Investing in St. Petersburg, Florida offers some unique advantages that a lot of other areas don’t provide. You’ll also be able to insulate the return you earn on your investment in this area, and we’re going to explain how.
Landlords who are self-managing their properties will often call with stories about tenants who haven’t paid rent in a couple of months and they don’t know what to do. I’m not a lawyer, and while I am always happy to answer questions about the eviction process, if you aren’t sure what to do when it becomes necessary to evict a tenant, I always recommend you consult a lawyer. In our blog today, I will cover some basics of eviction in St. Petersburg and the timelines that are involved.
Investors and rental property owners must become familiar with the Florida Landlord and Tenant Act, which is very clear about what can and cannot be done when making a claim against security deposits. It can be frustrating for property owners to want to charge tenants for what looks like clear damage to a property. However, if the law considers it wear and tear, you have to be very careful.
Filling vacancies is a problem that many landlords have, especially when they are managing their own properties. It can be hard to keep that property filled and to find a new tenant when someone moves out. We have a few tips for avoiding long vacancies and finding good tenants.
One of the greatest challenges for investors is getting stuck with tenants who don’t pay rent on time, stop paying rent or don’t take care of the property. A lot of that can be avoided with proper screening. When you screen tenants properly, you can weed out a lot of those undesirable tenants. In our years of property management, we’ve executed thousands of leases and we can count on one hand the number of people we’ve had to go to court with.