Attracting tenants is a lot like dating. When you are looking for a boyfriend or a girlfriend, you have to get out there and socialize. You can only attract a great date when you are seen by other people. The same is true when you have a rental property that you are trying to match to a great tenant. You want to get that property out into the world so that renters can find it. Today, that means the property has to get a lot of exposure and be advertised on the Internet.

At Hoffman Realty, we advertise our rental properties on more than 100 websites. That might sound a little over the top, and if you are an individual landlord with one property to rent out, it ca...

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 fees you pay are actually an investment in your property.

Property management companies are a service business, and like any other business that offers a service instead of a product, about 80 percent of the business costs go into labor. There is no magic bullet solution when it comes to lowering labor costs. This is not a manufacturing business that can use labor in countries that pay significantly lower wages. All property management services will have to be ...

Finding the right property manager for your investment is essential. In order to help you choose an outstanding professional to manage your property, we have a three-part series full of tips and ideas that we have tried on our own and found to be successful. Part I deals with standards and professional expertise. Our first step in finding a property manager is this:

Step One: Find a manager who is a member of NARPM.

NARPM stands for the National Association of Residential Property Managers. This is a nonprofit organization that represents and promotes the interests of qualified, experienced and ethical property managers. The organization provides a lot of suppor...

Selecting the right property managers can mean the difference between a profitable investment and a stagnant rental unit. Managing a rental property is no easy feat and you need a property manager who is knowledgeable and willing to get the work done. Finding someone who can run your property efficiently will help you get the maximum return on your investment.

From a landlord’s perspective, a good property manager should find reliable tenants, collect rent, ensure lease agreements are being met, and provide vendors for maintenance requests. Additionally, they should be conducting annual inspections to make sure the unit is being properly maintained.

But what hap...

Its tax time and if you are new to Tampa rental management you likely have questions about tax deductions on your Tampa rental property. The tax treatment of your Tampa property while under property management is quite different to your primary residence. The good news is that a lot of your expenses as a landlord can be deducted to offset your rental income. Generally you will be able to deduct the following rental expenses:

Property Management Service Fees:

Your property management expenses such as management fees and leasing fees are deductible.

Mortgage Interest:

If you have a mortgage, the interest you pay each year (that is reported to you on a 1098) is deductible.

Taxes:

Your ...

We often receive enquiries from property owners asking what we charge for property management services in Tampa. This is a legitimate question so we publish our property management rates on our website, but if it is the first or only question we are asked, we usually respond by asking the property owner some questions in return. We will ask them about their property, their situation and their expectations to see if our work quality and work scope are a good match for their needs. It is difficult to discuss price without knowing the property owner's needs and expectations.

A good analogy would be selecting a painting contractor to have the exterior of your property painted. Just like prop...

If you currently rent from Hoffman Realty Tampa Property Management, do you know we offer the you a free service that allows you to pay your rent online? If you are not currently using this service, here are some reasons to sign-up for online rent payment:

You can save money. You don't have to pay gas to drive to our office or pay for postage to mail us a check. You can pay your rent online through your Renters Portal for free.
You receive confirmation of received rent payment. You know we have received your rent when you pay online as your payment shows on your ledger and your receive a confirmation email.
You can pay rent from anywhere. You don't have to be in Tampa FL to pay rent. Pay f...