Do It Yourself Property Management in Tampa is Creating Headaches for Local Neighborhoods
Investing in real estate in the past has usually been a safe bet and while it has peaks and valleys like every other industry, for most investors, real estate is something that can be counted on.
However, with the rise of more investors comes a similar set of DIY property owners. The downside of these DIY property owners is that they often don’t have the resources or time to properly manage a rental property. That results in tenants who are poorly screened, inconsistent maintenance is performed on the property, and a host of other issues. This not only causes issues for the value of the home, but the value of the neighboring homes as well.
“There is still a great opportunity to invest in real estate,” says Paul Heaps, a property owner with RPM. “Investors usually mean well and I have to assume that most DIY property owners don’t even realize that by not hiring a quality property management company they are essentially putting a time bomb on their property that can go off at any second. With a little education they can easily see that with a minimal investment their property will be in better condition and thus worth more for years to come.”
Whether you live close to your investments or are far away, the idea that a property manager can help preserve your property and increase your potential cash flow should not be overlooked..
“Most long term investors in real estate say you can’t realize a good return on your property without a good property management team,” says Mike Smith. “They’re not just invaluable, they are necessary for a successful investment.”
For property management in Tampa, as the market continues to provide a seemingly endless supply of renters, the trick will be to find the right Tampa based property management firm to partner with.
About Real Property Management
Real Property Management Instant Equity assists Tampa area property owners in advertising the property, setting rent rates, screening tenant applications, leasing the property, maintaining and inspecting the property, and even assisting through the eviction process when necessary. RPM Instant Equity is a full-service property management company and has over 25 years of industry experience. For more information on how we can help ease your stress please call 813-445-8280.