If you are planning to hire a Tampa property management company you must demand one very important right. This is going to sound silly at first because most people think they already have this right. Are you ready?
As an experienced real estate investor with a great deal of rentals and having bought and sold over 150 rental properties in the last 8 years, I have never met a single successful real estate investor who hired a property maintenance company. In fact, I have never even heard of a successful investor hiring one of these companies.
A good HOA should not only take care of what is visible, i.e. what is on the surface, but more than anything, a good HOA should ensure that everything in the property under its care is working properly. It is dangerous to have something that look good only on the surface but fall apart from the inside.
Winter is here! With it, often times you will find that your gas bill will skyrocket. To put some control into it, you could put a meter system into your property’s heating system to monitor its use. It shows that when a multi-tenant complex has heat meter which is used to bill residents for their portion of gas, the bill most of them time will decrease, sometimes even by 35%.
When you are hiring a contractor, there are several things that you should ask to make sure that you are hiring a good one.
With so many Brandon FL Property Manager services out there to choose from, the choice may get overwhelming when it comes to find the one that will be the best fit for you. Here are some questions that you should ask yourself when looking for a good property manager.
A high tenant retention rate is sufficient for a real estate property to produce a stabile cash flow. A property’s vacant period is costly because first, the property is not generating money. Secondly, maintenance fees would still be recurred to make sure the property is in a good condition. Although losing some tenants might be a good riddance due to their poor behavior, in most cases you would want to maintain a good tenant-landlord relationship for the sake of protecting your cash flow.
There are some factors of a rental property that would attract renters. It would serve you well to know what they are.
When you are managing a property, one thing you need to make sure is that the property is highly livable. Livability is important because it ensures your tenants of a healthy living condition.
Buying a property to be rented out could be a great move for a savvy investor. However, some of the buy to rent properties out there may need a lot of work before it is fit to be rented out.
