Tampa is an excellent location for growing your investment property portfolio. It's a top retirement spot and vacation destination. It's also ideal for families.
When planning your portfolio, you can't underestimate the importance of property maintenance. Tampa is known for its sunny weather and storms. Thus, you need a reliable and professional maintenance solution that keeps your location in top shape.
One route to consider is the homeowner's association path. Association management ensures consistent HOA property maintenance.
Learn more in this investor's guide.
Inspections are the first step of the HOA maintenance process.
Units are inspected before new homeowners arrive. Rentals are also inspected upon moving out. HOA properties may also be inspected with proper notice.
Inspections ensure that rentals are free of the following issues:
- Pest infestations
- Plumbing problems
- Chipping paint
- Old HVAC systems
- Appliance repairs
- Air quality problems
Inspections may also uncover old insulation that needs replacing. They also determine if units require new flooring, roofing, and siding.
Inspections are necessary to ensure your HOA property is in full compliance. HOA communities have rules and regulations for upkeep to maintain the visual integrity of the community. You also need inspections to keep track of any property violations.
Working With Vendors
Association management services get straight to the point by hiring the best local repair services. HOA communities partner with local handymen who specialize in everything from HVAC replacements to electrical wiring.
Other services include:
- Pressure washing
- Carpet cleaning (and other house cleaning)
- Weatherproofing services (preventative services)
- Window replacements
- Mold testing (and air quality testing)
Having a reliable maintenance service on hand is a major selling point to prospective HOA homebuyers. Thus, you also need an HOA solution with emergency repair services for bathroom flooding, electrical issues, and other concerns.
User-Friendly Solutions For HOA Owners
Convenience is key when attracting homeowners and keeping rental vacancies filled. Look for an HOA association management service with online tools.
For example, Arrico Realty and Property Management has online maintenance request portals for homeowners. HOA board members also have portals for submitting requests, as well.
Like any other property, your HOA properties will also need periodic renovation. In these situations, you can talk to your association management team about project management services. A project manager will be assigned to your renovation, overseeing everything from site supervision to final walk-throughs.
How to Find an HOA Property Maintenance Service
Rather than using multiple services, look for a complete HOA solution. This way you can develop, buy, and maintain HOA properties through the same HUB.
Arrico Realty and Property Management offers full-service association management. Owners enjoy financial management, administration services, and property management. You can also buy properties and list HOA units for sale through an electronic listing service.
The above points also speak to the importance of keeping a well-maintained property for professional real estate photos.
Start Investing In Quality Maintenance
Excellent HOA property maintenance should be a priority for any investor. Keep this guide handy as you draft a plan for your portfolio. Think more about the importance of inspections, compliance, vendor partnerships, online tools, and renovations.
Arrico Realty and Property Management wants to be your number one HOA partner. Request a property analysis or contact us today to learn more.