A property manager is typically hired to take over all daily operations of a rental property, and one operational aspect that allows us to do so is a property management maintenance reserve. A property management maintenance reserve can play a pivotal role in your property management experience and the success of your rental property, as well as help us perform our job effectively. As professional Tampa property managers, we know the significance and benefits of requiring a property maintenance reserve. In this article, we’ll break down everything you need to know about a property maintenanc ..read more

St. Petersburg, Florida, a sunny and vibrant city located in the Tampa Bay area, is one of the best cities to invest in rental properties right now. St. Petersburg holds the Guinness World Record for most consecutive days of sunshine at 768 days, starting back in 1967. If that alone doesn’t convince you that a St. Petersburg investment will be a prosperous one, we’ll tell you all you need to know about why you should invest here. Where is St. Petersburg, Florida? St. Petersburg, Florida is located on the gulf coast of Florida in the Tampa Bay area. Downtown St. Petersburg is a short 15 minute ..read more

Are you a rental property investor looking to upgrade your portfolio without having to pay a hefty amount of taxes? If so, a 1031 exchange is the perfect opportunity for you. A 1031 exchange may sound intimidating and confusing, but the process is fairly simple to understand when broken down.  As a professional Tampa property management company, we’re able to guide clients through the process of a 1031 exchange from start to finish. We know how beneficial this process can be and we want to share our knowledge with you, so here is everything you need to know about a Florida 1031 exchange ..read more

The struggle that Tampa rental property owners are facing right now can be attributed to the exponentially changing climate of Tampa and its rental market over the past few years. Immediately following the COVID-19 pandemic, rent prices were at a record breaking high in Florida; rental property owners were on cloud 9 as doubled rental rates became acceptable and expected.  By 2023, as the pandemic cooled off, so did the Tampa rental property market. The era of skyrocketing rent prices while filling vacancies instantly started to dwindle down and continues to do so — at least for the tim ..read more

Embarking on your rental property journey involves much more than finding a tenant and collecting rent each month. Your rental property investment relies on the property owner or property manager’s ability to safeguard the investment. One crucial process in the rental property management journey is professional property inspections.  According to a survey conducted by Buildium, an American property management software company, 0% of property owners expressed a desire for property managers to provide inspections. This statistic shows the lack of awareness of the importance of professiona ..read more

Tenant satisfaction should be one of your top priorities as a rental property owner in Florida. No tenant means no source of income, and that’s typically the primary goal of owning a rental property. Taking care of your rental property tenants contributes to not only their satisfaction, but yours as well. As professional Tampa property managers, we know the ins and outs of successfully managing rental properties. We’re here as a resource for you, so we’ll let you in on our 10 proven strategies for tenant satisfaction in Florida!   1.) Communication As a property owner or property manage ..read more

Tenant screening is one of the most important steps in operating a successful rental property in Tampa, Florida. Checking the financial, background, and rental history of your applicants can play a pivotal role in ensuring the smooth operation and long-term success of your property. Why is Tenant Screening Important in Tampa, Florida? Although there are multiple aspects of the Tampa property management process that contribute to the smooth sailing of your property, effective tenant screening is a crucial factor for success that cannot be overlooked. Failing to screen your tenants can have an ..read more

If you are a rental property owner or real estate investor looking for property management services in Tampa, you’ll want to understand how much local property management companies charge for providing full-service property management services in Tampa, Florida. Each property management company is entirely different in its fee structure, so when interviewing prospective property managers, you’ll want to be prepared to ask about the services they provide and what fees are associated with their Tampa property management. Whether you talk with a flat fee or percentage-based property manager, ens ..read more

A reputable Tampa property manager will find value in not only managing your property, but in being a resource to you and your property management journey. Your Tampa property manager should have the ability to answer all of your questions regarding the property management process, the services they provide, and management costs and fees. Here are 8 of the most common questions about property management in Tampa, Florida that property owners seeking management services should ask:  1) What Tampa Property Management Services Do You Offer? As rental property managers, one of the most common ..read more

Who is Responsible for Pest Control in a Rental Property? When faced with pests in a rental property, the big question is, “Who deals with this?”. Whether the responsibility of pest control falls on the tenant or the property owner depends on the dwelling type and the lease agreement between the two parties.  According to Florida law, a landlord is responsible for pest control if the rental property is an apartment. However, if the Florida property is a duplex or a single-family home, the landlord is not legally responsible for dealing with pests.  Although landlords are not legally ..read more