Property management companies manage rental homes for owners. They market vacancies, screen tenants, collect rent, coordinate maintenance and repairs and handle day-to-day communication with residents.
Common property management services include:
Consider a property manager when you own rental property and want help with leasing, maintenance and tenant relations, or when you live far from the property.
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Hoffman Realty LLC is a Tampa-based property management company serving Western Hillsborough County, Eastern Pinellas County, and Southern Pasco County. With over 30 years of experience, the company specializes in managing single-family homes, townhouses, condos, and multi-family buildings. Hoffman Realty focuses on simplifying property management for landlords and investors by providing comprehensive services including tenant screening, property maintenance, legal compliance, and financial management. The company emphasizes transparency with upfront pricing, no hidden fees, and guarantees on their services. They offer extensive tenant screening, regular property inspections, and a commitment to protecting property investments. Hoffman Realty is known for personalized service, proactive communication, and a strong reputation for customer satisfaction in the Tampa Bay area.
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A property management company markets rentals, screens applicants, prepares leases, collects rent, coordinates maintenance and inspections and provides owners with financial statements.
Consider one when you own more rentals than you can comfortably manage, live far from the property, or want help with leasing, maintenance calls and rent collection. Many charge a monthly fee based on rent collected plus leasing or renewal fees, so compare the full fee schedule in each agreement.
Ask how they screen tenants, handle maintenance requests and after-hours emergencies, and report to owners. Some states require property managers to hold a real estate license, so ask about it, and read the management agreement carefully.
Cost depends on the number and type of properties, rent levels, services included, leasing and renewal fees and how maintenance is billed.
Gather lease documents, rent history, maintenance records and insurance information. Decide which decisions you want to approve, such as repairs over a certain amount.