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Investing in a rental property can provide great returns, but it also comes with certain risks. One of the most significant concerns for most rental property owners is the potential for tenant-caused damages. However, by taking proactive measures and implementing a few key strategies, landlords can minimize the risk of tenant-inflicted damages to the rental units. Here are some essential tips that can help prevent tenant damages and protect your investment: Screen Tenants Thoroughly The first defense against potential tenant-caused damage is …

Most tenants who sign a lease in Florida usually intend to occupy the rental property for the entire lease agreement term, rather than move elsewhere before the fixed term lease expires. However, life and circumstances change and a renter may be forced to break their lease in Florida before they expected too. The tenant's request can cause their landlord some stress! As a landlord in Florida, knowing about Florida’s Landlord-Tenant Law and what to do in this scenario is key as it can help landlords avoid potential legal issues with Florida ten…

One of the best things about investing in real estate is that you’re not limited to only investing in your home state or city. In fact, there are several reasons why you might also consider investing in out-of-state properties. If you find a great deal on a real estate property that has a high income potential for example, you might want to invest in it even if you live outside the area or transitioning from a part-time to a full-time landlord. While investing outside of your home state and being a remote landlord can be tricky, it’s feasible,…

As a landlord, finding good tenants is crucial to the success of your rental property. Effective marketing can help you increase the exposure of your rental property and ensure it gets rented out to the best possible tenants as soon as possible. The more people know about your vacancy, the higher your chances of finding a good tenant for your unit. However, marketing your rental property effectively can be a daunting task. It's also easy to make marketing mistakes, especially if you don’t have a lot of marketing experience. Committing these mis…

One of the most frustrating situations landlords can face is tenants who fail to pay rent. Further, the security deposit put down by the tenant might not cover the unpaid rent. It presents a conundrum of sorts. The good news is there are steps you can take to recover unpaid rent, even if the security deposit doesn't cover the amount owed. In this article, NFI Property Management will explore different strategies that landlords can use to handle this situation, so you can focus on your investment and enjoy the benefits of rental property owners…