by Scott Corbridge | Jan 22, 2014 | Owner Education
A wise real estate investor once told me that you cannot overpay for a rental property that will pay itself off in 20 years. The point is, you can buy a property now, with just a down payment, and have a resident pay off your mortgage while you keep your own money...
by Scott Corbridge | Jan 15, 2014 | Owner Education
Owning rental property involves risk. If it didn’t, then everyone would do it because it’s a great investment strategy. To be a successful landlord, you have to mitigate that risk. Three of the primary areas of risk are legal risk, property damage and financial risk....
by Scott Corbridge | May 9, 2013 | Owner Education
One thing we have to deal with every year in Florida is the potential for hurricanes to come by. Each year, we are affected by them to one degree or another. We have had some years that included a lot of wind damage, leaving trees blown over and property damage. Other...
by Scott Corbridge | May 2, 2013 | Owner Education
In Sarasota, Bradenton and Manatee Counties, one of the most critical things for you as a landlord is to lower your vacancy rate. However, you do not want to rent your home so quickly that you end up renting to the wrong person. This could also create a loss in cash...
by Scott Corbridge | Apr 25, 2013 | Owner Education
Resident damage is one of the biggest causes of negative cash flow for property owners. When you rent out your property, make sure you get a sufficient security deposit to cover any potential damage. It is also important to document the condition of the property so...