As with many areas in the United States, rental demand continues to climb in the Winter Park, Florida area. The latest data from the Federal Reserve suggests that now is a great time to be a property owner. During the last three months of 2015, the property owner’s rental income added up to about 4.3 percent of the U.S. national income. Meanwhile, key takeaways from the “Emerging Trends in Real Estate” report published by the Urban Land Institute and pwc has us looking forward to successful investments for properly managed rental assets. You can download and read the full report here.

It is important to be aware of changes to real property law and contract law. Perhaps what is more valuable is to have a lease reviewed by a lawyer who specializes in landlord/tenant law. Our management professionals always make use of a carefully worded Orlando, Florida lease agreement, which has been reviewed by an attorney.

Recently, major changes have been made to landlord/tenant law in places like California, Wisconsin and other parts of the country, which has social media all abuzz. In an effort to equalize the position of property owners and their tenants, landlord/tenant law is constantly evolving and landlord’s rights and landlord’s responsibilities in Orlando and elsewhere are constantly changing. For instance, prior to March of 2015 landlords in Wisconsin were obligated to make arrangements for storage of any personal property that belonged to an evicted tenant. To fulfill such an obligation, landlords in that area needed to notify the sheriff’s department, hire a bonded mover, and give notice to the evicted tenant. The revised law now allows a landlord to presume that property left behind and to deem it abandoned. There are exceptions to the rule, of course, and this is just one example of how estate law can and has evolved in places around the country.

The lessons that we can take from trending news topics like those out of Wisconsin make it clear that your property manager’s role goes way beyond simply filling unoccupied space. At All County CFL Property Management, we can proudly say that our expertise in lease execution and lease enforcement will help to protect your property investments for years to come.

In order to keep in line with the ever changing rules, our Orlando, Florida lease agreements are regularly updated. A well written lease will allow your property manager to enforce lease requirements, and in the case of an escalated issue, a well written lease could mean the difference between winning or losing a court case. At All County CFL Property Management, our leases are well written and tenants’ responsibilities are clearly defined. Orlando property owners that hire All County CFL Property Management can rest easy knowing that a qualified property manager is acting in your best interests, busy protecting your Orlando property investment.