How to Select a Tenant with Fort Worth Property Management Services

So you want to rent out your investment property? Don’t tell anyone, or you may be bombarded with bad tenant horror stories. Other property owners will be happy to tell you all about their tenant selection mistakes. Unfortunately, these stories are common because property owners are more worried about avoiding vacancies in the beginning than they are about maintaining the value of their financial investment. Careless property owners can lead to careless tenants who cause property damage, legal issues, and even eviction which results in out of pocket spending on home improvements, legal fees, and maintenance repairs. High tenant turnover also means longer and more frequent vacancy periods with no rent coming in while you clean up the messes from old tenants. Rather than assuming that you’ll be the exception to the rule, it’s best to prepare yourself and learn how to increase your cash flow by making careful tenant selection a priority and enlisting the help of professionals like Specialized Fort Worth property management services. 

Finding the Best Qualified Applicant

At Specialized Fort Worth, our proven process for tenant screening ensures well-qualified tenants exclusively occupy your property. We have no qualms about performing thorough checks that analyze credit, background, employment, and rental history of every tenant who is 18 years old or older. Finding reliable tenants can impact the value of your investment, save you money, help you avoid the stress of vacancies, and even renew your faith in the tenant-landlord relationship that carries such a negative stigma. Part of Specialized Fort Worth’s property management services includes helping you prepare a thorough screening application that complies with your local and state laws, helping you find a great tenant while protecting you from making any discriminatory remarks unknowingly. Amazing tenants do exist, but to find the diamonds in the rough, you’ve got to put in the work, or hire Fort Worth property management services to do the work for you. Make sure that your application process follows the checklist below: 

  • Tenant applicants must be at least 18 years old and if there is more than one adult, each needs to fill out a comprehensive application. 
  • Be clear about the amount of rent and security deposit due and the due date each month. Tenant’s income must equal at least 3 times the rent rate. This decreases the risk of late rent payments. 
  • Make sure the security deposit required is significantly more than the monthly rent so potential tenants know that you are serious. 
  • Check credit, past employment, and income. Ask for a written explanation of poor credit scores. 
  • Ask about the last 2 years of rental history, if the rent was paid punctually and if damage was caused to the apartment. 
  • Require a criminal background check. Be on the lookout for those with a history of drugs, theft, violence, or sexual offenders. 
  • Call references like former employers, previous landlords, and colleagues and ask about the tenants’ behaviors, habits, and ability to pay rent on time. 
  • Stay current on federal and local laws and be sure to be in compliance with them. Fort Worth property management services can protect you against accidentally discriminating against prospective tenants based on race, color, gender, sex, religion, or service animals. 
  • Be clear about expectations and your role vs. the tenant’s role. Determine if they will be able to handle any situation with clear communication and a mature attitude. 
  • Always meet potential renters in person before signing any documents. You can tell a lot from a first impression and much miscommunication can be avoided when speaking face to face. 

Choose the Right Property Location

If you want the best tenants, you’ll want to make sure that the property you are investing in is located in a good area. This will attract tenants who are responsible and want to stay for an extended amount of time. Consider the quality of the school district, nearby shopping centers, the cleanliness of surrounding neighborhoods, and the safety of the area as well. Once you have great tenants, it will be easier to practice tenant retention. 

The Fair Housing Act 

Most non-compliance happens because property owners aren’t aware of all the laws and regulations that exist at the federal, state, and local levels. Violating the Fair Housing Act comes at a cost, whether in the form of hefty fines or losing one’s real estate license in Fort Worth. Property management services can save you hundreds of dollars, if you allow the professionals to be the authorities on what laws are out there and how you can avoid breaking them. Specialized Property Management is required to stay up to date on past, current, and changing Fair Housing laws, protecting you from making mistakes that could result in hefty penalties and fines. Partnering with a professional property management company like Specialized Property Management will give you access to correct legal counsel, providing you with peace of mind knowing that you are always complying with the laws and not discriminating against anyone. As the leader of Texas property management companies, Specialized Property Management keeps you compliant with all federal and local laws and regulations. 

The Importance of Background Checks

An independent research firm, Liminality, Inc, conducted a survey recently on behalf of a nationwide property management firm. A survey of 150 rental owners who were self-managing their property revealed that some don’t conduct background checks at all, and those who do are not strict or thorough about it. Implementing Fort Worth property management services will ensure that a thorough background check is performed for each potential tenant. Not performing background checks increases your chances of renting to criminals, posing a threat to neighbors, the value of your investment, and your steady stream of income. The Bureau of Justice reported in 2014 that 76.6% of prisoners released in 2005 were rearrested within five years. In fact, 21% of the property owners surveyed said that they “sometimes or never” conduct background checks on potential tenants. They also reported these frightening statistics: 

  • Only 44% check for a previous sex offender
  • Only 51% perform a criminal background check
  • 23% “sometimes or never” require credit checks
  • Only 51% call previous rental references 

Red Flags to Watch Out For 

Fort Worth property management services can guide you on exactly what to look for in a potential tenant-responsible, trustworthy, law-abiding, etc. but being on the lookout for red flags is equally important. Many people can seem great at first, but over time reveal their true character. If you keep your eyes peeled for the following signs, you’ll protect yourself from future headaches and out-of-pocket expenses: 

  • Late to Meetings – If you set up an appointment with a potential tenant to show them a property and they are more than 5-10 minutes late without a good reason, you may have a problem. If they can’t respect your schedule and be on time, they are likely to be late paying rent as well. 
  • Disheveled Appearance – We aren’t talking about discrimination based on looks, because that would not be in compliance with the Fair Housing Act. We are talking about taking notice of how someone chooses to present themselves. When they meet you for the first time, they should look at it almost as a job interview because they’re trying to make a good first impression. If they look like they don’t take care of themselves, how can you trust them to take care of your property? 
  • Wrong Information – If a tenant is being dishonest and reporting untrue information on their application, it’s a clear sign that they can’t be trusted. Faulty information is defined as either false or unable to be verified. It’s normal for some applicants to accidentally miss a section or misunderstand something, but when you call them about it, they should be able to provide that information or correct it right away. 
  • Inability to Pay – Specialized Fort Worth property management services require a fee before prospective tenants can fill out an application. The fee is usually $25-30 and pays for the background/criminal check. This is normal, but if a tenant can’t pay the amount right away, they probably also don’t have the funds to pay for rent. 

Fort Worth Property Management Services

Take advantage of Specialized Fort Worth’s property management services that include inspections, marketing, showing, collecting rent, maintenance, monthly reporting, and possibly most importantly, tenant screening and selection. Our team of professionals will not only find the best tenants for you, they will also interact with them and address any tenant concerns during their stay at your property. Our goal is to reduce your risk while minimizing costs and maximizing cash flow on your rental property. With over 30 years of experience and a 98% customer satisfaction rate, you can be sure that your investment is safe with us. Contact us today to learn more about tenant selection and our property management services. 

Understanding Lease Agreements with Fort Worth Rental Management

When you choose to invest in a property, you bear the responsibility of knowing everything there is to know about housing laws on a local, state, and federal level. If you rent out your property, you’ll also need to be aware of what a lease entails and when you have the right to terminate a lease. Your lease or rental agreement should contain general core elements as well as specific regulations depending on the state you live in. In the state of Texas, Fort Worth rental management like Specialized Fort Worth property management can ensure that you are current on all rental agreement issues outlined below and that you don’t unknowingly discriminate against prospective tenants or create a reason for a small claims lawsuit. With over 25 years of experience, we can prepare and execute lease documents with precision and according to law while addressing all the rules and regulations that govern a rental agreement. With effective communication and mutual respect, landlords and tenants can make changes as needed and create an agreement that fits both of their circumstances and needs. 

What is a Lease?

A lease or rental agreement is a binding contract between two people or parties which states the rights, obligations, and responsibilities of each while the lease is in effect as well as some of the consequences for not fulfilling them. Both landlords and prospective tenants should carefully look over all of the outlined terms and make sure they understand everything clearly before signing the document. If there is a disagreement between the landlord and tenant, city or state officials may step in to clarify and delegate parts of the lease agreement to the correct party. 

The Need to Have it in Writing

The Texas Statute of Frauds declares that a rental agreement is only required to be in writing if the contract is intended for longer than a year. In some cases, it is true that an oral agreement is valid in court. However, Fort Worth rental management companies should have a written lease with tenants even if a lease agreement is for shorter than a year. A written lease is a good idea to protect both the landlord and the tenant, and to document rental expectations in order to avoid future misunderstandings. 

What to Include in a Lease

Depending on the state you live in, the specific requirements for properties will change, but there are general requirements that Fort Worth rental management include as well. The lease will include the names of each party involved as well as the property’s description and location. Terms of the lease will be clearly stated, including the amount of rent, its due date, security deposit requirements, and pet rules. This legal contract will also outline the process for requesting maintenance and repairs. After both parties sign the lease, there are few situations that can legally void the agreement and they often call for legal involvement. 

Leases in Texas

In addition to the general rental agreement standards stated above, the state of Texas can be different in the following ways:

  • Disclosures: Fort Worth rental management must include a full disclosure in the agreements explaining who will make repairs and who is authorized to act on behalf of the landlord to make repairs when the landlord is unable to do so.  
  • Security Deposits: The state of Texas doesn’t control the amount landlords charge for their security deposits, but it does require that deposits be returned within 30 days to the tenant, separate from deductions for cleaning and repairs.
  • Small Claims Lawsuits: If tenants want to sue Fort Worth rental management companies for the return of their deposit, they can do so for up to $10,000. 

The Importance of Property Condition

When tenants or property owners don’t take care of a building and don’t perform their other responsibilities, both parties listed in the lease contract need to know their legal rights in regard to breaking their lease agreement. Property condition is a huge factor for both sides, as well as promptly taking care of maintenance issues. Rather than allowing your building to fall into disarray, it’s best to hire a professional Fort Worth rental management company who can take preventative measures to make sure that property condition is never a factor in breaking a lease agreement. 

Disability Lease Requirements

As a property owner, you should be able to know who is protected under the law, especially when it comes to tenants who have a disability in order to avoid legal problems in Fort Worth. A person is considered disabled and therefore legally protected if: 

  • They have a written record of a disability
  • They experience either a mental or physical disability that limits their ability to perform major life activities
  • They are recognized by others as having a disability 

Fair Housing Requirements 

Being aware of the Fair Housing Act and those who are protected by it could save you from making unintentional discriminatory mistakes in conversation, lease agreements, and more as a property owner. People are protected from being denied housing because of race, color, sex, religion, children, or disability by the Fair Housing Act. This means that your application for housing should not ask questions about these specific subjects. Fort Worth rental management can help you create a non-discriminatory application for prospective tenants. 

Reasonable Changes to Property

In special circumstances, especially in the case of a disability, tenants can ask for reasonable changes to the property to accommodate their specific needs. Reasonable changes are usually paid for by the tenant, and the property is required to be put back to its original condition when the tenant leaves. All reasonable changes and agreements must be stated in the lease and understood completely by both landlord and tenant. 

Consider Pet Policies

One mistake to be sure to avoid is not allowing service animals in your rental. Even if you have a no-pet policy, service animals are required by law to be the exception and can cost you a large fine if you don’t allow them or if you charge an additional pet fee for them. Check with your Fort Worth rental management company for a list of the exceptions and regulations with this law so that you are protected legally. 

Lease Termination

According to the state of Texas, Fort Worth rental management companies and tenants are allowed to terminate a lease in 3 ways. A lease naturally terminates after the agreed lease time has ended, landlords can create a new lease agreement, or tenants can move out of the unit. As with everything else surrounding property renting and management, general rules and regulations have the tendency to become complex. Hiring a team of professionals like Specialized Fort Worth property management will prepare you for the unexpected and protect you from making costly mistakes. 

Tenant and Landlord Agree to Terminate Lease

Sometimes leases need to be terminated before their natural ending because of unforeseen events. Texas law states that Fort Worth rental management companies must allow a tenant to terminate a lease early in the case of domestic violence involved an issued protective order and the need to leave for safety reasons. Another reason one might terminate their lease early is for active military duty. A property owner is required to respect a lease cancellation when a tenant gives 30 days notice for this reason. Examples of these early lease cancellation scenarios should be clearly dictated at the time of signing the lease agreement. Other circumstances may be cause for an early lease termination, but the key is to communicate with your tenant or landlord so there are no misunderstandings and everything is agreed upon in an amicable way. 

Landlord or Tenant Break Terms of Agreement

In some cases, amicable lease cancellation just doesn’t happen. If an agreement was signed and then responsibilities not met by either or both parties, the lease document is considered void. Examples of this may be the property not being properly maintained as promised by the property owner or the tenant avoiding payment of rent. In either case, action can be taken to terminate the lease. The best way to handle this situation maturely is to: 

  • Have a good reason why the lease needs to be broken
  • Keep accurate records
  • Give as much notice as possible
  • Be respectful to the other party

Eviction Policies

Fort Worth property owners can legally give a tenant who is not paying their rent an unconditional quit notice which gives them a limited number of days to move out. We recommend hiring Fort Worth rental management companies  to handle an eviction situation because there are eviction policies that need to be carefully followed on both state and local levels. These policies should also be included in the rental agreement. 

Fort Worth Rental Management

With all the details involved in a lease document, it’s crucial that property owners seek professional help from rental management companies. Specialized Property Management in Fort Worth, TX has over 30 years experience working with lease agreements and tenants. With our 98% customer satisfaction rating, you can rest assured that we care about what we do and are committed to keeping owners and tenants happy with their rental experience. Avoid mistakes and stay ahead of the property management game by putting our proven processes and expert team to work for you. Visit our website today and see the difference we can make with your lease options and tenant retention. 

Maintenance with Fort Worth Residential Property Management

Every property owner knows that owning a home requires maintenance. Some things you can do yourself, while others are better completed by hired professionals. Whether you are currently living in your property or if you are renting out a unit to tenants, being on top of the different maintenance required during each season and knowing who you can depend on to complete each task is important to protect your investment. 

“Some managers forget to think ahead to the next season early enough, so tenants are comfortable when weather changes start to turn cooler,” says the Operations Director at Specialized. “Getting the furnace ready before it turns cool means your tenants don’t have to wait to be comfortable in their homes when the weather surprises us with change.”

The more organized and proactive you are with maintenance, the more time and money you’ll save avoiding the need for repairs in the future and the happier your tenants will be. If you’re not sure whether you have the time or ability to complete all the maintenance tasks required each season, consider hiring a property management company. Specialized Fort Worth residential property management company has a team of experts that know what to do each season and the most efficient and effective ways to do it. We’ve included tips on getting your property rent ready and compiled a list of items to look out for each Fall and Winter and how to stay ahead of costly mistakes. Whether you want to do it yourself or have our team take care of it, you’ll want to be very familiar with the following maintenance tips.

Getting Your Property Rent Ready

Before worrying about regular maintenance, make sure that your property is rent ready for potential tenants. Without being presentable and up to code, your property won’t have the chance to be maintained until it’s fixed. Have someone come out to do an evaluation and let you know what needs to be done. Fort Worth residential property management can perform an honest and proper evaluation for you and then help fix any problems. Take the time now to remodel, update, and improve the curb appeal and the value of your property will increase. This may allow you to charge higher for rent and attract tenants who are well qualified. Once your home is functional and beautiful, it will be much easier to keep up with regular maintenance each season and even lower maintenance costs. 

Fall

Check HVAC Units and Clean Fireplace

Because of the constantly changing weather in Texas, it’s important to keep both your heater and AC unit in good working conditions. Clean or replace the AC ventilation system filters often and get rid of any fan and airway buildup. Make sure to bleed any air from hot water radiator systems and clean the dust off the fan blades as well. We also suggest you check humidity levels and execute any needed maintenance on humidifiers or dehumidifiers. Fall is a great time to cover outdoor AC units and do a chimney sweep on your fireplace as well. Rather than waiting on you while being cold, thinking ahead during the fall will ensure that your tenants will be comfortable all winter long. 

Property Inspection

About once a season or twice a year, it’s a good idea to hire a licensed inspector to walk around your property and inspect everything (both inside and outside) and ensure that it’s as it should be and that lease compliance is in order. At Specialized Fort Worth residential property management, our trusted experts perform property inspections for you and check for the following things: 

  • Loose or buckling carpet
  • Unstable stair railings
  • Hot electrical outlets
  • Fully charged fire extinguishers
  • Potential fire hazards
  • Smoke detector and Co2 detector with working batteries
  • Working shut off valves for gas and water 

This inspection will alert you of items you may not be watching out for on your own. It’s important to hire someone who is honest and thorough in their inspection and will help you save money, rather than cost you more in the long run. Once you know what needs to be fixed, you can then utilize trustworthy maintenance companies or Specialized Fort Worth’s team of trusted repair companies to quickly and properly perform the correct maintenance. 

Landscaping 

Fall is the best time to landscape your property’s lawn by fertilizing it, trimming trees and bushes, and removing any plants or roots that affect the foundation, siding or brick of your property. Tidying up leaves in the fall and making sure that any clutter is cleaned up off of your lawn before winter hits will keep your property looking beautiful while avoiding potential hazards. Our team can give you tips on how to increase your curb appeal in a way that doesn’t require an excessive amount of maintenance when you call our Specialized Fort Worth residential property management company. 

Fall Cleaning

Spring isn’t the only time you can declutter and clean. With any change of the seasons, it can be a good time to get a fresh start and do a deep clean. Vacuum under appliances while you’re vacuuming out vents, deep clean bathrooms, carpets, and rugs. Clean your garbage disposal by running ice through it one time, and following up with hot water and baking soda. Store summer items like water toys, garden tools and your hose in the garage for the winter months. Clean windows and blinds and take the time to deep clean areas that normally don’t get any attention like baseboards and beneath couch cushions. Anything that needs attention should be cleaned in the fall so that you don’t have to worry about it in the winter, when you’re less motivated to get outside and preoccupied with holiday celebrations and family get-togethers. 

Winter

Indoor Pipes and Outdoor Faucets

Fort Worth doesn’t often get below freezing, but when it does, it can wreak havoc on your indoor pipes. Avoid your pipes freezing by wrapping them in heat cables or flexible tubular pipe insulation. Heat cables use a low electrical current to warm the lines, preventing freezing from taking place. Do this with pipes underneath sinks as well as around your attic. Exposed plastic or copper pipes need to be wrapped as well. If your home has a pier and beam foundation, make sure to insulate short runs of pipe that might be exposed. To protect outdoor water faucets, purchase hard faucet covers to place over the spigots. 

If your property doesn’t have anyone living in it and you’re not in town, call your Fort Worth residential property management company and have them make sure it’s protected for the winter. It’s best to turn the heat on just above freezing to prevent any damage. Try opening cabinets as well to let warm air into areas where pipes are located. Barely turning on the faucets to let a tiny trickle of water flow through the pipes is a great way to avoid them freezing as well. 

Change Furnace Filters Monthly

Another tip for winter is to make sure that the filters in your heating unit are working and your vents are clean. After an entire summer of using the AC to keep cool, your heater may not be able to function properly unless it’s cleaned out. During the winter, with the constant use of the heater, you’ll want to change out your furnace filters monthly. Also keep an eye on sink drains to make sure they are clear of debris and draining properly.

Tenant Responsibilities

Though you’re the property owner, your tenants have maintenance responsibilities as well. Knowing what you’re in charge of vs. what they’re in charge of will save you the headache of taking on unnecessary work. Make sure that when they sign their lease, they know what they’re responsible for and then check in every season to see that they’re doing it. Fort Worth residential property management at Specialized Fort Worth can communicate with tenants for you in a clear and professional way so that you don’t have to worry about a strained relationship and unnecessary drama. 

  1. Report and take care of safety hazards like bulky carpets or loose hand railings
  2. Make sure electrical sockets are not warm to the touch 
  3. Keep fire extinguishers properly charged 
  4. Install fresh batteries in any alarms in the home 
  5. Be familiar with household safety and emergency plans, knowing where gas and water shut off valves are located
  6. Clean/replace filters and vents routinely
  7. Ensure all doors and windows function properly
  8. Clean drains and traps for correct drainage
  9. Keep outdoor are clean and tidy

Fort Worth Residential Property Management 

When you invest in any property, taking good care of it pays off in the long run. It will keep your property looking and working great, allowing tenants to have consistently positive experiences and in turn providing you with consistent income. Part of making sure your property is taken care of correctly is hiring the right property management company. Specialized Fort Worth residential property management with its 98% customer satisfaction rating and over 30 years of experience and has seen it all, including the occasional Texas snowfall. We allow you to manage your business while we keep your unit well maintained, retain curbside appeal, and communicate with tenants about their maintenance responsibilities. 

“Property inspections and communication with tenants is always a good idea for being proactive with your property management responsibilities,” advises the Operations Director at Specialized Fort Worth.

Contact us today to learn more about how Specialized Fort Worth property management can take the best care of your property. 

Advantages of Using Fort Worth Real Estate Management

There’s a common real estate misconception that properties are easy to manage among those who have never tried it. Those who have tried it know that the opposite is true. Owning any type of property is a lot of work, but a rental property is all that work and then some. Trying to do it all on your own is unwise, especially if you’re new to the game. Relying on one-man operations and local mom-and-pop property managers may save you money in the beginning, but they most likely don’t offer expertise in every area of management (even if they claim as much) and can end up costing you more money in the long run than a professional team of Fort Worth real estate management like Specialized Property Management offers. 

We understand that renting out a property, and doing it correctly, takes a team of experts in every area from marketing and tenant screening to collecting rent and complying with legal laws. It’s your decision how much your time is worth, but when you think about the amount of money and time you’ll save in the long run by investing upfront with a property management company you can rely on, you’ll realize that trusting Specialized Fort Worth Property Management is the wise choice. We’ve listed all the services offered at Fort Worth Property Management, and how they can help you live the dream of enjoying your ROI without the management headaches.  

Reducing and Avoiding Vacancies

The last thing you should be worrying about when you own a rental property is vacancies. When no one is occupying your unit, you’re losing money, which means you have to stress about how to market your property and find new tenants fast. This can lead to accepting any willing tenant and causing problems later on because of insufficient screening. Our Specialized Fort Worth real estate management company can reduce vacancies and save you money by managing tenants in a professional way, collecting rent consistently and efficiently, and always marketing your property using the best marketing techniques to keep new, reliable tenants on the horizon and ready to move in at a moment’s notice. 

Selecting and Enforcing the Best Rental Rates

Most property owners want to charge enough to cover their expenses plus make a profit, but aren’t sure what’s marketable for the area. Our property management company will assess the area and see what current rental rates are. We’ll also compare with the quality and location of your property and set the best rental rate to ensure your costs are covered, tenants are happy, and you’re not exceeding any rental rate limits for the area. The right price will increase the marketability of your property, help make you more money on a consistent basis, and attract the right tenants. 

Tenant Selection

Specialized Property Management is the rare Fort Worth real estate management company that will make sure to screen each and every tenant so that you don’t have to worry about unreliable income or disrespectful neighbors. We screen potential tenants by performing background checks, calling references, checking their credit and income, and requiring a thorough questionnaire. The best tenants will pay their rent on time, keep your property clean, and renew their contract year after year. We target those people through our marketing techniques and setting the optimal rental rate for the area. 

Dealing with Tenants

The number one reason you should trust our property management company rather than try to do it all yourself? You don’t have the time or energy to deal with tenants or their 1am phone calls. We have an entire team dedicated to handling all your tenants’ needs efficiently and effectively, in a way that makes them happy and doesn’t take up your time or interfere with your schedule. We’ll answer their phone calls and complaints in a timely manner, scheduling high quality maintenance from reliable vendors when needed as soon as possible. 

Marketing

If you want to fill vacancies, you’ve got to be ahead of the game when it comes to advertising. Our team includes marketing experts who will advertise aggressively and generate lots of interested callers. Don’t block your own cash flow and slow down the process by trying to do it all yourself. We’ll meet with potential tenants, perform walk-throughs, and mediate the relationships between tenants and neighbors while you focus on spending your time however you want to. At Specialized Fort Worth real estate management, we now offer the time saving tool of electronic showings. We understand that some people don’t have the time or patience to coordinate a walk-through with one of our team members and we don’t want to lose their business because of a scheduling conflict. That’s why we allow them to view your property on their own time through access to a lockbox after they’ve been screened and had their identity verified for security purposes. This process helps speed up the process, reducing vacancies and establishing trust with your future tenant. 

The Office Work

The paperwork alone of owning a rental property is a headache. Let us take care of administrative office management record keeping, preparing reports, accounting, contracting maintenance, creating budgets, and writing lease agreements. All of this paperwork is time-consuming and easy to make simple mistakes on. Our team of Fort Worth real estate management professionals will stay on top of everything for you, keeping the office part of management organized and mistake-free. Trying to do all these tasks on your own can be time-consuming and lead to the loss of potential tenants or legal issues due to mere disorganization or procrastination. 

The School Work 

If your unit is in a HomeOwners’ Association community, you may be required to attend classes or meetings for your property. These classes help you stay up to date on rental laws, tax information, and the latest approaches to property management. Your representation will be desired and possibly mandated at community meetings, local board meetings, and property investment meetings. Save yourself the time and hassle by hiring our team of experts at Specialized Fort Worth real estate management. We are experts on the topics you’ll learn about in those classes and if need be, we can represent your property for you at meetings. 

Collecting and Depositing Rent 

“My check is still in the mail” sound familiar? Every day that you sit around waiting for a check to arrive or for rent to come through, you’re losing money. We’ve created systems like online payment options and a 24/7 online tenant portal to make sure that rent is collected quickly and in turn, deposited to you right away. Our effective tenant screening system combined with our smooth rent collection process makes payday something you can finally rely on from your property.

Cost-effective Maintenance and Vendors

One of the hardest parts about trying to manage your own company is finding maintenance specialists, contractors, cleaning services, landscapers, and other vendors on whom you can rely. These kinds of businesses are known for being hard to find and even harder to form a long-term relationship with. Most Fort Worth real estate management companies won’t take the time to find quality vendors, costing you more money when one doesn’t show up to a job or perform a task correctly and efficiently. Because we are a reliable source of income for these types of companies, we’ve collected a list of vendors that we know we can trust to not only perform high-quality work, but to show up, be on time, and charge fair rates. 

Meeting and Addressing Legal Issues

There are so many codes and laws on both the local, state, and federal levels and keeping track of them plus the constant changes is exhausting. That’s why you should trust our experts who know exactly what the laws are and will update you as they change. We can protect you from making any mistakes that you may unknowingly commit which could lead to costly fines. Work with us and we’ll make sure that you’re in compliance with fair housing rules, discrimination laws, and property laws on every level. We also offer legal services as needed.  

Fort Worth Real Estate Management 

Being wise about your property investment means setting realistic expectations. Owning a property itself is time-consuming and labor-intensive. Renting it out to tenants is even more so. Turn over all the stress and hassle of the management duties to our team of experienced professionals at Specialized Fort Worth real estate management company to avoid common mistakes made by Fort Worth property managers, and enjoy your free time while the rent payments roll in each month. 

When you actually crunch the numbers, you’ll see that the time and money you save by delegating each of these tasks to our team of professionals who work together to manage every sector for you is undeniable. With over 30 years in the business, the knowledge and expertise we have at Specialized Property Management is worth the investment. We are one of the industry leaders in Fort Worth real estate management because of our proven systems. Trust us with your property for complete peace of mind. Give us a call today to find out more about how we can help with your properties and increase your return on investment.