Property Accounting: Tips for Understanding Tax Statements and 1099s

By Gulf Coast Property Management Sunday, April 21, 2024

The American Rescue Plan Act of 2021 significantly affects tax laws for landlords earning an income from their investment properties. While the rule's implementation has since been delayed until 2024, with the latest tax season behind us, it's important to note the change...

A Venice, Florida Landlord's Guide to Evictions

By Gulf Coast Property Management Tuesday, June 27, 2023

Evicting tenants in Florida is a lengthy and complicated process. It's also expensive. The average eviction in the state can cost anywhere from $3,000 to $4,000.That figure could quickly skyrocket depending on how much damage your former tenant has done to your property. Unfo...

Benefits of Outsourcing Your Leasing Management

By Gulf Coast Property Management Monday, April 24, 2023

Even in this economy, rental properties can be a great long-term investment. The only downside: having to manage said properties.Many first-time landlords underestimate the work that goes into leasing management. From attracting tenants to accounting tasks, the experience can be ...

3 Benefits of Hiring a Full Service Property Management Company

By Gulf Coast Property Management Monday, March 27, 2023

Did you know that there are close to 300,000 property management companies across the United States?Owning a rental property may be lucrative, but there's a lot of stress that comes with the job as well. If you want to make your life easier, then you should consider hiring a ...

Property Management: How We Calculate Rental Increases

By Gulf Coast Property Management Tuesday, December 27, 2022

Under Florida tenant-landlord law, a tenant must pay the agreed-upon rent on time. Tenants have to comply with this agreement in addition to other responsibilities outlined in a lease.However, a landlord cannot increase rent without first notifying tenants of the change.Wondering...

Rental Property Management Guide to Hurricane Preparedness

By Gulf Coast Property Management Wednesday, November 9, 2022

In Florida, some of the worst storms are estimated to have caused around $260 billion dollars of damage. Inclement weather can put property owners severely out of pocket. Rental property storm damage and vacation rental damage can be particularly severe.As a rental property ...

How to Choose the Best Property Management Company in Southwest Florida

By Gulf Coast Property Management Thursday, July 28, 2022

Having an investment property is a dream for many. It's an investment vehicle that leads to passive income and can be quite lucrative when you invest in areas like southwest Florida. The numbers show that Florida had nearly 30 million visitors in a single quarter. It'...

Properties in Florida: 5 Real Estate Investing Tips

By Gulf Coast Property Management Tuesday, June 7, 2022

Do you know how much money you can realistically make in real estate? Here’s a statistic to highlight how profitable real estate investments have been over the past year. From January 2020 to January 2021, the median home price in the United States rose by over $45,000.&nbs...

Hurricane Preparedness for Sarasota Renters: Six Tips

By Gulf Coast Property Management Thursday, April 28, 2022

Hurricanes have their eyes on you. The 2021 hurricane season had 21 named storms, including Hurricane Ida, which killed dozens of people. Hurricane preparedness is essential for all Sarasota residents. A storm can develop at any moment, and you do not want to be caught off g...

A Quick Guide to Landlords Insurance: 9 Types You Definitely Should Have

By Gulf Coast Property Management Thursday, April 7, 2022

Did you know landlords make an average of $97,000 a year?If you're ready to cash in on passive income, becoming a landlord may be the perfect solution. But rental properties come with their own unique challenges. Tenants who sue and bug infestations that s...