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Managing security deposits: Normal wear and tear or property damage?

When 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 scuffs in the paint would be considered normal wear and tear. Faded paint or slightly torn, faded wallpaper. A few small nail holes, chips, smudges, dents, scrapes, or cracks in the walls Flooring: Carpets: Flat, worn or discolored carpet. Vinyl flooring worn thin. Scuffed wood floors from regular use Rust in an oven Grease in a stove hood Interior doors not…

Dealing with Conflicts Between Tenants

So, 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 Conflicts between tenants are just inevitable due to lifestyle, culture, and personality differences. Your task being the landlord, is to help your tenants resolve any misunderstanding between them. Here are a few guides on how to deal with such scenarios. Set rules that will prevent conflicts from arising. Make sure that the lease terms include clear rules about undesirable behaviors that often lead to complaints. Have rules…

Rent Collection Tips: How to Collect Late Rents

Late 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 a serious issue. Any landlord should be able to deal with it. If you are a landlord or property manager, here are some tips to help you collect overdue rent without going through so much stress. 1.      Strengthen communication with the renter Communication with the tenant starts with drafting a clear lease and rent collection policy. The tenant will not be confused with the rent collection details…

Real Review from Savvy Landlord

"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 repairs that were not under a regular wear and tear, and were caused by tenants. Contact person for important or urgent issues is usually Valentina. For repairs issues, even for big repairs with my properties in Arizona, I contact Steven who is also very nice and helpful person. For statements, HOA notices or website/app etc issues you can contact Olga or office@. In regards to the response time,…

5 Reasons to Hire a Kissimmee Property Manager

As 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 face legal issues. But what if you have no time to deal with tenants? What if you are not that well-versed in property management? It’s a valid question that property owners all over Florida are curious to know. The answer is simple: hire a dependable Kissimmee property manager like MILA Realty. What are Property Management Companies and How Do They Work? If you cannot attend to the…

Spring Cleaning Tips for Tenants

Tenants 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 have the abode ready for anything — from visitors to inspection. Spring Cleaning : Tips Before You Begin Don’t roll up your sleeves just yet! Before getting into the action, there are some things you have to keep in mind. Here are some tips to make spring cleaning easier and more effective: ·         Start from top to bottom It would help if you first work on cleaning…

Should You Allow Pets on Your Property?

Tenants 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 how to meet prospective tenants with pets in the middle ground. “No Pets” Policy For most people, pets are part of the family. They are typically allowed to roam freely in and out of the house. But in the case of rental properties, tenants with pets can sometimes be an issue. This is due to the potential damages that pets may bring upon the property and…

Commercial Property Management Do’s and Don’ts

Commercial 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 succeed. Do’s in Commercial Property Management 1.      Study your product. Managing commercial real estate needs specific knowledge about the product type. Office, retail, and industrial properties need different skill sets. You should know the following: The type of amenities your tenants will need The type of services you are supposed to give Common aesthetic standards of the product type 2.      Get a reliable team…

10 Ways to Be a Good Tenant

10 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 good tenant. As easy as it sounds, being a good tenant can be pretty tough to achieve. 10 Tips on How to Become a Good Tenant Being a good tenant comes naturally to many people. A lot of it involves basic human decency, after all. However, there are some other things that you need to keep in mind. We’ve compiled a list of helpful tips, including…

Pitfalls of Managing Your Own Property

Pitfalls 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 regarding real estate and property management. If this sounds like something you cannot do effectively, then it's time to think about hiring an Orlando property manager. Drawbacks of Managing Your Own Property In Florida, you can get on the wrong side of the law if you do not know how to manage your property properly. Here are some of the other pitfalls of managing your own…

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