What Color Should You Paint Your Rental Home?

A question we are often asked as one of the leading Arlington rental property management companies is, “What color should I paint my rental home?” A color that is trendy today will be outdated tomorrow. Some colors may seem great to you, but will your tenants like them? Is it a color that can be easily touched up or cleaned if something happens to the wall? Specialized wants you to feel confident with your color choice and we are here for you 24/7 should you have any questions about your rental.

Keep it Neutral

When choosing a color try to keep it neutral, not too dark or too light. You may love the look of a deep red “accent wall”, or a country blue kitchen, but it can turn away prospective tenants who don’t like those colors or styles. It is difficult for tenants to picture their stuff in the home if it is too personalized to your tastes when they first view it. Tan or off-white are great go-to colors to keep your home neutral yet inviting. Bright white may look nice and clean to you, but stark and clinical to your tenants. Look for tones that are warm and earthy to keep the space feeling welcoming.

Your property management, Arlington experts also suggest choosing a sheen that is durable and easy to clean for your tenants. This is especially true if the tenants have children or pets. You will need to repaint periodically, but picking the right sheen will help in between to keep the walls looking good.

How Arlington Rental Property Management Can Help

As the property management Arlington landlords turn to time and again for help with their properties we’ve learned a thing or two about what tenants are looking for. Making your home rent-ready is part of the equation to reducing vacancy days. From painting, to seasonal maintenance, to rent collection, Specialized does it all. Give us a call today to hear about all our services!

How to Preserve the Life of the Carpet in Your Rental

Repairing, replacing, and cleaning the carpet in your rental home can be a major expense if you aren’t proactive about how you install and care for it. Arlington property management company Specialized recommends taking these steps when choosing and caring for the carpet so you can make a good investment.

Arlington Property Managers Carpet Recommendations

When choosing a carpet for your rental home think about these points:

  1. Type: choose a type known for durability. The fibers and density should be your main considerations. Look for stain resistant, dense fibers to keep the carpet looking good even when tenants don’t care for it like they should.
  2. Color: it goes without saying that white carpet is a bad choice. Go for darker shades to hide dirt and stains.
  3. Stain treatment: some carpet suppliers offer additional stain treatments. These can be a good investment to prolong the life of your carpet.
  4. Installation basics: keep carpet away from the entryway, kitchen, and bathrooms as these areas attract the most dirt and moisture that can ruin carpets.

Regular Carpet Cleaning and Care

To make sure the carpet stays looking its best when you have tenants in your home, Arlington property managers recommend these cleaning basics.

  1. Vacuum regularly: it may be a wise investment to supply your tenant with a vacuum cleaner. At around $100, it is a low-cost investment in keeping your carpet clean on a regular basis.
  2. Pay for professional cleaning: a yearly deep clean of your carpet is a good idea. Schedule a yearly cleaning and remind tenants in advance of this regular maintenance task.
  3. Limit pets: consider limiting the type or number of pets you allow in your rental home. Pets can damage the carpets or cause them to have an odor. Alternatively, you can charge your tenant a “pet fee” to offset the cost of cleaning or replacing the carpets.

With a little bit of thinking ahead you can keep the carpets in your rental home looking nice. Your Arlington property management company, Specialized, is here to help you with any questions or concerns about the flooring in your home. Give us a call today to hear about all the services we offer!

How Property Managers In Fort Worth Reduce Costly Mistakes

As one of the top Fort Worth residential property management companies, Specialized helps homeowners reduce costly mistakes that befall many inexperienced landlords. We do this in part because we are familiar with the the most common property management mistakes. We want you to be aware of these mistakes that cost many new landlords time, money, and could end up being the end of their rental investment.

Mistakes to Avoid When Buying and Setting Up Your Property

  • Poor rental property selection – location, type, and age of the home are all factors in a good rental property.
  • Showing the home too early – potential tenants are put off by the weird sights and smells of an old tenant or a construction zone.
  • Long vacancies – the longer the home is vacant the more money you lose!
  • Lax tenant qualifications – credit and rental history are a MUST for every tenant you screen.

Mistakes to Avoid After Tenants Have Moved In

  • Unpleasant landlord/tenant interactions – unpleasant interactions lead to vacancies. Property managers in Fort Worth are a good go-between so that interactions never become tense between landlords and their tenants.
  • Not keeping up with needed maintenance – regular maintenance is a must for the health and happiness of your tenants and your property!
  • Inadequate rent collection – always be clear and communicative on rent collection processes with your tenants.
  • Regulatory violations – stay current on all regulatory matters to avoid risk.
  • Not keeping up with inspections – inspect and evaluate your property regularly. Setting a schedule for these inspections can be helpful.
  • Not being proactive with maintenance – spending less now may mean spending more later when you have to replace or do a major repair on your home. Property managers in Fort Worth recommend proactive maintenance.

General Mistakes Landlords Make

  • Poor cash flow – be realistic about your cash flow and remember to budget for maintenance issues.
  • Hiring unqualified management – slip ups, mistakes, and overlooked inspections can cost you much more than you are saving by going with a “discount” property management company.

Choose the Fort Worth residential property management company trusted by landlords for almost 30 years. Call Specialized today for more information about our services!

Fort Worth Property Managers Explain Why You Need Realistic Financial Expectations

Owning rental property is a smart investment, but is not for everyone. Unfortunately a lot of landlords get in the game without enough knowledge or capital to keep their new business venture afloat. Even worse, they’ve decided to try and save money by self managing instead of hiring an experienced property management company. Fort Worth landlords should be aware of the potential pitfalls and cash flow problems they may encounter before deciding to invest in real estate. The property management experts at Specialized can help you set realistic expectations so you’re not caught off guard when your rental property hits a bump.

Money Flowing In, Money Flowing Out

Being a landlord obviously isn’t as simple as cashing rent checks. Regular maintenance and planning for emergencies will set you back at least 10% of the monthly rent on your home, and sometimes that number is higher.  If you plan on “breaking even” after you pay fees, your mortgage, and whatever else is due each month you need to reconsider your financial situation. Money may be flowing in from rent checks, but make sure you factor how much will be flowing out so you don’t find yourself underwater. Your Fort Worth property managers can help you determine how much to set aside for maintenance, vacancies, and profit.

Professional Fort Worth Property Managers Will Save You Money

Self management may sound appealing, but most landlords don’t realize they end up losing money when they self manage. Unless you are a professional property manager with years of experience and nothing else vying for your time, it is easy to either let things fall through the cracks or simply be unaware of costly rental pitfalls. Code violations, longer vacancies, and poorly selected tenants are just a few of the common mistakes you can avoid by hiring a property management company. Fort Worth landlords have trusted Specialized for almost 30 years because we know how to make your rental property into a success. We can help you set realistic expectations, so give us a call today!

How To Reduce Maintenance Costs On Your Rental Home

Maintenance is a large budget item for every home, whether it is your personal residence or investment property. Many landlords think if they can cut down on the frequency of maintenance tasks, or put off regular maintenance, they can reduce their overhead costs. However, the experienced property managers Ft Worth landlords trust at Specialized are here to show you how that can be more costly in the long run.

Specialized Recommends Proactive Maintenance

With Specialized property managers, Ft. Worth landlords know their property is undergoing proactive maintenance to extend the life of their home’s systems and save them money. Failing to perform simple maintenance tasks such as changing AC filters will put strain on your home’s systems and you will need to repair or replace them more often. Specialized recommends creating a schedule of known and needed maintenance tasks so you can keep up with your home’s needs.

Proactive Maintenance Tips

To be proactive about your home’s maintenance needs use these tried and true tips:

  1. Set a budget: set aside at least 10% of the monthly rent to take care of maintenance issues. You may need more based on the age and condition of your home, your Fort Worth property management company can help you determine a good amount to set aside.
  2. Create a schedule and protocol: plan for known maintenance tasks, such as gutter cleaning, which will extend the life of your home. Create a protocol for when to repair or replace the systems and appliances you own.
  3. Respond to tenant requests: be respectful and respond promptly to tenant maintenance requests. This will signal to your tenants how much you care for the home, which in turn will spur them to take care of it too.
  4. Stay up to code: health and safety code violations can be costly, but code rules can also change frequently. Make sure you stay up to date on your knowledge of housing codes and inspect the home periodically to make sure it is not violating any codes.

Your Fort Worth property management team can help you keep your property looking good, and up to code, all while keeping your costs down. For more information, or to hear about all our services, call Specialized today.