Owner FAQ · Tampa, Florida
Tampa property management questions
Versaggi Management answers thirteen Tampa owner questions on cost, repairs and Florida rules. Russ Versaggi has been in real estate since 1986.
What does it cost, and who do you deal with?
Versaggi Management is a Tampa company led by Russ Versaggi, who has been active in real estate since 1986. Our agreement has a 30-day contract termination clause with no fee to end it, most repairs are done by our own skilled staff, and direct deposit of your net income costs nothing extra.
What does Versaggi Management charge to manage a rental?
Full service management starts at 10% of the collected rental income, and the percentage is reduced depending on the number of rentals you have with us.
Our leasing fee is $300 per new lease, a commission that pays the agents who find the tenant, a renewal lease is $150, which pays our agent to prepare the new lease, onboarding is a one-time $100 for new clients, and repairs are cost plus 20%. There is no fee for ending the agreement, and direct deposit of your net income costs nothing extra. Nothing is charged to you while a home is vacant. There is no minimum monthly fee, and our 10% applies only to the rent we collect. The management agreement lists every fee, and our fees page explains each fee type.
Do you charge extra to deposit my rent into my bank account?
No. Direct deposit of your net income each month costs nothing extra.
Each month's statement shows all income and expenses for the month, itemized per property: rent, security deposit if applicable, utilities if any, repairs if any, leasing fee if any and the monthly management fee. We send it by email or by US mail, and most owners prefer email. Tenants pay rent online by ACH through a secure portal, and each month we send you the net income, and we pay only the expenses you ask us to pay.
Is it worth hiring a property manager for one rental house?
It can be, when your time, your distance from the house or your comfort with rental paperwork is the limit.
A manager handles marketing, screening, rent collection, repairs and reporting, so the real question is how much of that you want to keep. You can choose limited service, where we find and place the tenant for a fee of one month's rent and you manage the rental yourself, or full service to be totally hands-off. Versaggi Management manages from one rental dwelling. If you are unsure, ask for the free rental analysis and compare what each level covers before you decide.
Who runs Versaggi Management, and who will I deal with?
Russ Versaggi leads Versaggi Management in Tampa, and you reach the office at 813-254-5338.
Russ is president of Versaggi Companies and a Florida licensed real estate broker. Shelby Markart is our property manager and a licensed Realtor. Tracy Powell, our construction manager, oversees repairs, and architect Leigh Wilson-Versaggi has more than 20 years in historic preservation. The About page introduces the team and what each person does for owners.
Can I leave if the arrangement is not working out?
Yes. Our agreement has a 30-day contract termination clause.
There is no fee for ending the management agreement. Before you sign with any manager, ask for the termination terms in writing, including how much notice is required and whether any fee applies. You can ask us for our Property Management Agreement form to read before you decide, so you can see the clause for yourself. Owners who are unhappy with a current manager can request a proposal while their present agreement is still running.
How tenants are found and the house is fixed
How do you find and screen tenants?
We advertise the home widely and verify employment, income and credit history, with a criminal history check, before a lease is signed.
Homes are marketed on the Versaggi Properties website, which is updated daily with available homes, and on the MLS, Zillow, Trulia, HotPads, Rent.com, Craigslist and other portals, with yard signs on the property. Leases come from our leasing department and are time-tested. Tenants then pay rent online by ACH through a secure portal.
My rental has been vacant for two months. How fast can you fill it?
We cannot promise a number of days, because speed depends on the home, the rent and the market.
What we can show you is where the home will be advertised: the Versaggi Properties website, the MLS, the major rental portals and a yard sign. If a home is not renting at the price asked, our architects advise on properties that do not command top rents, and the monthly report shows what has been spent. Send the address and Russ will say how we would approach it.
Can you manage a house I inherited?
Yes. Inherited homes that need a first lease fit our single-family management.
Send the address and tell us whether the house is empty, and Russ will say how we would take it on. Marketing, screening, leasing, rent collection and monthly statements follow the same steps as for any single-family rental. If the house needs work before it rents, our construction staff and architect can advise on a property before it goes to market.
Who does the repairs on my rental?
Mostly Versaggi's own skilled staff, around the clock.
Tracy Powell, a licensed building contractor who has been with Versaggi for 25 years, oversees repairs and maintenance requests, including electrical, HVAC and plumbing. Repair bills are paid and itemized in your monthly report, so you see what was done at your property and what it cost. Versaggi's own workers do most home repairs, which avoids the higher cost of outside vendors. Versaggi Companies also handles rehab and development when a house needs more than a repair.
Who approves repair spending, and is there a markup?
You set the amount above which we notify you first, and repairs are billed at cost plus 20%.
Some managers ask the owner to approve any repair above a set amount, and some add a charge to repair invoices. Ask any manager for the approval limit and for any markup by name. Our fees page explains how maintenance charges are set out, and every repair bill appears in your itemized monthly report.
What Florida and federal rules say
Do Tampa property managers have to be licensed in Florida?
Generally yes, because Florida treats renting property for others, for pay, as real estate brokerage.
Section 475.01(1)(a) of the Florida Statutes defines a broker as a person who, for another and for compensation, rents or offers to rent real property or takes part in finding tenants for it. Section 475.42(1)(a) says a person may not operate as a broker or sales associate without an active license, and section 475.011 lists exemptions. Ask any manager for its broker's license number and check it with the Florida Department of Business and Professional Regulation. Russ Versaggi is a Florida licensed real estate broker, license BK696848.
Who holds the security deposit, and what does Florida law say?
The landlord or the landlord's agent must hold it in a separate account in a Florida financial institution, or post a surety bond.
Section 83.49 of the Florida Statutes says the money may not be mixed with the landlord's own funds until it is due to the landlord. When the rental agreement ends, the landlord must return the deposit within 15 days, or give written notice of a claim against it within 30 days. Versaggi holds tenant deposits in a separate escrow account at a local bank. This is general information, and a Florida attorney can advise on your case.
Do I have to give tenants lead paint information for an older house?
Yes, if the home was built before 1978.
The U.S. Environmental Protection Agency says a landlord renting housing built before 1978 must disclose any known lead-based paint information, give the tenant the pamphlet Protect Your Family From Lead In Your Home and add a lead warning statement to the lease. Signed copies of the disclosure are kept for three years after the lease begins. The rule does not require a paint inspection. Leases at Versaggi come from our leasing department, so ask who prepares the paperwork.
Sources: Florida Statutes sections 475.01, 475.42 and 83.49, 2026 edition. U.S. EPA, Real Estate Disclosure. General information, not legal advice: talk to a Florida attorney about your case.
Last reviewed . Responsible broker: Russ Versaggi. License BK696848.
Still have a question? Ask Russ
Send the address and a way to reach you on the request page, and Russ will answer for your property.
Our agreement has a 30-day termination clause.
“I am a very busy person and I was able to depend on them. They are very professional and knowledgeable.”