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Evictions and New Federal Eviction Moratorium

On March 27, 2020, Congress passed, and the President signed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) into law. The purpose of this article to shape possible misunderstanding about the eviction process and shed more light about how some leases may end during the COVID-19 times. On March 27, 2020, Congress passed, and the President signed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) into law. The Eviction Moratorium restricts certain residential landlords from filing new eviction actions for non-payment of rent, and also prohibits charging fees, penalties, or other charges to the tenant related to such nonpayment of rent. Mainly this bill is related to Landlord who participates in a federal program, such as…

Does Mila Realty have any Awards?

Property Management.com has named Mila Realty as one of the multi-year winners for its Best Property Management Companies Award. 285 property management companies participate in the competition annually. This recognition is given each year to property management companies that have consistently shown exceptional performance. Congratulations!  

Do you service vacation rental properties?

Absolutely! This is how we started.If you are considering to invest in Orlando Real Estate, we can help to buy and manage your own vacation home, where your family will spend next vacation. We are a complete one-stop boutique for real estate investors, and we are committed to find the real deal when it comes to negotiations, mortgage, income generation, and management. Because long term rentals and short term rentals are two different worlds, our sister-company handles all vacation homes. You can see more here.  

Do you provide owners statements?

Absolutely, yes!  Please use this link to see the Sample. Our statements come with three main components: Summary, Income, and Transactions details. We release the statements by the 5th of each month, and it will arrive by email in PDF format. Sometimes we may need to generate statement for past three months or even for a last year (for example when we are getting ready to file our taxes). You can easily modify this document by using the owner’s portal. To learn more about owner’s portal, please refer to this video.  

Do you negotiate price for repairs with vendors?

Absolutely, yes! Negotiations are better with property management company. Just like in real estate transaction where Buyer needs a Broker to negotiate the best deal on purchasing or selling, real estate investor may need a property manager to make sure that the best rates will be provided for the property repairs. It may include savings on labor, material, and time. Consider the case when investor just purchased a distressed property. Often, to sell or rent the property, the repairs are needed. Obviously, property maintenance is costly. To safe money and headache, it is recommended to seek for property management Kissimmee FL and maintenance provider. Normally, experienced property manager has established team of…

Covid 19 & Property Management

Dear Landlords, With the current global crisis, we know that many of you are very concerned about vacancy and rental income. As residents may lose the opportunity to work, there is a possibility that rent will be delayed. The last few days have been incredibly challenging and confusing for everyone. Please know that you are not alone. Our success is dependent on the success of you, our homeowners. We are partners, and we will get through this crisis together. We take absolute measurements to secure uninterrupted rental income. As today there are two main focuses, which are active listings and stressed residents. We are dedicating more and more  time to meet with our prospects, applicants, and residents. We are here to listen, discuss, negotiate, and secure positive resolutions. We have astronomic willingness to assist and…

Rental Owner Portal

Mila Realty rental portal is a perfect solution for busy homeowners to oversee the performance of their rental property. The portal gives our owners instant access to review your statement at any time. In addition to the portal, owners will also receive a PDF detailed copy of the monthly statement that will show all transactions that had taken place during the designated time-frame. So, what else is great about our owner portal? Financials and General Ledger The Financials tab of the portal shows the full income and expense activity for the property. The homeowner can drill down to specific line items within the General Ledger as well as obtain specific transaction details. Documents The…

Normal Wear and Tear or Property Damage?

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 properly closing. Doors sticking from humidity; Bathrooms: Toilets leaking. Loose grouting and bathroom tiles. Rusty shower rod, drain and tub. Worn or scratched enamel in bathtubs, sinks, or toilets; Worn countertop; Loose hinges or door handles;…

Do you service vacation rental properties?

Absolutely! This is how we started. If you are considering to invest in Orlando Real Estate, we can help to buy and manage your own vacation home, where your family will spend next vacation. We are a complete one-stop boutique for real estate investors, and we are committed to find the real deal when it comes to negotiations, mortgage, income generation, and management. Because long term rentals and short term rentals are two different worlds, our sister-company handles all vacation homes. You can see more here

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