Frequently Asked Questions

Here are the questions we hear most often from those considering professional management for their rental property

There are multiple ways that landlords can increase their occupancy rates. Once a property becomes vacant, work efficiently and effectively to get it rent ready by hiring vendors. Some of the easiest ways include responding to maintenance issues quickly, taking an aggressive approach to advertising and marketing, conducting market research to determine an appropriate price point, and responding to inquiries about the property within a timely manner.

2) What can I do to increase the longevity of my tenants?

Keeping tenants happy and in your property long-term can boost your profit as a landlord in Tampa rental property management. Respond to their maintenance requests quickly and follow up with them to make sure the work performed was satisfactory. Rewarding tenants who pay rent on time each month can also increase longevity. At Specialized Property Management, we have a rewards program that allows tenants who pay on time to get access to coupons on items that they buy daily from grocery stores, restaurants, and entertainment.

3) What is the best and easiest way to ensure rent collection goes smoothly?

Make paying rent as easy and as convenient as possible for your tenants. Offer online rent payments and automatic withdrawals from their bank accounts. Be clear with your tenants about when rent is due and when it is considered late. If they are paying with a paper check, make sure they know where to mail or turn in their rent check to Tampa rental property management.

4) What can I do to avoid legal troubles as a landlord?

The best way to protect yourself as a landlord is to stay up to date with housing laws and regulations. There are federal, state, and local laws that must be followed. Failure to comply can result in costly fines. Have professional legal counsel available to yourself if you do find yourself in legal trouble.

5) How can I avoid costly maintenance and stay on top of preventative maintenance?

Catching a repair early is an easy way to save money on maintenance. At Specialized Property Management, we recommend that landlords conduct routine maintenance inspections of both the interior and exterior of the property. Doing so also allows you to see that tenants are in compliance with the lease agreement rules like occupancy guidelines and pet rules. Our clients also receive our preferred Tampa rental property management vendor pricing and can save hundreds of dollars on maintenance.

6) Can I save money if I manage my rental property myself?

Too often, private landlords quickly learn that managing a rental property themselves is more work than they anticipated. Property management requires availability, knowledge, and expertise in many areas. At Specialized Property Management, our fees are straightforward and competitive. When you hire us, you know that you and your property are protected.

7) How can I make sure that professional management fees don’t take away from my rental profits?

Our aggressive marketing tactics help rental property owners fill vacancies more quickly than ever. Our management fees basically pay for themselves in the money that we save clients on vacancies. Our knowledge and expertise protects rental property owners from costly common mistakes. Tampa rental property management fees through our company also serve as a tax write-off.

8) If I hire a property management team, how will I know what is going on with my rental property?

Transparency and communication are highly important to our team. Our website allows owners to access their Online Owners’ Portal where they can find information and documents regarding their investment. Clear communication is a top priority to us, and we also offer 24-hour live support to clients.

9) How do I choose a property management company that is right for me and my investment?

Picking the right property manager is crucial to your success as an investor. It is important that you pick a manager that is property licensed and has experience. Have a list of questions ready to ask as you interview various property managers. We recommend interviewing at least three. Carefully look for any hidden fees. As a Tampa rental property management company, we are proud to say that we will never hide fees and have a straightforward cost structure that is easy to understand.

10) Why is Specialized Property Management better than other Tampa rental property management companies?

Our experienced team knows the Tampa real estate market when it comes to property management. We have more than 30 years of experience and knowledge that have set us up for success. We have an A+ rating with the Better Business Bureau and our clients know that they can count on us to deliver quality service. Contact us today to see how we can help you.