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U.S. Census data found that individual investors own nearly 70 percent of rental properties across the U.S. You need a community management company to oversee your real estate investment. Community management companies in Tampa will give you much-needed professional insight.
Community management services include managing the common areas of the property, overseeing the budget, and working with vendors. A community association manager also acts as a point of contact.
Here's more on why community managers are best for your Tampa, FL, real estate property investment.
Common Areas
A community association manager looks after the common areas of the property. These are areas that everyone uses, such as the pool, playground, tennis courts, or green space.
A community management company ensures the grass is cut and trees are trimmed.
Managers also oversee pool management. Does the pool have the right chemicals, and does the filter work properly? The community association manager hires lifeguards and buys deck chairs and umbrellas.
Community management companies in Tampa also schedule private parties in common areas. For example, if someone wants to use a pavilion or pool for a birthday party, it's up to the manager to schedule.
Budget
Community management companies in Tampa work with the real estate investor to develop a budget. A community manager for real estate has a working knowledge of spreadsheets and finances.
You need money for landscaping, trash pickup, and general upkeep. Community management lets investors know if there are cost overruns.
Vendors
Vendors work with a community management company to take care of work on the property. For example, this includes working with a trash removal company or landscaper.
The community management companies in Tampa work out the details with the vendor, such as work arrival times and exact duties. If something doesn't happen, then it's up to the manager to correct the problem.
When a vendor doesn't do the assigned work, it's up to the community manager to take them to small claims court.
Point of Contact
A community manager for your real estate investment acts as the point of contact between the investor and any vendors or others involved with their investment.
A community manager often fields the call when there's an issue on the property. For example, a community manager will be among the first to know when a power outage or a tree is down.
When a problem arises with the pool water or a pothole develops, community managers help facilitate those issues.
Community Managers for Your Real Estate Investment
Your real estate investment is important to you, and you want the best team helping to run the property. Community managers oversee the common areas, work with the budget, and manage vendors. They also act as a point of contact for your investment.
Our professional team in Tampa has the best community manager for your real estate investment. Whether you are a solo investor or part of a real estate investment trust, allow our skilled experts to give your property the attention it deserves.
