Income Realty Inc Blog

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...

The Fair Housing Act prohibits discrimination in housing on the basis of seven protected classes. These classes are race, color, national origin, familial status, handicap, sex, and religion. As such, as a landlord in Miami, FL, denying housing to a prospective tenant based on these protected classes is considered discriminatory.&nbs...

Miami is the largest and most popular city in Florida. It’s well known for its diverse cultures, tasty foods, vibrant night-life, dazzling skyline, and charming beaches. Every year, millions of tourists flock to the city to enjoy Miami’s amazing weather, people, art, among its other attractions. If you are plann...

As a landlord, your rental property is likely to be one of your most valuable assets. As such, it makes perfect sense to protect it.Yet, time and again, landlords in Miami fall behind when it comes to routine maintenance tasks. Sometimes leaving all maintenance duties to their tenants. Either of the two scenarios are not beneficial for yo...

An increasing number of people are choosing to rent rather than buy. This is down to a number of reasons such as rising home prices, hefty student debts, and lingering fears from the housing crash.According to a recent survey by the National Multi-Housing Council, approximately 35% of households in the U.S. are renters.If you are a proper...

If you’re considering buying an investment property in Miami, this is the best time to do it. Since 2015, the property prices have increased by forty percent, and these are expected to grow at 10% annually from 2018 onwards. Various factors can be attributed to this rise including a growing economy, investors pushed by Brexit, ...