5 Reasons Property Management in Fort Worth Recommends Inspections

Many landlords are satisfied with inspecting their rental property only as part of their tenants move in and move out procedures. Experienced property managers know this thinking is likely to lead to costly and avoidable mistakes. Here are five reasons you should regularly inspect your rental property.

  1. Proactive Maintenance. Tenants do not always report minor maintenance issues, either preferring to handle it themselves or let them be. The problem with this is that a small issue can quickly turn into a large issue if left alone. You can catch and fix a leaking pipe before it turns into water damage and mold if you inspect the property regularly.
  2. Lease Compliance. If a tenant has a pet in a no-pet house or is smoking inside when the lease states not to, you have a problem and need to address it. Sometimes these problems are only noticed during an inspection.
  3. Tenant Communication. Communicating with your tenant is easier when you or your property management in Fort Worth can be physically present on the property. It also signals to your tenant that you care about how they and the property are doing.
  4. Tenant Behavior. Along with lease compliance, landlords can check in on tenant behavior during inspections. To catch an issue such as criminal activity, negligence, or hoarding, you need to be aware and physically present.
  5. Safety Concerns. Is your rental property safe to live in? Are there loose screws or buckling carpets? Are there bed bugs or other pests the tenant is unaware of or unwilling to deal with? Are the fire alarms and extinguishers working? These are important safety features to protect your tenants and your property.

How Property Management in Fort Worth Can Help

A full-service property management company will schedule regular inspections for your rental property. The inspector can determine if maintenance needs to be done if your tenants are complying with the lease and if there are any concerns about their behavior or safety. At Specialized Property Management Fort Worth you can view full inspection reports on your online portal, so you are never in the dark about what is going on at your property. To find out more about our property management services, call Specialized Property Management Fort Worth today.

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!

6 Ways to Avoid Tenant Conflict by Arlington Property Managers

Conflict with your tenants is a serious issue and could be responsible for costly tenant turnovers and evictions. But how do you avoid tenant conflict? Emotions often get in the way when you are dealing with people and their home. Communication breakdowns and mistakes lead to hurt feelings that could have been avoided. We have […]

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!

Low-Maintenance Landscaping in Fort Worth Residential Property Management

While leases can differ as to who is responsible for lawn care, you as a landlord need to make sure your rental home is well-maintained and looking its best at all times. You can make things easier for yourself and your tenants by planting or installing low maintenance landscaping features around the home.

Patios, Decks, and Walkways

Installing walkways, patios, or decks is a great low-maintenance way to design your landscaping. No watering, weeding, or mowing required! Additionally, many tenants will enjoy having a large outdoor space where they can put outdoor furniture for entertaining. Contact your Fort Worth residential property management to find out if there are any landscape design vendors they partner with.

Drought-Tolerant Landscaping

You may have heard of drought-tolerant landscaping, xeriscaping, or smart-scaping. They are all terms for a type of gardening that reduces or eliminates the need for watering. It doesn’t always mean planting cactus and spreading rocks as some people think. Check with your local garden center for help identifying native plants that are drought resistant. An agave plant or a Texas sage is a good place to start. Invest in mulch or other ground covering that will keep water from evaporating too quickly.

Provide Your Tenants With Tools

If your lease states it is the tenant’s job to keep up with the landscaping, consider providing the tools for them. Your tenant will be much more likely to keep up with gardening and mowing if they don’t have to purchase any tools themselves. If you want the grass to stay nice and green, consider installing a sprinkler system to make it even easier for your tenant.

Careful Planning and Good Management

With careful planning, your rental property can look good year round with minimal effort. Regular inspections should be performed to make sure your tenant is keeping up with landscaping duties specified in the lease. A good Fort Worth residential property management company schedules and carries out inspections as well as proactive maintenance to make sure your property is always looking its best. Specialized Property Management Fort Worth has years of experience and proven processes to help you. Call us today to schedule a consultation and learn about all the services we provide.

8 Hidden Costs of Self-Managing by Fort Worth Property Management Company

What are the pros and cons of self-managing your rental property? One of the most apparent pros is saving money by not paying a professional property management company. But do you save money when you self-manage your rental property? Did you know many property owners spend more when they self-manage? Specialized Property Management Fort Worth is here to fix that; we want you to make the best return possible on your rental investment.

8 Hidden Costs of Self-Managing

Your Fort Worth property management company want you to be aware of these common self-management pitfalls landlords can fall into.

    1. Renting to under-qualified tenants.
    2. Letting small maintenance problems turn into costly issues.
    3. Running into legal actions as a result of not knowing housing laws.
    4. Not understanding landlord responsibilities.
    5. Paying retail prices for repairs and equipment.
    6. Dealing too emotionally with tenants leading to possible vacancies or evictions.
    7. Losing money by not pricing your rental correctly.
    8. Not having efficient processes in place for rent collection, maintenance, and inspections.

Hiring the Right Fort Worth Company

Now that you know the hidden costs of self-managing, how do you find the right property management company? Do your research on each company in your area to find out what services they offer. If you are going to spend money on a property management company you need to be sure they will take care of every last detail. Some management companies promise low rates but don’t perform all the services you need. Pick a company with local experts. Finally, find a Fort Worth property management company with trustworthy vendor connections, so you never have to pay retail prices for repairs and equipment.

The Specialized Property Management Fort Worth Difference

Specialized Property Management Fort Worth is a full-service property management company with a team of experts who can turn your investment into a success. With years of experience, connections in the business, and proven processes you know you can trust our property managers to take care of your rental property from A to Z. And you may be surprised at how much money you save by hiring professionals who cut costs without cutting corners. To hear about all the services we offer and schedule a free rental consultation call Specialized Property Management Fort Worth 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.

7 Things You Should Never Do in Rental Property Management Fort Worth TX

Being a landlord is about more than putting a “For Rent” sign in your yard and collecting rent checks. Owning rental property is a full-time job and not treating it that way can put your investment at risk. Making sure your rental home and your tenants are safe and happy should be a priority. This list of “Landlord Don’ts” are just a few of the things to remember if you want to be a proactive landlord.

Don’t Do These Things

    1. Don’t forget about housing laws. Breaking a housing law can land you in serious legal trouble.
    2. Don’t put off maintenance. Keep your home and tenants happy and safe.
    3. Don’t get emotional about your property. Your rental property is a business; you should treat it exactly like one.
    4. Don’t try to self-manage. With professional rental property management, Fort Worth TX landlords avoid costly mistakes and get a better return on their investment.
    5. Don’t be disrespectful to your tenants. Keep open and respectful communication to reduce turnover.
    6. Don’t ignore housing regulations. Stay up to date with all the regulations to avoid costly fines.
    7. Don’t forget to set aside money each month for repairs. Every property needs regular repairs, make sure you budget accordingly.

Professional Rental Property Management Fort Worth TX Helps Landlords

Many first time landlords don’t realize the complexities of managing a rental property. This list of don’ts is only the beginning of things you must remember if you want to make a good return on your investment. Managing rental property is a full-time job even when things are going smoothly. The professionals at Specialized Property Management Fort Worth have the experience you can count on to make your investment a success, so you don’t have to worry about anything. To learn more about our services and schedule a consultation give Specialized Property Management Fort Worth a call today.

5 Ways to Avoid an Eviction in 2018 by Property Management Company, Fort Worth

Evictions can cost you a lot as a landlord in both time and money. Unfortunately, even the best landlords are not immune to evicting tenants. But being smart and careful means you can avoid them when possible. Specialized Property Management Fort Worth is here to help you avoid evictions this year and get a better return on your rental property investment.

Five Ways To Avoid Evictions

With a quality property management company, Fort Worth landlords are already on their way to avoiding evictions. Here are five more tips for avoiding evictions:

    1. Have strict tenant qualifications in place.
    2. Set clear tenant expectations, so there is no confusion.
    3. Act quickly with collections.
    4. Be respectful and responsive when interacting with your tenants.
    5. Act quickly if an eviction looks like a possibility.

Can Professional Property Management Help Avoid Evictions?

Avoiding evictions means staying on top of every aspect of property management. When hiring a trusted  professional property management company, landlords can rest easy and know evictions are less likely.  A well-cared for home will attract quality tenants. Staying on top of maintenance, even small things like changing air filters, signals to your tenants that you care for your home and they should too. Clear and open communication will help you avoid confusion and mistakes. Experienced property managers will take care of all these details for you.

Finding the Right Property Management Company

When hiring a full-service professional property management company, Fort Worth landlords can relax and know their property is in good hands. The experienced property managers at Specialized Property Management know how to communicate respectfully and efficiently with tenants, so they always feel heard. Our proven processes will ensure nothing is left undone. We have the knowledge and experience necessary to turn your investment into a success. For more information call Specialized Property Management Fort Worth today!