Investing in rental properties allow you to earn a stable passive income while also growing your long-term wealth. Moreover, they’re a great way to diversify your portfolio and keep your money protected.
However, managing a rental property is filled with its own set of challenges. As a landlord, you have a lot of responsibilities, from addressing tenant complaints to dealing with repairs promptly. While this can sound challenging, renting out your house in Lakeland, Florida, doesn’t have to be overly complicated!
At Pro X PM Swain Group we want to help you to succeed in the world of real estate investments. Our team of experts have written this guide to help you learn everything you should know before renting out a property in Lakeland!
What You Should Know Before Renting Out Your Lakeland Property
Florida is a landlord-friendly state with many laws protecting the rights of property owners. However, this doesn’t mean that Florida landlords don’t have any responsibilities. Just like any other state, landlords in Florida are required to comply with laws and regulations clearly stated under FL Statutes Chapter 83 Part II.
Understanding the Florida landlord-tenant laws will help you keep your investment protected and ensure a stress-free tenancy. To help you out, the experts at Pro X Property Management have made a list of the things you should know before renting out your Lakeland property!

Compliance with Building, Health, and Safety Codes
As a Florida landlord, you must ensure your property’s compliance with basic health and safety requirements before renting it out. Before listing your property, you should check that your property has running water, working heating and AC systems, and smoke detectors.
Failing to meet these habitable housing requirements can result in hefty fines and loss of rental income.
Repairs Within a Timely Manner
Florida landlords are required to make any necessary repairs on their rentals within a specific time period. If repairs aren’t made after seven days of receiving written notice, tenants can sue for a court order to force the landlord to make repairs.
So, it is crucial for you to ensure that all repairs are being done as soon as possible to ensure tenant satisfaction and proper condition of your property.
Eviction Without Cause
In Florida, tenants can only be evicted for the following reasons: nonpayment of rent, lease violations, or because their lease has expired. As a landlord, it is crucial for you to understand the eviction process in Florida to ensure legal compliance in such matters.
No Security Deposit Limit
In Florida, there is no limit to the security deposit amount you can charge your tenants. There’s also no need to hold the deposit on an interest-bearing account. However, it’s crucial to understand the Florida security deposit laws to prevent disputes over security deposit deductions.

No Rent Control Laws
This means that there’s no limit to the amount of rent you can charge. Moreover, Florida landlords are allowed to raise rental rates by any amount and as often as they choose, as long as they give current residents proper notice.
Compliance with Fair Housing Laws
The Florida Fair Housing Act protects tenants against discrimination. This means that you cannot reject or discriminate against potential renters based on race, color, national origin, sex, familial status, religion, or disabilities. You must ensure compliance with the Fair Housing Act to prevent legal disputes down the line.
How to Rent Your Lakeland, FL, Property
1. Get Your Property Ready for Renters
Before you even create a listing, you must ensure that your Lakeland rental property complies with local habitability standards. This includes making sure the property is structurally sound, as well as free of mold and pests. You should deep clean the property before renting it out to ensure it’s completely ready for renters.
To further enhance your property’s appeal, you should invest in renovations or upgrades. Simple things such as a new coat of paint can boost the curb appeal of your property, making it more attractive to prospective tenants.
2. Advertise Your Rental Property
While there’s a growing need for rental accommodations in the state, the rental market in Florida can be fairly competitive. To outshine other rentals, you need a comprehensive marketing plan that includes both traditional and digital strategies.
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In addition to signage and showings, you should list your property for rent online. By creating an attractive rental listing and posting it on several popular real estate websites, you can attract a wider pool of tenants that results in reduced vacancies.
3. Partner with a Property Manager
Whether you’re a first-time landlord or a seasoned investor, you can benefit from partnering with a local property management company like ours. Our experts at Pro X PM Swain Group have years of experience and industry knowledge that can make your life as a landlord way easier.
Whether you need help collecting rent or need some pointers to create a business plan to expand your real estate portfolio, we can help you!
Bottom line
Listing your Lakeland property for rent can be an incredibly lucrative venture. With the growing demand for rentals in the area, you can rest assured that you’ll get a steady cash flow every month. Plus, you’ll be able to grow your long-term wealth due to property appreciation over time.
While it may seem challenging, renting out your Florida rental isn’t that complicated. First, you must understand the local landlord-tenant laws. This will give you insights on how much you can charge for rent, how to get your property ready for renters, and how to deal with repairs.
Then, you must clean and inspect the property to ensure it’s habitable. Finally, you can go ahead and market your rental. To streamline the process of renting out your house, you can partner with a trusted property management company, Pro X PM Swain Group!
Contact us today to learn more about our services!



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