Florida State – Rights and Duties of Landlords
If you rent a house, apartment, condominium or mobile home to another person, you enter into a legal contract known as a rental agreement. This rental agreement need not be in writing. If the rental agreement is in writing, it is a “lease.” This agreement has certain basic conditions specified by law, and you should…
Read articleFlorida State – Rights and Duties of Tenants
When a person pays rent to live in a house, apartment, condominium or mobile home, the renter becomes a tenant governed by Florida law. It doesn’t matter whether payment is made weekly, monthly or at other regular periods. Also, it doesn’t matter whether the apartment, house, condominium or mobile home is rented from a private…
Read articleTurning over a rental property between tenants
Turning over a rental property between tenants involves a variety of tasks to ensure the property is clean, well-maintained, and ready for new tenants. Here are some key resources and steps to consider: 1. Cleaning Services 2. Maintenance and Repairs 3. Painting and Flooring 4. Inspect and Replace 5. Landscaping 6. Marketing the Property 7.…
Read article
How to calculate Rent-to-Income Ratio
The Rent-to-Income Ratio is a simple calculation that helps determine what portion of your income is spent on rent. This ratio is often used by landlords to assess whether a prospective tenant can afford the rent. Here’s how you can calculate it: Example Calculation Let’s say your monthly rent is $1,200 and your gross monthly…
Read article
Partner with us and Take the hassle out of managing your rental
Managing a rental property can be quite a task, but with the right partner, it can be much easier. Here are some tips on how we can help you in the process: 1. Partner Majestic Management Inc When you partner with Majestic Management, Inc you notice a meaningful, positive change. You will receive full support…
Read article
How Does All Property Management Work?
Property management involves overseeing and managing various types of real estate properties on behalf of the owners. This can include residential, commercial, and industrial properties. Here’s how property management typically works: Key Functions of Property Management How Property Management Companies Operate Overall, Majestic Management, inc will provide comprehensive services that simplify property ownership and enhance…
Read article
Why are home inspections important
Home inspections are crucial for several reasons: Overall, a home inspection provides valuable information that protects the investment and ensures the safety and satisfaction of the new homeowners.
Read articleWhat real estate investors and owners must understand
Real estate investors and property owners must grasp several key concepts and practices to ensure their investments are successful and sustainable. Here’s a comprehensive guide on what they should understand: 1. Market Analysis 2. Financial Literacy 3. Property Management 4. Legal and Regulatory Compliance 5. Risk Management 6. Tax Considerations 7. Property Value Enhancement 8.…
Read articleWhy Property Management Matters
Property management plays a crucial role in the real estate industry for several reasons: 1. Maximizing Property Value 2. Tenant Management 3. Financial Management 4. Legal Compliance 5. Marketing and Vacancy Management 6. Time and Stress Management 7. Risk Management In summary, property management is essential for maximizing property value, ensuring tenant satisfaction, managing finances,…
Read article