Investing in a rental property in St. Petersburg, Florida, is more than just finding a great deal and making a down payment. There is continuous work you must put in, known as basic property management, in order to profit from your investment and maintain and increase your ROI. If you’re a first-time property investor or an accidental landlord, you may be wondering how to maximize your opportunity and create a stable income stream from renters. The answer is basic property management. When you learn what tasks must be done to effectively manage your St. Petersburg rental property, you’ll quic ..read more

The word “vacancy” is something no landlord in Brandon, Florida, wants to hear. In terms of the rental market, vacancy means losing money because there is no tenant in the property paying rent each month. Since having a vacancy is so costly and problematic for landlords, they need to learn how to approach their tenants differently. There are two methods to reduce vacancy rates in Brandon, Florida. The first method is to retain the current tenants living in the property. Some may agree that this is the easiest way to reduce vacancy rates. The second method is to tailor your listing to acquire ..read more

As one of the top property managers in Tampa, we at Rent It Network have seen our fair share of tenants both good and bad. A good tenant relationship is one of the most important aspects of running a rental property. Once you’ve locked a tenant into a lease, they’ll most likely be there for the remainder of it barring any unforeseen circumstances. Even if they aren’t a good tenant, it’s pretty difficult to evict someone without proper grounds for doing so. In order to avoid the stress of dealing with a no-good tenant, watch out for these red flags not to miss during tenant screening. Previous ..read more

As one of the primary property managers in Bradenton, we at Rent It Network know the business inside and out. If you are an investor looking to hire a property manager, you need clarity on what exactly a property manager does and what questions to ask when deciding who to hire. There are many components that go into property management; below we listed some of the most important factors to discuss when interviewing a property manager. How Do You Handle Leasing? Leasing is the backbone of property management; without tenants, there is no business in property investment. To get a feel for how th ..read more

As a landlord, it’s obvious that you want to lease your Tampa rental property for the highest amount possible. After all, that’s how you boost your profits. But increasing your rental property income and maximizing your profits is not always easy to do. Sometimes the things you do to earn more money actually backfire and end up costing you more in the long run. That said, with the right plan in place, you can increase your rental income without making your tenants feel as though all you care about is money. If you’re looking to generate more cash as a landlord, keep reading. We’ve got the 8 b ..read more

So, you own a property maybe as an investment property or maybe you fall into that category of an accidental landlord? Either way you are considering professional property management and evaluating the pros and cons. Lets take a deeper dive into that an unveil what many owners forget to consider.  Property managers do not just manage a property; they manage the tenant as well. These involve two totally different dynamics. Yes, they come together in the end but getting the best outcome for both sides of that equation takes experience, people, and processes. Let us separate what I am refer ..read more

Florida has long been recognized as the entertainment and retirement capital of the United States. Tampa has been a consistently growing market for jobs, beautiful beaches, and local history. The investor market has also played a huge part in the growth of Tampa Bay. Large corporations tend to love the location in central Florida to attract top notch employees. So how do this translate to housing? With more and more residents renting properties the demand for properties is now higher than ever. Many of the major areas around Tampa have experienced the growth of large apartment complexes stack ..read more

So, you are looking to buy an investment property, or you have already bought one. Now comes the time to “manage” it. A lot can go into this in the short term as well as the long term. You will hear terms like “proforma” and “below market” rental rates but what does that all really mean? Is it just some fancy sales language or is there truly a meaning behind them? The short answer is yes there is some truth behind those. The ugly truth is that the plan to get there is not always front and center or transparent. When purchasing an income producing property you should evaluate from the angle of ..read more

Investing in rental properties is a great way to build your wealth. When evaluating options and doing research you will see there are two distinct paths to achieve this. The first is the multifamily market consisting of 2+ units.  The second is the single-family market. Both have their advantages and the choice really depends the goals of the investor. Typically, all the research you perform will direct you to multifamily investing to look at straight cashflow… BUT what if I told you the new king for the small to mid-size investor is single family residential (SFR)? Here are a few compel ..read more

So, you have a rental property. Maybe you are interested in purchasing a rental property for passive income or long-term investment. Whatever the case may be you will need to inform yourself on how to maintain the property and how professional management will partner with you on this.  If you already own a property and you are self-managing this may be the hardest part of turning your property over to a professional management company. Not to worry though, change is tough for almost everyone. When handing over control of maintenance you want to make you understand exactly how it is handl ..read more