Fort Worth Property Managers Answer When to Sell vs Rent

When you need to move out of your home, should you sell it or rent it out? Keeping your home as a rental investment can be a great long-term investment plan, but you shouldn’t do it without knowing what you’re getting into. With help from a good property management company, Fort Worth landlords can decide if they want to sell or rent.

Fort Worth Property Managers Say Rent for These Reasons

  1. Equity: if you do not have much equity in your home it might be a good idea to rent it out while you build that equity. This is especially true if home values in your neighborhood are rising.
  2. Rent values: often the rent money you bring in will more than cover your mortgage and other rental-related costs! Look around the neighborhood at what comparable properties are renting out for.
  3. Investment diversity: Your investment portfolio should be diverse, and owning a rental property is one way to diversify. Rental property can be an excellent long-term investment.

Tips From Your Property Management Company, Fort Worth Experts

Even though owning rental property is a great investment, you shouldn’t jump in thinking it will be easy. Being a landlord takes a lot of work, knowledge, and capital. Take these tips from Specialized Property Management into consideration:

  1. Know your local, state, and federal housing laws. Even some HOAs have rules about renting out your home. Make sure you know if any of these rules will hinder your ability to rent out your home.
  2. Make sure you have enough cash. Vacancy days and maintenance are the biggest costs to landlords. Make sure you have enough cash reserved to cover the time it might take to get a tenant in your home. Set aside money each month to cover periodic maintenance issues.
  3. Hire the best Fort Worth property managers. A good property management team will help you make a better return on your investment.

Specialized is the property management company Fort Worth landlords have trusted for almost 30 years because we know the ins and outs of property management. When you are trying to decide if you want to sell or rent out your home, let us help you. To hear more about our services call our office today!

Tips From Your Fort Worth Property Managers: Keep Your Rental Home Safe

The holiday season is upon us which means your tenants will probably be traveling soon. Whether they are gone for one day or one month, you need to make sure your rental home is safe and secure during the vacancy. Your Fort Worth property managers at Specialized can help you talk with your tenants about taking steps for safety during their vacation.

Check Locks

Check the locks on all your doors and window to make sure they are locking property. With a professional property management company, Fort Worth rentals are safer because they undergo regular scheduled maintenance like checking doors and windows for safety.

Look Occupied

Do what you can to make the home look occupied. Ask your tenant to leave a light or radio on, or buy a timer so that lights, television, or radios turn on and off periodically to make it look like someone is home. If your renter will be gone for an extended amount of time suggest they hire a house sitter, or ask a neighbor to drop in every day or so.

Clear Communication With Fort Worth Property Managers

Make sure the communication is clear and open between you, your tenants, and your property managers. Ask your tenants to let you know if they will be out of town. Communication is easier when you hire a professional and experienced property management company. Fort Worth landlords trust the property managers at Specialized in part because our managers know how to communicate with renters effectively.

Hire the Property Management Company Fort Worth Landlords Trust

Chances are you are also traveling this holiday season. When you hire the professionals at Specialized you can relax and enjoy your holiday knowing your home is being taken care of. With our online owner portal you can check in on your rental home from wherever you are. For more information call Specialized Fort Worth today!

How to Save Energy and Money In Your Home

Property Management Fort Worth Recommends Energy Saving Techniques For Renters

Following these energy saving techniques in your rental home is not only good for the environment, it is good for your pocketbook. With just a few simple steps you could save hundreds of dollars per year on your energy bill! Share this list with your landlord to see if they can help or have any more tips to make your home energy efficient.

Our Best Energy Saving Tips

  1. Switch out all light bulbs, or just your the most used ones, for more energy efficient bulbs. Turn off lights every time you leave a room to save even more!
  2. If you need a room air conditioner, compare ENERGY STAR qualified models that use less energy than standard models.
  3. Installing a programmable thermostat will help with your heating and cooling costs because it automatically adjusts the temperature when you are gone or asleep.
  4. Remember that electronics account for a large portion of your household energy costs and they could be using energy even when turned off. To be sure you are not wasting energy unplug power cords when not in use, or use a power switch with an on/off button.
  5. Choose a short shower over taking a bath and you can save gallons of water.
  6. Clean or replace air filters regularly. If you need help with this contact your property managers. Fort Worth rental homes need regular maintenance like this to ensure their homes are clean and up to code.
  7. Use curtains to let sun in during cold weather and keep sun out during hot weather.
  8. Use your washer’s cold water setting whenever possible to save money on heating hot water. Do not overdry your clothes and hang them outside if possible.

Specialized the Property Management Fort Worth Trusts!

Specialized Property Management has the property managers Fort Worth trusts for everything from marketing their home to reducing maintenance and energy costs. Our property managers care about making your investment a success which means keeping costs down while ensuring your rental home is a healthy, clean, and happy place to live. To learn more about our full service property management company call today!

Fort Worth Property Managers Explain Why You Need Realistic Financial Expectations

Owning rental property is a smart investment, but is not for everyone. Unfortunately a lot of landlords get in the game without enough knowledge or capital to keep their new business venture afloat. Even worse, they’ve decided to try and save money by self managing instead of hiring an experienced property management company. Fort Worth landlords should be aware of the potential pitfalls and cash flow problems they may encounter before deciding to invest in real estate. The property management experts at Specialized can help you set realistic expectations so you’re not caught off guard when your rental property hits a bump.

Money Flowing In, Money Flowing Out

Being a landlord obviously isn’t as simple as cashing rent checks. Regular maintenance and planning for emergencies will set you back at least 10% of the monthly rent on your home, and sometimes that number is higher.  If you plan on “breaking even” after you pay fees, your mortgage, and whatever else is due each month you need to reconsider your financial situation. Money may be flowing in from rent checks, but make sure you factor how much will be flowing out so you don’t find yourself underwater. Your Fort Worth property managers can help you determine how much to set aside for maintenance, vacancies, and profit.

Professional Fort Worth Property Managers Will Save You Money

Self management may sound appealing, but most landlords don’t realize they end up losing money when they self manage. Unless you are a professional property manager with years of experience and nothing else vying for your time, it is easy to either let things fall through the cracks or simply be unaware of costly rental pitfalls. Code violations, longer vacancies, and poorly selected tenants are just a few of the common mistakes you can avoid by hiring a property management company. Fort Worth landlords have trusted Specialized for almost 30 years because we know how to make your rental property into a success. We can help you set realistic expectations, so give us a call today!

Do Landlords Need To Perform Regular Property Inspections?

Every good landlord knows it is necessary to have a walk through with your tenants at move in and move out to check for conditions. However, if that is the only time you are evaluating your property, you are setting your property and yourself up for failure. Take it from experienced property managers, Fort Worth rental homes need to be evaluated on a regular basis between move in and move out. Specialized Fort Worth, the property management Fort Worth landlords have trusted for almost 30 years, is here to help you understand why these inspections and evaluations are so important.

Why Property Management Fort Worth Experts Recommend Regular Evaluations

Inspecting your rental home regularly will allow you to check for these things:

  • Lease compliance: bring along a copy of the lease to make sure your tenant is complying with all the terms. Are there pets? Too many occupants? These are things you only know if you walk through the property regularly.
  • Needed maintenance: some tenants won’t mention a problem until it is an emergency. You can save money by catching a problem early and fixing it.
  • Code violations: HOA rules, local codes, and laws vary by area. Make sure your rental home is up to date and complying with all these rules.

Why You Should Set Tenant Expectations

Finally, you need to set tenant expectations early on in their tenancy. Regular inspections should be addressed as part of the lease signing process. Make sure you schedule and notify your tenant in advance of each inspection so they know what to expect. Specialized Fort Worth has a team of expert property managers Fort Worth landlords turn to time and again for help with their properties. Give us a call today to learn about all our services!

How Fort Worth Property Managers can help you Avoid Leasing Delays and Extended Vacancies

Fort Worth property managers, property management company Fort Worth

One of the biggest drains on your cash flow can be leasing delays and extended vacancies. It goes without saying that not having tenants in your home means no rent check coming in. But what can you do to make sure vacancies are as short as possible? Here are some tips from Specialized Fort Worth.

  1. Rent Ready – We can help with the rent-ready process as your property management company. Fort Worth tenants are looking for a place that is professionally cleaned, re-keyed, and up to date functionally and cosmetically before they view it.
  2. Right Price – When your home is priced too high it will dissuade many tenants from looking. However, pricing your home too low will cut your profits. Our local property managers will give your home an expert evaluation to find the best price for your rental.
  3. Marketing – An aggressive marketing plan is something Fort Worth property managers strongly recommend. Posting your property on 20-40 websites, using video tours, and posting high quality images will attract tenants quickly.
  4. Viewing – Most potential tenants want to do a physical walk-through of the property before signing a lease. Your property managers suggest making it easy for tenants to schedule a viewing of the property 24/7.
  5. Screen Applicants – Rigorous applicant screening including credit, background, employment, and rental history will all help you avoid problem tenants and issues down the road.
  6. Extended Leases – If your current lease expires at an inactive time during the rental season, consider extending it so it comes up for rent during the active season.

Keep Your Tenants Happy

We are the property management company Fort Worth landlords have trusted for almost 30 years because we know the most important piece to making your investment a success: keep your tenants happy! The number one reason tenants move out is poor service. Responding promptly and respectfully to tenant requests makes a huge difference when the time comes to renew.

Choose the Right Fort Worth Property Managers

The right Fort Worth property managers can make all the difference when it comes to shorter vacancies. Go with the industry leading property management company and let us help you get your property leased today. Call Specialized Fort Worth to learn more about our services!

WHY SHOULD YOU HIRE FORT WORTH PROPERTY MANAGERS?

If you own an investment property you may be wondering, what can an Fort Worth property management company do for you? Will hiring property managers help or hurt your bottom line? As an investor, you want to be sure you’re getting a good return on your investment. Specialized is here to show you how hiring a property manager is an affordable and reliable way to take care of your rental home and get a better return.

WHAT DOES FORT WORTH PROPERTY MANAGEMENT DO?

Specialized is a full-service property management company, meaning we take care of every aspect of your rental property. Our Fort Worth property managers ensure the best performance in every facet of property management. We are here for the day-to-day hassles like marketing, leasing, maintenance, and accounting. You can also rely on us for the once in awhile tasks like collections, evictions, inspections, and compliance. We’ve been in the business for over 30 years. All that time has given us the experience needed to turn your investment property into a success.

HOW CAN FORT WORTH PROPERTY MANAGERS GET YOU A BETTER RETURN?

At Specialized we pride ourselves on being an affordable and reliable property management company. Vacancy days are one of the biggest costs associated with owning rental property. With our experienced team and proven processes, your home will lease faster, so you can reduce the number of days it sits vacant. Our Fort Worth property management also reduces turnover by placing reliable tenants and being available 24/7 for any tenant emergency. We will save you money on costs by avoiding expensive mistakes and performing regular maintenance to ensure the longevity of your home’s systems. Thousands of investors around the country rely on us because of our professionalism, experience, and reliability. To start getting a better return on your investment, give us a call today.

FORT WORTH PROPERTY MANAGERS SHARE FALL MAINTENANCE REMINDERS

Fall is almost here. Specialized, the property management company Fort Worth landlords have trusted for over 30 years, wants to share a few seasonal maintenance reminders. When you are proactive about maintaining your home, you keep your  property value high and protect your tenants. Costly repairs can be avoided through low-hassle, low-cost seasonal maintenance.

FOUR SERVICES FORT WORTH PROPERTY MANAGERS RECOMMEND

  1. Heating, Ventilation, and Air Conditioning Maintenance
    This maintenance is key to preserving the life of your cooling and heating systems. With proper upkeep, you can avoid costly repairs that arise from neglect. Simple maintenance of these systems includes: making sure your heating system is in good working order, replacing filters, and cleaning airway buildup. Also, bleeding radiators, covering outdoor AC units, checking basement humidity, and cleaning humidifiers and dehumidifiers should be done when applicable.
  2. Property Inspections
    Fall is a great time to schedule your regular property inspection. These inspections should be used to check the home inside and out. Fort Worth property managers also use regular inspections to ensure lease compliance and check for needed repairs.
  3. Landscaping
    Proper landscaping maintenance will preserve your property value. This can include tasks like fertilization and pruning. It is also important to remove or trim any plants or roots that come in contact with and could damage your rental property.
  4. Chimney Sweep
    If your rental property has a wood-burning appliance or fireplace, our Fort Worth property managers suggest you regularly clean and inspect them. Sweeping the chimney, inspecting its condition, and removing any obstructions will ensure the safety of your home and your tenants.

HOW TO PROTECT YOUR INVESTMENT PROPERTY

Protect your investment property with Specialized, the leading property management company. Fort Worth landlords can rest easy knowing their rental homes are being cared for and protected with our experienced team and proven processes. Give us a call today to schedule your seasonal maintenance.