Institutional Property Management in Tampa, FL
Most property managers are NOT real estate investors, so they don’t manage properties like you would. That means more headaches and less profits.
All our PMs are also real estate investors, which means more profits for you.
People who own investment properties just get it – the importance of timely collections, low-cost maintenance, and aggressive rentals. When your property manager doesn't have an owner’s mentality, your portfolio suffers.
We've tried it both ways - management structures where tasks are spread out over teams of specialists versus companies where one Property Manager has full knowledge of all aspects of your home. The latter always works best! And with a client portal, you always have the information you need.
Due to a 6% management fee, 50% of one month’s fee for leasing, no renewal fees and maintenance markups, most investors who switch to HomeProp PM save at least $979 per unit per year.
We handle it all
(so you don’t have to)
No matter when the call comes in, our Property Managers are ready to take the call and handle the repair. Your home stays in tip-top-shape, your tenant stays happy (and paying), and you get a good night’s sleep. And while owners are responsible for the cost of repairs, you can trust that we’ll use the best combination of tenant training, Property Manager repair and best-match vendor to ensure that you get the best combination of price and quality for your repair.
Our attorney-drafted lease has got you covered. All the terms and conditions that ensure a great landlord experience are in there, motivating the best-behavior from your tenant. When notices need to be served for not-so-great behavior, or for delinquent rents, we use the best notices and serve them promptly. Lease renewals are covered too, so are terminations and modifications. And if a tenant decides to get legal, our network of attorneys will join your team and get to your work on your behalf. Peace of mind and better results – that’s the HomeProp way.
HOAs, City Codes, Rental Inspections, Housing Authority Inspections, utility company inspections… these people must think we don’t work for a living! You don’t have time to handle these kinds of things, but we do. We’ll keep your property in compliance with our Turnkey management services.
And you’ll always know that your property is safe thanks to our Free Quarterly inspection program. Using all the tools at our disposal, and starting with excellent tenant training, we make sure that your home’s inside is inspected on a quarterly basis. As investors, we know that nothing is quite as important as having a first-hand assurance that your home’s condition is being preserved.
First step – make sure the price is right. We do that in consultation with you to ensure that your expectations are met. Don’t forget to match condition with pricing. A beautiful home will always rent for more! Combine that with top-shelf photography, self-showing technology and all electronic leasing, we’ll have your property leased in under 30 days.
60-days out from lease-expiration, we commence negotiations with your tenant for the optimal rent rate. In todays market, that could be a large increase. But supplies are short and demand is strong, so it’s in your best interest to release for as much of an increase as possible. If the market starts to contract, we might see declining rents. In collaboration with you, we will be prepared to negotiate with your tenant for the best rent possible, regardless of the state of the housing market.
As investors, we know how important it is to know the details behind your performance. That’s why we’ve created a comprehensive set of reports to share with you every month. From Balance Sheets, to Income Statements, to Rent Rolls and comprehensive tax-time income and expense reporting, you’ll always have what you need from us to balance your books. Your reports are available to you at all time on our Owner Portal at HomePropPM.com
Your tenant will give notice and move out of their property once every 3 years, on average.
When a move-out notice is received, it’s the perfect time to do a Rent-Versus-Sell analysis so that you can determine the best course of action for your investment property.
If “Sell” comes out on top, then let us help you renovate your investment property to an appropriate standard so that it will sell for top-dollar. We can help you market your home too, through our Brokerage services!
But if “Rent” still wins out, then we’ll rehab the property a rent-ready standard and get it released ASAP – in under 30 days, most of the time!
3 Benchmarks for Property Management Success
If you aren’t receiving the following results from your current Property Manager, let’s talk.
Total rent collected as a percentage of total charges should be 99.5% or greater. How does that compare to your current property manager?
Average Vacancy Rate
If you spend any more than 5% of your annual rent on maintenance, portfolio profitability becomes less likely. How does your current spend compare?
3 Simple Steps to
Passive Property Ownership
3 Simple Steps to Passive Property Ownership
1. Book a Free Consultation
Ever situation is different. We’re ready to hear yours! Take 15 minutes to talk with one of our Property Managers about your needs.
2. Get a Plan
We will create a management strategy based on your unique investment portfolio.