Choose a Property Manager Before You Rent Out Your Home in Fort Worth

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. 

Services Offered

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 

Pricing 

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. 

Specialization

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.

Responsiveness

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. 

Shorter Vacancies

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. 

Cost-Effective Maintenance

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. 

  1. 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. 
  2. 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. 
  3. 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. 

Fort Worth Rental Property Management Keeps Neighborhoods Safe

Everyone wants to feel safe in their own home, but unfortunately, crime and neighborhood relations are things that we have to consider. As property management experts for over 30 years, Specialized Rental Property Management Fort Worth has seen it all. We know the most common crime cases and when they occur as well as the main reasons why neighbors disagree. Read the following tips below for how to keep your home safe during the holidays and how to ease tension in your neighborhood. We are confident that if you follow these tips and enlist our help, you can decrease the stress in your life and have a great relationship with your tenants and their neighbors. 

Tips for a Crime Free Home 

Most Fort Worth rental property management companies will tell you that although winter can be a magical and special time of year, the holidays also present a challenge for keeping crime away. Burglaries and thefts rise during this time of year with tenants leaving town for long periods of time, so no matter how safe of a neighborhood your property is in, it’s important to be aware and protect your home as much as possible. Some tips for keeping your rental home crime-free are below. 

  1. Every door and window should have secure locks. Make sure that the exterior doors have a deadbolt and that you are changing the locks between tenants. Windows do have to be able to open for fire safety reasons, but it’s your job as the property owner to make sure that every window can lock securely. Remind tenants to double-check that all locks are secure before leaving and that spare keys in obvious places (like under the mat) are removed. 
  2. A security system is always a good idea to be extra safe. There are a variety of options out there and some even have cameras. Just make sure that your tenants know how to use the security system that is installed. 
  3. A good burglar deterrent are motion-sensitive security lights. Place them on walkways so that when people walk by, the pathway lights up. 
  4. Have a neighbor or friend check your tenants’ mail for you or tell the post office to stop sending mail for a while. Burglars will look for signs of unattended homes like overstuffed mailboxes or piled newspapers. 
  5. Get rid of landscaping like shrubs or other items that would be an easy place for thieves to hide when sneaking in or out. 
  6. Have tenants put timers on their TV, lights, and lamps to make it look like someone is home. 
  7. Put your tenants through a thorough screening process before they sign a lease. This way you’ll be aware of any criminal history. 
  8. Hire a Fort Worth rental property management company to secure your property. At Specialized Property Management, we can take care of installing a security system, changing the locks in between tenants, and removing outdoor hiding places. We also have a reliable tenant screening process that ensures you know everything you need to about your tenants before they move in. 

How to Calm Neighborhood Tension

Fort Worth rental property management companies understand that when tenants and neighbors respect each other, the community as a whole is safer and more pleasant. However, not every neighborhood is a utopia and disagreements between neighbors will usually happen at some point. When this happens between one of your tenants and another neighbor, it can create tension and disrupt the peace. That’s when Specialized Rental Property Management Fort Worth can step in to help. We can communicate with tenants for you or advise you on what to do when there is tension

Communication

Let your tenants know when something is happening that could potentially affect them. They need to feel like the lines of communication are open and that all neighbors are on the same page.

Careful Tenant Screening

When neighbors know that the people living next to them have gone through the same careful tenant screening that they have, they will appreciate it and feel safer. High-quality tenants tend to be both more responsible and respectful of others. 

Clear Expectations

Fort Worth rental property management companies will explain policies to tenants before they sign the lease. This way, tenants know what to expect, how to take care of their homes, and how best to communicate with and respect neighbors. If policies are violated and a problem does occur, tenants already will know actions that need to be taken.

Noise Caused by Neighbors

Even in single family homes, noise from neighbors can be frustrating. It usually only takes a polite request to resolve a problem, but in case there needs to be interference, you should know local noise ordinances and be able to back up your tenant. 

Noise Caused by Tenants

Make sure you communicate noise policies to your tenants at the time of lease signing and strictly enforce those policies while they live on your property.

Proactive Maintenance

Performing regular property inspections will keep the neighborhood looking beautiful, reduce cause for tension among neighbors, and allow you to know what the property needs. If you are in a community that has an HOA, let Specialized Rental Property Management Fort Worth ensure that you’re not breaking any rules. 

Pet Policies

Pets are wonderful and can help tenants connect with their neighbors, but if tenants don’t pick up after them or keep pet noise under control, there can be problems. Make sure that you have pet policies in place at the time of lease signing and that they are strictly enforced.

Smoking Issues

Smoking policies help to respect the space of others, especially in a neighborhood with children. Tenants should avoid smoking close to the neighbor’s property to avoid smoking-related conflicts.

Responsive Management

When Fort Worth rental property management companies have policies in place that proactively maintain the rental unit and respond to tenant concerns, neighbors feel more comfortable because they have happy tenants in the neighborhood.

A Friendly Attitude

Conflicts can always be diffused quicker when tenants, landlords, and neighbors have a positive, established relationship. Being friendly and open with neighbors lay the foundation for smoother conflict resolution when problems do arise. 

Maintaining a Peaceful Neighborhood

Part of living in any community is living close to people that are different from you. We all have different life stories, hobbies, and opinions on how to do things. Fort Worth rental property management companies understand that all these differences can lead to problems. Loud pets, blocked views, trash problems, curious children, and a number of other issues can cause tension between the best of neighbors. Here are a few suggestions to help keep your neighborhood as friendly and neighborly as possible:

Get to Know Your Neighbors

No one wants to be the first to reach out, but most people will reciprocate if reached out to. Even though everyone is busy, it could make a big difference if you are the one to say hello and get to know your neighbors. According to a Pew Research survey in 2010, the majority of American adults only know some or none of their neighbors’ names. Statistics also show that most of us only trust half our neighbors. Getting to know your neighbors can make future problems much easier to resolve. Try getting together with your neighbors for dinner or at least talking to them about professions, names of children, and common interests. Closer relationships will be friendlier and more helpful in the long run.

Be Friendly During Conflict 

Try to resolve problems by being friendly and polite at first. The less confrontational you are, the quicker and easier solving the problem will be. Fort Worth rental property management companies know that the number one cause of neighborhood conflict is unwanted noise and the most common solution is a friendly request, especially from a neighbor that you are on good terms with in the first place. If diplomacy doesn’t work, a neutral, third party, like a property owner or property manager can try mediation with the problem.

Final Conflict Solutions

If diplomacy and mediation just aren’t making a difference with neighborhood conflicts, residents can take their problems to court. At this point, you have no control over the outcome. A judge listens and makes the final decision. And, remember that going to court is never a cheap solution. Sadly, the ultimate problem fix is moving out.

Conflict is human nature, and neighborhood wars may naturally happen. Hopefully, with diplomacy, or with the help of Specialized Rental Property Management Fort Worth, your neighborhood conflicts can be resolved quickly, keeping you and your neighbors in a peaceful and safe neighborhood. As much as you want your personal space respected, be aware that you also have a responsibility to do your part to keep the peace. Specialized Rental Property Management Fort Worth tries to choose rental units in peaceful neighborhoods, create clear lease agreements, and treat both property owners and tenants with respect. Trust our team of experts to take care of all the details and make sure that both you and your tenants are happy. Contact us today to find out more about our services. 

Rising Rent Rates—Great for Fort Worth Property Management

It’s almost 2020, and more and more people are choosing to rent these days. With the rise of millennials wanting to settle down but most not being able to afford the current home prices, single family homes, in particular, are in high demand. According to MIllionacres, “Interest rates have fallen in the past year [and] mortgage rates are expected to remain at historic lows for a while…Even with rates below 4%, it can be tough for some buyers to purchase a home. Many first-time homebuyers are burdened by student loans and have had difficulty saving up for a down payment.” 

This is great news for rental property owners because it means that rent rates are rising and their income flow is steadier than ever. It’s also a good time to buy and take advantage of low interest rates. Fort Worth property management companies like Specialized Property Management can help you know where to invest, how much to charge for rent, and how to trust the experts with the management of your property. 

Rent in Fort Worth Compared to National Trends

Increases in rent means happy Fort Worth property management companies, because property owners are happy with their increase in income. The rise in rent rates also means landlords can be more selective about tenants, which means their property value increases, turnover rate and vacancies decrease, and the flow of income is more reliable from tenants who consistently pay their rent on time. Property management companies like Specialized Property Management make sure to be constantly up to date on current rent trends in the area and can help you choose the best rate to charge your tenants to stay competitive and avoid vacancies. According to RentJungle

“As of April 2019, the average rent for an apartment in Fort Worth, TX is $1043 which is a 0.96% increase from last year when the average rent was $1033, and a 0.77% increase from last month when the average rent was $1035. One-bedroom apartments in Fort Worth rent for $893 a month on average (a 0.56% increase from last year) and two-bedroom apartment rents average $1139 (a 1.76% increase from last year).” Our team at Specialized Rental Property Management Fort Worth is consistently up to date with the latest increases in rent in the Fort Worth area and can help you determine how much to charge for your property. 

2020 Real Estate Forecast

What you need to know about 2020 real estate trends, according to Dave Ramsey, is that for the majority of millennials who can’t afford to buy, renting is the answer, and single family homes are preferable over apartments. According to CoreLogic, the number of single-family rental homes increased 38% from 2010 to 2016 and demand is still soaring. However, because of supply and demand, renting a single-family house is expensive. Property owners who own more than one single family home are delighted with the recent shift and should take advantage of the services that Fort Worth property management companies like Specialized Fort Worth provide. 

“Low rental supply coupled with ongoing demand pushed up rents in September,” said Molly Boesel, principal economist at CoreLogic. Vacancy rates are also dropping all over the nation. As people begin to realize how popular renting is, even builders are starting to cater to investors, creating communities that are solely meant for renting, “For homebuilders worried that a slowing economy and tightening credit conditions will hit demand for starter homes, they should be able to rely on increasing demand from investors,” added Pointon.

Single Family Homes

Individuals and families who cannot afford to buy their own homes, or don’t want to commit to buying a home, desire the lifestyle of a single-family home. Amenities like a backyard, safe neighborhood, privacy, and more space overall are some reasons people choose a single-family home to rent. At Specialized Rental Property Management Fort Worth, we specialize in the single-family home rental market. This market has continued to grow over the years, with rents rising in most areas of DFW. 

According to Norada’s 2020 real estate forecast, “Following the housing market decline in 2007, single family rental properties became favorable options for investors, saving in construction or refurbishment prices. The quick turnaround for an owner to rent out their property means cash flow is almost immediate. Single family rental homes have grown up to 30% within the last three years. Almost all the housing demand in the US in recent years has been filled by single family rental units…

Single family detached homes are the single most common housing type in Fort Worth, accounting for 67.37% of the city’s housing units…The most prevalent building size and type in Fort Worth are three and four bedroom dwellings, chiefly found in single family detached homes… Currently, there are 3,406 single family homes for sale in Fort Worth, TX on Zillow…Additionally, there are 814 single family homes for rent in Fort Worth, TX.” Specialized Fort Worth Property Management can help you decide where to invest out of all your options. 

Why You Should Invest in Fort Worth Real Estate

Fort Worth is an excellent city for your real estate investments. Rent rates are rising,  and homes are appreciating. The rise in rent allows property owners to increase their income, cover their expenses, be more selective about tenants, and market their property’s increased value. Home prices are expected to rise by 7.3% in 2020. This means that if you’re hoping to buy and rent, now is the time to buy something you can afford and then you can raise the rent as the home appreciates in value. If you’re hoping to buy and sell, now is the time to buy so you can make a profit when you sell. Some reasons why Specialized Rental Property Management Fort Worth believes you should invest in Fort Worth real estate are: 

  1. Overall value. The median home value in Fort Worth was around $240,000 in 2018 and because of the area’s perfect combination of slow population growth, income growth, and job growth, rents and home prices will continue to grow steadily. 
  2. Great deal. Affordable housing with practically guaranteed appreciation is a rare mix that can be hard to find anywhere else. Since Fort Worth homes are even cheaper than Dallas homes, people will rent in Fort Worth and commute to their job in Dallas to save money. 
  3. Job market. The jobs are growing in Fort Worth at more than double the national average. People want to move to Fort Worth and need a place to live. 
  4. Best time to buy. Because the housing market has slowed down a bit and is expected to grow next year, right now is the perfect time to invest. 
  5. Large military base. A big proportion of Fort Worth renters come from members of the military who need a place to live but want flexibility. 
  6. Close to the airport. Fort Worth also has the DFW airport that provides thousands of jobs and another reason for people to want to live in Fort Worth and rent single family homes there. 
  7. Fort Worth is property owner friendly. There are few restrictions on what property owners can put in their lease and Fort Worth single family homes with no code violations don’t have to be registered. 
  8. Diverse market. Fort Worth has everything from small downtown homes to rural and luxury properties. 

The Best Neighborhoods in Fort Worth For Real Estate Investment

If you’re a property owner and looking to invest, Specialized Fort Worth Property Management suggests that you stop waiting until the market crashes. Some people predict that the market is going to crash soon, but there are great deals out there right now and these 10 neighborhoods in Fort Worth have the highest real estate appreciation rates, according to Norada. 

  1. Hemphill St / W Berry St
  2. Hemphill St / W Allen Ave
  3. The College of Saint Thomas More / W Berry St
  4. 8th Ave / W Rosedale St
  5. N Forest Park Blvd / W 7th St
  6. Hemphill St / Pennsylvania Ave
  7. Montgomery St / Bryce Ave
  8. U of North Texas Health Science Center / White Settlement Rd
  9. White Settlement Rd / Foch St
  10. W Vickery Blvd / Clover Ln

Why Choose Specialized Rental Property Management Fort Worth 

At Specialized Property Management Fort Worth, our team of property management experts are the ones to trust. We advise property owners all over Fort Worth and help them manage their rental properties effectively and efficiently. With a 98% customer satisfaction rating, and a #1 listing out of 270 property managers, you can rest assured that your property and tenants will be well taken care of. Some of the services we offer are: 

  • No Hidden Fees
  • Faster Leasing 
  • Effective Tenant Screening
  • Financial Peace of Mind
  • Local Expertise
  • Straightforward Communication
  • Cost-Effective Maintenance

At Specialized Fort Worth Property Management, we live and work locally so we know the best places to invest, are up to date on local laws and regulations, and can help you set the perfect price for rent. Our technology-driven processes save you time, money, and stress. Let us help make your life easier. You invest and we will take care of the rest. Contact us today to learn more about how we can help you maintain your beautiful rental property.

Fort Worth Property Management Company Prepares Tenants for Disasters

You may not think of Texas as a place that is prone to natural disasters, but some common emergencies that you’ll need to be prepared for are tornadoes, hurricanes, and flooding. Even if there hasn’t been a natural disaster in your area for quite a while, these can and do happen all across the state of Texas and it’s important that you are prepared for them. As a Fort Worth property management company, Specialized Property Management knows what you’ll need to plan, prepare, and stay informed in the case of an emergency. Some valuable sources for detailed emergency preparedness information are Emergency.Portal.Texas.Gov and Txready.org. We’ve summarized some of their tips below, such as what to include in your emergency kits and how to create an effective emergency plan, but we encourage you to visit these sites on your own time to learn more. 

Emergency Preparedness Kits

Real estate investing in Fort Worth isn’t just about having a passive income. You’ll need to do much more than that, and one of the most important responsibilities is to make sure that your property is protected from natural disasters and that tenants are ready for emergencies. Preparing a kit to last at least a few days in the case of an emergency is extremely important. You’ll need to teach tenants that having food, water, and other supplies for their family and pets to use until they can find more supplies is crucial. In some cases, they’ll want an emergency preparedness kit to use even while stranded at home, possibly without electricity or water. Once they have everything they need, they can put their kit together in a portable, waterproof container. Some people like to use bins or waterproof backpacks for ease of carrying, especially if they have to evacuate their home on foot. Remind tenants to replace old items as they expire every few months. Specialized Fort Worth Property Management Company suggests including the following items:  

  • Three-day supply of non-perishable food, such as canned or pouched food
  • One gallon of water per day for each person and pet
  • Manual can opener
  • Baby items (baby food, formula, bottles, diapers)
  • Pet supplies
  • First-aid kit
  • Medications
  • Hand sanitizer, wipes
  • Bleach to purify water, mix 1/8 teaspoon per gallon. Stir and let stand for 30 minutes.
  • Toilet paper, paper towels, garbage bags
  • Dental care products (toothpaste, toothbrushes)
  • Hearing and vision products (hearing aids, glasses, contact lenses, contact lens solution)
  • Soaps, personal hygiene supplies, diapers
  • Sunscreen, insect repellent
  • Face masks to filter air
  • Battery-powered radio with extra batteries or crank radio (emergency alert radio is best)
  • Extra cell phone battery and car charger
  • Flashlights and extra batteries
  • Matches and lighter – keep in a waterproof container or sealable plastic bag
  • Whistle
  • Reading glasses and sunglasses

Keep These Items in the Car

You or your tenants may have to leave town in a hurry with only your vehicle. Fort Worth Property Management Company advises that you make sure these items are near or in your car at all times so you can grab them and go: 

  • Road maps
  • Car repair items (tools, spare tire, tire patch kit, oil)
  • Food and water
  • Plastic plates, cups, utensils
  • Tent, blankets, pillows
  • Clothes and sturdy shoes
  • Rain gear and towels
  • Books, games, toys

First-Aid Kit

  • 2 compress dressings (5 x 9 inches)
  • 25 band-aids (different sizes)
  • First-aid tape
  • Antibiotic ointment
  • Hydrocortisone ointment
  • Pain relievers such as aspirin, ibuprofen or acetaminophen
  • Instant cold pack
  • 2 pairs of medical gloves (non-latex)
  • Oral thermometer, scissors, tweezers
  • 2 roller bandages (different widths)
  • 2 elastic bandages
  • 10 sterile gauze pads (different sizes)
  • 2 triangular bandages (for making slings)
  • First-aid instruction booklet

Emergency Documents

After a disaster, the last thing you will want to do is go through the time-consuming hassle of trying to reorder all of the important documents you’ve lost, especially if those documents are about your real estate investing in Fort Worth. Not being able to prove your identity or not being able to access your bank account could be a major hurdle in trying to rebuild your life. Avoid these stressful situations by making copies of your important documents and keeping them in a waterproof bag. Include the following:

  • Current photo IDs, driver licenses, birth records, Social Security cards, passports (always keep your social security number separate from other documents to decrease the risk of identity theft)
  • Current photos of family members, in case you get separated
  • Health insurance and prescription cards
  • Medical records, medications, and dosages
  • Phone numbers (family, friends, doctors)
  • Bank account information
  • Wills
  • Insurance documents (homeowner, renter, flood, life)
  • Property deeds, leases, mortgages
  • Vehicle titles, insurance, leases, loan documents
  • Inventory of household possessions and their value (take photos of every room, every drawer, every closet)
  • Backup computer files on a USB drive
  • Copies of important keys
  • Utility bills (to prove where you live)

Make a Plan

Fort Worth Property Management Company suggests taking the time to practice with your tenants, or have them practice on their own with their family, the following scenarios:

  • Where would we meet if we got separated?
  • How will we communicate if phones are not working?
  • Where should we go if we have to evacuate?
  • What if we have no home to return to?

Making Your Emergency Plan

Use the Emergency Plan Form to create your plan. Record information such as:

  • Birthdates
  • Social Security numbers (Social Security numbers should be kept separately from other information for identity security purposes.)
  • Medical information, including a list of prescription medication and dosages
  • Medical and property insurance information
  • Work and school phone numbers and addresses
  • Emergency contacts
  • A designated evacuation site
  • Telephone numbers of family and friends, including those you use frequently

Making your emergency plan includes preparing what you need to do before, during, and after a disaster, as well as preparing for stress, emotions, and mental health. Once you have a plan written up, keep it in a safe place. Periodically practice your plan with the entire family, so even little children will know what to do. Make sure that everyone has important phone numbers and addresses memorized without using a phone. Additionally, inform everyone in the family of where the emergency preparedness items will be stored so that in the event that a disaster does strike, there is no confusion. The more you practice, the more ready you’ll be in case of emergencies and disasters.

Keeping Your Property and Tenants Safe

As a rental property owner, it’s your responsibility to keep your investment and tenants safe. Specialized Fort Worth Property Management company has over 30 years of experience keeping tenants safe as well as rental properties, but the majority of emergencies we see aren’t life-threatening. In fact, most of the calls we get from tenants are to report maintenance and repair needs, even at 1 am in the morning. We understand that tenants need to be responded to, but we are also experts in laying clear boundaries and expectations from the beginning by including policies in the lease agreement detailing maintenance, non-emergency repairs, and emergency repairs in writing. This way, tenants will know when it is appropriate to contact their Fort Worth property management company and what warrants an emergency phone call. 

The Landlord’s Responsibilities

Texas law states that property management companies must make sure that rental unit conditions are healthy and safe for tenants. Staying on top of local laws and codes will help you know the standard of repair required of you or your property management company. The landlord’s responsibilities if they are self-managing their property are to repair and maintain the following: 

  • Damage caused by natural emergency situations like fire, flooding, and severe storms
  • Leaky roofs
  • Pest control for roaches, rats, mice, and bedbugs
  • Sewer leaks and plumbing problems that create a health-hazardous situation
  • Dangerous exposed or faulty electrical wiring

A Tenant’s Responsibilities

It’s the tenant’s job to report any issues they see before they become major problems. Before trying to fix anything themselves, the tenant should check with their Fort Worth property management company. Other tenant responsibilities include paying rent on time and keeping the property in good condition, free from excessive damage. Tenants should also be aware of all of the natural disaster and emergency preparedness tips above and do all they can to keep their personal valuables safe and protected. 

Real estate investing in Fort Worth involves a lot of hard work, and being prepared for the future is one thing you don’t want to forget to do. Let Specialized Property Management handle the hard work for you by making both landlord and tenant responsibilities clear from the start, enforcing code compliance, and making sure that you and your tenants are prepared for emergencies and natural disasters. When you hire Specialized Property Management, you enlist a team of rental property experts to ensure the success and protection of your real estate investment. Contact us today to learn more about how Specialized Fort Worth Property Management Company can make your life easier as a property owner and help you save time and money.