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.
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.
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.
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.