Ok we have alot to unpack here and we want to keep it as streamlined as possible…
Hurricane season and insurance updates: No impacts yet but the “high” season is Aug-Oct. Having your insurance information on record could make a difference in the event of any level impact.
Another insurance note: Make sure you have changed your policy to the appropriate coverage when you have vacated and a rental resident will be living there.
A/C parts: you may have to be prepared to provide/install portable units if the turnaround time on a part/key component is extended. We have a property currently that is 6 weeks out for a part. If you did not see Mike’s video about HVAC & warranties, watch this: Mike's Caveats
We've also been communicating this and good HVAC care/hygiene to your residents.
Appliances: ditto on above. Turn around on units themselves is excessive.
Homestead Status: Check with a professional accountant as to being able to homestead a property when not occupied by you (owner).
And lastly, here’s a little brighter news: it’s never been a better time to be an investor/own rental property in Jacksonville! We made the top 25!
We've also got some exciting updates to share in the near future!
Stay well and cool!
The FPM Properties Team
