If you're on this page, it's likely because you're considering renting out your investment property in Tampa. Renting out property can be a rewarding business, but it also requires adhering to a set of rules and regulations that can be overwhelming for novice landlords and seasoned professionals alike. Laws and regulations are evolving, so it's important to stay informed and in compliance. In this article, we'll cover five important things every property owner should know so you can feel safe and confident when renting out your property in Tampa.
Here are five important things to know before renting a property in Tampa.
Tampa Housing Code: Become familiar with your local housing code, which sets out specific regulations regarding property standards and maintenance. Make sure your rental property meets requirements for safety, sanitation, structural integrity, and other applicable codes.
Rental Property Registration and Licensing: Some cities in the Tampa Bay area (including Tampa) may require landlords to register their rental properties or obtain certain licenses. Check with your local government or the Hillsborough County Property Appraiser's Office to see 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 the property complies with building and safety codes. Contact the Tampa Building and Construction Services Department to determine if your property requires a CO.
Rental Application Process: When screening potential tenants, be aware of Tampa regulations regarding rental applications. Comply with fair housing laws and ensure that background checks, credit checks, and reference inquiries are conducted consistently and in a non-discriminatory manner.
Tenant Rights and Landlord Obligations: Stay informed of specific tenant rights and landlord obligations as outlined in Tampa's local codes, which may include regulations regarding security deposit limits, advance notice requirements for occupancy, procedures for handling maintenance requests, and more.
We hope this overview has given you more confidence in your decision to rent a property in Tampa. These requirements change frequently, so we recommend always checking your local ordinances to ensure you are in compliance.
At Nomad, we're experts when it comes to pricing your property, finding vetted tenants, and guaranteeing rent for the life of the lease you sign with your tenant. If you'd like to learn more about these services and why over 6,000 owners prefer to do business with us, get started by requesting a free guaranteed rent quote.