Do HOAs Help or Hurt Arlington Property Management?

When you’re in the market to buy a rental home, should you buy one in a neighborhood with a Homeowners Association, or HOA? Property management can be easier, or harder, depending on the HOA rules. Your Arlington property managers at Specialized Property Management can help you pinpoint the right neighborhood to buy a rental home, but while you’re looking around, keep these tips in mind.

HOAs: Why Arlington Property Managers Love Them!

There are some great things about HOAs! The quality of life in an HOA neighborhood is very desirable for some tenants because of the amenities and the general feel of the neighborhood. Your HOA fee typically goes toward keeping the neighborhood looking nice and paying for amenities such as a community pool. These quality-of-life upgrades can be attractive, especially for tenants looking for a single-family home in a nice neighborhood.

HOAs: Why Your Arlington Property Management Might Say Think Twice!

While many HOAs make life more pleasant for residents, they can also make things difficult for rental property owners. Oftentimes an HOA will have rules and bylaws that come with fines if broken. This means you will need to stay on top of things at your rental home and communicate these rules to your tenants, so they don’t unknowingly incur a fine. Go over all the HOA rules, and plan on talking to current residents to find out their experience with the HOA to learn more.

Talk to Your Arlington Property Management for Help

With almost 30 years in the rental property business, Specialized Property Management has worked with many HOAs in and around Arlington. Property managers on our team can help you find out more about the HOA rules of a rental house you are considering. If you are starting out in the rental property business, or already have multiple homes, call Specialized to hear about all our Arlington property management services!

Fort Worth Rental Property Management: How to Pick Flooring

Picking new flooring for your rental home isn’t easy. You need something durable and easy to clean, but with a price point that won’t break your budget. And don’t forget it has to look great so tenants will be more likely to rent your home! Here are some tips from the rental property management Fort Worth trusts for picking new rental home flooring.

Flooring Options

    • Carpet – Carpet is inexpensive; however, you will find yourself replacing carpet more often than other flooring options. In addition, you will need to make sure it is regularly, professionally cleaned. Carpet is a good option for places like bedrooms, but avoid high traffic areas if possible.
    • Tile – Tile is a popular choice and recommended by many individuals in rental property management. Fort Worth landlords like tile because it is low maintenance and durable. Re-grouting and sealing are needed periodically, and if a tile breaks you will need to replace it. Otherwise, tile can last a very long time!
    • Vinyl – Vinyl is one of the least expensive flooring materials. It is easy to install and maintain, as well as being durable, which your Fort Worth rental property management knows is important. However, some tenants are turned off by the look of vinyl flooring. If the floor is damaged, you will need to replace the whole surface instead of just a portion (like tile).
    • Wood – Wood flooring is beautiful and a desirable upgrade for most tenants. However, it can expand and contract with the seasons, so professional installation is a must. Refinishing the floor will need to be done periodically, and it is not the most durable choice. It tends to be expensive and harder to maintain, but if it increases your home’s value significantly it can be a good choice!

For Rental Property Management Fort Worth Landlords Trust, Call Specialized!

The Fort Worth rental property management experts at Specialized Property Management can help you decide what flooring is right for your rental home, and your budget. We have the experienced professionals and proven processes it takes to get you a better return on your investment. Give Specialized a call today to learn more about all our services!

Fort Worth Property Managers Answer When to Sell vs Rent

When you need to move out of your home, should you sell it or rent it out? Keeping your home as a rental investment can be a great long-term investment plan, but you shouldn’t do it without knowing what you’re getting into. With help from a good property management company, Fort Worth landlords can decide if they want to sell or rent.

Fort Worth Property Managers Say Rent for These Reasons

    1. Equity: if you do not have much equity in your home it might be a good idea to rent it out while you build that equity. This is especially true if home values in your neighborhood are rising.
    2. Rent values: often the rent money you bring in will more than cover your mortgage and other rental-related costs! Look around the neighborhood at what comparable properties are renting out for.
    3. Investment diversity: Your investment portfolio should be diverse, and owning a rental property is one way to diversify. Rental property can be an excellent long-term investment.

Tips From Your Property Management Company, Fort Worth Experts

Even though owning rental property is a great investment, you shouldn’t jump in thinking it will be easy. Being a landlord takes a lot of work, knowledge, and capital. Take these tips from Specialized Property Management into consideration:

    1. Know your local, state, and federal housing laws. Even some HOAs have rules about renting out your home. Make sure you know if any of these rules will hinder your ability to rent out your home.
    2. Make sure you have enough cash. Vacancy days and maintenance are the biggest costs to landlords. Make sure you have enough cash reserved to cover the time it might take to get a tenant in your home. Set aside money each month to cover periodic maintenance issues.
    3. Hire the best Fort Worth property managers. A good property management team will help you make a better return on your investment.

Specialized is the property management company Fort Worth landlords have trusted for almost 30 years because we know the ins and outs of property management. When you are trying to decide if you want to sell or rent out your home, let us help you. To hear more about our services call our office today!

Fort Worth Property Management is Easy With Family and Friends

A growing trend in the real estate market is buying property with family and friends other than your romantic partner. Home prices in some areas make owning property on your own difficult, but with a trusted friend or family member, it is attainable.  Instead of spending your entire savings on the down payment for a small condo, you could afford a single family home which you can then rent out for a profit. Pooling resources with your sister, nephew, or coworker is a great way to start in the rental home market. Specialized Property Management, the property managers Ft Worth landlords trust, can help you decide what is right for you.

Making Good Fort Worth Property Management Decisions

Owning rental property is a long-term business investment. When buying a rental property with friends or family members make sure you keep this in mind. All decisions regarding your rental property should be treated in the same way you would treat any other business decision. Costs and workload should be split fairly and upfront. For example, who will your tenant call in the middle of the night for an emergency? Good Fort Worth property management decisions will ensure your partnership will be fruitful and last throughout the years.

Get Better Returns With the Property Managers Ft Worth Trusts

The best thing you can do for your rental property partnership is hire experienced, professional property managers. Ft Worth landlords have trusted Specialized Property Management for almost 30 years because we know how to make the most out of your investment. When you hire the property managers at Specialized, you know your property will be run like a business, and you no longer need to worry about screening tenants, seasonal maintenance, or those middle of the night emergency calls. Call Specialized today to hear about all our services!

Property Management: Fort Worth and Dallas are the Best Places to Buy Rental Property

In an analysis of 30 rental markets, Business Insider ranked Dallas as the #1 place to buy a rental property. The Dallas Fort Worth area has become a booming economic center with large businesses, such as Toyota, moving to the area in the near future. With high paying jobs and cultural amenities like museums and theaters, you can be sure Dallas Fort Worth will attract many families who want to rent single-family homes.

Protect Your Investment With Property Management Fort Worth

For investors wanting to buy property in the Dallas Fort Worth area, there has never been a better time. Mortgages are still reasonable, with the median-investment home costing $199,300, and rents around $1,630. Dallas Fort Worth is a great place to purchase an investment home and make a big return, and with professional, experienced property management, Fort Worth landlords can make even more.

With Expert Property Managers, Fort Worth Landlords Win

Owning rental property is all about keeping your costs down. Cash flow is everything, but cutting corners can have consequences. Even though Dallas Fort Worth is a great rental market, landlords can lose big if their property is not run properly. Too often, landlords think owning property in a booming area will be an automatic win. Rental property is a long-term investment, and if it is not managed well, your investment could go south. With experienced property managers, Fort Worth landlords can keep costs down by performing proactive maintenance, placing qualified tenants, and avoiding costly mistakes.

For Property Managers Fort Worth Landlords Trust, Call Specialized

If you own rental property in the Fort Worth area, call Specialized Property Management. We have been in the business for almost 30 years helping landlords make the best return on their investment. Our property management team has the experience and professionalism you need to make the most out of this booming rental market. Real estate is a long-term investment, and with Specialized you can be sure your investment is stable for years to come. Call Specialized today to learn more about all our services.