Steve Simpson

//Steve Simpson

About Steve Simpson

Having spent his first years out of college in the business world, Steve was eager to bring business-class levels of competence and proficiency he learned while working for one of Orlando’s largest public accounting firms to the Orlando property management and residential real estate markets.

Broker/Owner at 407 Properties & Central Florida Property Management
6 12, 2017

Tips to Keep Landlording Less Stressful

2017-12-05T12:37:04+00:00 By |Orlando Landlord Tips|

If you're a fan of any one of the long list of real estate-related television programs that have popped up like wild flowers over the past few years, then you may already know how "easy" it oftentimes looks to get a property into tip top shape and find the ideal tenant.  Yet, while this may [...]

29 11, 2017

The Cost of a Bad Tenant

2017-11-27T17:28:42+00:00 By |Advice, Landlord Advice|

While landlords never want to be stuck with an empty unit, it is typically much better to wait for the right tenant to come along than to sign a lease with a tenant who isn't a good fit. Bad tenants can cost landlords and investment property owners in a number of ways, starting with no [...]

15 11, 2017

Winning with Rental Real Estate Through Tax Deductions

2017-11-13T10:28:09+00:00 By |Advice, Taxes|

While cashing the rent check(s) can certainly be an incentive for owning investment real estate, there are other ways in which landlords can win from a financial standpoint. One of these is through the long list of tax deductions that this type of investing can offer. When it comes to real estate investments, there are [...]

8 11, 2017

3 Key Tips for First Time Landlords

2017-11-07T10:39:31+00:00 By |Landlord Advice|

While you may have seen numerous infomercials telling you how you can easily make thousands of dollars per month with rental property by simply sitting at your kitchen table, the reality is that it isn’t quite that easy (although you can make thousands of dollars per month – or more – with investment property).  Although [...]

18 10, 2017

How to Build Up a Profitable Rental Real Estate Portfolio in Orlando

2017-10-17T16:29:02+00:00 By |Investing|

If you're already familiar with the investment property market in Florida, then you may be well aware that the Sunshine State can provide numerous benefits when it comes to buying rental real estate. For example, this southeastern locale has maintained steady population growth throughout the years, in part due to its year-round temperate climate, and [...]

11 10, 2017

What is Covered If Vandals Strike Your Rental Property?

2017-10-10T21:42:02+00:00 By |Insurance|

In today's world, it's difficult to determine how a tenant relationship may (or may not) work out. For example, while a potential tenant may look great "on paper," and check out just fine with regard to income and credit score, it's still possible that they may end up causing some major damage to your investment [...]

27 09, 2017

Preparing Your Investment Property for Hurricanes and Other Natural Disasters

2017-09-27T15:11:26+00:00 By |Advice, Disaster Prep|

Even though the wrath of Hurricane Irma has passed, the effects she left behind will be long-lasting for many. And, anyone who has lived in, near, or around hurricane-prone areas like Florida knows that an "active" hurricane season can mean months of sleepless nights worrying about if or when the next big disaster will occur. [...]

20 09, 2017

Condo or Single Family Home: Which is the Better Rental Property to Own in Florida?

2017-09-19T14:01:43+00:00 By |Advice, Investing, Multi-Family Investing, Multi-Family Properties|

If you're thinking about starting or expanding your property portfolio in sunny Florida, you may be asking which is the better type of investment to purchase: condo or single family home? The answer here is, it depends. Just like with any other type of real estate investment opportunity, your ideal match will depend on several [...]

13 09, 2017

Sorting Out Hurricane Insurance Claims on Your Investment Property

2017-09-19T13:50:10+00:00 By |Advice, Disaster Prep|

After experiencing the worst hurricane on record, it is likely that Irma left your Florida investment property (or properties) with at least some amount of damage. But, while vacation homes and investment properties are not covered under FEMA's disaster assistance program, and it's likely that your home owner's policy for your rental units excludes wind [...]

2 08, 2017

Why Location Really Matters with Rental Property

2017-08-01T21:56:10+00:00 By |Advice, Investing|

As someone who has likely purchased and sold a few properties over the years, it is likely that you've heard the famous phrase that states, "The three most important items in real estate are location, location, and location." But while this is typically a crucial factor when searching for a primary residence, does it really [...]

5 07, 2017

Where to Find Investment Property Online

2017-07-04T22:55:44+00:00 By |Advice, Orlando Landlord Tips|

Regardless of whether you’re just starting out in your real estate investing endeavors, or you’ve been doing it for many years, one of the biggest challenges that can face you is finding the best properties. Now you can search for investment property online. While it was necessary many years ago to scour the newspaper, highlighting [...]

21 06, 2017

The Best Flooring Options for Your Rental Properties

2017-06-18T18:01:39+00:00 By |Advice, Maintenance|

It's no surprise that rental properties can take a beating, and because of that, it's important to ensure that you have highly durable materials in your investments - particularly in areas like flooring. Otherwise, you could find yourself repairing and / or replacing items on a regular basis (which in turn, can significantly cut into [...]

24 05, 2017

The Secret to Success in Real Estate

2017-05-22T23:15:35+00:00 By |Advice, Making Money|

How many times have you caught a glimpse of a late night infomercial that goes on and on about how you can learn the "secret" to success in real estate - which will in turn, provide you with more money than you ever dreamed of - if you would just follow the presenters step-by-step system? [...]

17 05, 2017

Should You Buy Raw Land for Investment?

2017-05-16T14:16:56+00:00 By |Advice, Making Money|

We've all likely heard the old saying, "Buy land, because they aren't making any more of it!" And this is technically true. But when it comes to making the most of your real estate investment dollars, is raw land really the best way to go? The short answer to that is, not for most investors. [...]

12 04, 2017

Is a Month to Month Lease Really Worth It to Get or Keep Your Rental Property Occupied?

2017-04-12T14:32:49+00:00 By |Advice, Tenant Relations, Vacancy|

Having an investment property sitting empty can certainly be frustrating. Knowing that the home or unit is costing you money every day, with no incoming cash flow to cover it, may make you feel like you should take on any potential tenant, regardless of the terms. But is consenting to a month to month lease [...]

8 03, 2017

Giving Your Rental Property a New Coat of Paint? Be Sure that You Dispose the Paint Cans Properly

2017-03-07T17:02:07+00:00 By |Advice, Orlando Landlord Tips|

Regardless of how large or small your painting project is, you will undoubtedly end up with at least some amount of paint left over. And, you're not alone in this regard, as it is estimated by that roughly 10 percent of all paint that is purchased in the United States each year goes unused. [...]

8 02, 2017

Finding Foreclosures for Ongoing Profit

2017-02-08T14:44:43+00:00 By |Advice, Investing, Making Money|

Regardless of whether you plan to flip property or keep it for ongoing cash flow, the key to making good real estate investments will typically involve buying property that is listed below its market value, making some minor renovations, and then putting it back on the market for sale or for lease. One of the [...]

1 02, 2017

How to Be a Successful Landlord

2017-02-01T19:25:04+00:00 By |Advice, Orlando Landlord Tips|

Prior to purchasing your first rental property, you likely heard from well-meaning friends and relatives how difficult owning investment property can be. (This could have been the case, regardless of whether or not they have ever actually owned and managed rental units). The reality is that, being a landlord does have some challenges - and [...]

11 01, 2017

How is 2017 Expected to Fare for Real Estate Investors?

2017-01-12T21:17:11+00:00 By |Advice, Investing|

As we enter into another new year, you may be wondering whether or not 2017 will be a good year for owning investment property - or possibly even for purchasing additional units for your real estate investment portfolio. Certainly, when a property is purchased under favorable conditions and requires little in terms of repairs, investing [...]

28 12, 2016

The Magic of Leverage and Real Estate

2016-12-28T14:18:04+00:00 By |Advice, Investing, Making Money|

Before investing in real estate, it may be difficult to determine just exactly how to go about coming up with the necessary funds. Even the smallest of rental property can run in the high 5-figures on up. But, because of a wonderful concept known as leverage, investors who buy real estate are not forced to [...]