As 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…
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…
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…
DetailsThis is the main question the real estate buyers should ask before they actually enter into agreement to purchase a real estate in Orlando, FL. Failing to do a proper research may be very costly after the closing. Sadly, we see the homeowners inquiring about our property management services while the properties are not zoned…
Details10 Ways to Be a Good Tenant If given a choice, would you choose to get along with your landlord or choose to antagonize them? You should always pick the first because even if it sounds self-serving, you’ll gain a lot of benefits. Getting along with your landlord, of course, stems from you being a…
DetailsUnderstanding language of Fair Housing Act is uneasy and can be even stressful because errors may lead to violations, and violations are extremely costly. Especially terrifying is the language about housing discrimination, and there are a lot of misunderstandings around disparate impact. For example, a Landlord rejects an applicant due to the criminal convictions; therefore,…
DetailsPitfalls of Managing Your Own Property Managing your own property may seem like a dream at first, but many property owners find out later just how stressful and complicated it is. It’s not just a matter of selling or renting. It also involves repairs, paperwork, handling complaints, and even catching up with the latest laws…
DetailsToday Housing industry is one of the most competitive industries. There are variety of homeowners who are looking for professional property management companies to overlook their homes. And there are even more property managers who offer diverse home services. Depending on area, property management services may vary. Normally, Property Managers assist with leasing (tenant placement),…
Details11 IMPORTANT FACTORS TO CHOOSE ORLANDO PROPERTY MANAGER Leer en español By Jenny Alejandro According to research many Orlando homeowners displayed dissatisfaction with their property managers. Specifically, dissatisfaction is associated with either abilities, knowledge, or competencies of the managers. Some research participants indicated that they suffer from poor communication and feel that their properties are…
DetailsAdvantages of Investing in the Orlando Real Estate Market. Leer en español By Jenny Alejandro Demand in the Florida real estate market for investors has increased dramatically, and investing in rental properties is just one way to turn a profit. This type of investment has become popular in recent years due to the ease…
DetailsPRACTICAL TIPS FOR PROPERTY MANAGERS DURING A PANDEMIC The coronavirus pandemic left many industries on their feet – the real estate industry, included. The forced stoppage in all the normal and social things we used to do produced a domino effect. Uncertainty and anxiety make you wish that someone could list some tips for property…
DetailsWhat are the Benefits of Buying U.S. Real Estate When You Live Abroad? Leer en español By Jenny Alejandro The United States has one of the best real estate markets in the world. Now is the time to buy because the U.S. economy has been on an upward climb, and with that comes a favorable…
Details3 Reasons Why Investing in Rental Property In Central Florida Is The Best Idea Ever Leer en español By Jenny Alejandro There are 3 reasons we think investing in rental property in Central Florida is a brilliant move. We realize it is a bold statement, but it is not made without some solid reasoning. Mila…
Details6 Reasons You Need A Property Management Company Leer en español By Jenny Alejandro Being a landlord and self-managing rental properties entails more work than you would anticipate— especially if you are trying to grow your rental property business. Handling tenant and maintenance problems and being physically present at your rental properties is not always…
DetailsCoronavirus and the Real Estate Market Leer en español By Jenny Alejandro The real estate industry is being hit by the coronavirus. And as a consequence of COVID-19 many other industries such as supermarkets, shopping centers, restaurants, airlines, hotels, airports are suspending their workers and / or cutting working hours. Many homeowners are wondering how…
Details1099 FORM EXPLAINED By Valentina Naumenko What to Do With that 1099 from Your Property Management Company If you are a property owner and have a property management company taking care of your rental properties, you may have already received your 1099 form. If this is your first time, you may be wondering exactly what…
Details3 Reasons Why Orlando is Great for Retirees By Valentina Naumenko Looking to move to Orlando, Florida for retirement? You’re making a great choice for your quality of life. Famously pleasant weather, endless entertainment possibilities, and a large population of active seniors are just a few of the reasons retirees make their way down to…
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