3 Reasons Why Investing in Rental Property In Central Florida Is The Best Idea Ever

3 Reasons Why Investing in Rental Property In Central Florida Is The Best Idea Ever

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By Jenny Alejandro

There are 3 reasons we think investing in rental property in Central Florida is a brilliant move. We realize it is a bold statement, but it is not made without some solid reasoning. Mila Property Management has been helping those in the Central Florida, Orlando area with their property needs. Mila Property Management does its best to show you that holding on to your properties is a strategic move that can pay dividends over the long haul.

There are some unique things about not just Central Florida but Florida, in general, that makes it a destination that many want to vacation and retire to. With the beautiful warm and sunny weather year-round, there is never a shortage of both families and industry moving into the area.

With all of that having been said, let us talk about these 3 reasons that makes investing in rental property in Central Florida is a good idea.

1) Home prices are quite affordable if you look at the history of the ebb and flow of property.

There are times when homes are so pricey that many first-time homebuyers have a difficult time getting in. However, when you are looking a home as an investment property, its these times that you are happy you purchased. Investing in Real Estate is not the same as buying a home for your family. It is about buy low and sell high to maximize your earning potential.

2) There is always a new influx of people and businesses.

Florida is business friendly. Therefore, many large corporations come to the Central Florida area. The tax structure for businesses and the favorable government policies make Central Florida a great place for the more significant industry to come to the area. Not to mention that you are never more than 2 hours from the beach no matter where you are, that is a bonus.

Florida is home to World Disney Walt, The Rosen Hotel chain, Amazon warehouses, JetBlue, and so many more. This is just a small sampling of the significant names that are housed in the area driving people to move into the Orlando area and the areas of Central Florida immediately located around it.

3) Vacation Rentals & Timeshares

If you have been paying attention to some of the recent headlines, you know that companies like Airbnb have been managing more and more properties as a vacation rental, the local renters cannot find spaces to live because many owners are turning their homes into short-term lodging to capitalize on the income. Central Florida has not been one of the areas where Mila Property Management has an issue so we also have a division called OrlandoShortTerm (www.OrlandoShortTerm.com) where we can help you turn that investment property into a vacation rental.

Let’s face it, at Mila Property Management, one of the reasons we believe that investing in rental property in Central Florida and the Orlando area, in particular, is the best idea EVER because we have a lot of options to maximize your earnings. Let Mila Realty show you what can do.

Jenny Alejandro

Orlando Property Management Expert

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6 Reasons You Need A Property Management

6 Reasons You Need A Property Management Company

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By Jenny Alejandro

Being a landlord and self-managing rental properties entails more work than you would anticipate— especially if you are trying to grow your rental property business.

Handling tenant and maintenance problems and being physically present at your rental properties is not always probable. Here are benefits of a property manager.

These benefits of hiring a property manager are not the only reason to consider investing in a property management company rather than being a landlord. Below are reasons why a property management company might make a better landlord then yourself.

Unlike in the Great Recession, once the virus is contained and immunity begins to take over the population. There will be a return at some point of the accumulated demand of people who were unable during the confinement to go out and buy furniture for their home, paint or repair their house or, on the industrial side, build structures and install the necessary equipment for the business. And the vacations that were put on hold will finally happen, boosting hotels and theme parks.

If you physically do not live close to your rental properties, it is tough to manage day-to-day operations as a landlord. This is why a property management company that is nearby your rental investments comes in handy. The property manager can handle the day-to-day grind of your property. In circumstances when there is an emergency, they can be at the property right away. This gives you peace of mind as a property owner that your investment is being well managed and your tenants are taken care of.

A successful property management company will be knowledgeable in the current rental market and understand the trends happening in rent rate. They will help determine the right rental price for your properties depending on factors such as location, amenities and the going rates for units that are similar. Help in determining a rental rate keeps you from undercharging and not maximizing your monthly rental income and also stops you from overcharging, and potentially have vacancy sitting on the market for more extended periods. A property manager will also be able to prove insight into when it might be a good time to raise your rent prices and by how much.

One thing that’s as important to finding tenants quickly, is finding the right tenant and knowing how to screen them. A bad tenant not only can drain the profits from a rental but can cost you a lot of money. A good property management company will have a robust system in place for screening tenants. Not only will their system be good, but the people will have interviewed hundreds of tenants and will pick up on things that you or I might miss.

Good property management companies have a maintenance department ready to resolve daily repairs and emergencies reported by tenants and keep tenants satisfied. Also, will perform inspection not only in move outs but during the tenancy to make sure the property is taking care by tenants. Also, management companies build relationships with all sorts of vendors from maintenance workers, contractors, tradespeople, and suppliers. This is why having a property manager overseeing your rental properties is essential to you as an investor.

Customer service and keeping your tenants happy might seem like an easy job, but sometimes landlords do not have the customer service skills required for dealing with tenants. This can lead to breakdowns in the tenant-landlord relationships and eventually vacancies in your investment property. A property management company is experienced and familiar in the customer service needed to keep tenants satisfiedfrom providing new tenants welcome packages, quick turnaround times for maintenance and repairs, or by collecting rents online for tenant convenience. An excellent property manager will take care of the needs of your tenants.

You, as a landlord, are probably not up to date on the rules and regulations for rental properties. A property management company is up to date and helps you keep in compliance with the law. An experienced property manager can help you with:

• Lead and mold inspections/disclosures
• Fair Housing regulations
• Smoke and carbon monoxide detector requirements
• Housing and building codes
• Notices
• Eviction procedures

A property management company ensures you are always following the federal, state and local laws when it comes to your rental property.

Conclusion

Hiring a property management company to oversee your rental properties makes sense. There are many benefits from having experienced property managers covering your investments and running the day-to-day operations. With the property manager’s help, you can maximize your profitability and look at expanding as a property owner.

Jenny Alejandro

Orlando Property Management Expert

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3 razones por las cuales invertir en propiedades de alquiler en Florida central es la mejor idea

3 razones por las cuales invertir en propiedades de alquiler en Florida central es la mejor idea

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By Jenny Alejandro

Hay 3 razones por las que creemos que invertir en propiedades de alquiler en Florida Central es una muy Buena idea. Mila Property Management ha estado ayudando a propietarios en el área de Florida Central, Orlando con sus necesidades de alquiler. Mila Property Management hace todo lo posible para mostrarle que conservar sus propiedades es un movimiento estratégico que puede pagar dividendos a largo plazo.

Hay algunas cosas únicas, no solo en el Centro de la Florida, sino en La Florida, en general, que lo convierten en un destino al que muchos quieren vacacionar y retirarse. Son el hermoso clima cálido y soleado durante todo el año. Siempre hay familias e industrias mudandose a la zona de la Florida Central.

Habiendo dicho todo esto, hablemos de estas 3 razones que hacen que invertir en propiedades de alquiler en la Florida Central sea una buena idea.

1) Los precios de las viviendas son bastante asequibles si observa la historia del flujo y reflujo de las propiedades.

Hay momentos en que las viviendas son tan caras que muchos compradores de vivienda por primera vez tienen dificultades para comprar. Sin embargo, cuando está buscando una casa como una propiedad de inversión, es cuando está contento de haber comprado. Invertir en bienes raíces no es lo mismo que comprar una casa para su familia. Se trata de comprar barato y vender a alto precio para maximizar su potencial de ingresos.

2) Siempre hay una nueva afluencia de personas y empresas.

Florida es un estado amigable para los negocios. Es por eso que muchas grandes corporaciones vienen al área de la Florida Central. La estructura de impuestos para las empresas y las políticas gubernamentales favorables hacen de la Florida Central un gran lugar para que la industria más importante venga al área. Sin mencionar que nunca estás a más de 2 horas de la playa sin importar dónde estés, eso es una ventaja.

Florida es el hogar de World Disney Walt, la cadena The Rosen Hotel, los almacenes de Amazon, JetBlue y muchos más. Esta es solo una pequeña muestra de los nombres significativos que se encuentran en el área que lleva a las personas a mudarse al área de Orlando y sus alrededores.

3) Los alquileres vacacionales y propiedades de tiempo compartido

Si ha estado prestando atención a algunos de los titulares recientes, sabe que compañías como Airbnb estan tomando muchas propiedades locales como propiedad vacacional, los inquilinos locales no pueden encontrar espacios para vivir porque muchos propietarios están convirtiendo sus hogares en alojamiento a corto plazo para capitalizar los ingresos. Florida central no ha sido una de las áreas donde Mila Property Management tiene un problema, por lo que también tenemos una división llamada OrlandoShortTerm, donde podemos ayudarlo a convertir esa propiedad de inversión en un alquiler de vacaciones.

Seamos realistas, en Mila Property Management, una de las razones por las que creemos que invertir en propiedades de alquiler en Florida Central y el área de Orlando, en particular, es la mejor y tenemos muchas opciones para ayudarlo a ganar en su inversión. Deje que Mila Realty le muestre sus opciones y lo que puede hacer por usted.

Jenny Alejandro

Experto en administración de propiedades de Orlando

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Coronavirus y el Mercado de Bienes Raíces

Coronavirus y el Mercado de Bienes Raíces

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By Jenny Alejandro

¿Estaremos por vivir una nueva ola de ejecuciones hipotecarias?

La industria de bienes raíces está siendo golpeada por el coronavirus. Y a consecuencia del COVID-19 muchas otras industrias como restaurantes, aerolíneas, hoteles están suspendiendo a sus trabajadores y/o recortando horas laborables. Muchos dueños de propiedades se están preguntando cómo pagarán sus hipotecas, y otros se están preguntando si viviremos una nueva ola de ejecuciones hipotecarias.

A diferencia de la Gran Recesión, una vez que el virus está contenido y la inmunidad comienza a apoderarse de la población. Habrá un retorno en algún momento de la demanda acumulada, de personas que no pudieron durante el encierro salir y comprar muebles para su hogar, pintar o reparar su casa o, en el lado industrial, construir estructuras y Instalar el equipo necesario para el negocio. Y las vacaciones que se pusieron en espera finalmente sucederán, impulsando los hoteles y parques temáticos.

El gobierno aprendió del último colapso hipotecario de propiedades

Durante el colapso anterior de la vivienda, el gobierno tardó en reconocer los desafíos que tenían los propietarios de viviendas y esperó demasiado para otorgar ayuda. Hoy, se están tomando medidas rápidamente.

Solo en esta semana, La Administración Federal de Vivienda indicó que está promulgando una "moratoria inmediata de ejecución hipotecaria y desalojo para propietarios de viviendas unifamiliares con hipotecas aseguradas por la FHA" durante los próximos 60 días. La Agencia Federal de Financiamiento de la Vivienda anunció que está ordenando a Fannie Mae y Freddie Mac suspender las ejecuciones hipotecarias y los desalojos por "al menos 60 días".

Los propietarios aprendieron de la recesión que vivieron con el colapso hipotecario de viviendas.

Cuando el mercado inmobiliario se fortaleció a principios de la década de 2000, los propietarios ganaron una gran cantidad de capital en sus hogares. Muchos comenzaron a aprovechar esa equidad. Algunos comenzaron a usar sus hogares como cajeros automáticos para comprar artículos de lujo como automóviles, vacaciones, demás. Cuando los precios cayeron, muchos se encontraron en una situación de equidad negativa (donde la hipoteca era mayor que el valor de sus viviendas). Algunos simplemente se alejaron, dejando a los bancos sin otra opción que excluir la ejecución hipotecaria de sus propiedades.

Hoy, la situación de la equidad de la vivienda en Estados Unidos es muy diferente. Desde 2005-2007, los propietarios cobraron $ 824 mil millones en valor de la vivienda mediante la refinanciación. En los últimos tres años, cobraron solo $ 232 mil millones, menos de un tercio de esa cantidad. Eso ha llevado a:

  • 37% de las casas en Estados Unidos no tienen hipoteca en absoluto
  • Del 63% restante, 1 de cada 4 tiene más del 50% de capital

Incluso si los precios bajan (y la mayoría de los expertos no predicen que lo harán), la mayoría de los propietarios seguirán teniendo grandes cantidades de valor en sus hogares y no se alejaran de ese dinero.

Habrá ayuda disponible para individuos y pequeñas empresas

El gobierno es consciente del dolor financiero que este virus ha causado y seguirá causando.

El Senado aprobó $2 TRILLÓN destinado a el daño económico causado por la propagación del coronavirus. Los montos dependería de los ingresos y el tamaño de la familia. El plan también recomienda $ 300 mil millones para pequeñas empresas

Entonces, incluso si los precios de la propiedades bajaran (y la mayoría de los expertos no han predecido que pasara), las propiedades seguirán teniendo grandes cantidades de plusvalía, y los propietarios no dejarán ir estas ganancias sobre sus propiedades. Siempre habrá arrendatarios calificados para ocupar viviendas. Al igual que en cualquier otro período de recesión, tendremos que hacer más esfuerzos para mantenernos. Todo esto no significa nada más que diversión cuando cuentas con socios y un equipo confiable.

Jenny Alejandro

Experto en administración de propiedades de Orlando

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Coronavirus and the Real Estate Market

Coronavirus and the Real Estate Market

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By Jenny Alejandro

The real estate industry is being hit by the coronavirus. And as a consequence of COVID-19 many other industries such as supermarkets, shopping centers, restaurants, airlines, hotels, airports are suspending their workers and / or cutting working hours. Many homeowners are wondering how they will pay their mortgages, and others are wondering if we will experience a new real estate market crash, pointing to a wave of foreclosures.

Unlike in the Great Recession, once the virus is contained and immunity begins to take over the population. There will be a return at some point of the accumulated demand of people who were unable during the confinement to go out and buy furniture for their home, paint or repair their house or, on the industrial side, build structures and install the necessary equipment for the business. And the vacations that were put on hold will finally happen, boosting hotels and theme parks.

Today. Steps are being taken quickly

Despite the fact that the coronavirus has had an economic impact on the homes of millions of United States citizens, there are actually many reasons why we will not see an increase in the number of foreclosures as we did during the collapse of the home more than ten years ago. During the previous collapse of housing, the government was slow to recognize the challenges homeowners faced and waited too long to grant aid.

Today, steps are being taken quickly. This week alone, the Federal Housing Administration said it is enacting an "immediate moratorium on foreclosure and eviction for single-family homeowners with FHA-insured mortgages" for the next 60 days. The Federal Housing Finance Agency announced that it is ordering Fannie Mae and Freddie Mac to suspend foreclosures and evictions for "at least 60 days."

When the real estate market strengthened in the early 2000s, homeowners gained a large amount of capital from their homes. Many began to take advantage of that equity. Some started using their homes as ATMs to buy luxury items like cars, vacations, and more. When prices fell, many found themselves in a negative equity situation (where the mortgage was greater than the value of their homes). Some simply walked away, leaving banks with no choice but to foreclose on their properties.

Today, the housing equity situation in the United States is very different. Between 2005-2007, homeowners collected $ 824 billion in home value through refinancing. In the past three years, they have collected just $ 232 billion, less than a third of that amount. This has led to:

  • 37% of homes in the United States have no mortgage at all
  • Of the remaining 63%, 1 in 4 has more than 50% of capital

The Government and Americans have learned from the latest mortgage collapse of properties, and are better prepared to face a financial storm. Help will be available for individuals and small businesses. The government is aware of the financial pain that this virus has caused and will continue to cause. The Senate approved $ 2 TRILLION intended for the economic damage caused by the spread of the coronavirus. The amounts would depend on the income and size of the family. The plan also recommends $ 300 billion for small businesses.

So, even if prices go down (and most experts don't predict they will), most homeowners will still have large amounts of value in their homes and won't stray away from that money. There always will be qualified residents to occupy rental properties owned by investors. Just like in any other downtimes, we will have to put more efforts to sustain. All this means nothing more than just fun when you have reliable team and partners.

Jenny Alejandro

Orlando Property Management Expert

Got Real Estate and Property Management research and ideas to share? Let’s have a cup of Virtual Coffee.

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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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INTERNATIONAL REAL ESTATE OFFICE IN MIAMI

Both Florida cities Miami and West Palm Beach are highly demanded ares for the U.S. real estate market. It is not always easy to find knowledgeable Realtor who can be trusted. The U.S. policies and regulations can be complicates for domestic real estate owners or buyers without mentioning the stress foreign buyers or sellers may have. Mila Realty highly recommends to work only with Top Realtors who are properly licensed and local experts. The Top Choice Realtor in Miami area is Audrey Benassi who provides top notch real estate services.

Miami

Audrey Benassi is a Florida licensed real estate broker with Keller Williams Realty and Southern REO South Florida with more than eleven years experience selling real estate in both the Southeast Florida (West Palm Beach south to Miami) and Central Florida communities. She is fluent in English, Spanish and French and has extensive experience working with International buyers and sellers, second home and investment property transactions.

Her industry knowledge and client first resolve, as well as personal qualities such as tenacity, effective communication and determination have resulted in considerable success. She consistently proves her adaptability to market conditions and commitment to professionalism and is a member of the National Association of Realtors, the Florida Association of Realtors, Fort Lauderdale Association of Realtors and the Realtor Association of Lake and Sumter Counties as well as being a notary public in the State of Florida. Audrey’s commitment to ensuring her client’s needs are met in every transaction is evidenced in her many testimonials from satisfied buyers and sellers. Contact Miami Realtor Audrey Benassi today http://audreybenassi.yourkwagent.com

Audrey Benassi, GRI.
Benassi Real Estate Group
Broker, Realtor and Notary
Keller Williams Realty

Office Location and Contact Information:

3301 N University Dr Ste 120,
Coral Springs, FL 33065
Office: 407-801-8878
US Fax: (001) 407-520-5482
France #: 09-70-44-88-65
Skype: audreylbenassi
Email: audrey@benassigroup.com

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