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Jan 09th 2013

Tampa Property Management Guide – How to Attract Tenants

Posted By: Andrew Dougill In:   Rental Property Owner Education

How do you know if your property manager is no good?

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...


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Oct 17th 2012

Price versus Service: Demystifying Property Management Fees in Tampa, FL

Posted By: Andrew Dougill In:   Rental Property Owner Education

Price vs Service - Demystifying Property Management Fees

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 ...


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May 23rd 2012

How Do You Know Your Property Manager is No Good – 3 Signs to Watch Out for Part 2

Posted By: Andrew Dougill In:   Rental Property Owner Education

How do you know if your property manager is no good?

Owning a rental property is one of the largest assets someone will acquire in their lifetime. Selecting the right property manager to protect your investment is considerable when looking to maximize its return value. But, what happens when the property manager you choose turns out to be no good?

 


Well, that is why we at Hoffman Realty have put together this three part blog series to help you determine if your current property manager just isn’t getting the job done. In the last four to five years, we have never seen so many complaints from landlords about their property managers.

We’ve compiled the top three reason landlords tell us, they’re unhappy with their prop...


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Apr 20th 2012

How Do You Know Your Property Manager is No Good? 3 Signs to Watch Out For Part 1

Posted By: Andrew Dougill In:   Rental Property Owner Education

How do you know if your property manager is no good?

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...


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Apr 12th 2012

How to find and screen your perfect tenant in Tampa, FL

Posted By: Andrew Dougill In:   Rental Property Owner Education

How to find and screen your perfect tenant in Tampa, FL

When it comes to managing a rental property, a poor tenant can prove to be more costly in the long run than an empty home. Finding a qualified tenant in Tampa is not an easy venture and you can’t leave it to chance to decide whether a person will be a reliable tenant.

According to Landlord.com, the art of tenant screening consist of the systematic accumulation of information about a prospect, verification of the information, analysis of the information, and the comparison of the resulting profile to a predetermined standard to determine if the prospect meets the minimum standard.

Having a set of predetermined screening standards will help you weed out the good renters from the bad. ...


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