We did the research for you. Finding a great property manager is the key to creating a truly passive income from rentals. This is not an easy task even with online reviews. We tested the performance of 30 property management companies in Tampa. From that list, we selected ten companies. As former property managers and current landlords, we reviewed the things that truly impact the bottom line.
This is how we evaluated and rated the management companies.
Responsiveness to showings and answering questions – how fast they responded to our rental inquiries and how fast we can schedule a showing for an available and vacant property.
Efforts to reduce vacancies – listing properties before they become vacant. Listing a property before it’s vacant is very inconvenient for the managers so if they do it, it shows that they make an effort to rent it as fast as possible.
Length on market – how long listings stay on the market if they are vacant and available.
Presentation of current listings – photos, videos, and condition of the property.
Experience – how long has the company been in the same business. The result is expressed in points not years.
Industry participation and reputation – membership in the property management association and related designations.
Cost – we consider the cost to lease, manage and renew a lease on a $1500 rental. Some property managers charge a flat fee which makes it more cost-effective for higher-end rentals.
About Our Rating
These are the top ten property management companies in Tampa Bay. They are rated according to our proprietary scoring system and the stars do not have the usual meaning. They are an expression of our own rating system.
Jana Christo is a business owner, real estate investor, and property manager. She has 16 years of experience in most areas of real estate. During the last recession, she was also the managing partner for a company that bought and rehabbed properties from the court foreclosure auctions. Today, she manages her own portfolio of rental properties and shares her experience on Rentce.com.
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