Institutional Property Management in Tampa, FL

HomeProp’s investor-PMs are institutional PM experts who save you money and stress.

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.

Owner’s Mentality

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.

Full-Service Managers

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.

Big Savings

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)

Our comprehensive Tampa Property Management services streamline the collection of rents and fees, accommodating nearly every payment method your tenants might use, from Debit Cards and Bank Drafts to various cash pay services. We ensure deposits flow directly into your bank account at no extra charge. Additionally, you benefit from real-time, monthly financial reporting of income and expenses via our intuitive platform, HomePropPM.com, keeping you informed and your finances organized. This is part of our commitment to providing seamless and efficient property management in Tampa.

Click here to see all the convenient locations where your renters can pay their rent!

Our dedication to Excellent Tampa Property Management Services ensures that whenever a repair call comes in, our Property Managers in Tampa are always prepared to respond swiftly and manage the situation effectively. Keeping your home in excellent condition is our priority, which in turn keeps tenants satisfied and the rent payments flowing. As an owner, while you’re responsible for repair costs, rest assured that we employ a meticulous blend of tenant guidance, skilled Property Manager intervention, and carefully selected vendors. This strategy guarantees that you receive the most cost-effective and high-quality repair solutions, allowing you peace of mind and the comfort of uninterrupted rest.

Learn more about Maintenance at HomeProp by clicking here!

At HomeProp, our attorney-drafted lease is a cornerstone of our Property Management Services in Tampa. It encapsulates all the essential terms and conditions to foster an excellent landlord experience, promoting ideal tenant behavior. Our proactive approach ensures that when there’s a need for notices due to subpar behavior or overdue rents, we deliver them swiftly and effectively. Lease renewals, terminations, and modifications fall under our comprehensive coverage. In the event of legal challenges, our network of seasoned attorneys is ready to advocate vigorously on your behalf. With HomeProp, you gain peace of mind and superior results – a testament to our commitment to top-tier Property Management in Tampa.

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 best-in-class Tampa Property Management services.

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.

Curious about what your unit might rent for? This is just one of the rent-price tools that we use to set your best-rent.

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 Tampa Property Management Success

If you aren’t receiving the following results from your current Property Manager, let’s talk.

99.5%

Collections

Total rent collected as a percentage of total charges should be 99.5% or greater. How does that compare to your current property manager? Trust HomeProp for Tampa Property Management Expertise

3%

Average Vacancy Rate

A healthy portfolio should have a vacancy rate of less than 3%. That is one month out of each year where your home is either not rented or where funds are uncollectible.

5%

Maintenance Reserve

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. 

3. Enjoy Passive Income
Finally, you can stop managing your property and your property manager, and start enjoying effortless, passive income.

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