Property Management Tampa Bay Area of Florida

Tampa Residential Property Management Service.

Langee Realty Inc. (813) 333-5263

Serving Tampa bay area of Florida since 1996.

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The Benefits of Using a Management Company for Your Rental Property Maintenance

Tampa Property Management

As a landlord, your rental properties will probably be your biggest assets. Having a property occupied by a good tenant will provide you with a steady stream of income and you will hopefully be making a healthy return on your investment.

One thing that new landlords often forget about is that their property will need to be maintained. Rental property maintenance is something that can cause landlords throughout the country a great deal of stress and expense.

Trying to find plumbers, painters, repairmen etc. to keep your property in good shape while changing a reasonable price for their work can be a real headache, especially when you have other things in your life you need to attend to. It makes sense for a lot of landlords to hire a professional property management company to handle the maintenance of their rental properties.

What Is Property Maintenance?

Property maintenance consists of maintaining your rental property in good shape. Most leases will require that a landlord keeps the property in a reasonable shape and to ensure that it's safe to live in. Many things can go wrong with you rental property. The building may experience leaks or problems with the heating or air conditioning system and depending on the lease, it is usually your responsibility to fix it.

All rental properties will experience wear and tear while being lived in, the same way that any other property would. As a landlord, you will want to keep your property in a good condition to maximize its rental potential. You may even want to redecorate between tenants. A poorly maintained and run-down property will be less attractive to potential tenants and may even fetch a lower monthly rent because of its condition.

The Difference between Repairs and Improvements

As a landlord, you will generally be required to repair any damages to your rental property while it is occupied. Excluding intentional or negligent damage by the tenant, repairing things like air conditioning systems if they break down will usually be your responsibility.

An improvement is a non-essential change to a rental property. You are generally not required to perform any improvements on a property unless stated in your lease. Sometimes, a long term tenant may want to carry out an improvement on the property, for example installing new windows. Many landlords agree to fund part of the bill and the tenant fund the rest because the landlord obviously benefits from improvements to the property in the long term.

Who is Responsible for Property Maintenance?

A lease will set out the exact terms of property maintenance, but generally the landlord will be the one who is responsible for the maintenance and the associated costs; however certain small property maintenance tasks like keeping any lawns neatly trimmed are usually performed by the tenant.

Many states have laws that require a property to be kept at a certain standard that is healthy and safe for the tenants to live in. A landlord will also be responsible for making sure these laws are complied with.

Tampa Property Management

Using a Property Management Company

If maintaining your rental property is not something you want to deal with, consider outsourcing your repairs and maintenance to a professional property management company.

There are a huge number of benefits to allowing your property to be maintained by professionals rather than doing it yourself. Keeping your property in good condition and quickly and efficiently repairing any problems will lead to a happy tenant. A happy tenant is more likely to pay rent on time and renew their lease which will save you time and money in the long run.

If you live a long distance away from your investment property, it can be difficult and sometimes impossible to keep on top of your property maintenance. It may even be that you have little knowledge of their area your property is located in and do not have a list of reputable repairmen to call on should the need arise. If your property is not well maintained or problems are not fixed quickly, this can lead to a unhappy tenant who is likely to leave your property as soon as they can.

Landlords who live away from their rental property are often overcharged by handymen, plumbers and AC repairmen. It is easy for them to overestimate the costs involved in fixing a problem, and without you or someone you trust being there; you have to take their word for it.

A good property management company will have a list of respected and fully licensed and insured subcontractors that they have built up a relationship with over many years. Because of this close relationship, many property management companies are able to get repair work and maintenance done for greatly reduced prices and these savings are passed on to you.

A good property management company will be able to regularly inspect the exterior of your property to insure that it maintains a good appearance. Maintaining the looks and condition of your property is crucial for attracting good quality tenants. If you property starts looking worn down and dated, it is likely that the sort of tenants that you want to attract will not be interested in renting your property.

A major benefit of hiring a property management company to take care of your maintenance is the speed at which any repairs can be done. A tenant will be able to contact the property management company if there are any problems with your property and because of the good relationship with subcontractors, the problem can be repaired quickly, sometimes the same day. If a serious problem occurs in your property like a heavy leak, getting it fixed quickly could save you spending even more on damage costs.

Although it is possible to manage the maintenance of your rental property yourself, many landlords choose to outsource this to a property management company. The money spent on hiring a property management company often pays for itself many times over in increased property value, happy tenants that renew their leases, preventing problems before they happen and saved time.

We can offer property maintenance services in the Tampa, Florida area.

Tampa Property Management - Maintenance

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Tampa Property Management - Maintenance

Langee Realty Inc. (813) 333-5263

3125 W Hillsborough Ave Tampa FL 33614

We are open Monday to Friday 10:00 to 6:00

Serving Tampa Bay Area since 1996

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