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Should you Rent or Sell Your Investment Property? – Tampa Landlord Advice

Deciding whether to sell or rent out your investment property depends on a number of factors, including the strength of the real estate market, your financial position, and your short and long term investment goals. There are strong arguments for each decision. Today, we’re reminding you to consider cash flow, ROI, tax liabilities and benefits, and the time and effort required to effectively manage a rental property.

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What is the Eviction Process in Tampa FL?

Eviction is usually a landlord’s last resort when a tenant isn’t paying rent or following the terms of the lease and needs to be removed from the property. We always encourage our owners to avoid eviction whenever possible. It’s expensive, time-consuming, and difficult. However, if tenants are uncooperative, you need to remember that your main goal is to get possession of your property again as soon as possible. Sometimes, eviction is the only way. In Tampa, the eviction process is fairly straight-forward.

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Accidental Landlord Tips – How to be a Tampa Landlord

An accidental landlord is one who inherits a property, or doesn’t intentionally invest in real estate in order to rent it out. Maybe you own a home in Tampa and you’re leaving the area, but instead of selling the property, you’re going to hold it and rent it out. Or, a family member has passed away and left you a property. When you’re left with a home that you decide to rent out, you need to be prepared for everything from tenant screening to emergency maintenance. We have some tips today on how to manage your new responsibilities as a landlord.

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Self Managing vs. Professional Tampa Property Management

Whether you’ve inherited a rental property or you’ve invested intentionally, you’ll need to decide whether you want to manage that property on your own, or hire a professional property management company to do it. If you decide to self-manage, you’ll need to have the time, skills, vendor relationships, and expertise to manage your home effectively. If you decide to hire a professional management company, you’ll have to be sure you’re willing to let someone else make the decisions and take the actions that will keep your property protected and profitable.

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Is It Time to Change Tampa Property Management Companies?

When you’re working with a great property management company, you hardly have to think about your investment property. Rent is coming in regularly, you know the home is being well-maintained, and your property managers respond to you promptly and completely when you have a question.

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How to Find a Property Manager for Your Tampa Rental Property

Working with a professional property management company in Tampa can help you achieve a more successful investment experience. You’ll have a great tenant, consistent cash flow, and the peace of mind that your property is being well-maintained. If you’re not sure where to find a great property manager, we have some recommendations for you.

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