If you're contemplating renting out an investment property in Orlando, you may find it to be a challenging endeavor. The ever-changing landscape of laws and regulations can make it challenging to stay updated and ensure compliance. Whether you're a homeowner exploring the idea of renting your property for the first time or an experienced professional managing multiple long-term rental units, it is crucial to familiarize yourself with the specific rules and regulations of Orlando. In this post, we'll delve into the top five things you should know about renting out investment properties in Orlando, aiming to provide you with the knowledge and confidence to navigate the rental market successfully.
Here are the top five things you need to know before renting your property in Orlando:
Rental Dwelling Permit: The City of Orlando requires landlords to obtain a Rental Dwelling Permit for properties that will be rented out for longer than 30 days. The permit must be obtained before the rental period begins, and it ensures compliance with local housing standards and safety regulations. Contact the City of Orlando's Code Enforcement Division for more information on the permit application process.
Rental Inspection Program: The City of Orlando has a Rental Inspection Program in place for certain rental properties. This program mandates inspections of rental units to ensure compliance with local building and safety codes. Landlords are required to register their rental properties and schedule inspections. Reach out to the City of Orlando's Code Enforcement Division to determine if your property falls under this program and to learn about the specific requirements.
Occupancy Limits: Orlando has specific rules regarding occupancy limits for rental properties. These limits are determined based on factors such as the number of bedrooms, square footage, and other criteria. Ensure that the number of occupants in your rental property complies with the applicable occupancy limits set by the city.
Habitability and Maintenance: As a landlord, you have a legal obligation to maintain the rental property in a habitable condition. Ensure that the property meets basic health and safety standards, including working utilities, proper ventilation, and compliance with building codes. Address maintenance and repair requests promptly and keep a record of all maintenance activities.
Noise Ordinances: Orlando has noise ordinances in place to maintain a peaceful environment for residents. Ensure that your tenants are aware of and comply with the city's noise regulations, particularly during quiet hours. Inform them of any community or homeowner's association rules regarding noise as well.
We hope this overview has made you feel more confident about your decision to rent your property in Orlando. These kinds of requirements change are always subject to change, so it’s always best to check local ordinances to ensure you’re in compliance.
Here at Nomad, we’re experts when it comes to pricing your property, finding a well-vetted tenant, and guaranteeing your rent for the duration of the lease you sign with your tenant. If you’re interested in learning more about these services and why over 6,000 owners love working with us, get started by requesting your free Guaranteed Rental Estimate!