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Orlando Area Property Management Blog

6 Mistakes Real Estate Investors Make When Budgeting for Their Rental Property
By Ackley Florida Property Management Saturday, September 10, 2022
Getting into Real estate investment is tricky and risky at the same time. Real estate requires a good portion of research. It is important to opt only for those with highly planned investor services. One of the main concerns in this regard is the budgeting of the rental property.... More +

What are Estoppel Letters and Why Would You Need One?
By Ackley Florida Property Management Tuesday, September 6, 2022
In the broad legal sense, an Estoppel letter is a certificate or a letter that may be required during the due diligence phase or the underwriting process. An estoppel endorsement or letter is the point at which a party has endorsed an assertion that another person's benefit h... More +

Two Contract Contingencies That Always Concern Sellers
By Ackley Florida Property Management Tuesday, August 30, 2022
While you're chipping away at the PC, the "undo" button can be an invaluable tool. Similarly, a contingency clause can be invaluable when you are selling or buying a home.Contingency clauses provide a way for one or both parties to retreat from a real estate contrac... More +

Condo Docs - What Are They And Why Should You Care?
By Ackley Florida Property Management Thursday, August 25, 2022
Condos are an affordable way to become a homeowner without all of the hassles that come with a house such as maintaining the yard and shoveling snow from the driveway. Condominiums are dependent upon a townhouse affiliation that oversees the local area. If you are buying a condo,... More +

6 Best Tips for First-Time Home Sellers
By Ackley Florida Property Management Sunday, August 7, 2022
Are you selling the home for the first time? We know that the process is a bit overwhelming. Fortunately, with the proper planning and preparation, you can increase your chances of selling the property quickly. Selling a home is a big deal, there are many things to consider as yo... More +

How Much Do Property Managers Charge?
By Ackley Florida Property Management Wednesday, August 3, 2022
Hiring a property management company is a tried-and-true technique to generate more income with less effort. It depends, like with so many other things, is the response. Start by considering what you want a property manager to accomplish for you because the range of services offe... More +

How to Become a Section 8 Landlord in Orlando
By Ackley Florida Property Management Friday, July 29, 2022
More than two million households nationwide receive federal subsidies to help cover rent costs. Section 8 housing is crucial to low-income families, as the subsidy covers more than half of their monthly rent payments. Not only is it essential for tenants, but section 8 housing is... More +

What Are Accidental Landlords? The Facts You Need to Know
By Ackley Florida Property Management Monday, July 25, 2022
Every year thousands of people are pushed into renting a property for the first time and become accidental landlords. Not everyone sets out to be a landlord, an accidental landlord is someone who becomes a landlord by circumstance rather than by plan. It can be an intimidating ex... More +

Closing Costs - What They Include, And What They Might Not
By Ackley Florida Property Management Thursday, July 7, 2022
Many people focus on how much of a down payment they need to secure a mortgage but you also need to focus on the additional expenses including closing costs. Closing costs refer to the assortment of fees a person must pay to their mortgage lender when closing a home. These costs ... More +

How Many Florida Condo Associations Are Financially Sound?
By Ackley Florida Property Management Monday, July 4, 2022
A Condo association is an association of owners or renters in an apartment block or building divided into separate apartments. The condominium owners own their units and have joint ownership in the building. The COA fees cover the common areas and building repairs and maintenance... More +

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