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Building Wealth with Property Investments in Tampa | Real Estate Investor Expertise

Building Wealth with Property Investments in Tampa | Real Estate Investor Expertise

by Andrew Dougill | Aug 6, 2021 | Owner Education, Property Management Education

Real estate is an excellent vehicle for building wealth. When you own rental real estate, you have the potential to earn some pretty impressive returns over the long term, and this can help you plan for retirement, save for your child’s college tuition, or build generational wealth for your entire family.

5 Business Tips for Novice Tampa Rental Property Investors

5 Business Tips for Novice Tampa Rental Property Investors

by Andrew Dougill | Jul 2, 2021 | Owner Education, Property Management Education

As you probably already know, owning rental real estate can be lucrative and rewarding. But, it can also be challenging and risky. Here are five tips that will lead to a much better investment outcome.

Mistakes Tampa Real Estate Investors Make with Investment Properties

Mistakes Tampa Real Estate Investors Make with Investment Properties

by Andrew Dougill | Jun 4, 2021 | Owner Education, Property Management Education

  One of the reasons you hire a Tampa property manager is because you recognize the skill, experience, and resources that a professional can bring to your investment property. The most successful investors we work with are willing to step back from the management...
How to Rent a Property During a Pandemic | Tampa Property Management Lessons

How to Rent a Property During a Pandemic | Tampa Property Management Lessons

by Andrew Dougill | May 7, 2021 | Owner Education, Property Management Education

Many of us expected the pandemic would have ended by now, and instead it seems to be an active and ongoing issue that Tampa property managers and rental property owners have had to work around.

Hillsborough County Enacts a Tenant Bill of Rights

Hillsborough County Enacts a Tenant Bill of Rights

by Andrew Dougill | Apr 7, 2021 | Owner Education, Property Management Education, Tampa Property Management

On March 3, 2021, Hillsborough County approved a Tenant’s Bill of Rights, which became law on March 15, 2021. Tampa landlords and rental property owners throughout Hillsborough County need to familiarize themselves with the new restrictions and regulations that come...
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Hoffman Realty is dedicated to the principle of equal access for people with disabilities in compliance with the Americans with Disabilities Act (ADA) and HUD guidelines. Please contact us at info@HoffmanRealty.com or (813) 875-7474 should you have any questions, comments, or concerns regarding any accessibility issues.


Download “Making the Most of Your Rental Property” Ebook

Reading this will help you:

– Understand how to increase your profits and avoid common landlord pitfalls.
– Discover the value a property manager can bring and how to find tenants effectively.
– Learn how Landlords must hold escrow and how to handle maintenance and inspections properly.
– Understand how to command top dollar for your rental and earn a positive cash flow.

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How We Inspect Your Property

We perform a video taped move-in inspection at the start of a tenancy.

At around 90-days after the start of the tenancy, we perform an occupied inspection to check for issues like:

  • – Unsanitary conditions
  • – Excessive wear and tear
  • – Unauthorized occupants
  • – Unauthorized pets

We take photos to document. If there are issues, we schedule action and subsequent follow-up inspections. Assuming all is OK, the next interior inspection is an Annual Property Review in 6-months or 90-days prior to the end of the lease.

The Annual Property Review (APR) is a written report with photos performed by a licensed home inspection company. The APR goes beyond tenant lease compliance to inspect the major systems in the property (such as roof, plumbing, electric, heating and cooling, appliances, etc.). This is important report for our landlords. Owning an investment property is like owning a car – if you don’t maintain it properly, it will let you down. The licensed home inspector also performs our comprehensive safety inspection at the same time. We want your tenants to be safe in your property, and it benefits you as the landlord because it lowers your potential liability to personal injury claims.

At move-out, we perform another video taped move-out inspection. We bring this back to our office to compare it with the move-in so we can make informed decisions about tenant damages and cleaning responsibility.

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All Day-to-Day Operations

• A manager on call 24 hrs a day, 7 days a week, 365 days per year.

• Attending to office visits, daily telephone and email correspondence with tenants.

• Proactive communications with our landlords.

• Liaison with Homeowner or Condo Associations, if applicable.

• Timely rent collection.

• Collection of late rent through various legal means.

• Administering rent through the trust account.

• Periodic inspections of the property to ensure lease compliance.

• Lease enforcement actions with tenants.

• Hand deliveries of legal notices to tenants as necessary.

• Organizing keys for viewings, inspections, and repair vendors.

• Attending to payment of various property expenses.

• Organizing maintenance repairs and quotes.

• Regular follow-up with maintenance vendors.

• Copying/scanning of invoices and data entry.

• Preparing calendar monthly statements for property owners and collating supporting information for the owner’s statement.

• Preparing annual year-end income/expense statements & IRS 1099 Forms.

• Conducting annual rent reviews.

• Processing notices to vacate or to renew a lease term.

• Organizing utilities to be turned on and off when required.

• Conducting videotaped move-in/move-out inspections.

• Lodging security deposit claims (when necessary) in accordance with the Florida Landlord Tenant Laws, F.S. 83.

• Liaison with insurance companies, when authorized.

• Filing evictions “if” necessary.

• Attending court evictions “if” necessary.

• Maintaining a staff of highly skilled and trained professional property managers.

• Maintaining a professional office with the latest in technology and property management tools in our industry.

• Constant ongoing training of staff and cutting-edge knowledge of our industry.

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