A Step-by-Step Guide to Collecting Security Deposits

By Gulf Coast Property Management Monday, February 20, 2023

Did you know that the landlord must serve the tenant with a written notice for nonpayment? Florida allows three days, excluding legal holidays and weekends.Whether you're in Sarasota, Bradenton, or another area, you'll want to avoid this stress at all costs. Initially, if...

4 Possible Reasons Why You Have a Low Occupancy Rate (and What to Do About It!)

By Gulf Coast Property Management Monday, February 13, 2023

Did you know that the median house price is approximately $500,000? Unfortunately, this has made it challenging for many people to purchase a new home.However, it has served as a great investment opportunity for owners of rental properties.Having a low occupancy rate can be dishe...

A Landlord's Guide to Renting to Section 8 Tenants

By Gulf Coast Property Management Monday, February 6, 2023

4.8 million households in the U.S. receive housing assistance, and 2.1 million of them receive housing vouchers. This is the section 8 program that helps people with low incomes find housing.Are you considering participating in the section 8 program by turning your property into ...

How Real Estate Services Can Help You Maximize Rental Property Income

By Gulf Coast Property Management Tuesday, January 24, 2023

The average rent price for a 1-bedroom in Florida is $864 a month in 2022. You can make a strong investment if you own Florida property.The sunny climate primes the county for vacation rentals. But to make the most of your real estate, you need to maximize rental property income ...

Installing Solar Panels on Your Rental Property: A Guide

By Gulf Coast Property Management Tuesday, January 17, 2023

Over the last 30 years, there has been a massive growth in residential solar installation, averaging 33 percent annually in the last decade alone. Solar is a great way to cut utility costs while adding value to your property and helping the environment.But is installing solar pan...

Annual Home Maintenance Checklist for Florida Landlords

By Gulf Coast Property Management Tuesday, January 10, 2023

If there's one thing that can ruin your real estate investing strategy, it's home maintenance.Regular maintenance is essential for maintaining a property's value and keeping occupants safe. Yet, maintenance takes up a lot of time, especially because specific tasks req...

5 Reasons to Diversify Your Portfolio With Real Estate in Florida

By Gulf Coast Property Management Tuesday, January 3, 2023

Rent prices for real estate in Florida rose by 7.8% in 2022. Buying real estate here is one of the best ways to diversify your portfolio.It could also be one of the most profitable.But why is real estate a great way to diversify? Why should you choose real estate in Florida over ...

Property Management: 1031 Exchange (Avoiding Capital Gains Tax)

By Gulf Coast Property Management Tuesday, December 20, 2022

With the price of Sarasota, Florida homes up nearly 16% from the previous year. So you're ready to add Sarasota real estate investments to your property management portfolio. But then you remember those pesky capital gains tax. So, consider a 1031 exchange a real estate ...

Rental Expense Landlords Can't Deduct

By Gulf Coast Property Management Tuesday, December 13, 2022

Did you know that Florida is one of only 9 states that don't have an income tax?This allows you to save much more money than if you lived in North Carolina, for instance. That doesn't mean there aren't plenty of rental property taxes you'll have to cover. Even wit...

Property Management: How We Keep Occupancy Rates High

By Gulf Coast Property Management Tuesday, December 6, 2022

In the first quarter of 2022, vacancy rates for rental properties were down to 0.8%. That was great for all property investors; many people were searching for places to live, and many decided to rent instead of buy due to the high home prices. While vacancy rates ...