Lakeland Property Management Blog

5 Tips for Investing in Lakeland, FL Foreclosures

A rocky economy has led to a rise in foreclosures, and Florida is one state seeing large numbers right now.While foreclosures are often seen as a foreboding sign in the economy, they also represent a financial opportunity for ambitious real estate investments. However, it's v...

How Risky Is It to Skip Tenant Screening in Lakeland, Florida?

In the rental market of Lakeland, Florida, many landlords can be tempted to skip tenant screening, lured by the prospect of expediting the leasing process. However, what they may not realize is that tenant screening plays a crucial role in ensuring that good tenants are chosen fo...

5 Benefits of Rental Property Inspections for Landlords in Lakeland, Florida

As a rental property owner, you should set aside at least 1% of your property's purchase price for yearly repairs and maintenance. So, if you bought it for $250,000, you should put away at least $2,500 a year.However, that amount can still be insufficient if your Lakeland, FL...

5 Tips for Finding Apartments for Rent in Lakeland, FL

Over 24 million Americans moved homes last year, many of whom switched to apartments.Knowing how to find your dream apartment ensures your household is comfortable and improves your quality of life. But if it's been years since you've searched for accommodation, you likel...

Understanding Mortgage Rates: Navigating the World of Home Financing in Lakeland, FL

Within the space of a week, mortgage rates can skyrocket. Take April 2024, for example. Mortgage rates jumped by 19 basis points in a few days.For homebuyers in Lakeland, FL, staying informed and ready to act could mean securing a mortgage rate that saves you thousands over the l...

Tenant Screening in Lakeland, FL: Tips for Finding Reliable Tenants

Nearly 70% of individual investors own rental properties. Investing in real estate can be a lucrative pursuit. However, managing an investment property can be daunting.One stressful aspect of property management is finding reliable tenants. Tenant screening can help you select go...

Understanding Eviction Protection Laws in Lakeland, FL

Florida experienced a 187% increase in eviction and foreclosure rates in 2022. Whether it's due to rent non-payment or failure to comply with the lease, evicting tenants can be challenging. If not done well, it can become costly and stressful.Luckily, eviction protection laws...

Why Hire a Property Management Service?

The U.S. property management industry was worth an estimated $114.9 billion in 2023. As more and more landlords realize the benefits of using a management company, the industry continues to grow at a CAGR of 1.0% as it has over the past five years.A property manager can take land...

Tips for Rental Property Accounting Records

Imagine that you're having dinner with a friend. They know you're a property investor and ask, "So, how's the property doing?"You freeze because you have no idea. You've been avoiding bookkeeping because it seems too overwhelming. Now you're left wit...

The Challenges of Being an Accidental Landlord in Lakeland, Florida

Becoming a landlord can be a daunting experience, especially when it happens unintentionally. In Lakeland, Florida, a city known for its vibrant community and gorgeous landscapes, many find themselves accidental landlords.It's a situation that's more common than you might...