Florence Property Management Blog

How to Attract Quality Tenants in North Alabama: A For Rent By Owner Landlord's Perspective

By Huston Kennedy Monday, October 14, 2024

According to the news website 256 Today, North Alabama's rents increased from May 2023 to May 2024. For example, Florence's average rent increased by 8%, while Decatur's went up by 7.26%. Despite these increases, the average rent in Alabama is still just $1,372, over ...

100 Bedroom Wall Decor Ideas

By Huston Kennedy Monday, October 14, 2024

When choosing bedroom wall decor, you can blend style and functionality to create a cozy and personalized space. Various items and designs can be used to enhance the visual appeal and ambiance of a bedroom’s walls. It can include artwork, mirrors, shelves, tapestries, decal...

Everything You Need to Know About Rent to Own Homes

By Huston Kennedy Monday, October 14, 2024

Rent to own homes are a unique arrangement in the real estate industry. It allows tenants to rent a property for a specific period with the option (or requirement) to purchase it. The tenant pays for the property before or when the lease expires. This arrangement can be attr...

8 Budget-Friendly Bathroom Decor Ideas to Promote Property Value in your rental property

By Huston Kennedy Monday, October 14, 2024

The bathroom is one of the most important parts of any home. But then, they are often overlooked during designs and upgrades. Homeowners in Sheffield Alabama and other cities in the US focus on creating a functional bathroom. These 8 Budget-Friendly Bathroom Decor Ideas will tran...

Things to do in Sheffield Alabama

By Huston Kennedy Sunday, October 13, 2024

Sheffield, Alabama is located in the heart of the Muscle Shoals area. It offers visitors a unique history, culture, and natural beauty mix, presenting numerous things to do in Sheffield. The city is Known for its deep musical roots. It has long been a destination for music lovers...

Everything on how to create and manage a rent roll

By Huston Kennedy Friday, October 11, 2024

What is Rent Roll?A rent roll is an important document used by property managers, investors, and landlords to track rental income. It serves as a financial document that provides an overview of tenants, lease terms, rental amounts, and payment history. Property owners use rent ro...

CAP RATE; EVERYTHING YOU NEED TO KNOW ABOUT IT CAPITALIZATION RATE

By Huston Kennedy Friday, October 11, 2024

In the real estate market, capitalization rate (commonly referred to as cap rate) is a critical tool. Property managers and investors use it to assess the profitability and risk of a property. A rent roll provides detailed information about a property's rental income an...

Foreclosure; Everything You Need to Know as a House owner, a Lender or an Investor

By Huston Kennedy Tuesday, October 8, 2024

Foreclosure is a popular term in real estate. It generally refers to when a lender tasks possession of a property when the borrower fails to make payment. This is a significant event in the realm of real estate that affects homeowners, investors, and financial institutions. ...

Is Outsourcing Your Tenant Screening Process a Good Idea in North Alabama?

By Huston Kennedy Monday, October 7, 2024

According to Eviction Lab, filing an eviction case in Alabama costs an average of $276. It's a lot of money, and landlords must pay that for every tenant they want to evict.So, as a landlord in North Alabama, it's imperative to do everything possible to minimize your evic...

RENT INCREASE NOTICE; How to go About Notice of Rent Increase

By Huston Kennedy Wednesday, October 2, 2024

A rent increase notice is a formal document from landlords informing their tenants of increased rent. It details the new rental amount and when it should take effect. The notice of rent increase is important for transparent rental agreements. It helps protect both tenant ri...