Tampa Bay Property Management Blog

Investing in Commercial Properties: Opportunities and Considerations

Thinking of investing in commercial property? If so, you've picked the right time: by 2029, this U.S. market should be worth $28.16 trillion, according to Statista.Despite that staggering number, these investments aren't risk-free. For starters, commercial property is a v...

Decrease Vacancies With Creative Leasing Strategies for Tampa Bay, Florida

In 2023, many Tampa Bay landlords struggled to attract renters. In fact, this area made the list of the top 20 U.S. cities with the highest vacancy rates.Needless to say, a high vacancy rate is a major financial risk. For starters, any lapse in occupancy will interrupt your cash ...

The Importance of Due Diligence in Commercial Property Transactions

If you're currently sitting on the fence wondering whether investing in commercial real estate is worthwhile, here are some facts that might persuade you. The commercial real estate industry is set to reach a worth of over $25,8 trillion (yes, trillion) by the end of 2024. In...

Commercial Property Valuation Methods: Determining the True Worth of Your Investment

Early 2024 data reveals that the average asking price per square foot for U.S. commercial properties varies significantly. Offices average $37, retail spaces come in at $23, and industrial space is just under $8 (Offices.net).Commercial property valuation is crucial for investors...

Mastering Lease Negotiations: Tips for Achieving Favorable Terms in Tampa Bay, Florida

Starting a real estate business can be a great move and it can help you generate a reliable income. However, it's not always easy.There are all kinds of challenges you'll face, so it's important to know what you're doing and take the right approach. Property lease...

Maintenance and Repairs: A Guide to Keeping Commercial Properties in Top Shape

Real estate can be an excellent source of income, and commercial real estate in particular has a huge amount of potential.When investing in commercial real estate, it's important to look after your properties. This means handling maintenance and repairs efficiently. To do thi...

Financial Reporting Made Easy: Effective Budgeting and Reporting for Property Managers

Imagine being a property manager juggling multiple properties, tenants, and maintenance requests, all while trying to keep your financial reports accurate and up-to-date.It can feel like a balancing act - one wrong move, and things can spiral out of control. But what if managing ...

How to Create Long-Term Stability for Your Property Management Company in Tampa Bay, FL

It's a summer day in Tampa Bay. As a property manager, you're juggling angry tenants with AC issues, a looming hurricane season, and competition from new firms. Your phone won't stop buzzing, and you're wondering if you'll ever get ahead.Sound familiar?In the ...

Rental Evictions in Tampa Bay, FL: A Guide for Landlords

Owning a rental isn't always smooth sailing, even in Tampa Bay. Despite your best efforts to communicate clearly and vet your tenants, you may end up with someone problematic. And Florida now ranks second in the nation for eviction moves.What should you do? Read on to learn h...

Lease Enforcement Best Practices for Commercial Property Managers

The Florida commercial property market is currently very stable, making it a hot spot for investors. If you're looking to craft and enforce a top-notch lease in the Tampa Bay area, you may wonder about lease enforcement best practices.Here, we're going to discuss tenant c...