Learn How a Successful Property Management Business in Tampa Is Run by a Married Couple
At Hoffman Realty, we spend a lot of time staying current in the property management field, and one of the ways we do that is by following podcasts that pertain to the work we do. One of the podcasts we listen to is The Property Management Show, a podcast that...Can I Deduct All My Tampa Property Repair Costs from the Security Deposit?
A rental property is just like an automobile. It wears out as it’s used.With an automobile, you have to change the oil and buy new wiper blades, new tires, new brakes, etc. A rental property is like this; it also wears out over time, and if you don’t maintain it, the property will let you down.
Should I Make My Tenant Responsible to Maintain the Swimming Pool and Yard?
Owning an investment property can be a lucrative and profitable experience, but it comes with risks, and how you as a landlord manage those risks can determine the ultimate success of your investment.
What to Do If a Scammer Advertises Your Rental Property in Tampa
Beware! Criminals attempting to steal from potential renters using rental scams on Craigslist, Zillow and Trulia is a huge problem in the Tampa Bay area right now.
What Safety Equipment is Needed in a Tampa Rental Home?
This week 2 different landlords contacted us with questions about safety equipment in their rental property. One landlord asked if they needed swimming pool safety equipment as their pool was installed prior to the year when building codes required safety equipment on new pools. Another landlord asked if a CO detector was needed with an attached garage, since the home was built prior to them being required by building code.
How to Know What Type of Single Family Home Makes the Best Investment
When you invest in a single family home, you want to buy one that will make the best rental property. I have been investing in residential properties since the mid-1980s, and I have learned that not every single family home makes a good investment. Today, I’m sharing...
How to Avoid a Huge Mistake When You Evaluate Rental Property Income
Today, I want to talk about what I see is the missing piece of most real estate investment financial analyses – reserves for replacement. Understanding Reserves and Replacements Reserves for replacement are line items, usually in the net operating income...
How to Lose a Good Tenant by Using a Home Warranty
Can I use a home warranty? If you currently have a home warranty, property managers will use it. However, we will ask you not to renew it for two main reasons. The first reason is that home warranties are not tenant-friendly. The second reason is overall, they cost...