I have personally owned residential real estate properties for over 30 years. Over those 30 years, Hoffman Realty has managed thousands of investment properties for other landlords. Based on that personal and professional experience, these are my five tips for the smart investor. Take a Long Term View Residential real estate is a fantastic tool… [Read More]
If you’re considering that you might want to manage your own property in Tampa, there are three specific considerations you need to keep in mind. In today’s episode of our helpful blog series for landlords, we’re talking about the knowledge, time, and skills you need to be a successful self-manager.
I recently heard a quote: A rental property with a good tenant is an income producing asset, whereby a rental property without a tenant is a liability because it just sits there losing money. I love this quote because it illustrates the importance of your tenant to your rental property, and why it’s important to… [Read More]
When you’re talking to a potential tenant for the first time, there are 5 specific questions that can help you pre-qualify that tenant. There are also some questions you should avoid.
There are two scenarios in which you would raise rent. Those are between tenants and with an existing tenant in place. First, think about why you would raise rent. Being a landlord is a for-profit business, and there are many factors that affect your profitability. One of those factors is the amount of rent you… [Read More]
Can a Tampa property management company save a landlord money? Often, landlords who have previously managed their own properties will hire us. Perhaps because they get tired of phone calls at 2:00 am regarding blocked toilets. Whatever the reason, typically after about a year or so of us managing the property, they notice that the… [Read More]