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]
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]