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Income Realty Inc Blog

Wednesday, June 9, 2021

What’s Considered "Normal” Wear and Tear?
Like all material things, your home is also subject to normal wear and tear. The floors may not be as smooth, your tiles may not look as bright and your door may have scratches here and there. All these are normal and expected. Homes naturally depreciate over time. This is normal and acceptable. Your rental unit won’t look the same ...

Wednesday, June 9, 2021

The Ultimate Checklist for Miami Landlords
Investing in real estate has been cited as one of the most profitable and secure forms of investment. For decades, investors have sunk their resources and reaped sizeable benefits from their rental properties.  Real estate can help you achieve your financial goals! This is due to the longevity of the asset, you have assured a stable ...

Thursday, April 1, 2021

A Guide to 1031 Exchanges in Miami
There are a number of reasons you might consider a 1031 exchange, from swapping out a potentially bad property to saving on taxes.As a savvy investor in Miami, you can make huge tax savings when looking to sell an investment property. Normally, when selling a business or an investment, the IRA expects you to pay up to 30 percent in taxes....

Friday, March 5, 2021

How to Know if Your Rental Property Meets Safety Standards
Being a landlord involves more than just collecting rent at the end of the month. By law, landlords are also required to ensure their rentals meet certain basic health, safety and building codes. That’s why regular property inspections are key to running a successful investment. Ideally, you’ll want to have...

Wednesday, February 24, 2021

Tips For Growing Your Rental Business In Miami
Today, over 43 million housing units are occupied by renters in the United States. And even with that consistent rise, there continues to be a high demand for space to rent and not enough supply in return. Answering the problem to that statistic marks great opportunity for investors whose main bread and butter is in property rentals. But ...

Tuesday, February 2, 2021

How to Choose a Property Management Company
So you’ve arrived at the decision to hire a property management company. You want peace of mind and to reclaim your time. You want someone to take over property maintenance and repair on your behalf.Having a team of highly-qualified property management experts on your side is a great call. Now, you need to know which one to pick. T...

Monday, February 1, 2021

Top Tenant Complaints and How to Solve Them
Many tenant complaints fall along the recurring issues of security deposit refunds, privacy breaches, pest infestations, unresponsive landlords, and noise problems. If you’re a new landlord, it’s best to create a plan to prevent tenant dissatisfaction.As a property owner, your main focus should be keeping your renters happy, ...

Monday, January 11, 2021

Should You Create an LLC for Your Miami Rental Property
With perpetually balmy weather and a strong economy, it comes as no surprise that many want to set up a base in Florida, especially in Miami. In fact, entrepreneurs have been buying properties in the Sunshine State to accommodate the growing population and enjoy a high return on investment.    If you happen to be inter...

Tuesday, December 22, 2020

9 Ways to Avoid a Bad Investment Property
Buying an investment property can be a good way to diversify your portfolio and earn passive income. In fact, many of the world’s wealthiest people made their fortunes by investing in properties. But, as with any other type of investment, property investment isn’t without risks. There are a couple of things that can comp...

Monday, November 30, 2020

Investing in Miami Rental Property for Beginners: A Guide in 5 Easy Steps
Are you looking to make your first rental property investment?  Maybe you are considering buying your first investment property, or are thinking about converting your home into one? Either way, you’re taking a big step! When you are just starting out, it can be hard to imagine the extent of the responsibilities that come with i...

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