3 Reasons Why Orlando is Great for Retirees

3 Reasons Why Orlando is Great for Retirees

By Valentina Naumenko

Looking to move to Orlando, Florida for retirement? You’re making a great choice for your quality of life. Famously pleasant weather, endless entertainment possibilities, and a large population of active seniors are just a few of the reasons retirees make their way down to the Sunshine State in their later years. Orlando should be your retirement list if you enjoy the sun, a fun vibe and the chance to live within your means. Your grandkids will love it, too.

According to the Florida Census, the state has a large and steadily-growing adult population. Florida as a whole has a population approaching 20 million, and people over 60 make up nearly 23% of that population. By 2020, the State is expected to have a population of more than 23.5 million, and people over 60 will make up over 28% of that population.

Need more convincing?

Read on to learn more about why Orlando is a top destination for retirees:

1. Orlando Offers Exciting Attractions for Retirees

Seniors who choose to retire in Orlando will never be short on things to do, and no discussion of retiring in Orlando would be complete without mentioning the allure of Disney World. Retirees with grandchildren who settle in Florida are setting their families up for convenient and wonderful vacations – you would automatically be the coolest grandparent to your grandchildren. Disney World offers discounts for Florida residents – which is a bonus for retirees in Orlando

Beyond Mickey Mouse, Orlando is home to many natural attractions for Florida residents who love the outdoors. You can take a hike around the many lakes, rivers and parks that fill the city – including the serene Tibet-Butler Preserve. If you’re a golfer, you’ll be happy to hear that the Orlando metropolitan area is home to more than 170 golf courses.

2. Orlando is Tax-Friendly for Retirees

The tax-friendly environment and general affordability in the Sunshine State are two of the many reasons why seniors migrate down to Florida for retirement. Consumer finance service SmartAsset refers to Florida as the “ultimate destination” for retirees who want to stretch their dollars as far as possible. The state has no income tax, which means all forms of retirement income, including Social Security, public and private pensions, are also tax-free.

As an added benefit, Florida’s sales and property taxes are in line with the national average. The separates Florida from other income-tax-free states, who generally make up for the lost revenue with high taxes on property or sales.

3. Orlando is Home to Many Different Senior Living Options

Sure, the city of Orlando clearly has a lot to offer, but it’s also important to think about exactly where you’d like to live within the city. If you’re not interested in purchasing a new home, you’ll be happy to hear that Orlando offers many different senior living options to accommodate many different levels of needs and preferences.

One option for seniors moving to Orlando for retirement is an active adult living community – also referred to as a “55-plus” community. These communities are ideal for seniors who want to remain independent, but would rather not have to take care of all the maintenance responsibilities that come with owning a home outright. These communities also offer many different amenities, such as pools, fitness centers and happy hours for residents to enjoy their retirement to the fullest. Living in a retirement community is great for seniors who want to focus on relaxing and enjoying the sun.

For seniors with more complex health or mobility limitations, an assisted living facility could be a great option. These facilities offer consistent assistance with activities of daily living, such as bathing, dressing or housekeeping, as well as help with managing any health issues you may be dealing with. There are over 50 top-rated communities located directly in Orlando and 30 others that are considered nearby. The average monthly cost to live in one of these facilities is $3,725, which is well below the national average cost of $4,000.

Ready to start planning your Orlando retirement? Give Valentina Naumenko a call today to get started on your journey. With more than a decade of real estate experience, you can rest assured knowing you’re in capable hands. ​

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CALL FOR ACTION: KEEP FIGHTING OVERPRICED LISTIGNG

Orlando Metro area keeps displaying limited supply, rising home values, ample jobs and income growth. The most importantly, Dean of the school concluded that we less likely will face recession within next three years. The only question remain why we have more and more listing that stay active for more than 30 days? Clearly, that listing is overpriced! But why would knowledgeable, experienced, and result- driven professionals start working with overpriced listings? Best guess stands for the advancement of technological innovation. Everyday, we see how companies like Zillow are changing the way sellers and buyers perceive the market. Let’s briefly talk about Zestimate. 

Our vision Vs others

When owners ask us for price analysis, either for selling or renting, we base our opinion on the latest MLS comparables or in-house listings. Sometimes we hear feedback like: “This low. I saw on Zillow, my house worth 10 times more than you said”. I assume, some professionals just buy this idea and let others to fool them. Let’s dig deeper. More than 75% of Zillow’s revenue comes from the realtors. To get top dollar, Zillow shows agents Zillow’s traffic and promises to deliver qualified leads. Indeed, the traffic is significant. Using the portal is free for the “leads”. However, the quality of the leads is questionable. On Consumer Affair portal (https://www.consumeraffairs.com/homeowners/zillowcom.html), with its 499 reviews, Zillow has ONE STAR. One major complain is inaccurate assessment of the property. This review from May 4, 2019 about Zestimate algorithm powered by Zillow: ”There is zero consistency. Their logarithms are incorrect and their effect on people trying to sell their homes can be devastating They are shrewd, crooked and should be nobody's source for home values. Get an appraisal by an accredited appraiser in your area and go with that”. Victims of Zillow believe that Zillow intentially increases the value of the homes to push them to sell.

Our mission

Listings agents, right price is start for everything! To start with the right price, know your market, talk to your customers, listen to them, bring your arguments, show them your market analysis, and finalize the deal with your detailed marketing plan! We are not here for doing something like signing listing agreements, we are here to get things DONE, complete, and SOLD! Finally, we live and work in amazing Orlando, the “hottest” single-family real estate market in the US, and we have no chance to be anyone else, but achievers! 

Valentina Naumenko

Owner/Broker

Real Estate Instructor

Real Estate Researcher​

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Launching new Packages for property management services

Orlando Property Management company takes over the rental market with Revolutionary LOW rates

At Mila Realty, we have a simple mission: Assist homeowners to become more efficient. Since we are real estate investors like yourself, we know the value of time. Sometimes, we all need time to be with the family, time for travel, time to relax or just that time when one can enjoy own company. Indeed, property management is not an easy task and may steal time. However, paying high management fees and other unreasonable expenses caused by mismanagement may leave no other choice. Often, homeowners continue “managing” their properties just because they believe that hiring a manager eventually will lead their rental business to loosing.

Our solution

We are pleased to inform that our expertise, knowledge and passion enabled us to develop one effective management solution, which fits every homeowner’s and real estate investor’s needs. Today, we offer variety of property management packages, which respond to the availability, skills, and expectations of the homeowners.

The packages

With Mila Realty property management solutions, hiring a property manager has never made so much sense. Owners, who like to stay active with their real estate investment business, will enjoy revolutionary savings.

4% - Silver

While 4% Property management fee seems to be unrealistic, we made it real and available for you.

8% - Gold

Our 8% management package is affordable turn key package.

10% - Platinum

And if you like even more, with our Platinum package, at the 10% management fee, you will want to forget about the risks existence.

No hidden fees ever, only trust and effective communication should be expected after engaging with Mila Realty.​

Select your property management package today and start doing what truly makes you happy!​

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WELL DESERVED AWARD WENT TO MILA REALTY TEAM

2018 AWARD. Recently Mila Realty received an award of the Best Property Managers in Orlando. Market research agency Expertise LLC analyzed 75 businesses to identify top professional, and determined top 20 property managers within Orlando area. Property managers were scored on more than 25 variables across fine categories. Among them were reputation, credibility, experience, availability, and professionalism. Mila Realty office took a leading spot in this competitionKissimmee property management

BE THE BEST. The great results are not surprising. Mila Realty team are dedicated professionals who know what property management is about. The rapid growth of the company displays that more and more homeowners trust their real estate to Mila Realty. For example, in the latest public review, investor mentioned that he moved his Orlando property portfolio from the realtor who serviced his father for 7 year. It was a complicated case, but because of the Mila Realty efforts, transition was clean and quick. Investor mentioned that just in a few days keys/deposits, and rents were already at the Mila Realty office. Variety of sources establish Mila Realty credibility and professionalism. Providing service with honesty, reliability, and respect are the core ethics of this property management firm. Moreover, Mila Realty promises its customers to respond promptly to inquiries and requests, be aware of—and meet—all deadlines, place only the highly-qualified tenants, find a replacement tenant free of charge*, and work diligently to protect homeowner’s cash flow.

For more details about 2018 AWARD, follow https://www.expertise.com/fl/orlando/property-management

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IMPORTANT PROPERTY MANAGEMENT FEATURES

Important property management features
Lately we were asked to discuss the property management features of our services. Rent collection, complete accounting, and lease administration are just few services that we provide, but they certainty require special attention.
Property manager with the homeowners
  1. Rent collection

Rent collection cannot be easier. With superb property management technology in use we cut payment processing time up to 70 percent! Our Online property management portal allow tenants to authorize their bank accounts or credit card and then set up a recurring payment schedule. We post rent expense 5 days before it is due. Once the rent is paid, tenants receive a payment confirmation. Owners will see online who and when paid rent and how much was paid. Since we do not for a security deposit, we disburse the rent when the rental month is closed. It takes 2 business days for our merchant services provider to deposit homeowner’s funds into his/her bank account. 

2. Complete Accounting

Our property management accounting software makes bookkeeping complete and accurate. Now you can track every charge, payment, deposit, and refund. Can you only imagine that we are capable to generate more than 50 financial reports. This includes balance sheets, income statements, and cash flow statements, among others. Now you can finally save some time to your accountant. Most importantly, that all these services and more are included in 7% management fee. No one is better than us. Guaranteed!

3. Lease Administration
These feature starts with renters insurance. We have to enforce a tenant liability insurance requirement across our  properties with Renters Insurance Plus. This Lease Insurance Program is fully integrated with our property management software, so it makes enrollment easy for tenants. Renter insurance provides $100,000 in liability insurance and $10,000 in personal property. When it’s time to renew the lease, we will do it for FREE if tenants stay. In general, our tenants stay for 3 years. When tenants move, we finalize our relationships with conduction a move- out inspection and getting property ready for its new tenants.
We are always here ready to discuss with the home owners any property management topic. Visit out detailed property management page or call 407-494-6018.

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ORLANDO PROPERTY MANAGEMENT HOLIDAY MISSION

Orlando property management Holiday Mission 

Orlando property management

Orlando property management and happy homeowners

For Holidays, we receive many greetings, thanks, and attention from our homeowners and investors. For example, this chocolate tower says: “Thank you for all you have done for us this past year! We really do appreciate all your help in making our rental home a success. Have a wonderful Christmas and Happy New Year.” It is a big honor when our property management work is being recognized by our valuable investors. But what enables us to successfully manage properties and satisfy investors expectations? The answer is our tenants!

Every property manager takes care of his/her renters in the unique way. We believe that Holiday season is the best time to give thanks. Therefore, every year, we dedicate month of December to show appreciation to our wonderful residents. It starts with planning of the gifts. This year, we ordered delicious and specially selected Cupcake Chocolates. They were mouth-watering almond praline, cappuccino ganache and salted caramel.

Orlando property management

Orlando property management and gift boxes

Orlando property management

Orlando property management and gifts for tenants

Then we created a hand made gift boxes. To make it more unique and personal, we ordered personalized labels saying: “Mila Realty wishes your family Happy Holidays“. Moreover, the label had our family picture of Mila Realty management. While all of our tenants have met at least one of our office representative during the move-in inspection, many of them have never seen Mila Realty management family at once.  It also showed that we are all live people, and not just a tenant portal, which runs tenant screening, collects rent, or resolves maintenance tickets.

 

Orlando property management

Orlando property management and tenants’ children

The greatest part was the delivery of goodies and meeting the tenants. It took our Orlando property management team about 10 days to deliver our Holiday treats. We manage properties within Orange, Osceola, Lake, Polk, Seminole, and Volusia counties, so meeting some tenants was more difficult than expected because of the traffic on the roads and busy schedule. But all the tenants were happy to see us and even take holiday pictures with us. Like this photo with two sweetest girls, whose parents rent in our Venetian Bay community in Kissimmee.

 
If you are interested to learn more about us and what we do, contact us. Mila Realty property management team will be happy to discuss anything real estate related. We always have someone knowledgeable and experienced available. Tenant placement, leasing paperwork, inspections, evictions, property management, and more. Click here for details

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DAVENPORT PROPERTY MANAGER AND OPEN HOUSE

Davenport property manager and open house 

Indeed, any Davenport property manager will agree that renting the property in Great Orlando area becomes more difficult.

Davenport property manager

How to lease the rental property in Davenport and Orlando

The main issue is the time. Today it takes longer to find a qualified tenant. Even in the hot areas like Orlando, our average days on market increased from 10 days to 14 days. The cases where our hardworking property managers were able to complete entire process, which is listing the property and sign an executed lease, within 3 days become rarer. It is not to mention the areas with the slower “tenant flow”. Among these areas is Davenport.

Finding the qualified tenant fast is the goal for both real estate investor and property management company. However, the boom of completed constructions of multi-family homes in 2016 makes this process longer. The variety of newly built apartment complexes increased the supply, reduced demand, decreased the rental prices and quality of the prospects. For example, there are properties that have been on the market for longer than 60 days. In this case, homeowner’s loses may be detrimental. This is why Davenport property manager need to think outside of the box to attract the renting leads. We noticed that in addition to market rental price and advertising, having an open house may increase lead generation, reduce the property leasing time, and decrease the tenant placement transaction costs.

The main reason why prospects may prefer viewing the property on open house rather is, they do not need to hire a showing agent. They are not expected to commit to anything nor feel uncomfortable to say “I am sorry, but I don’t like this property.” Another reason is the time convenience. Some people prefer to have some flexibility with their appointments. Davenport property manager should understand that prospect may have to have a long drive and traffic on the way to the viewing the property. While being late is stressful for many people, it is always easier just to show up sometime between 2-5pm. Finally, while not everyone is not computer savvy, open house signs, displayed around the property, may help long awaited tenant to find his or her further rental home.

We believe that sharing the ideas will improve the way Davenport property managers conduct their business. Homeowners and professional are encouraged to share their strategies about how to attract qualified tenants, provide any recommendations, and  hire our property management company to take care of any rental property located within the Great Orlando area. Read more or contact us here.

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OSCEOLA RPOPERTY MANAGEMENT

Osceola property management

There are more than 700 Osceola property management companies. How tiny Kissimmee and Saint Cloud areas may fit such osceola property management enormous amount of competitors is a big question. The  answer can be found in tourism. For example, every year a million of Kissimmee visitors fall in love with Great Orlando area, its beaches, and attraction parks. Perhaps thousands of them commit to make Orlando their every year vacation destination for as long as their children enjoy Disney World and other great parks. Often, it means that one aims to travel to Orlando for 15-18 consecutive years. While average family is represented by four people, a hotel room or even suite may not provide enough comfort for travelers. Attractive Orlando area prices make tourists to consider to purchase a rental property. Of course, rental property is great because it generates income and return on investment (ROI). Moreover, rental property may be turned into a vacation rental, where one’s family may use as second home during its vacation time. After buying a vacation home, investor needs to hire a professional property management company to take care of the property.

We provide some recommendation for vacation home rentals buyers:

NO realtor’s fees. For those who buy a vacation home rentals, it is recommended to work with honest realtors. Foreign investors should be aware that normally, real estate agents receive a compensation for their work from the Seller. Therefore, buyer should avoid working with agents who want to charge them for their services.

Low property management fees. Always shop around and receive at least three quotes from different companies. Keep in mind that 7HeavenVacation vacation rental property management program offers only $100 management fee and 15% reservation fees.

Vacation rental occupancy rate. Remember, often occupancy rate is more important than high rental rate. It does not make much sense when vacation home generates $250 a night when it can be rented only 7 nights a week with occupancy rate of  30%, right? What we do, we maintain 70% occupancy rate because we are successfully adjust to market and seasonal demands.

Ask for free trial. It may not be advertised, but it worth to ask. Companies like 7HeavenVacation actually offer two free months for its new clients who own vacation homes with swimming pool.

Finally, when you work on a deal, obtain a free second opinion from other professionals. Our office will deliver free estimate within an hour or so. Market analysis and income estimate can be expected. Contact our local Osceola property management company today.

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LOW COST KISSIMMEE PROPERTY MANAGEMENT

Low cost Kissimmee property management company 

how to find low cost Kissimmee property management companyThere is variety of property managers who try to differentiate themselves by offering unique services and promises. Endless options make it diffract to find a good and low cost Kissimmee property management company. Among them quick tenant placement, discounted leasing fee, low management fee, and etc. This article aims to discuss the mistakes made boreal estate investors when they select a property manage.

The office location. Homeowners tend to believe that if property manager’s office is located close to the rental property, the results will be better. Honestly, with all the technology tools, geographical location is not as important as it was before. Mila Realty Kissimmee property management lists the property within more than 20 channels and involves other professionals to generate the leads and expedite the leasing process. Most of the work is done online, email, and phone. The more professionals are involved, the more faster the leasing process. 

The average days on market. It is important to find out what is the average leasing period when hire a property manager. One wants to know how fast the rentals move and how long it takes to find the qualified tenants. Basically, it means the average amount of days between listing the property and executing the lease. In general, Mila Realty property manager turns listing to someone’s home in 10 days. Sometimes it may take only 2 days. When property manager knows the area well, s/he will be able to provide with proper comparables. It is recommended to follow the market. trends. Otherwise, process may take longer and more expensive.

Free rental estimate. Be sure to always ask the property manager to give you an estimate for potential rental income. We do not recommend use tools like Zillow or Trulia to estimate potential rent income because the data is not always updated. In contrast, an  alternative solution can be found at milarealty.com. This website gives an access to MLS data. Mila Realty property management provides free access to the website, where no registration is required.

The fees. These are probably are the most important because if investors do not manage expenses, the expenses can eat all the earned income. Always shop around and seek for the best. While everyone knows that average cost of Kissimmee property management services is 10%, Mila Realty monthly property management fee is only 7%. Mila Realty was recognized as a low cost Kissimmee property management company. With this low cost strategy in mind Mila Realty gains new markets and offers its valuable customers benefits from economy on scope. One of them is low leasing fee. While others provide tenant placement feature at cost of half or one full month of the rent, Mila Realty does this job only for $300.

Finally,  look for property reserve fond when you review the quote from property manager.  It is recommended to maintain 5% from annual rental income as property reserve fond. Major repairs which remain landlords’s liability before the tenant, such as air conditioning or major plumbing repairs, might be paid from this fond.

Property management is not a simple task. Mila realty low cost Kissimmee property managers are open to discuss individual needs of real estate investors and provide wth practical recommendations how one’s property income can be improved. See more here.

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NEGATIONS ARE BETTER WITH PROPERTY MANAGEMENT COMPANY

Negotiations are better with property management company

Just like in real estate transaction where Buyer needs a Broker to negotiate the best deal on purchasing or selling, real estate investor may need a property manager to make sure that the best rates will be provided for the property repairs. It may include savings on labor, material, and time. Consider the case when investor just purchased a distressed property. Often, to sell or rent the property, the repairs are needed. Obviously, property maintenance is costly. To safe money and headache, it is recommended to seek for property management Kissimmee FL and maintenance provider.property management in orlando

Normally, experienced property manager has established team of subcontractors. Among them are plumbers, electricians, flooring techs, painters, roofers, and general contractors. Because of the volume of work, property managers receive large discounts from contractors on repairs and from vendors on materials. For example, one can purchase an exterior paint for four bedrooms single family home sized less than 2000 sf. for more than $1300. However, the same paint, from the same Kissimmee store can be sold for as little as $500 to licensed property management company.

Another problem for investor is to obtain the lowest quote for labor to perform repairs. It is very time consuming to collect 3-5 quotes for property repairs. Emails, calls, and meetings  may lead nowhere, if local market is unknown. One may use tools like Thumbtack to get a quote, but there are so many cons and pros. Plus, depending on the work order, one may not receive a single quote in return. In contrast, property manager Kissimmee FL collects multiple quotes from the local experts and help investors to analyze them. If further price negotiations are needed, the agent will finalize it.

Moreover, who does not know how stressful it could be to supervise contractors and make sure that project follows its deadlines. How many time one needs to visit the property throughout the construction or repairs? Right, gazillion times. So much driving and time wasting. Well, property manager can remove this stress. The point is that property management Kissimmee FL has stronger market power to be more efficient price negotiator. When homeowners and property managers work as a team, the projects reach their goals.

Contact Mila Realty property management today to get a personalized advise what would benefit the investment project the most. Free estimates and consolations. The lowest property management fee in Central Florida. Try free and cancel any time.

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