When Landlords Charge Fees in Texas

Arlington rental property management

When you are a tenant leasing a home, you have more than just the rent to consider paying. Tenants will have a better leasing experience when they work with an rental property management company that has clear policies and business integrity. Rental property homeowners can also rely on help from a professional property management to collect rent and fees. Rental success depends on transparent and ethical communication between tenant and management. Let’s discuss what fees landlords can legally charge their tenants.

Security Deposits

Security deposits are collected as insurance for any repairs that need to be taken care of when a tenant leaves a unit. Texas does not have any specific amount limit that a landlord needs to follow regarding security deposits. Owners are required to keep a written record of damages and repairs and the amount of the security deposit that were used to make repairs. Security deposits are required by law to be returned to the tenant within 30 days of vacating the property.

Pet Fees, Deposits,  or Pet Rent

Landlords are finding that allowing pets is an opportunity for a larger applicant pool to choose a tenant from and a way to increase revenue above the basic rent. Some rental property management companies are choosing to charge a monthly rent in addition to the current rent for any pet that is in the home. Other landlords may charge a refundable pet deposit or a nonrefundable fee to cover any future property damage caused by the animal. Whichever you choose to charge your tenant for having a pet, landlords need to remember never to charge fees for service animals as they are not classified as pets.

Other Fees from Property Management

Landlords can charge late fees and returned check fees if rent is not paid in full on time. Sadly, some tenant/ landlord relationships wind up in court and then a landlord is allowed to attempt to recover attorney and court fees from the tenant. All charges and fees should be clearly written in the lease and explained at the time of lease signing. When residents and management have different expectations and understanding of money policies, occupants and owner can become involved in costly lease disputes. Conflicts can be avoided with the help of a professional property management company with experience with collecting and knowing the appropriate fees charge.

The property management company that has the experience to help rental property owners with rent collecting and other fees involved with their rental is Specialized. Owners have peace of mind when the finances of their property are handled professionally and with integrity. Tenants feel more secure with their leasing policies when they have transparent communication and an understanding of collecting and fee policies. Learn more about the leading property management at www.specializedrpm.com

You Should Hear What our Clients are Saying about our Arlington Property Managers

Arlington property managers

Specialized has offered rental property services for over thirty years in the Arlington area. We are proud of what our thousands of happy clients have said about our company and our services. With local expertise, business integrity, and unsurpassed quality services our Arlington property managers are who investors and tenants trust for superior property management.

Arlington Property Managers Make a Difference

A property manager takes care of tenants, property, and owners. When you look at that combination of responsibility, you can see that the care of people is the greater portion of work. Specialized offers tenants and owners access to a 24/7 live-person hotline for help with any property emergency. Our managers are highly trained to handle the variety of situations that come with managing rental property. We also call Arlington home, so our local expertise and close proximity to your rental property mean we can better serve those needs that come up. Here is what some of our clients have to say about their experience with our Arlington property managers:

“Mike in the service department has been very timely in responding to phone calls and email.”

—Shane Z.

“I’ve had several property managers in Dallas, and interviewed scores more. Specialized is simply the best around. Love you guys.”

—Jeremy H.

We Specialize in Your Peace of Mind

Keeping a rental unit maintained and in good repair is an ongoing concern for owners. Tenants also want repairs to be taken care of in as fast a time as possible. Specialized has the proven process that keeps your rental units up to code and well maintained. With seasonal and regular inspections, proactive maintenance, professional remodeling resources, and prompt response to tenant needs, your rental property is carefully taken care of for your peace of mind.

“Ty is a great guy who knows maintenance and is very attentive to the needs of the residents. Prompt service and great customer skills equal a successful company who takes care of its client.”

— Jeremy P.

Our list of services is comprehensive and can help owners with managing a single rental home, several properties in their portfolio, HOA properties, and multiplex rentals. Our clients benefit from our local expertise and professional services that keep their properties maintained and tenants happy. Our company isn’t diversified to the point that we can’t take care of our main objective. We manage residential rental property, and we do that better than any other Arlington property management company. If you don’t believe what we say, just listen to our clients. Learn more about our incredible services at www.specializedrpm.com

Insurance Property Managers in Fort Worth Can’t Live Without

property managers in Fort Worth

Owning rental property means you are daily working with people and their things along with maintaining your property. You want to protect your property from damage while you also protect yourself from liability. Our responsible Fort Worth residential property management at Specialized includes having adequate insurance coverage for your rental investment.  Specialized has the professionalism and ability to offer an insurance plan to investors with an InvestPro Residential policy that has high-coverage at a low-rate even if you have just one rental.

What does the Policy Offer?

    • Overage— not usually covered under other policies
    • Broad Forms— provides wider protection
    • Replacement Cost— better than the usual “depreciated cost”
    • Ordinance and Law— includes $50K with increased limits possible
    • Sewer and Drains— includes $25K for plumbing backups in all locations with higher limits possible
    • Additional Coverage— including flood and earthquake policies
    • Reliable Support— 24/7 customer service hotline for claims
    • Simple Billing— all policies are included in your monthly management service fee

Our policies are written for each individual client to meet specific coverage needs. You don’t need to waste time shopping around for a pre-determined policy that might only fit some of your needs and still cost more than you wanted to pay. We are excited to offer our clients the convenience of a customized insurance policy from InvestPro Residential that can be consolidated for all of your properties. The Fort Worth property managers at Specialized can help you determine what your coverage needs are and find the policy that fits.

What does the Policy Cover?

With InvestPro Residential, owners get replacement coverage not just coverage with depreciation deductions. A master policy also provides coverage on:

Property Damage

    • Wind, hail, tornadoes
    • Sprinkle water damage
    • Theft and vandalism
    • Lightning caused fire damage
    • Even volcanoes

Liability

    • Assault and battery
    • Pollution, exhaust, carbon monoxide leak
    • Hostile fire/arson

Insurance from Your Fort Worth Residential Property Management

Rental owners can see that the clear choice for property managers in Fort Worth that can offer a comprehensive list of services, insurance, and business integrity is Specialized. Learn more about your management options at www.specializedrpm.com
Specialized Specialized Property Management is not an insurer or an insurance agent and does not engage in the business of insurance.  InvestPro Residential refers to a master liability and property insurance program issued by one or more top-rated insurance carriers under which clients of Specialized Specialized Property Management can be included as insureds.   The InvestPro Residential master policy is brokered by Swingle Collins & Associates, an independent, licensed Texas insurance agency.  Swingle Collins & Associates is the point of contact for all questions concerning the InvestPro Residential master policy.

The descriptions of the InvestPro Residential coverage are brief summaries only and are subject to the provisions, limitations, and exclusions contained in the actual policy and related endorsements. The information on this website is provided for general informational purposes only and does not include all the terms, coverage, exclusions, limitations or conditions that may be contained in the actual insurance policy. The InvestPro Residential policy itself must be read for those details. A sample policy form can be made available upon request to Swingle Collins & Associates.