Palm Coast Property Management Blog

Landlords and property managers have a profitable mechanism to deal with tenants who pay their rents way past the due date: imposing a late fee penalty.It’s permissible and common for landlords to charge late fee penalties for rent payments, and these penalties are quite reasonable. Typically, they account for 5-10% of the monthly r...

Accounting is the financial backbone of any given business, and property management is no different in this regard. Rental property management is all about diligently tracking all your income and expenditures, and ensuring all your funds are well-accounted.Landlords and property managers rely on comprehensive accounting systems to stay or...

The world as we knew it is no more, everything has taken a turn for worst. The current pandemic situation is more or less the same across the globe. Businesses are suffering, and economies are crashing. Amid all of this, the landlord and rental property business are suffering as well.The COVID-19 is making it hard for people to hold on to...

There is truly nothing worse than a pest infestation, as it creates a nightmare for both, tenants and landlords. Handling a pest infestation is a costly endeavor for a landlord, who must hire a professional exterminator to eliminate the pests. While tenants are plagued with fears and stress of going to bed with creepy crawlies, or finding...

Short-term rentals have emerged as a popular and lucrative trend in real estate markets all over the world. Landlords and property owners are rapidly realizing the advantages of short-term rentals, which outweigh the security of finding a long-term tenant.This article will walk you through the benefits and drawbacks of this business oppor...

A home is the biggest investment in the life of an average American. The home buying process is emotionally overwhelming and financially stressful. But it is also an extremely exciting journey for the rewards of owning your own house far outnumber the stress and overwhelming responsibilities.This step-by-step guide will walk you through t...

Do you have resources? Are you scared about renting your property? Being a landlord is indeed challenging. But, one cannot ignore the fact that; it is a high-income and low-stress job. The designation of the landlord is much more attractive than any other job.Not to mention, the idea of being a landlord can be stressful and worrisome. How...

In 2021, the real estate industry is laced with complexities, legalities and technological advancements. Navigating these complexities and legalities as a landlord can prove overwhelmingly burdensome. It’s natural to feel overwhelmed and mentally burdened in your first year as a landlord.Many decide to give up on the endeavor of bui...

Nobody likes getting complaints from their tenants. Also, it is indeed irritating when the loud neighbors are your tenants. Loud noise is subjective, and it is not bearable by a lot of people. The noise issue is a big deal; it can leave you feeling caught in the middle. Whether you are a landlord or a property manager, you must be clear o...

Well, being a landlord is a good income job; but, time is money too. Whether you are a landlord or managing rental property for someone else, you need to understand the importance of efficiency. Moreover, you cannot just let any tenant waste your time. Being a landlord comes with a lot of responsibilities and accountabilities. With a lot ...