Reducing Vacancies in Your Fort Worth Rental Property

With a vacant Fort Worth rental property, you’re hurting your return on investment (ROI). A vacancy costs you rental income that you’ll never be able to earn back. Not only is a vacancy expensive, it also puts your property at risk. Without a tenant in place, you can’t be sure that everything is working. A leak that’s left unnoticed for a month can turn into a disaster.

When you do find yourself with a vacancy, you should use the time to make any necessary repairs and cosmetic upgrades. Most turnovers between tenants can take a few days, especially if the property is well-maintained. Avoid longer vacancies, and if you really want to keep your property rented, consider working with an experienced Fort Worth property manager.

There are a few things you can do to prevent a long vacancy period. Read more

How Much Should I Charge in Rent for my Fort Worth Property?


Picking the right rental price for your Fort Worth rental property does not have to be complicated.

Both underpricing and overpricing your home comes with risks. If you charge a price that’s too low, it will mean less monthly income for you. A rental price that’s below market will also make it hard to catch up; you may not be able to raise the rent to market levels until you’re looking for a new tenant.

You don’t want to charge too much, either. You’ll have a hard time renting it quickly to good tenants. A longer vacancy period is a lot more expensive than a lower rental price.

Properly pricing your Fort Worth investment property requires a deep understanding of the local rental market, and a willingness to do some research. There are a few things you can do to ensure you’re pricing your home correctly to attract the best tenants for your propertyRead more

Finding the Best Tenants for Your Fort Worth Property

For Fort Worth landlords and investors, a successful rental experience starts with tenant selection.

A good tenant offers you many things, mostly predictability and profit. You’ll earn a reliable rental income every month, your property will increase in value, and your ROI will steadily grow throughout the tenancy. A bad tenant, however, will lead to problems and expenses. Bad tenants come with risks, including the risk that they won’t pay rent. Bad tenants can also cause property damage or lead you towards evictions, which are expensive and time-consuming.

No one can predict with 100 percent accuracy how a tenant will turn out. However, you can protect yourself and your property with a strategic tenant placement process. Many smart landlords focus on screening.

Take your time and put in the work that’s required to find the best tenant in Fort Worth. If you are struggling with time or resources, hand the process over to a professional property manager. A good property manager will lease your home quickly to a well-qualified tenant, saving you stress and time.

Read more

Positive Cash Flow and Fort Worth Rental Property Management

How can you stay afloat as a landlord when a big expense comes your way? If the AC goes out at your property, it could cost $5,000 to replace. If a tenant stops paying their rent, you will lose several months worth of rental income, plus the legal fees it takes to evict them. No one knows when an emergency will happen, but if you are prepared and have positive cash flow on your rental property, you can make it through any emergency that comes your way.

What is Positive Cash Flow?

Cash flow is simply what you bring in on your rental income minus any costs your property incurs. If your tenant pays $2000 each month in rent and you take out $1500 to pay your mortgage, taxes, maintenance, and any other associated costs, your positive cash flow is $500. When you have positive cash flow you are not only making a larger income; you can be better prepared for emergencies. Your Fort Worth rental property management team can help you figure out the exact numbers for your situation.

How Can You Increase Your Cash Flow?

There are a few key ways you can increase your cash flow.

  1. Tenant qualifications: highly qualified tenants are more likely to keep up with rent payments and take care of the home.
  2. Market rent rates: are you charging enough for rent? Look around your neighborhood to compare what other rentals cost and see if your rental is priced correctly.
  3. Proactive maintenance: large ticket maintenance items like new roofs or appliances will hurt your cash flow. Putting the time and effort into regularly maintaining these items will extend their lives and cost you much less in the long run.

How Fort Worth Rental Property Management Can Help Cash Flow

Many landlords think self-managing will save them money and increase their monthly cash flow. What they don’t take into account is are the complexities that come with property management. Specialized Property Management Fort Worth will help your cash flow by reducing vacancy days, setting the right rental price, scheduling maintenance and inspections, and avoiding costly regulatory fines. To learn more call Specialized Property Management Fort Worth today.

Fort Worth Rental Property Management: How to Pick Flooring

Picking new flooring for your rental home isn’t easy. You need something durable and easy to clean, but with a price point that won’t break your budget. And don’t forget it has to look great so tenants will be more likely to rent your home! Here are some tips from the rental property management Fort Worth trusts for picking new rental home flooring.

Flooring Options

  • Carpet – Carpet is inexpensive; however, you will find yourself replacing carpet more often than other flooring options. In addition, you will need to make sure it is regularly, professionally cleaned. Carpet is a good option for places like bedrooms, but avoid high traffic areas if possible.
  • Tile – Tile is a popular choice and recommended by many individuals in rental property management. Fort Worth landlords like tile because it is low maintenance and durable. Regrouting and sealing are needed periodically, and if a tile breaks you will need to replace it. Otherwise, tile can last a very long time!
  • Vinyl – Vinyl is one of the least expensive flooring materials. It is easy to install and maintain, as well as being durable, which your Fort Worth rental property management knows is important. However, some tenants are turned off by the look of vinyl flooring. If the floor is damaged, you will need to replace the whole surface instead of just a portion (like tile).
  • Wood – Wood flooring is beautiful and a desirable upgrade for most tenants. However, it can expand and contract with the seasons, so professional installation is a must. Refinishing the floor will need to be done periodically, and it is not the most durable choice. It tends to be expensive and harder to maintain, but if it increases your home’s value significantly it can be a good choice!

For Rental Property Management Fort Worth Landlords Trust, Call Specialized!

The Fort Worth rental property management experts at Specialized Property Management can help you decide what flooring is right for your rental home, and your budget. We have the experienced professionals and proven processes it takes to get you a better return on your investment. Give Specialized a call today to learn more about all our services!

Furnace Maintenance Reminder From Your Fort Worth Rental Property Management

With winter weather on the horizon you need to make sure the furnace in your rental home is in good working order. A properly cared for furnace will not only make your rental home comfortable, it will reduce your heating bill and lower your risk of a house fire. According to a report from the National Fire Protection Association, the failure to clean your home’s heating unit is the top contributing factor for house fires. (Source). For the sake of your tenants and your investment, it is worth it to spend a small amount of time cleaning and maintaining your rental home’s furnace.

Furnace Cleaning Checklist

  • Clean or replace your furnace filters at least once a month during the winter. This will not only help your furnace run efficiently and extend its life, it will lower your heating bill.
  • When you transition from air conditioning to heat, be sure to reset the furnace dampers.
  • Oil the bearings around the furnace blower shaft and motor.
  • Check around the unit for any corrosion, worn parts, or fraying belts. If any parts need replacement alert your rental property management. Fort Worth rental home furnace parts should be replaced by professionals.
  • For maximum efficiency and airflow be sure all vents are uncovered and seal any leaky air ducts.

When to hire a professional

Most furnace maintenance requires simply checking and cleaning around the unit, but occasionally you will need to hire a professional. If your furnace is experiencing chronic issues don’t hesitate to call your Fort Worth rental property management for help finding the right person for the job. The professional experienced property managers at Specialized are here to help you any time of day or night. An efficient home can be achieved with regular inspections and maintenance. Call Specialized to hear about all our services!

Protect Your Investment By Hiring Experienced Fort Worth Rental Property Management

Some landlords get into the investment property business because they see friends or neighbors making money. Others start because they couldn’t sell their house when they needed to move. The fact is, whatever way you started, the point is to make money from your business. Paying too much for necessary items such as regular maintenance, or unnecessary luxuries can hurt your bottom line. Unfortunately many landlords put hiring professional rental property management Fort Worth experts in the “unnecessary luxuries” category and their investment is put in jeopardy because of it.

How Professional Property Management Can Help

Think about your professional qualifications. Do you have years of experience in property management? Do you understand the property management cycle and complexities of the business? Do you have the certificates and qualifications some states require of property managers? The professionals at Specialized have all of these qualifications, with references and raving reviews to back us up (not to mention nationwide clientele). We can help protect your investment from the common pitfalls and mistakes that many landlords make.

Where Should Your Money Go?

Managing rental property yourself will cost you time, and time is money. You will need take time away from another job to deal with emergency maintenance calls, needy tenants, or simply keeping up with all the law and codes so you aren’t stuck with a costly violation. When hiring rental property management, Fort Worth landlords need to factor in all the time that is saved by hiring experienced professionals.

Fort Worth rental property management will save you money by avoiding costly mistakes and getting you a better return on your investment. Specialized has been in the business for almost 30 years so you can trust our experienced professionals and proven processes. Call us today to put us to work for you!

How Poor Rental Property Selection Affects Your Profits

rental property management Fort Worth, Fort Worth rental property management

Not all rental homes are created equal. Some are much easier to rent out than others, but how do you choose the right one? Which home will have the shortest vacancy time and bring in a wide variety of eligible applicants? Your rental property management Fort Worth office will have the expertise you need to buy in that specific market, but in the meantime here are a few general ways to pick out the best rental property.

Fort Worth rental property management recommends…

  1. Location, location, location! Where is your property located? Are there good schools, easy access to public transportation, and excellent local amenities? Would YOU want to live there? Safety and amenities are big issues for potential renters.
  2. Municipal regulations make a difference! Managing a property in an area that has heavy regulations can create a significant burden and may not be worth the cost. Check the local regulations before you buy so you know what you are getting into.
  3. HOA rules and fees can be surprising! Don’t be caught off guard by HOA regulations. Some associations even require input on your tenant selection, which could create a delay in renting out your home. Know the rules before you commit to an investment property.
  4. Local rental markets vary! Look for a neighborhood with low vacancy rates, high rent prices, and appreciating home values. Your Specialized Fort Worth rental property management team can help you pull all these statistics.
  5. Buy an attractive home! Stay away from weird layouts, busy streets, and older or smaller homes. Long term, single-family rental homes are easier to rent out if they have 3 or more bedrooms, are over 1000 sq. ft., and have fenced-in yards. Maintenance will be easier and cheaper if the home is less than 15 years old.

Specialized’s Rental Property Management: Fort Worth Experts in Property Selection

When you are ready to purchase an investment property make sure you consult the experts in property selection. With almost 30 years of experience Specialized has what it takes to make your investment a success. Call us today to learn about all the services we offer!