What is Mold ?
Florida Property Management Services LLC
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1M ago
The basics of what to do According to the Centers for Disease Control and Prevention, Mold is a fungal growth that forms and spreads on various kinds of damp or decaying organic matter. There are many different mold species that come in many different colors. Molds are sometimes referred to as mildew. They are found both indoors and outdoors in all climates, during all seasons of the year. Outdoors, molds survive by using plants and decaying organic matter such as fallen leaves as a source of nutrition. Indoors, molds need moisture and a carbon source from building materials or building cont ..read more
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Storm Watches, Warnings, Advisories
Florida Property Management Services LLC
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2M ago
It is very important to become familiar with all the terms used by the National Hurricane Service when a tropical storms is heading to our area.  Tenants and Landlords must prepare for the storm in a timely manner and follow all instructions from the local authorities. An excellent resource of information is the NHS website at https://www.nhc.noaa.gov/ Let's see some definitions: Tropical Weather Outlook :  The Tropical Weather Outlook is a discussion of significant areas of disturbed weather and their potential for development during the next 5 days. The Outlook includes a categori ..read more
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About Flood Insurance
Florida Property Management Services LLC
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3M ago
A very important insurance for property owners The National Flood Insurance Program (NFIP) is managed by the FEMA and is delivered to the public by a network of more than 50 insurance companies and the  NFIP Direct . Floods can happen anywhere — just one inch of floodwater can cause up to $25,000 in damage. Most homeowners insurance does not cover flood damage. Flood insurance is a separate policy that can cover buildings, the contents in a building, or both, so it is important to protect your most important financial assets — your home, your business, your possessions. The NFIP provide ..read more
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Rental Discrimination
Florida Property Management Services LLC
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6M ago
Basics about Protected Classes The body content of your post goes here. To edit this text, click on it and delete this default text and start typing your own or paste your own from a different source ..read more
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Rent Control - A Solution? by Gaston Reboredo CCIM CPM
Florida Property Management Services LLC
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8M ago
The Pros and Cons of Rent Control Policies Research by the Harvard Joint Center for Housing Studies (JCHS) found that although 6.7 million housing units were added to the market between 2005 and 2015, the vast majority of those homes were designed to accommodate only the smallest and wealthiest portion of the rental population. Units renting for less than $800 a month declined by 2%, while units renting for $2,000 or more a month increased by a whopping 97%. What we have seen since 2020 to date is even more impressive, rents across the Nation have been going up 20%, 30% and in some cases eve ..read more
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Septic Tanks
Florida Property Management Services LLC
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10M ago
A brief conversation about how to fix common septic tank problems More than 2.7 million septic tanks lay buried in Florida . Many pollute our waterways. Cleaning them up will cost billions. Millions of Floridians flush toilets, take showers and wash clothes every day with little thought about all the waste flowing down the drains and into their septic tanks But many of those septic tanks are too old, too close to each other, and too close to groundwater. Most were never designed to remove nitrogen. Statewide, nitrogen and other contaminants flowing into septic systems seep out through Florid ..read more
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Increasing Real Estate Return on Investment
Florida Property Management Services LLC
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1y ago
Using Positive Leverage, other people's money to increase returns How to increase return on investment in residential real estate by using debt financing .  I see many small residential real estate investors buying properties cash. To obtain the maximum possible return of a real estate investment an investor needs to review that he/she is renting the property at the maximum possible market rent, has a comprehensive maintenance program with cost reduction strategies and uses debt under a positive leverage situation.  The use of debt, such as mortgage financing, is a perfect way to ..read more
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Lease Non Renewal
Florida Property Management Services LLC
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1y ago
Non Renewal Mistakes Landlords must be aware of common mistakes when it comes to non renewing Lease Agreements.  The law Offices of Law Offices of Heist, Weisse & Wolk, P.A. are attorneys in Florida that specialize in landlord/tenant law. They provide legal services to landlords all over the State of Florida since 1989. Watch the video from attorney Harry Heist below, explaining mistakes when it comes to non renewing a lease agreement. For any legal matters regarding landlord/tenant law please feel free to contact their offices at  Phone: 1-800-253-8428 or visit www.evict.com ..read more
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Eviction Moratorium Update August 2021
Florida Property Management Services LLC
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1y ago
Supreme Court Ruling August 27 2021 The U.S. Supreme Court ended the Centers for Disease Control and Prevention (CDC’s) eviction moratorium Thursday night, giving much-needed relief to America’s small housing providers facing financial hardship for more than a year.    In a 6-3 ruling, a majority of justices agreed that the stay on the lower court’s order finding the CDC’s eviction moratorium to be unlawful was no longer justified.   In their order, the justices wrote, “The moratorium has put the applicants, along with millions of landlords across the country, at risk of irrep ..read more
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Real Estate Investment Analysis
Florida Property Management Services LLC
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1y ago
Discounted Cash Flow Analysis and Internal rate of Return Basic Concepts  The main purpose to invest in real estate is to obtain a good return on investment with limited well defined and measured risk. Capital follows the highest return adjusted for risk and real estate is a vehicle to obtain good returns consisting of current income and future appreciation.  In the process of purchasing an investment property, an investor must take into account several factors when analyzing the investment. Property condition, location, potential for future appreciation, current income, potential ..read more
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