Searching for a single-family rental home in Tampa, Florida is an exciting journey. But, we all know that finding the perfect home can be quite challenging. While some renters prioritize price, and others value amenities, you can find everything you’re looking for in Tampa, Florida. Whether it’s your first time living in a rental home, or you’re a seasoned renter, everyone can use a few tips for what to know when searching for a single-family rental home in Tampa, Florida.
As a professional property manager in Tampa, I know the ins and outs of the rental market, Tampa Bay area, and what to look for in a rental property! Today I’m here to provide you with the best tips to keep in mind when searching for your ideal rental home.
What are Your Priorities?
The first thing to consider when searching for your Tampa rental home is what your main priorities are. Like I mentioned before, not everyone is going to have the same criteria for what makes a home “perfect”. There are so many factors to consider when choosing a home, but many people have a few in mind that weigh heavily on their decision.
Your priorities will play a significant role in your home selection— here are some priorities to consider:
- Location
- Price
- Property Condition
- Lease term
- Safety and security
- Proximity to city, schools, shops
- Layout
- Amenities
- Parking
Narrowing down your specific priorities will allow you to refine your search and identify locations and properties that are best suited for you.
Research Location and Neighborhoods
While location may not be your top priority for a Tampa rental home, the location can have a major impact on various aspects of your home. In Tampa, the ranges of location and neighborhoods are quite extensive, varying from urban to suburban to bayside and riverfront.
In the Tampa Bay Area, the neighborhood you choose will have a significant impact on aspects such as price, proximity to the city, beach, or shops, amenities, parking accessibility, and safety. For example, here are some of our location suggestions based on a few different factors.
Convenience and Price: Seminole Heights
Seminole Heights is a vibrant suburban neighborhood that has been growing in popularity. It is known for its rich history, 20th century homes, and proximity to Downtown Tampa. The area has many eclectic shops and cafes, specialty restaurants, and a vibrant art scene. Located right outside of Downtown Tampa, Seminole Heights residents enjoy the suburban environment in addition to easy access to the city’s offerings and I-275.
The average rent in Seminole Heights for all property types is $1,927.
Suburban and Short Commute: Brandon, Florida
Brandon, Florida is one of the most popular up-and-coming Tampa Bay neighborhoods because of its. Brandon is a residential neighborhood located just 20 minutes east of Downtown Tampa, making it an attractive location for those who work, attend school in, or frequent the city. Its suburban lifestyle, convenient location, and offerings make Brandon a popular destination for single-family renters. In addition, its close proximity to MacDill Air-force Base makes for a perfect spot for military members looking to live off base in a residential neighborhood.
The average rent in Brandon, Florida for all property types is $2,005.
Coastal and culture: St. Petersburg
St. Petersburg is a hub for culture, art, diversity, and true Florida living. Since the COVID-19 pandemic, St. Petersburg’s population has grown exponentially, with most residents seeking rental properties. Boasting a variety of neighborhoods, St. Petersburg has something for everyone, whether it’s art lovers, retirees, or young professionals.
The average rent for all property types in St. Petersburg, Florida is $2,200.
Prepare Paperwork and Finances
It is essential to note that most Tampa single-family rental properties require paperwork, fees, and proof of finances. To secure your single-family home smoothly, I highly recommend preparing any necessary documentation and set aside funds prior to starting your rental home search.
Housing Application For Your Tampa Rental Property
The first document will be the application. This application typically comes with a fee between $30-$100 depending on the landlord or property manager’s preferences. To screen tenants and ensure reliability, housing applications collect personal information such as contact information, proof of income, employment verification, and past rental history. While you are not guaranteed to be selected for the home, it is important to note that most application fees are non-refundable. In the event that you apply for multiple properties, it is essential that you set aside funds to do so.
Tampa Rental Property Lease Agreement
Prior to moving into your single-family rental property, your landlord or property manager will provide you with a lease agreement. The lease agreement is the legal document that outlines the terms and conditions of your rental agreement, and must be signed by both parties. A standard lease agreement typically includes:
- Party identification
- Property description
- Lease duration
- Rent payment terms
- Security deposit terms
- Rules and regulations
- Maintenance and repair process
- Grounds for termination of the lease
- Landlord’s right to entry
- Florida landlord disclosure
Signing a lease agreement is an essential part of renting a property — without a lease agreement, there is no documentation holding either party legally responsible for upholding the terms of the lease, or liable for violations.
Renters Insurance
Most landlords and Tampa property managers require tenants to purchase renters insurance. Renters insurance provides renters with financial protection, coverage for damaged or stolen personal property, legal liability, and additional expenses.
While some renters underestimate the importance of it, renters insurance is an essential aspect of renting a home as it provides significant financial protection in the event of damage or loss by a covered peril. Although you hope not to face such a situation, renters insurance can cover loss and damage in the event of a fire, lightning, water damage, theft, and fallen objects. Contrary to popular belief, renters insurance is not as expensive as it seems; the typical cost of renters insurance in Florida is $152 per year.
Work With a Local Tampa Property Manager
While some landlords and rental property owners lease their homes on their own, renting your single-family rental from a Tampa property management company provides many benefits to those looking for a safe and comfortable living experience.
Why is Renting From a Property Management Company Beneficial?
Renting from a property manager means you have a team of people dedicated to the success of your rental experience. Unlike a self-managing landlord, Tampa property management companies have in-depth knowledge and a systematic approach to managing their properties.
At The Listing Real Estate Management, we provide our tenants with top of the line management, ensuring safety, security, and satisfaction. Our management processes are efficient and effective, allowing us to safeguard each property and promote happy living environments. Our tenant management processes include:
- Online Resident Center
- Fitness On Demand
- Utility Connection Concierge
- Build Positive Credit
- HVAC/AC Filter Delivery
- Renters Insurance Accessibility
- After-Hours Live Support
- Pay Rent Online 24/7
- Digital Move In & Move Out Inspections
- Late Fee Forgiveness
- Free Home Buying Assistance
- Streamlined maintenance and repair processes
- 24/7 online tenant portal
- Stress free rental experience
We’re here to guide you through a successful rental experience in Tampa Bay! As experienced Tampa property managers, we truly care about our tenants and want to provide a satisfactory rental environment. We would love to work with you! CLICK HERE to view our available single-family rental properties in the Tampa Bay area, or contact us today to learn more!
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