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 three tips.
Today, I want to talk about what I see is the missing piece of most real estate investment financial analyses – reserves for replacement.
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 you more money rather than they… [Read More]
My name is Andrew Dougill, and I’m one of the owners of Hoffman Realty, along with my wife, MaryAnn Hoffman. MaryAnn founded the company in 1998, after she graduated from the University of South Florida. Almost immediately, some of her investor owners asked if she would manage and lease some of their rental properties. So,… [Read More]
Demystifying property management fees in Tampa, Florida does not have to be difficult or complicated. All you have to do is measure price against service. When you do that, it is easy to understand how those property management fees you pay are actually an investment in your property. Property management companies are a service business… [Read More]
Rental properties are generally the largest asset a person will acquire in their lifetime. When the going gets tough in the landlord business, property owners turn to residential property management companies to save the day. Having a residential property manager on your side is significant to the success of your investment. Not only does a property management… [Read More]