Service Central Florida Real Estate Investors in Orange, Seminole, Volusia, West Volusia and East Lake County.

Victoria Equities Realty & Management Co.

The highest standard in Lake Mary Property Management

For 26 years, Victoria Equities Realty & Management Co. has been leasing and managing investor portfolios and residential properties in Orange, Seminole and Volusia counties. We are experts in the local market, and we put our knowledge, skills and talents to work for you, your rental homes and your property management needs.

Whether you’re a local in Lake Mary or a Central Florida property owner, an out of state investor who will one day retire in the home you’re renting out or an international investor who sees opportunities for growth in the central Florida market, we can protect your property and maximize your returns.

Why Work with Us?

  • Experienced, hands-on managers who also know leasing, developing, investing and rehabbing real estate.
  • You’ll get accountability and transparency. From online statements to immediate communication, we are accessible to you, your tenants and our vendors and partners.
  • We are small enough to provide outstanding customer service and large enough to provide the tools and resources you need to be a successful landlord and investor.
  • Problem solving is our specialty. Whether it’s reducing vacancy, screening tenants, marketing strategically or complying with security deposit laws – we’ve got it covered.
  • Competitive costs. We believe in making excellent property management affordable. We’ll explain all our fees up front, so there are no surprises.

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Lake Mary Property Management Blog

Smoke Detectors

Bobbie Witt - Sunday, October 16, 2016

Smoke Detectors – The New 2015 Law
by Harry Heist, Attorney at Law


After a number of years of unsuccessful bills introduced in the Florida Legislature, finally a bill addressing smoke detector/alarms has passed into law. Florida Statute Section 553.883 governs what property managers or owners must do under certain situations with regards to smoke detector/alarms. The law is simple, it is not burdensome, and the sooner property managers begin to comply, even if not necessarily right away, the safer the residents will be, and the less liability exposure that will be placed on property managers and owners. The law applies to battery powered smoke detector/alarms. It does not apply to fire/smoke alarms that are electronically connected, hardwired or part of a centrally monitored alarm system, so this will not have much impact on the multi-family manager.

Prior Law

Prior to the law change, the property manager simply had to use an off the shelf smoke detector/alarm with a removable 9-volt battery. However, problems occurred when residents tampered with the alarm or failed to notify the property manager that the battery was dead. Residents would remove the battery if the low battery signal was going off, and statistics have shown that the majority of injuries and deaths caused by smoke and fire was due to the fact that there either was no smoke detector/alarm, or that is was simply not operational. Property managers would replace the smoke detector/alarms with the cheapest possible models available, deaths and injuries occurred, and lawsuits against property management companies were common.

The New Law

The new law is quite simple. Any time a battery powered smoke detector/alarm is replaced, if it is defective, or has exceeded the 10 years lifespan, (dates are usually on the back) the replacement must be with the type that has the 10-year, non-removable, non-replaceable battery. Presumably these batteries will last 10 years and cannot be easily tampered with by the resident once they are activated. They are a bit more expensive than the older type, but a few dollars is all it takes. Buying in bulk as well will save even more money.

Best Practices

The law does not require that the property manager replace a working smoke detector/alarm that is less than 10 years old with the new type. The property manager can simply replace the battery with a fresh battery, test it, and be in compliance with the law. Why take such a shortcut? Do the right thing. Replace all your battery powered smoke detector/alarms with the new 10-year smoke detector/alarms. It is simply the right thing to do. We recommend you do not wait a moment longer. Buy them in bulk and replace them all. Below is the text of the law. The law is not 100% clear and does not answer all the questions we may have now, but one thing is clear: you can and should replace all your battery powered smoke detectors/alarms now and sleep easy.

The New Law Text

Florida Statutes Section 553.883 Smoke alarms in one-family and two-family dwellings and townhomes.—One-family and two-family dwellings and townhomes undergoing a repair, or a level 1 alteration as defined in the Florida Building Code, may use smoke alarms powered by 10-year nonremovable, nonreplaceable batteries in lieu of retrofitting such dwelling with smoke alarms powered by the dwelling’s electrical system. Effective January 1, 2015, a battery-powered smoke alarm that is newly installed or replaces an existing battery-powered smoke alarm must be powered by a nonremovable, nonreplaceable battery that powers the alarm for at least 10 years. The battery requirements of this section do not apply to a fire alarm, smoke detector, smoke alarm, or ancillary component that is electronically connected as a part of a centrally monitored or supervised alarm system.


Central Florida Real Estate Investors

Bobbie Witt - Monday, October 03, 2016


Central Florida Real Estate Investors

What is Estate Planning?

Believe it or not, you have an estate.  In fact, nearly everyone does.  Your estate is comprised of everything you own – your car home, other Florida real estate investments checking and savings accounts investments, life insurance, furniture, personal possessions.  No matter how large or how modest, everyone has an estate and something in common – you can’t take it with you when you die.

When that happens – and it is a “when” and not an “if” – you probably want to control how those thing are given to the people or organizations you care most about.  To ensure your wishes are carried out, you need to provide instructions stating whom you want to receive something of yours, what you want them to receive, and when they are to receive it.  You will, of course, want this to happen with the least amount paid in taxes, legal fees and court costs.

That is estate planning – making a plan in advance and naming whom you want to receive the things you own after you die.  However, good estate planning is much more than that.  If should also:

  • Include instructions for passing your values (religion, education hard work, etc.) in addition to your valuables
  • Include instructions for your care if you become disabled before you die
  • Name a guardian and inheritance manager for minor children
  • Provide for family members with special needs without disrupting government benefits
  • Provide for loved ones who might be irresponsible with money or who may need future protection from creditors or divorce
  • Include life insurance to provide for your family at your death, disability income insurance to replace your income if you cannot work due to illness or injury, and long term-care insurance to help pay for your care in case of an extended illness or injury
  • Provide for transfer of your business at your retirement, disability, or death
  • Minimize taxes, court costs, and unnecessary legal fees
  • Be an ongoing process, not a one-time event.  Your plan should be reviewed and updated as your family and financial situations (and laws) change over your lifetime

Estate Planning is for everyone. 

It is not just for “retired” people, although people do tend to think about it more as they get older.  Unfortunately, we can’t successfully predict how long we will live and illness and accidents happen to people of all ages.

Provided by Sonnenschein Law (407) 801-8LAW (8529) for educational purposes and not as legal advice.  Originally published by Wealth Counsel.


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255 Primera Boulevard
Suite 160
Lake Mary, Fl 32746

Phone: (407) 649-4205
Fax: (407) 386-3132
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