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Investment Property How-To: Long Term Rental or Short Term Rental in Tampa

Investment Property How-To: Long Term Rental or Short Term Rental in Tampa

by Andrew Dougill | Aug 5, 2015 | Tampa Property Investment

Landlord will often approach us because they have a furnished rental property and they will ask if they should rent it out short term or long term. Let me give you some things to think about that might help you make that same decision if you find yourself in a similar...
How to Rent your House in Tampa Bay

How to Rent your House in Tampa Bay

by Andrew Dougill | Jul 22, 2015 | Tampa Property Investment

When you want to rent your house in Tampa Bay, there are three things that you must do in order to get a great tenant quickly Price it right: The price of your property is extremely important if your want to rent your house quickly. That means not pricing it any...
How Does Landlord Insurance Work and Why You Need It

How Does Landlord Insurance Work and Why You Need It

by Andrew Dougill | Nov 11, 2014 | Tampa Property Investment

Successful landlords know: if you plan on renting your Tampa Bay property, you will need landlord insurance. Landlord insurance helps protect you from any financial losses associated with your rental property. If you’re going to be renting your personal residence, you...
Deciding to Sell or Rent Your Tampa Home? Here is how to go about it

Deciding to Sell or Rent Your Tampa Home? Here is how to go about it

by Andrew Dougill | Oct 16, 2014 | Tampa Property Investment

Should you sell or rent your Tampa home? Whether it’s financial reasoning’s or potential job prospects, many people in today’s economy are forced to relocate for better opportunities. Selling may seem like the obvious choice, but with Tampa’s real estate still close...
Where to Buy Investment Property in Florida – Tampa Bay Part 2 – Where NOT to Invest

Where to Buy Investment Property in Florida – Tampa Bay Part 2 – Where NOT to Invest

by Andrew Dougill | May 28, 2014 | Tampa Property Investment

Where to Buy Investment Property in Tampa Bay This is the second part in our blog series on where to buy investment property in Florida, particularly Tampa Bay. In part one, we discussed where to purchase investment homes and what to look for. In this blog, we will...
Where to Buy Investment Property in Florida – Tampa Bay Part 1 – Where to Invest in Tampa Bay

Where to Buy Investment Property in Florida – Tampa Bay Part 1 – Where to Invest in Tampa Bay

by Andrew Dougill | May 15, 2014 | Tampa Property Investment

Where to Buy Investment Property in Florida This is part one of a two-part blog that talks about where to invest in Florida, specifically Tampa Bay. In today’s part one, we will discuss where to buy property and in part two, we’ll discuss where not to buy investment...
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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.


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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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