In this one-of-a-kind residential rental property operations manual, you get the lowdown on how to maximize your rental property's profit potential by cutting costs and increasing income. You also learn property management techniques that separate professional landlords from the amateurs.
The number one cause of landlord failure in Florida is incompetence. That's because incompetent landlords lack the knowledge and management know how that's needed to run their rental housing business in an efficient, professional manner. And that's exactly why so many do-it-yourself residential landlords in Florida are lucky if they operate their rental housing business on a break-even basis.
The key to being a profitable residential landlord in Florida is knowledge. The residential landlords who spend the time, effort and money to acquire the necessary knowledge are the ones who consistently make a profit year after year. They're also the same landlords who stay in business and acquire rental properties from the amateur landlords who lack knowledge and mismanage their properties.
In The Florida Landlord's Manual, you'll learn exactly how to:
1. Insure your rental property, reduce your risks and limit your personal liability as landlord.
2. Properly maintain income, expense, tenant, property, tax and insurance records.
3. Write a rental agreement that's fully enforceable in court and protects your rights and interests as landlord.
4. Properly set, collect, hold and refund tenants' security deposits.
5. Set and raise monthly rental rates.
6. Thoroughly screen tenant applicants so you don't end up renting to the proverbial tenant from hell.
7. Quickly do a residential eviction with or without an attorney.
8. Collect rental payments on the day they're due.
9. Maintain control of your tenants and rental property.
10. Use the Internet, for rent signs, classified ads, referral fees and military housing offices to attract the best qualified tenant applicants.
The Florida Landlord's Manual comes complete with the following ready-to-use notices, letters, checklists and agreements:
1. Monthly Income And Expense Statement.
2. Tenant Rent Roll.
3. Disclosure Of Information On Lead-Based Paint Hazards.
4. Florida Residential Rental Agreement.
5. Rental Rate Increase Letter
6. Security Deposit Account Notice.
7. Notice Of Intent To Impose A Claim On Security Deposit For Damages.
8. Make-Ready Checklist.
9. Authorization To Release Personal Information Form.
10. Alien Information Form.
11. Notice Of Denial To Rent.
12. Rental Application.
13. New Tenant Checklist.
14. Notice Of Right To Reclaim Abandoned Property Worth More Than $500.
15. Notice Of Right To Reclaim Abandoned Property Worth Less Than $500.
16. Tenant Moving Inspection Checklist.
17. Tenant Key Receipt.
18. Seven Day Notice For Noncompliance.
19. Tenant Personal Check Acceptance Application.
20. Notice Of Demand For Payment Of Worthless Check.
21. Rental Payment Receipt.
22. Seven Day Notice To Vacate The Premises For Noncompliance.
23. Three Day Notice To Pay Rent Or Vacate The Premises.
