to keep in mind regarding for example:A) When to raise the rent in the first place.B) The right and wrong time to raise your tenant's rent.In this article, you'll learn about h...

We've learned about the importance of handling renovations and how they keep your rental property fresh. Desirability is one of the decisive factors in the rental market. All the updates and repairs ensure your property won't lose its appeal.Some rental home renovations are even plain necessities. Others may not look essential at ...

Owning a rental property in Miami can be lucrative, no doubt. That said, there is more to being a landlord than just collecting rent at the end of the month. As a landlord, you have a responsibility to your tenants as per the Florida landlord-tenant law. So, if you are just starting out or are looking for more information on what yo...

Replacing tenants regularly is bad for business. Not only does it take time, but it can be a costly affair. The following are some of the costs associated with tenant turnover. Lost Income: A vacant rental property means zero rental income at the end of the month. If you are relying on your rental income to cover your mortgage paymen...

 Accepting Pets in Your Rental PropertyShould I allow a pet in my rental property?  Now, did you know that over 65% of U.S. households have a pet? And by restricting pets in your rental property, you're limiting your property to about 30% of tenants. Now, what are the benefits of allowing a pet in your property?  Bene...