Squatters Laws in Florida 2024
On May 15, 2024, Governor Ron DeSantis signed the "Property Rights" bill, also known as HB 621, into law. This new law helps protect homeowners' rights against squatting in Florida and all over the US. Squatting is when someone moves into an empty building or space without permission. The HB 621 law is meant to give property owners stronger legal tools to deal with this. Governor DeSantis made it clear that this bill is all about safeguarding homeowners' investments and keeping property values up. Passing HB 621 is a major step in making sure p…
Continue Reading...Important Factors for Real Estate Investing
Real estate investing can, without a doubt, be a lucrative venture. While location is an incredibly important factor to consider for real estate investing, there are other factors to consider as well. In today’s article, we’ll look at some of the most important factors any investor should be looking at before getting their feet wet. Location This cannot be emphasized enough! Location remains a top factor for real estate investing. You want to buy a property in the right location to maximize your return on investment as quickly as possible. Th…
Continue Reading...Buying Investment Property When Interest Rates are Rising
Interest rates have often been an indicator of economic health. When they rise many prospective investors hesitate; after all, the cost of financing and maintaining rental properties can substantially impact returns. While it's true that rising interest rates can have a significant impact on the real estate market, rental properties remain an attractive investment option due to their potential for stable cash flow, tax benefits, diversification, and long-term appreciation, making them a compelling choice for investors even in a higher interest …
Continue Reading...What Landlords Should Know About Move-Out Letters
As a landlord, you have the right to renew or not renew a tenant’s lease for another term. If you’ve had a good relationship with a tenant, then it’s a no-brainer to renew it. However, if your relationship with them has been a challenge, then you may want to end things for the sake of your peace and bottom line. But before you can end things, there are certain things that you must do to protect yourself and your investment. One of these things is sending the tenant a move-out letter. Just like the lease, it’ll help you outline your expectation…
Continue Reading...The Importance of Regular Property Inspections
Owning a rental property can be an incredibly rewarding venture, providing you with a passive source of income and long-term wealth growth. However, the return on your investment can be affected by signs of damage and deterioration caused by everyday living. Luckily, you can mitigate these risks by conducting regular property inspections. If you don’t know how to properly inspect a property, don’t worry! The experts at Sun-Pro Realty and Management have your back! In this guide, we’ll go over everything you should know about property inspectio…
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