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The concept of renting out their homes is one that many individuals consider. They might want the added income for their savings, to pay off debt, or they might see it as a viable alternative to selling during a downturn in the real estate market. But if the right factors aren't taken into account, it can end up being more hassle than it's worth. Here are some actions to take before renting out your home that will set you on the correct path: Recognize Your Responsibilities You must first decide if becoming a landlord is a responsibility you ca…

Although a lease agreement is legally binding for a certain period, it isn’t uncommon for a tenant to break it. In Florida, there are legally acceptable and unacceptable reasons for breaking a lease under Florida's rental laws. Acceptable Reasons for Breaking a Lease in Florida In Florida, a tenant can break a lease for various reasons. The reasons are as follows. 1. An Early-Termination Clause Some landlords include an early termination clause as part of their lease agreement. The purpose of the clause is to allow a tenant to break their lea…

Tenants commit to certain terms when they sign a lease agreement such as making timely rent payments, upholding the terms of the lease agreement, and caring for the unit. Sadly, some tenants choose to, either knowingly or unknowingly, violate such rules. And in such cases, you have a right to evict the tenant as per the Florida landlord-tenant laws. Generally, in Florida, an eviction will take anywhere between 2 to 3 weeks from start to finish. However, it may take longer depending on the reason, as well as whether the tenant puts up a fight.…

As a landlord in Florida, it’s important to be aware of the Fair Housing regulations that protect tenants against discrimination. By familiarizing yourself with these laws, you will be able to easily adhere to them and stay out of legal trouble when renting out your property. This blog will cover all the things you need to know about the Fair Housing Act (FHA), how it’s enforced, and the discrimination laws that are specific to the state of Florida. If you’re interested in learning about this, keep on reading. What is the Fair Housing Act? The…

Have you thought about Tampa for your next real estate investment? Tampa, FL has become quite the hot spot for real estate investors in the past few years, and with good reason. The housing prices in the city have been on an upward curve, thus capturing the interest of many potential buyers. In fact, the Tampa Bay Times has ranked Tampa in 7th position as the most attractive metropolitan area for investors in the country. In recent years, the state of Florida has witnessed a rise in average rental prices by as much as 30%. This is currently t…