FAQs

Why do these residents choose to lease as opposed to owning?

Lender requirements have gotten much more stringent recently, therefore, taking many would be buyers and forcing them to once again lease. Many residents choose to rent for the freedom of choosing school districts, the current status of their employment, or for the chance to move to Tampa and “get to know” the city.

Should I accept pets?

TBRAIG recommends our clients to accept residents that have pets. In the event that we locate a resident that has pets we will collect an additional pet deposit and or fee to cover any damage that could potentially be done. Restrictions can be set per the owners preference (i.e. dogs under 25lbs). Depending on the pet and the owner, additional insurance may be required such as a bite rider through the Renter’s Insurance.

What is the screening process for potential residents?

Once a complete resident application has been submitted our staff will verify criminal, credit and resident rental history. We will also verify income, contact current employer and check rental references.

How will my home be marketed?

TBRAIG Property Management advertises all of our properties through several highly trafficked rental websites and MLS’s. In addition to a very strong internet marketing presence, we have worked hard to gain leads by building a very strong reputation with local realtors and builders in the Tampa Bay area. We also maintain strong relationships with prior tenants and clients and receive a ton of word of mouth referrals to help place great tenants. Many of our techniques for acquiring the very best of Tampa tenants is our relationships with corporate relocations departments and Insurance temporary housing departments.

How can I get a more in depth look at the accounting for my property?

Please visit www.TBRAIG.com and log in to your online owner account. Once logged in, please visit the reports section of our software. You can view and download several different reports from this page of our site. If you would like additional reports, please contact our office and we will generate the requested information.

When will I receive my rental income?

In an effort to provide our clients their income as early in the calendar month as possible, all distributions are sent out on the 10th of every month along with the appropriate accounting for each individual property. Accounting for properties can be accessed 24 hours a day through our online management software. Funds will be sent via USPS or by direct deposit.

What are the benefits of choosing TBRAIG Property Management as my management partner in Tampa, FL?

TBRAIG manages our entire portfolio as if each property is an investment that we are personally invested in. We constantly strive to better our practices and provide our clients with the best service and management experience possible. We provide our clients with the most responsive, pro-active management team that the Tampa Bay market can provide to investors along with 24 hour online account access.

What types of properties and what areas of the greater Tampa Bay area will TBRAIG manage?

TBRAIG portfolio currently consists of investments located anywhere in the greater Tampa Bay area. Along with our management of single family investments, we also manage local duplexes, four-plexes, and apartment complexes, townhomes, condos.

What is the difference between a real estate agent and a real estate broker?

Most states require real estate sales professionals to be licensed by the state, so that they can control education and experience requirements and have a central authority to resolve consumer problems.

The terminology used to identify real estate professionals varies a little from state to state. Brokers are generally required to have more education and experience than real estate salespersons or agents.

The person you normally deal with is a real estate agent or salesperson. The salesperson is licensed by the state, but must work for a broker. All listings are placed in the broker’s name, not the salesperson’s.

A broker can deal directly with home buyers and sellers, or can have a staff of salespersons or agents working for him or her.

Why should I use a real estate sales person?

A real estate salesperson is more than just a “sales person.” They act on your behalf as your agent, providing you with advice and guidance and doing a job – helping you buy or sell a home. While it is true they get paid for what they do, so do other professions that provide advice, guidance, and have a service to sell –such as Certified Public Accountants and Attorneys.

The Internet has opened up a world of information that wasn’t previously available to homebuyers and sellers. The data on listings available for sale is almost current – but not quite. There are times when you need the most current information about what has sold or is for sale, and the only way to get that is with an agent.

If you’re selling a home, you gain access to the most buyers by being listed in the Multiple Listing Service. Only a licensed real estate agent who is a member of your local MLS can get you listed there – which then gets you automatically listed on some of the major real estate web sites. If you’re buying or selling a home, the MLS is your agent’s best tool.

However, the role of an agent has changed in the last couple of years. In the past, agents were the only way home buyers and sellers could access information. Now agents are evolving. Because today’s home buyers and sellers are so much better informed than in the past, expertise and ability are becoming more important.

The real estate agent is becoming more of a “guide” than a “salesperson” — your personal representative in buying or selling a home.

I have a family friend who is a Realtor. I like her and she is a help but she gives me one price to sell my home for and I think it is too low. So I called another agent who suggested a price more in line with my expectations. Who do I choose?

You might want to consult a couple more Realtors on the market value of your home. Most of the estimates should be in the same ballpark.

It could be that your friend is being more honest with you about the value of your home and the other Realtor gave you a higher number because he already knew you expected it. This is called “Buying a Listing” and is the subject of an article on our web site.

Or it could simply be that your friend is a good friend, but not that great of a real estate agent.

Mixing business and friendships is always risky to the friendship. On the other hand, if your friend is truly competent and was providing wise advice, she may be offended if you ignore the advice and choose another agent.

I have to make a choice between an updated home in an older neighborhood or a newer home in a more modern neighborhood. The home in the older neighborhood has almost everything I want and is much larger, but which makes the most sense as an investment?

If your goal is to buy a home for it’s resale value and the one you are thinking of buying in the older neighborhood is at the upper end of values for that neighborhood, then it may not be the wisest choice. If it is similar or lower in price to the others, then there should be no problem, because pricing should be considered in relation to the local neighborhood and not compared to homes in other neighborhoods (for the most part).

Plus, is it a neighborhood on the decline, or are others going to be fixing things up, too, so that it is a neighborhood that is improving? It could turn out to be a very good deal as long as you don’t “overpay” because of the recent improvements.

Remember that you also buy a home for it’s value to you as a “home,” and that is something else you should consider. Which neighborhood would you AND your family feel most comfortable in?

When buying a new home, what upgrades should we go for? What holds the most value? Do we upgrade the lot? Pick more square footage in the house? Add an extra bedroom?, etc.

A lot depends on why you are buying the house. Are you buying it mostly as a home or mostly as an investment? There is a difference.

For the most part, upgrades are high-profit items for builders. They aren’t designed to enhance the value of the house, but make you happier with the house you do buy.

If you are looking at your home as an investment, then you buy from the smaller to medium size in the tract and spend only a minimal amount on upgrades. If you are looking at your purchase as a home, then you select upgrades that will enhance your quality of living.

One rule of thumb is to always upgrade the carpet and padding.

Have Another Question – Ask Us!

Do you have FAQ’s about real estate? Email us, or fill out our contact form. Let us know what you need. Tampa Bay Realty & Investment Group can update this FAQ section annually, to help provide usable information. Let us know what you’d like to find out in about buying and selling real estate. We can also answer questions about both long term and short term rentals, and renovation projects. No matter the question, one of our professionals will be happy to assist you. We have many years of combined experience in the real estate industry.

In addition, if you’d like to post an FAQ, please do so by filling out a contact form and we’ll add it.