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: How We Calculate Rental Increases

By Gulf Coast Property Management Tuesday, December 27, 2022

Under Florida tenant-landlord law, a tenant must pay the agreed-upon rent on time. Tenants have to comply with this agreement in addition to other responsibilities outlined in a lease.However, a landlord cannot increase rent without first notifying tenants of the change.Wondering...

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 ...

Budgeting for Your Vacation Investment Property

By Gulf Coast Property Management Wednesday, November 23, 2022

Did you know that the most successful investment property owners know how to strategically spend their money on marketing strategies that increase their return on investment? It can be challenging to create a budget for your vacation investment property if you don't...

A Property Owner's Guide to Rental Leasing and Security Deposits

By Gulf Coast Property Management Wednesday, November 16, 2022

The average amount people pay for a rental in Florida is around $1,238 per month. However, depending on their size, condition, and location, you might charge more or less for your properties.Rental property owners have many duties and responsibilities with their properties, inclu...

Rental Property Management Guide to Hurricane Preparedness

By Gulf Coast Property Management Wednesday, November 9, 2022

In Florida, some of the worst storms are estimated to have caused around $260 billion dollars of damage. Inclement weather can put property owners severely out of pocket. Rental property storm damage and vacation rental damage can be particularly severe.As a rental property ...

A Landlord's Guide to Lease Renewals

By Gulf Coast Property Management Wednesday, November 2, 2022

Did you know that almost 35% of people in Florida rent instead of owning their living spaces?That's a significant amount of potential income for people who own rental properties. The main legal bond between landlords and tenants is rental leases. Without this binding document...

Rental Valuation: How to Value a Venice, FL Real Estate Property

By Gulf Coast Property Management Wednesday, October 26, 2022

Did you know that Venice, FL has a population of over 26,000 people?While it's by no means the biggest city, it's one of the most luxurious in the country. If you've invested in one or more real estate rentals, it's important to figure out a price for them so that...