The foundation of any successful real estate venture is often built on the quality of its tenants. Much like a sturdy base ensures a building’s durability, the right tenant choices pave the way for a smoother rental process. However, the key lies in effective screening – sifting through the many to find the best. So,…
DetailsBeing a landlord might seem like an easy way to generate passive income, but property management is far from hands-off. In fact, the process requires diligence and a keen eye for potential pitfalls. So, whether you’re an experienced landlord or just starting out, it’s crucial to be aware of common mistakes to ensure your venture…
DetailsAs a landlord and investor, you probably know how vital it is to keep your property in top-notch condition. After all, dealing with distressed properties can be a nightmare, as they’re draining on both your time and finances. But what if we told you there’s a simple and effective solution to this problem? Routine property…
DetailsA Unique Tax Situation in the Sunshine State As a savvy business owner or investor, understanding the tax implications of commercial rent in Florida is vital to your financial planning. Interestingly, Florida is the only state in the United States that imposes a sales tax on commercial rent. This unique tax has sparked a longstanding…
DetailsAs a property owner, securing long-term tenants is key to ensuring the success and stability of your investment. These tenants bring a multitude of benefits, including reliable income streams and minimal turnover costs. But how do you go about attracting and retaining these highly sought-after renters? Keep reading! Today, we’re going to give you our…
DetailsAs a first-time renter, finding a place to call home can be overwhelming and intimidating. The process can be daunting, from scouring listings and filling out applications to negotiating leases and signing contracts. But don’t worry! With a little preparation and know-how, you can find the perfect rental home and make a smooth transition. Today,…
DetailsAs a landlord or property manager, collecting rent from tenants can be a tedious and time-consuming task. It involves sending reminders, following up on late payments, and tracking income and expenses. But with the help of property management software, this process can be streamlined and made more efficient. In this article, we will discuss seven…
DetailsThe standard renter’s insurance policies include coverage for fire, hail, wind, or falling objects related to hurricanes. However, renters insurance is not responsible for and does not cover flood damage from a storm or hurricane. Instead, renters’ insurance covers hurricane damage under personal property coverage and loss of use coverage. Meaning victims of the hurricane…
DetailsMany association Boards of Directors, in an effort to help keep assessment costs low, decline the purchase of a workers compensation policy for the association. The reasoning for this is often times based on the presumption that the association has no employees so a workers comp policy is not needed. This couldn’t be further from…
DetailsAccording to 2021 Zillow report, more renters say they considered buying. Specifically, more than half (56%) say they considered purchasing when they were looking for a home to rent. They say real estate purchasing starts with real estate agent. True, but often agents would ask for a pre-approval letter before they even begin any search.…
DetailsHow long does it take to get your property rented? Not long at all! Our Property Management experts believe that if rental listing remains active for more than 5 days, it’s concerning. Let’s review why your property is active for unacceptably long time. 🔥 Your listing is overpriced. You may have a well-maintained property, but…
DetailsLeading Orlando management company, Mila Realty, helps more clients enjoy win-win situations amidst rave reviews from rental homeowners The team at Mila Realty has grown over the years to become a leading name in the rental market in and around Orlando. The Kissimmee property management firm has particularly stood out for helping rental estate investors to deal…
DetailsHurricanes may seem like a regular annual occurrence to most Floridian homeowners, but to the majority of the nation, they are a force to be reckoned with. Whether you are a brand new homeowner or a seasoned one, owning a property in one of the states that are impacted by the hurricane season comes with…
DetailsAs the prospects of no income tax and beautiful weather continue to attract out-of-state investors, the Florida real estate market is booming and it seems that there is no end in sight. Central Florida, especially the greater Orlando area has seen a drastic influx of home buyers due to its ideal location in terms of…
DetailsWhen the lease ends, property condition and move- out inspection report may create many questions or even disputes between Landlords and Tenants. While every state is different, Mila Realty Property Managers put together some factors to consider when one manages a security deposit to avoid potential mistakes. What is Normal Wear and Tear? Walls: The…
DetailsSo, you have a property available for rent. You posted it online, and a few prospects expressed their interest. You then do a thorough screening and choose the best one among them. However, a week after the turnover, you receive a complaint about your new tenant’s behavior. Tips for Property Managers Dealing with Tenant Conflicts…
DetailsThe “landlord” title comes with as much responsibility as it does prestige. From vetting the tenants to collecting rent payments and managing repairs and maintenance, the list of responsibilities of a homeowner and landlord are never-ending. Hiring a competent and reputable property management firm could take the weight off your shoulders by shifting the workload…
DetailsLate rent collection is one of the biggest challenges a landlord has to go through. It’s absurd to overreact and start serving legal rent-demand notices. This only creates unnecessary tension if the resident has an acceptable reason for not paying rent on time. That said, however, it doesn’t discount the fact that late rent is…
Details“I’m working with Mila Reality since June 2018. Valentina helped me a lot with the moving process, she quickly analyzed the properties and updated all the rent leases of my properties (3) which were about 20-25% below market value. Repair cost and frequency were also significantly reduced. For the first time I stopped paying for…
DetailsAs a responsible property owner, you are in charge of the upkeep and maintenance of your property. This is especially true if you are a landlord leasing property to tenants. You cannot just ignore them when they call or get back to them at your own convenience. You have to act immediately; else, you could…
DetailsTenants need to keep the property in the same condition as when they first moved in. That means keeping it clean and neat to avoid incurring damages outside the ordinary wear and tear. Spring cleaning is a perfect opportunity to refresh and bring back the property’s charm. Here are some spring cleaning tips that will…
DetailsThere is no place like home. As much as we love our homes as much our homes require our attention. Luckily, maintaining the property does not have to be complicated when we use simple but smart techniques consistently. With preventative maintenance, homeowners can help equipment near the end of its product lifecycle to work or…
DetailsTenants who want to bring along their pets to your property can be a challenging situation. While some property owners allow it, others are quite reluctant — and for good reasons. Should you be relaxed about it, or should you restrict it? Let’s look at the pros and cons of pets on your property and…
DetailsCommercial Property Management Do’s and Don’ts One of the effective ways to boost a commercial real estate’s value is with excellent property management. Although purchasing a Kissimmee property at a great price is crucial, what you do with it is more important. Here are some do’s and don’ts in commercial property management to help you…
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