Investors often ask us about the best time to buy an investment property in the Tampa market. The perfect time would be at the bottom of the market, but it’s difficult to get the timing exactly right.
If you’re like most self-managing landlords, you might be resisting professional Tampa property management because you think it’s more expensive than doing it yourself.
That’s the simple answer to this question, but today we want to expand on why and when it’s really critical to put your investments into experienced, professional hands.
We are always telling owners why it’s better to work with a professional Tampa property management company than trying to self-manage the home. We’ve made that case in many blogs and informational articles, and today we want to talk about tenants and why the best renters in Tampa would prefer to rent a professionally managed home.
Investing in Tampa real estate provides some great opportunities for earning money and building wealth. There are two important things to remember, whether you’re a new investor looking for your first purchase or an experienced investor who wants to grow an established portfolio:
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.