What is the Best Way of Renewing my Tenant’s Lease?

By Gulf Coast Property Management Thursday, June 14, 2018

The purpose of the renewal process is to ensure you are achieving the best market rate and protect your investment. All too often we see property owners renewing a tenant’s lease (or worse, transferring to a month to month arrangement) without calculating the effective market r...

Should I Rent My Property as a Vacation Rental or Annual Rental?

By Gulf Coast Property Management Thursday, June 14, 2018

During the past few years and with the help of websites such as Airbnb and HomeAway, the vacation rental industry has attracted a lot of attention (good and bad). Being close to some of the best beaches in the world, we are often asked by potential property owners whether they sh...

I Want To Raise My Tenant’s Rent But ….

By Gulf Coast Property Management Thursday, June 14, 2018

In my experience landlords are very reluctant to raise rental rates. Shying away from this unpleasant task is totally understandable; fear of breaking bad news, the time and effort associated with the task, (misplaced) responsibility towards the tenants and uncertainty in the ren...

Investment Owners: Property Value

By Gulf Coast Property Management Thursday, February 15, 2018

Welcome, investors! Here at Gulf Coast Property Management, we work with rental investors in Manatee and Sarasota counties in Florida. Today we're going to be talking about the three ways people value property, whether that be a cost analysis, a sales analysis, or an inc...

Tax Considerations of a Foreign Investment Property Owner in Lakewood Ranch

By Gulf Coast Property Management Thursday, February 15, 2018

With the Bradenton, Sarasota & Lakewood Ranch areas being extremely popular destinations for investors from all over the world, many people purchase in the area without knowing their full responsibilities of rental income tax. If you are a non-resident of the U.S. and Gulf Co...

The Importance of Renter’s Insurance

By Gulf Coast Property Management Monday, February 5, 2018

At Gulf Coast Property Management, we require our renters to purchase renter’s insurance. Why, you may ask? There are a number of reasons outlined below why we require our renters to be insured. Liability Coverage If an accident occurs in your home such as a slip or fall, rent...

When a Tenant Skips Town

By Gulf Coast Property Management Friday, January 5, 2018

What is a Landlord to do when the rent has not been paid, and the tenant has appeared to have abandoned the property? Even the best of background checks cannot predict tenants who will skip town and leave the property abandoned. Ideally, this is a situation you will not have to...

Benefits of Renting with Gulf Coast Property Management

By Gulf Coast Property Management Wednesday, December 27, 2017

As a renter, you must weigh the benefits when finding a home that you love. Options for lessees include renting through a rental management company, for rent by owners, or even apartments complexes and condos. Understanding the benefits of renting from any one of these scenar...

Models of Rental Management Companies

By Gulf Coast Property Management Tuesday, December 26, 2017

If you are searching for a new Property Manager, you have probably been doing a bit of research. Interviewing multiple companies, asking the right questions, looking at company reviews, and looking over management agreements are all wise things to do when comparing companies. Ev...

Onboarding Experience at Gulf Coast

By Gulf Coast Property Management Wednesday, November 29, 2017

You’ve decided to rent out your home - What does the owner onboarding process look like? Congratulations! You have made the important decision to rent out your home. You may have talked to someone from Gulf Coast, or maybe you came to the conclusion on your own. Either way, you...