Whether you’re new to the real estate investing game, or have been doing it for years, it’s never too early or too late to hire a property manager. Many investors think that they can do it all, minimizing their own costs by putting in extra time here and there. However, when you rent out your home in Fort Worth, there are bound to be a list of things you haven’t considered and with which you’ll need help. The best thing you can do to help protect your investment as well as save time, money, and stress, is to hire a property manager that you can trust. The hard part is knowing which Fort Worth residential property manager to choose and why. Property managers that have the experience, skills, and knowledge you need and also treat you and your tenants with the services you deserve can be hard to come by. When searching for a property manager, it’s a good idea to learn beforehand the right questions to ask and what services for which to look. At Specialized Property Management, we truly care about you and your property. We’ll help you learn what to look for in a property manager and where to find them in Fort Worth.
What to Look for in a Property Manager
Some property managers get a bad reputation because they don’t communicate well or do their research before making a decision about a property or a tenant. At Specialized Fort Worth, we have over 30 years of experience and specialize in property owners, like you, who rent out your home in Fort Worth. You won’t have to worry about us making a mistake, because our organized team of experts has seen it all and can foresee and prevent problems before they even happen through the effective systems we have in place. Because we are so experienced, we know exactly what you should look for in your search for a property manager.
Employed or Self-Employed
Do you want a person or a firm? Supporting smaller businesses that are self-made is a noble cause, but may come at a risk. The chances of hiring a self-employed property manager with the knowledge, skills, and experience you need are smaller than someone who is employed by an experienced and well-known firm such as Specialized Property Management. Large Fort Worth residential property management companies usually offer more services and require higher standards of service for their professional employees. This means that they are more likely to resolve problems faster and more effectively than smaller, self-employed property managers.
Make sure that the property management company you hire offers the services you need. If you have more than one property, for example, you may be better off trusting a team of experts than a single, self-employed property manager. Make a list of the needs you want to be met and then ensure that the Fort Worth residential property management company you are interested in hiring can meet those needs. Consider the following services that Specialized Property Management provides:
- Pre Screening Tenants
- Advertising and Marketing
- Maintenance Services
- Financial Reporting Services
- Lease Enforcement and Eviction Services
- Collect and Distribute Rent
Some people think that by not hiring a property manager when you rent out your home in Fort Worth, you’ll actually save money because most property managers are expensive and take a share of your potential profit. At Specialized Property Management, we are straightforward and upfront about our fees. Hidden fees from other property managers may surprise you in tenant turnover, poor maintenance, longer vacancies, avoidable mistakes, and evictions.
You want a company that specializes in what they do rather than trying to run a property management business as well as several other ventures. With Specialized Property Management, you’ll get a company that is focused on what they do and has 30 years of experience doing it.
Local Knowledge and Certification
Hiring a Fort Worth residential property management company doesn’t mean that they know everything there is to know about the area. Make sure that you hire a company like Specialized Property Management that trains and stays current with local laws and regulations as well as federal housing laws. This is the wisest way to ensure you don’t get caught up in any legal nightmares.
Specialized won’t let you or your tenants wait around for answers. With our owner and tenant portals, as well as 24/7 customer service, you and your tenants’ concerns will be quickly addressed. Customer satisfaction will be high and tenant turnover will be low, both important to keeping your income flowing as the property manager. With a Fort Worth residential property management company like Specialized Property Management, you can check in on the status of your investment property anytime and from anywhere.
Specialized Property Management knows that vacancies are the biggest cost in real estate management and we keep them low with our proven process. Through our effective and thorough tenant screening, we ensure that your Fort Worth rental property is filled with well-qualified tenants as quickly as possible and that tenant turnover is minimized as much as possible. It would be wise to learn about how many vacant properties a company currently has before hiring them.
Some people assume that when you rent out your home in Fort Worth it’s easy to find maintenance guys who are needed for quick jobs here and there. The truth is, it can be extremely difficult to find someone quick, reliable, and skilled at repairs, especially on a moment’s notice. At Specialized, we work with national providers to get you low-cost, high-quality maintenance that comes backed with guarantees. We will also schedule regular maintenance checks and walk-throughs to stay on top of issues before they start. To see if we truly stick to these standards, try driving by some of the properties we manage to see how well they are maintained on a regular basis.
Rent Collection Systems
Specialized Property Management collects rent electronically and we have an ethically and proven screening method for tenants to ensure that rent continues to come in and be paid on time, which is a top priority in property management.
How to Choose a Property Manager
Now that you know what to look for in a Fort Worth residential property management company, you may have to choose between a few that offer the services you need. Below are some ways to differentiate between companies to make sure that you are hiring someone who is reputable.
- Read Reviews: Reviews are trusted more than ever these days and you can tell a lot about a company from how many positive or negative reviews they have. Talk to others about their experiences with a company before making any major decisions and then consider your options and decide on the best one. Specialized Property Management has testimonials on their website where you can read about the many positive experiences from both past and current customers.
- Do Your Research: Before you even begin to rent out your home in Fort Worth with a property manager, interview a few different candidates. This will help you better understand who you will be most comfortable with. Trust is key in a property owner/property manager relationship because you are letting someone else take over the responsibility of your investments. Make sure in face-to-face interviews that the company you hire is one that is both capable and trustworthy. During the interview, go over all necessary paperwork as thoroughly as possible. Make sure that each party’s responsibilities are clearly defined in the contract and that there is no room for surprises down the road.
- Learn Their Procedures: You want to make sure that you have realistic expectations about the company you hire, so try learning about the company’s protocols. In the interview, ask them about how they take care of after-hour emergencies, how they keep maintenance costs low, how they collect past-due rent, and what their fee structure is. Make sure that everyone is on the same page so you both know what to expect.
Specialized Fort Worth Residential Property Management
A great property management company that you can rely on is easily the best thing you can have when you invest in real estate. As you begin your research, you’ll see that there are many options out there. Using the guide above, don’t stop searching until you find a company who can meet all of your needs. Depend on Specialized Property Management, who offer all of the services described above and have a 98% customer satisfaction rate. We can help you with any rental property ownership task. After all, with over 30 years of experience, we’ve truly seen everything and know what to expect. We’re educated on all of the ins and outs of managing rentals and are confident that we can help you decrease the stress in your life, save time and money, and increase your passive income. Contact Specialized Property Management today and learn how to get started.