JMK PROPERTY INVESTMENT LLC
MIAMI BEACH, FLORIDA

Sell Your Home or Fill Your Rental Faster During The Winter Slow Season Winter season is a slow time for investors to sell their home or rent their properties. One of the reasons is because people are away during the holidays and they take their time off from work to spend more time with their families and friends. Another reason is the weather condition. The winter affects the The 5 Essential Qualities of a Great Property Management Company The 5 Essential Qualities of a Great Property Management Company There are several property management companies to choose from. You may be overwhelmed with the list of choices but only a selected property management companies can deliver great service. Look for one that has all these desirable qualities listed below. 1. Effective Communication Owners/Investors hire 10 Landscaping Ideas for Rental Houses Landscaping your lawn can definitely increase value to your rental property. As a landlord, you would do anything possible to make your rental business appealing to potential renters and the first thing they notice when they check the place is the exterior. You need to make a good impression Halloween Preparations for Your Rental Property It’s an exciting feeling making preparations on your rental property for Halloween. You may not have a wide space to place larger decors but you can always be creative and think of ways to make it festive enough for the celebration. Give your tenants that ‘homey’ feeling by setting 3 Incentives to Improve Tenant Retention In every rental property business, there are certain rules to follow, but how about giving recognition and appreciation to tenants? Have we ever considered it? Some landlords and property managers neglect to take time to appreciate their tenants especially their loyal renters. We need to remember that keeping tenants Good Reasons to Renew Your Lease Deciding to stay in your apartment or deciding to leave is something you need to think twice before making a decision. While it may be an exciting thought to move to a new place, you have to consider the time, money and effort you need to invest in moving. Tips for Buying Your First Rental Property Venturing into the real estate business is a good way to earn great money but it can be risky as well. Before starting into your first property investment, consider some of the following guidelines to minimize risk in investing a property. 1. Make Sure It’s Your Passion Doing How to Deal with Negative Online Reviews In today’s digital age, people rely information from the internet. Online reviews are a common source of finding out how business owners treat their customers. For landlords and property managers, dealing with negative reviews online in the right way is essential to save the image of the company When it’s clearly stated in the lease agreement that you don’t allow subletting yet you feel that your tenant is violating the agreement, you have to investigate if a violation is really taking place. One way to do is to ask questions to your tenant, around the neighborhood or the person assuming the lease. You need to ask questions in a respectful manner without presuming that the tenant violates the law. By asking the right questions will help you determine if subletting is taking place. It’s possible that your tenant may be away for a certain of time or have gone on a trip and has someone stay in the unit temporarily. Don’t accuse the tenant right away as this might harm your relationship to your tenant. You will find out in the long run whether your tenant is subletting or not. Subletting is generally legal unless the landlord clearly specifies that he does not allow it and it’s stated on the lease agreement that subletting is prohibited. The tenant is responsible to follow the guidelines on the contract and is not excused of not being fully aware of what’s stipulated on the agreement. If subletting is not mentioned on the contract, the tenant has to ask permission from the landlord before subletting it to another. Otherwise, the landlord has the right to take necessary actions to settle the matter. . In some instances, some homes are listed as ‘For Sale By Owner’ (FSBO). When you’ve come across a home listed as ‘FSBO’, that means the owner is not working with an agent so all means of communication are between the buyer and the owner (as the seller) only. The owner doesn’t have to pay an agent on his behalf since he’s selling the house by himself. If you’ve never dealt directly with a homeowner without the representation of an agent, here are some of the things you need to keep in mind before finalizing the transaction of purchasing a home. Since there is no agent who acts as middleman between you and the seller, you would need to contact the seller directly and request for a showing and all other details about the property. The seller has to disclose all the information. The seller who owns the home is emotionally invested into the property but don’t be distracted with these things. If you really want the house, ask as many questions as you can to see if it’s really worth buying. Aside from contacting a home inspector, you also need help from an appraiser to assess the actual value of the property. You can’t just rely on the seller’s asking price who might have overpriced the value of the property knowing that he’s doing it himself and not consulting an agent. You need to show the seller that you can afford the house. You’ll most likely get the house if you have a pre-approval letter from the mortgage company. To apply for mortgage, you will need to provide documents such as proof of income, savings that has been in your account for several months, your existing loans. They will also check your credit score. The lender will assess how much mortgage you qualify for based on the documents you provided. When you make an offer, either you accept the seller’s asking price or you try to negotiate. Base your offer according to the average sales price around the neighborhood. To do this, obtain a valuation report which shows you a comprehensive report of the property values of up to 20 nearby recently sold homes. This will help you analyze if the seller has overpriced or not. This will also serve as your basis for making an offer.