If you've found yourself here, it's likely because you're considering renting out an investment property in Tampa. Renting out property can be a rewarding venture, but it also entails navigating a set of rules and regulations that can be overwhelming for both first-time landlords and experienced professionals. As laws and regulations evolve, it's crucial to stay informed and ensure compliance. In this post, we'll explore five essential things that all property owners should know to feel at ease and confident when renting their property in Tampa.
Here are the top five things you need to know before renting your property in Tampa:
Tampa Housing Code: Familiarize yourself with the local housing code, which outlines specific regulations related to property standards and maintenance. Ensure that your rental property meets the requirements regarding safety, sanitation, structural integrity, and other applicable standards.
Rental Registration and Licensing: Some cities within the Tampa Bay area, including Tampa itself, may require landlords to register their rental properties or obtain specific licenses. Check with the local government or the Hillsborough County Property Appraiser's Office to determine if any registration or licensing requirements apply to your property.
Certificate of Occupancy: Certain rental properties in Tampa may require a valid Certificate of Occupancy (CO). A CO is typically issued after an inspection is conducted to ensure that the property complies with building and safety codes. Contact the Tampa Building and Construction Services Department to determine if a CO is necessary for your property.
Rental Application Process: When screening potential tenants, be aware of Tampa's regulations related to rental applications. Ensure that you adhere to fair housing laws and conduct background checks, credit checks, and reference verifications in a consistent and non-discriminatory manner.
Tenant Rights and Landlord Obligations: Stay informed about the specific tenant rights and landlord obligations outlined by Tampa's local ordinances. This may include regulations related to security deposit limits, advance notice requirements for entry, procedures for handling maintenance requests, and more.
We hope this overview has made you feel more confident about your decision to rent your property in Tampa. These kinds of requirements change often, so it’s always best to check local ordinances to ensure you’re in compliance.
Here at Nomad, we’re experts when it comes to pricing your property, finding a well-vetted tenant, and guaranteeing your rent for the duration of the lease you sign with your tenant. If you’re interested in learning more about these services and why over 6,000 owners love working with us, get started by requesting your free Guaranteed Rental Estimate!