So now that you have succeeded in buying investment property in Florida what next? Staying on the right side of Florida property and real estate laws is the next best thing for you. And to do that, here are the dos and don'ts of managing a Florida vacation home.
Do’s Of Managing a Florida Vacation Home
Sign up to pay your taxes online with the City and State
One of the best ways to enjoy real estate asset protection in Florida is to pay the taxes that need to be paid when due. You need to pay state sales taxes and your local bed taxes monthly. The online payments of these taxes are the more convenient option, so you must get accounts on the designated websites.
Set up a website and business Facebook page
It would be best if you had an online presence at this point. A Facebook page and a website provide a hub that allows you to manage the vacation home better. You can make the most of any of the numerous pre-packaged websites that you could use for a vacation home.
Get the Reviews
Reviews offer social proof. So ensure that your renters give the home some online reviews. Ensure that you set up a system that prompts your renters to drop an online review after they have stayed at the property.
Keep It Clean
Most renters hate a dirty home, so you want to hire a dependable cleaning crew that is also great at what they do. You also want to have a backup plan if the main cleaning crew disappoints.
You might also want to get to know and build a relationship with a handyman near you because there will be a time when you'd need him to help save the day, especially if you are dealing with a renter who knows tenants and landlords' rights and duties in Florida.
Don’ts Of Managing A Florida Vacation Home
Always Be Cool With The HOA
You must be on the good side of people in the HOMEOWNER'S Association(HOA). Abide by their rules and never default in the payment of your dues. Forge and maintain a good relationship with them at all times. They know how to use the property management laws in Florida against you if you default.
Never Neglect Maintenance Issues
Always solve maintenance issues promptly. For one, it makes the renter's stay more comfortable and, of course, leads to excellent reviews. More importantly, if you ignore maintenance issues, they may degenerate into bigger issues that could burn a hole in your pocket.
Be Smart With Your Keys
It is wrong to trust your renters with hard keys because they could lose them. If the hard key and backup key get lost for some reason, you will have to spend some money to get replacement keys.
Contact the leading vacation attorneys in Florida
Do you need the services of a top Florida Vacation Rental Law Firm? Keith Brady Law should be the first name on your mind. We handle all forms of vacation-related legal needs including but not limited to drafting rental and management agreements, tax reporting, vacation home management, compliance, and business litigations.
Our ultimate goal is to help our clients manage their risk and reduce their liability as much as possible. Through our team of experienced and committed attorneys, we ensure our clients do all the right things and avoid the cost implication and uncertainties that come with lawsuits. Get in touch with us today, and we’ll be glad to discuss how we can help.
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