Tampa, FL: The Big Guava
With 384,959 residents, Tampa is the third-most populous city in Florida. It also serves as the seat of Hillsborough County. Sports play a major role in the culture of Tampa, with professional sports teams such as the Buccaneers (NFL), the Lightning (NHL), and the Rays (MLB) calling it home. College sports are also a big deal in this city. Notable higher education institutions include the University of South Florida, the University of Tampa, and Hillsborough Community College.
Tampa also boasts a vibrant arts and culture scene. Performing arts companies and venues located here include the Tampa Theatre, the David A. Straz Jr. Center for the Performing Arts, the Gorilla Theatre, the Florida Orchestra, Stageworks Theatre, and Opera Tampa. There are also several museums in the city, such as the Tampa Museum of Art, the Museum of Science & Industry, and the USF Contemporary Art Museum.
In addition to this, Tampa hosts a number of events throughout the year. Some examples are the Gasparilla Pirate Festival, the Gasparilla Festival of the Arts, the Florida State Fair, and the Gasparilla International Film Festival. Other attractions include the Busch Gardens Tampa Bay, ZooTampa at Lowry Park, the Tampa Bay History Center, and the Florida Aquarium.
The State of Tampa’s Rental Market
Property investors flock to Tampa for many reasons. Florida is known as a landlord-friendly state, where rent control is prohibited and there are no restrictions on late fees. Tampa, in particular, also has a high renter population. In fact, 51.4% of the city’s residents rent their homes.
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In addition to a wide pool of tenants, Tampa also boasts high rent. Landlords can earn above-average rental income, with the average rent for an apartment being $1,647. To break it down further, 31% of apartments in this city fall between the $1,501 to $2,000 rental range, and 23% command a rate of over $2,000. Rent has also been steadily crawling upward since 2012.
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The median listing price for a home in this city is $350,000. While properties are not as affordable as those in other cities, Tampa still has an attractive rental market for landlords thanks to its renter population, high rent, and landlord-friendly laws.
How a Tampa Property Management Company Can Help
There are several rental properties in Tampa, whether they are townhomes, apartments, condos, or single-family homes. As such, there is also a high demand for property managers. Landlords normally have insufficient time or expertise to manage their own rental properties. Meanwhile, other landlords lack interest, have too many properties to juggle or live far away.
This is where a Tampa rental management company can help. With professional assistance, landlords no longer need to shoulder the burden of their responsibilities. They can delegate most of their tasks to an experienced manager while still earning rental income. Here are just some of the services you can expect from a rental management company:
- Rental property advertising
- Tenant screening
- Property showings
- Rent setting and collection
- Lease agreement preparation
- Routine inspections (including move-in and move-out inspections)
- Lease terms enforcement
- Maintenance and repairs management
- Tenant support
- Budget management
- Tax preparation
- Eviction assistance
In Search of Property Management in Tampa?
Finding a rental management company in Tampa can come as a challenge. Rental Choice aims to make it much less difficult for landlords and property investors everywhere. Using our online directory, you can search for property management companies by city or state as well as gain access to their contact information — all in one easy-to-use site!