Orlando Investment Properties

Email: info@ORLrent.com
Website: ORLrent.com

Summer 2011

The most trusted name
in Property Management and Residential Leasing.

Address
954 S. Orlando Avenue
Winter Park, FL 32789

Contact Us
Phone: (407) 571-3635
Fax: (407) 388-6536
Toll Free: 1-800-458-6863


What Our Clients Say

Greg Harrison says:

Hiring RE/MAX Property Management Division has been one of my best decisions. I highly recommend their service to anyone looking to maximize their return while minimizing the hassles and worries.


Our Services

Management and Leasing Services

Out of State Property Management Company Referrals

Real Estate Services to
Buyers and Sellers


The RE/MAX 200 Team

Fred Thompson, MPM® RMP®
Director of Property Management
fred@orlrent.com
(407) 571-3650

Shawn Beard, RMP®
Senior Property Manager
shawn@orlrent.com
(407) 571-1404

Mo Jabr
Property Manager
mo@orlrent.com
(407) 571-1441

Jason Kim
Property Manager
jason@orlrent.com
(407) 571-3645

Jim Cederberg
Supervisor
jim@orlrent.com
(407) 571-3618

Angel Hildago
Maintenance Coordinator
Angel@ORLrent.com
(407) 571-3659

Angie Rodriguez
Support Staff Specialist
Angie@ORLrent.com
(407) 571-3628


To Our Clients

Check Your Insurance: Events can happen - flood, extreme heat, earthquakes, fire, and more! It is important to check your insurance to obtain the best coverage possible and ensure that it is current.Review now with your insurance agent before a disaster/emergency occurs.

If An Emergency Occurs: Please be patient and avoid tying up critical phone lines and our time. Our first priority during any emergency is to handle the situation, taking any necessary measures for the safety of your property and your tenants. Then, we will contact you as soon as we are able.



Fred Thompson on the Orlando Rental Market

As the real estate market starts to settle down and show some signs of leveling off from the past three years, many investors are taking advantage of low prices and low interest rates. This is without a doubt the best time to think about investing in residential real estate. Our market has tighten up from a 75 day vacancy rate to less then 30 days vacancy with most properties renting back to back or only being vacant for a few weeks during the summer months.

Rental rates are increasing and are expected to go up 3% this year, 4% in 2012, and 5% in 2013. Retaining current residence is at an all time high - most tenants are reluctant to move. They feel safe with their current landlord for stability in the market and there is a shortage of lower priced homes to move in to. RE/MAX 200 has seen a 75 % increase in renewals as compared to 2010 making your investment more profitable with a long term tenant.

Even with the condition of the over all economy, I feel that this is the time to take advantage of increasing an investor's portfolio - this is the kind of market property managers have been waiting for over 15 years to see. Please feel free to contact me to request a referral for a qualified investment sales agent to help you with your future real estate purchase.

Fred Thompson, MPM® RMP®
Director of Property Management


Is It Time to Revisit Your Insurance?

There have been incredible weather events happening all over the world - earthquakes and tsunamis in Japan, tornadoes throughout many states, and flooding along the Mississippi to name a few. Insurance is a necessity for investment property. You pay with the hope that you will never have to use it for unforseen events. With all the different emergencies, disasters, or problems that can happen to a rental property, perhaps it is time to revisit the insurance on your property. After all, none of us can predict what disasters could happen and it is better to be prepared.

When did you last review your insurance policy for your rental property? If it is not within the last year, you should take steps to review your policy immediately and discuss the current coverage or needed updates with your insurance agent.

If you previously lived in the property, do you still have your homeowner's insurance covering the property? If you resided in the property, moved out and never changed your policy, part or all of your insurance could be invalid.

Do you have a rental/landlord policy? A rental/landlord policy is a basic fire and liability policy with some "extras" to protect landlords. This is important if you have vandalism, fire or any other natural disaster. It is crucial that your policy pays for lost rent if a property requires rebuilding or rehabilitating.

Have you shopped your insurance lately? It's an excellent idea to get competitive quotes, but do not let your insurance lapse while researching other rates. Many companies are continuing to renew existing rental/landlord policies, but are not issuing new policies because of high profile problems such as mold or natural disasters. Only discontinue the existing policy when you are certain you have a new insurance policy in place.

Do you have enough coverage in the event of a fire or disaster? Perhaps you haven't updated your policy in several years and the insurance coverage is now less than the current replacement value of the property. Research your current property value with a reliable source.

Do you have enough liability insurance? Increases in liability are normally very small in cost per $100,000. In today's market where people are prone to sue for any reason, a policy with $100,000 covers very little when it comes to attorneys fees and costs. A $1 - 2,000,000, or more, umbrella policy is highly recommended, but consult your insurance agent. Beware of misleading captions, such as "all risk". Often these policies contain a long list of things that are excluded.

What items should the liability insurance cover? A fully comprehensive policy will cover injuries on the property, defense of personal injury lawsuits, slander, discrimination, unlawful and relatiatory eviction, and invasion of privacy for tenants and their guests. It may not be possible to obtain all these coverages with an insurance company, but landlords should try to obtain the most coverage possible.

Where is my policy going and who is making the payment? It's very important to make sure your insurance policy and/or appropriate copies are going to correct addresses, such as the mortgage company, property manager and of course, you. Mortgage companies are quick to put on an expensive insurance policy to cover the loan because they believe your insurance has lapsed. Your agent can assist you with all of this.

What about insurance for the tenant's contents? Generally, insurance companies do not cover a tenant's possessions and tenants are strongly urged to obtain renter's insurance.

Don't wait until a problem occurs. To be satisfied there is adequate coverage for any property you own and to reduce your liability, review your policy on a yearly basis with your insurance agent.

 

Our Associations

 
 

The material provided in this newsletter is for informational and educational purposes only. It is NOT legal advice.
Although we believe this material is accurate, we cannot guarantee that it is 100% without errors.


Services Provided By LandlordSource.com & Property Management Newsletters
Orlando Investment Properties - RE/MAX 200 Realty Property Management Division

Orlando Investment Properties

Email: info@ORLrent.com
Website: ORLrent.com

Summer 2011

The most trusted name
in Property Management and Residential Leasing.

Address
954 S. Orlando Avenue
Winter Park, FL 32789

Contact Us
Phone: (407) 571-3635
Fax: (407) 388-6536
Toll Free: 1-800-458-6863


What Our Clients Say

Greg Harrison says:

Hiring RE/MAX Property Management Division has been one of my best decisions. I highly recommend their service to anyone looking to maximize their return while minimizing the hassles and worries.


Our Services

Management and Leasing Services

Out of State Property Management Company Referrals

Real Estate Services to
Buyers and Sellers


The RE/MAX 200 Team

Fred Thompson, MPM® RMP®
Director of Property Management
fred@orlrent.com
(407) 571-3650

Shawn Beard, RMP®
Senior Property Manager
shawn@orlrent.com
(407) 571-1404

Mo Jabr
Property Manager
mo@orlrent.com
(407) 571-1441

Jason Kim
Property Manager
jason@orlrent.com
(407) 571-3645

Jim Cederberg
Supervisor
jim@orlrent.com
(407) 571-3618

Angel Hildago
Maintenance Coordinator
Angel@ORLrent.com
(407) 571-3659

Angie Rodriguez
Support Staff Specialist
Angie@ORLrent.com
(407) 571-3628


To Our Clients

Check Your Insurance: Events can happen - flood, extreme heat, earthquakes, fire, and more! It is important to check your insurance to obtain the best coverage possible and ensure that it is current.Review now with your insurance agent before a disaster/emergency occurs.

If An Emergency Occurs: Please be patient and avoid tying up critical phone lines and our time. Our first priority during any emergency is to handle the situation, taking any necessary measures for the safety of your property and your tenants. Then, we will contact you as soon as we are able.



Fred Thompson on the Orlando Rental Market

As the real estate market starts to settle down and show some signs of leveling off from the past three years, many investors are taking advantage of low prices and low interest rates. This is without a doubt the best time to think about investing in residential real estate. Our market has tighten up from a 75 day vacancy rate to less then 30 days vacancy with most properties renting back to back or only being vacant for a few weeks during the summer months.

Rental rates are increasing and are expected to go up 3% this year, 4% in 2012, and 5% in 2013. Retaining current residence is at an all time high - most tenants are reluctant to move. They feel safe with their current landlord for stability in the market and there is a shortage of lower priced homes to move in to. RE/MAX 200 has seen a 75 % increase in renewals as compared to 2010 making your investment more profitable with a long term tenant.

Even with the condition of the over all economy, I feel that this is the time to take advantage of increasing an investor's portfolio - this is the kind of market property managers have been waiting for over 15 years to see. Please feel free to contact me to request a referral for a qualified investment sales agent to help you with your future real estate purchase.

Fred Thompson, MPM® RMP®
Director of Property Management


Is It Time to Revisit Your Insurance?

There have been incredible weather events happening all over the world - earthquakes and tsunamis in Japan, tornadoes throughout many states, and flooding along the Mississippi to name a few. Insurance is a necessity for investment property. You pay with the hope that you will never have to use it for unforseen events. With all the different emergencies, disasters, or problems that can happen to a rental property, perhaps it is time to revisit the insurance on your property. After all, none of us can predict what disasters could happen and it is better to be prepared.

When did you last review your insurance policy for your rental property? If it is not within the last year, you should take steps to review your policy immediately and discuss the current coverage or needed updates with your insurance agent.

If you previously lived in the property, do you still have your homeowner's insurance covering the property? If you resided in the property, moved out and never changed your policy, part or all of your insurance could be invalid.

Do you have a rental/landlord policy? A rental/landlord policy is a basic fire and liability policy with some "extras" to protect landlords. This is important if you have vandalism, fire or any other natural disaster. It is crucial that your policy pays for lost rent if a property requires rebuilding or rehabilitating.

Have you shopped your insurance lately? It's an excellent idea to get competitive quotes, but do not let your insurance lapse while researching other rates. Many companies are continuing to renew existing rental/landlord policies, but are not issuing new policies because of high profile problems such as mold or natural disasters. Only discontinue the existing policy when you are certain you have a new insurance policy in place.

Do you have enough coverage in the event of a fire or disaster? Perhaps you haven't updated your policy in several years and the insurance coverage is now less than the current replacement value of the property. Research your current property value with a reliable source.

Do you have enough liability insurance? Increases in liability are normally very small in cost per $100,000. In today's market where people are prone to sue for any reason, a policy with $100,000 covers very little when it comes to attorneys fees and costs. A $1 - 2,000,000, or more, umbrella policy is highly recommended, but consult your insurance agent. Beware of misleading captions, such as "all risk". Often these policies contain a long list of things that are excluded.

What items should the liability insurance cover? A fully comprehensive policy will cover injuries on the property, defense of personal injury lawsuits, slander, discrimination, unlawful and relatiatory eviction, and invasion of privacy for tenants and their guests. It may not be possible to obtain all these coverages with an insurance company, but landlords should try to obtain the most coverage possible.

Where is my policy going and who is making the payment? It's very important to make sure your insurance policy and/or appropriate copies are going to correct addresses, such as the mortgage company, property manager and of course, you. Mortgage companies are quick to put on an expensive insurance policy to cover the loan because they believe your insurance has lapsed. Your agent can assist you with all of this.

What about insurance for the tenant's contents? Generally, insurance companies do not cover a tenant's possessions and tenants are strongly urged to obtain renter's insurance.

Don't wait until a problem occurs. To be satisfied there is adequate coverage for any property you own and to reduce your liability, review your policy on a yearly basis with your insurance agent.

 

Our Associations

 
 

The material provided in this newsletter is for informational and educational purposes only. It is NOT legal advice.
Although we believe this material is accurate, we cannot guarantee that it is 100% without errors.


Services Provided By LandlordSource.com & Property Management Newsletters