Property Management Blog

Showing a Property with Tenants

By Income Realty, Inc. Thursday, November 18, 2021

When a tenant gives notice of their intent to vacate your rental unit, it’s only prudent to start scouting for a new tenant as early as possible. Finding a tenant early will help you avoid losing rental income and also reduce the cost of maintaining a vacant unit. However, ...

Is a Month-to-Month Lease Better for Landlords?

By Income Realty, Inc. Thursday, November 18, 2021

A month-to-month lease is exactly what it sounds like. It’s a rental agreement that renews on a monthly basis. It runs until either party terminates it by giving a 30 day written notice. Generally, landlords use this type of agreement to extend existing leases. However, it&...

Should You Offer Deals to Find Tenants for Your Miami Rental Property?

By Income Realty, Inc. Wednesday, September 29, 2021

It can be tough to attract tenants and fill out your Miami property vacancies. If your marketing efforts have not resulted in new prospects or you’re suffering from high turnover rates, you can manage this by using a rent concession.Remember that as a landlord you are under...

7 Amenities Renters Can't Resist in Miami

By Income Realty, Inc. Wednesday, July 21, 2021

You can create the most vivid property descriptions and post professional photos and videos, but at the end of the day, tenants are attracted to quality amenities. Offering a range of exciting amenities is a key way to keep long-term tenants in your Miami rental home. Altho...

What are Your Mortgage Options When Buying an Investment Property?

By Income Realty, Inc. Wednesday, July 7, 2021

The home loan process can be daunting and unfamiliar, particularly for first-time home buyers. The process involves several steps like applying for the loan, discussing the terms with the bank, getting documents evaluated, processing the loan, and signing the agreements. Und...

What’s Considered "Normal” Wear and Tear?

By Income Realty, Inc. Wednesday, June 9, 2021

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...

The Ultimate Checklist for Miami Landlords

By Income Realty, Inc. Wednesday, June 9, 2021

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 d...

A Guide to 1031 Exchanges in Miami

By Income Realty, Inc. Thursday, April 1, 2021

There are a number of business or investment purposes a real estate owner might consider a Florida 1031 exchange, from swapping out a potentially bad property to saving on federal capital gains taxes. It can benefit you as a property investor as you exchange one investment proper...

How to Know if Your Rental Property Meets Safety Standards

By Income Realty, Inc. Friday, March 5, 2021

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...

Tips For Growing Your Rental Business In Miami

By Income Realty, Inc. Wednesday, February 24, 2021

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 invest...