What Does Ft. Worth Property Management Do?

If you’re new to the investment property business, you should consider hiring full-service property management. Ft. Worth landlords who hire property managers tend to get a better return on their investment than those who self-manage. But what exactly does a property management company bring to the table? A full-service company, like Specialized Fort Worth, takes care of everything in the rental cycle while lowering costs and minimizing risks. Let’s take a look at what that means for you.

The Rental Cycle

What is the rental cycle? The rental cycle is everything that happens from your tenants moving in until the end of their lease, then starts over again. A full-service Ft. Worth property management company will take care of everything during the cycle. Moving tenants in and out, inspections, marketing, showing, screening, lease signing, collections, compliance, maintenance, and renewals all fall under this umbrella. Don’t waste your money on a company that does not offer all of these services.

How Can Ft. Worth Property Management Save You Money?

Many first time landlords are unaware of the complexities that come with property management. Instead of riding the steep and expensive learning curve of property management, Ft. Worth landlords should hire knowledgeable and experienced property managers. Years of experience mean a property manager knows how to handle emergencies, avoid costly regulatory fines, steer clear of evictions, and run your property efficiently. Cutting costs without cutting corners will mean your property is more desirable to potential tenants while getting you the best return on your investment.

Property Management Ft. Worth Landlords Trust

Do your research before hiring a full-service property management company. Hire a company that has experience and processes in place to make your investment a success. Make sure you ask what services the company offers, and what you will need to take care of as the property owner. Don’t fall for the promises of a discount company who will often leave you with the bulk of the work, and vulnerable to costly mistakes. To learn more about hiring professional property managers, or to set up a free consultation, call Specialized Property Management today!

Low-Maintenance Carpet Options in Arlington Rental Property Management

The carpet in your rental home needs to be replaced every ten years, or more often if it is not cared for properly. One way to make sure you don’t have to replace the carpet sooner is by choosing a low maintenance, durable carpet. A good Arlington property management company, like Specialized Property Management, can help you update the flooring in your home and make it more desirable for potential tenants.

Carpet Fibers

Carpet fibers are the materials used to make the carpet. They will determine how soft and durable the carpet is, as well as how expensive it is. A durable and inexpensive carpet fiber is the best choice for your Arlington rental property management.

    • Nylon is the most common type of fiber. It is durable, easy to clean, and inexpensive.
    • Polyester is typically less expensive and feels soft. However, it tends to be less durable, and Arlington rental property management companies do not recommend it because of this.
    • Wool is a natural fiber that provides a rich and luxurious carpet. It is soft and durable, but it is usually more expensive. The expense makes it not a good fit for rental homes.
    • Olefin is a strong synthetic fiber often used to make outdoor rugs. It is durable but can be difficult to clean when it gets stained.

Carpet Styles

Loop Pile Carpet – Loop pile is just what it sounds like, the pile fibers of the carpet are twisted into loops. These loops can be tight or loose. Tighter loops will be more durable in high traffic areas; they stand up well to stains and pressure from furniture.

Cut Pile Carpet – Cut pile is made by cutting the twisted loops of the fibers. Cut pile carpet can be a good choice for bedrooms because it is softer than loop pile carpets, but it does not do well against stains and wear. Unless your tenant desires cut pile, it may not be worth the extra maintenance that comes with cut pile carpet.

A Quality Arlington Property Management Company Makes it Easy

If you’re looking for an easier way to do property management, call Specialized Property Management Fort Worth. As a full-service Arlington property management company we take care of your property from carpet to ceiling. For a free rental consultation call today!

5 Low-Cost Amenities for Happier Tenants in Arlington Property Management

Are you wondering how to make your rental property stand out from others in the neighborhood? For two properties in the same neighborhood that have similar square footage and number of bedrooms, why should a tenant choose your property? Try to put yourself in your tenant’s shoes and think about some amenities that would make a difference.

5 Low-Cost Amenities to Make Your Home Stand Out

  • Pet Policies: Many landlords assume pets are bad for property management. Arlington, TX, pet owners are usually willing to pay an extra pet deposit, and you may be able to charge higher rent than your no pet competitors.
  • Washer and Dryer: Most single-family homes in the Fort Worth area have hook-ups for a washer and dryer. Investing a few hundred dollars in a set will make for a desirable upgrade.
  • Off-Street Parking: Most tenants will not want to park their car on the street all the time. If your rental property doesn’t already have off-street parking, consider laying gravel or pouring a driveway.
  • Online Portal: Your tenants can save time and reduce hassle if they can pay rent and submit maintenance tickets from the comfort of their home. A good Arlington property management company like Specialized Property Management has this option for all properties they manage.
  • Updated Fixtures: Take a look around your home. Are all the fixtures up to date? Changing light fixtures or faucets can make a huge difference in the way a home feels, without having to spend a lot of money renovating.

Property Management Arlington TX Is Easy With Happy Tenants

The easiest way to reduce turnover, vacancies, and evictions is to make sure your tenants are happy. Keep your property well maintained and up to code, and you’re off to a good start. Giving your tenants desirable amenities means they are more likely to stay when the lease ends. You can make things even easier for yourself, and your tenants, when you hire experienced professional Arlington property management. Specialized Property Management has the years of expertise you need to keep costs down and tenants happy. For a free consultation call Specialized Property management today!

Positive Cash Flow and Fort Worth Rental Property Management

How can you stay afloat as a landlord when a big expense comes your way? If the AC goes out at your property, it could cost $5,000 to replace. If a tenant stops paying their rent, you will lose several months worth of rental income, plus the legal fees it takes to evict them. No one knows when an emergency will happen, but if you are prepared and have positive cash flow on your rental property, you can make it through any emergency that comes your way.

What is Positive Cash Flow?

Cash flow is simply what you bring in on your rental income minus any costs your property incurs. If your tenant pays $2000 each month in rent and you take out $1500 to pay your mortgage, taxes, maintenance, and any other associated costs, your positive cash flow is $500. When you have positive cash flow you are not only making a larger income; you can be better prepared for emergencies. Your Fort Worth rental property management team can help you figure out the exact numbers for your situation.

How Can You Increase Your Cash Flow?

There are a few key ways you can increase your cash flow.

    1. Tenant qualifications: highly qualified tenants are more likely to keep up with rent payments and take care of the home.
    2. Market rent rates: are you charging enough for rent? Look around your neighborhood to compare what other rentals cost and see if your rental is priced correctly.
    3. Proactive maintenance: large ticket maintenance items like new roofs or appliances will hurt your cash flow. Putting the time and effort into regularly maintaining these items will extend their lives and cost you much less in the long run.

How Fort Worth Rental Property Management Can Help Cash Flow

Many landlords think self-managing will save them money and increase their monthly cash flow. What they don’t take into account is are the complexities that come with property management. Specialized Property Management Fort Worth will help your cash flow by reducing vacancy days, setting the right rental price, scheduling maintenance and inspections, and avoiding costly regulatory fines. To learn more call Specialized Property Management Fort Worth today.

Tips for Property Property Management in Fort Worth: Rent Your House Faster

Vacancies are one of the biggest problems rental property owners face. Every day your rental home sits vacant, you are losing money. Some landlords try to offset the cost of vacancy days by cutting corners like not keeping the lights on or letting the landscaping overgrow. What they don’t realize is that not keeping your property looking nice may lead to more vacancy days and attract less desirable tenants. That is why your property management in Fort Worth matters. With the right property management, you can decrease both costs and vacancy days. Here are our top ten tips for renting out your home faster in 2018, so you can get your year started off right!

    1. Pay attention to your home’s curb appeal.
    2. Add amenities like a washer and dryer or new light fixtures.
    3. Deep clean inside including carpets and air vents
    4. Show your home only after the previous tenants have moved out.
    5. Keep your utilities on and make sure all light bulbs are working.
    6. Touch up paint around the house.
    7. Trim landscaping in front and back of the house.
    8. Show potential tenants the most recent inspection report letting them know the home is safe and up to code.
    9. Make renting easy with an online tenant portal for maintenance tickets and rent payment.
    10. Hire the right professional property management company.

How Professional Property Management Helps Fort Worth Property Owners

Any experienced property owner can tell you that managing rental property is a full-time job. When you leave small details undone, they can turn into big and costly mistakes. When you hire professional property managers, you can rest easy knowing the professionals are doing everything they can to get your home rented quickly to qualified tenants.

The Specialized Property Management Difference

The team at Specialized Property Management is exactly who you need to help you get a better return on your investment. Our property managers take care of everything: getting your home rent ready, scheduling and performing maintenance and inspections, communicating with tenants, and everything in between. To hear about all our services and schedule a consultation call Specialized Property Management in Fort Worth today!

New Year’s’ Resolutions for Ft Worth Property Management

Your property can always be improving, and the property management Ft. Worth landlords turn to time and time again is here to help. Try these property management resolutions and discover how a little bit of effort can make a big difference at your rental property.

    1. Small Property Upgrades – Resolve to keep your property looking its best inside and out! Things like curb appeal or an upgraded bathroom require minimal effort but pay off big time when potential tenants see your home.
    2. Stay on Top of Maintenance – Being proactive when it comes to maintenance issues like changing air filters will improve the life and performance of your home’s systems. A small upfront cost can save you thousands in the long term.
    3. Respond Quickly to Tenants – When your tenants have issues, no matter if they are large or small, the best thing you can do as a landlord is to respond quickly. You can lower tenant turnover rates when you respond quickly to tenant requests.
    4. Communicate Clearly With Tenants – As any good Ft Worth property management company can tell you, communication with your tenants is key. Set clear expectations for how the property should be cared for, whose job it is to do certain maintenance jobs, and when you will perform regular maintenance and inspections. 

How a Ft Worth Property Management Company Can Help You Stick to Your Resolutions

If sticking to all your property management resolutions feels like a full-time job, that’s because it is. Owning rental property is a great investment, but if you are inefficient, don’t take good care of your property, or ignore your tenants, you could start losing money. Specialized Property Management Ft Worth can help you stick to your property management resolutions. Our experienced property managers make your home their priority. When you need help getting your home rented quickly, responding to tenant requests, or anything else in between, you can be sure you’re in good hands with Specialized Property Management Ft Worth.  Call Specialized for more information about how a good property manager can help.