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Towns throughout the Tampa Bay Area 1024 675 Relevé Real Estate

Towns throughout the Tampa Bay Area

The Tampa Bay area is geographically spread out from down to the Ruskin area all the way to Clearwater and St Petersburg.  There are tons of ‘towns’ throughout, each with its own individual character.  Here are some quick snapshots of some towns in Tampa Bay.

First of all, South Tampa has historic homes, townhouses, condos, and luxury lofts. Everything from festivals to live music and an active nightlife.

Ybor City. Ybor has “modern and renovated condos, townhouses, and lofts.” Ybor also has restaurants’ and shopping. Looking for the business district? Downtown Tampa is your place. It offers lofts and high rises for places to live in, and with places of interest to see, like the children’s museum.

North Tampa is filled with development and new construction homes.  Retail is starting to fill in the areas along the State Road 54 corridor.  Towns like Trinity, Land O’ Lakes and Lutz are seeing explosive growth.

Similarly, If you want suburban/residential, then you like these areas, New Tampa has lots of ranch-style houses and “family-friendly neighborhoods.”

Brandon is a “Typical suburban community” and it has “everything from apartments to homes.” It’s like any place, depending on where you live will depend on how quiet the community is, or if you are near restaurants, shopping, and bars.”

Lithia/Fishhawk Ranch “offers condos, townhouses, ranch-style, and new bungalow-style housing in basically all price ranges, and is a very family-oriented community.” It is a long drive to the hot spots like South Tampa, Ybor, and Channelside.”

Finally, there is Plant City. Plant City is known for peace and quiet because the houses are further apart.

Which place or neighborhood would you choose from each town?

Property Management Tampa FL Companies Facts That You Probably Do Not Know 1024 683 Relevé Real Estate

Property Management Tampa FL Companies Facts That You Probably Do Not Know

1. Single properties require lower management fees.

Compared to a multi-unit residential real estate property, owning a single residential property to be managed by a property management Tampa FL companies requires lower fees not only because of the number of tenants but mainly because of the on-site property managers who need to live within the vicinity.

Basically, this a person assigned by the company itself that the owner needs to pay separately.

2. Some property management Tampa FL companies collect added premium for multi-unit residences.

For some reason, these properties – condos, townhouses, apartments – are harder to market than single properties, thus, the premium. Theoretically, real estate market price devaluation hits harder and longer on multi-unit residences (also called multi-family residences). This gives property management companies less security for their own earnings.

Like in any business, security is something that can dictate price (the same reason why less secured cars pay higher insurance premiums).

3. Hiring a property manager who will find tenants is more practical than availing of an overall property management service.

Prospective tenants only trust property managers with a license in property management as approved by the state. Property management Tampa FL companies have more experience in closing deals; hence, you have less worry to carry. In this case, you only have to pay a one-time charge.

It is recommended for a property owner who can manage to collect, communicate, and ensure maintenance and monitoring of his/her asset to just do the work himself/herself, especially if his/her residence is just within the area. This gives up to $5000 of savings.

4. Brisk market and stagnant market are the biggest determinants of rental price.

If a Tampa property management company tells you that heavy renovations will guarantee rental rate increase, then, you are gullible enough to believe.

While renovations and additional amenities contribute greatly on rental price, these are still dependent on the status of the rental and real estate market – a brisk market and stagnant market.

The Brisk market is the time when the number of potential tenants is higher than the available rental properties in a particular area. A stagnant market, on the other hand, is the time when the available rental properties are higher than the willing renters. It is, basically, all about the law of demand.

When the market is brisk, property management Tampa FL companies can increase the rental rate, regardless if renovations are done or not. If it is stagnant, no amount of renovations will guarantee a rental increase.