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Increasing Taxes - Central Florida
Hey guys! Relatively new landlord here.. Quick question, with all these properties in my area appreciating like crazy also comes higher tax bills. I recently bought a new home so I am currently renting out my old place. I had homestead exemption on my first that I will eventually turn over to my new property on January 1st.
How do you guys hedge against these increasing tax bills that will be eating at my profits per month? Is it just as simple as increasing the rents? Since I wont be homestead exempted from my first property anymore, I will be forced to pay the full bill.. Some of the pitfalls of RE investing not a lot of people talk about...