What Does Ft. Worth Property Management Do?

If you’re new to the investment property business, you should consider hiring full-service property management. Ft. Worth landlords who hire property managers tend to get a better return on their investment than those who self-manage. But what exactly does a property management company bring to the table? A full-service company, like Specialized Fort Worth, takes care of everything in the rental cycle while lowering costs and minimizing risks. Let’s take a look at what that means for you.

The Rental Cycle

What is the rental cycle? The rental cycle is everything that happens from your tenants moving in until the end of their lease, then starts over again. A full-service Ft. Worth property management company will take care of everything during the cycle. Moving tenants in and out, inspections, marketing, showing, screening, lease signing, collections, compliance, maintenance, and renewals all fall under this umbrella. Don’t waste your money on a company that does not offer all of these services.

How Can Ft. Worth Property Management Save You Money?

Many first time landlords are unaware of the complexities that come with property management. Instead of riding the steep and expensive learning curve of property management, Ft. Worth landlords should hire knowledgeable and experienced property managers. Years of experience mean a property manager knows how to handle emergencies, avoid costly regulatory fines, steer clear of evictions, and run your property efficiently. Cutting costs without cutting corners will mean your property is more desirable to potential tenants while getting you the best return on your investment.

Property Management Ft. Worth Landlords Trust

Do your research before hiring a full-service property management company. Hire a company that has experience and processes in place to make your investment a success. Make sure you ask what services the company offers, and what you will need to take care of as the property owner. Don’t fall for the promises of a discount company who will often leave you with the bulk of the work, and vulnerable to costly mistakes. To learn more about hiring professional property managers, or to set up a free consultation, call Specialized Property Management today!

New Year’s’ Resolutions for Ft Worth Property Management

Your property can always be improving, and the property management Ft. Worth landlords turn to time and time again is here to help. Try these property management resolutions and discover how a little bit of effort can make a big difference at your rental property.

  1. Small Property Upgrades – Resolve to keep your property looking its best inside and out! Things like curb appeal or an upgraded bathroom require minimal effort but pay off big time when potential tenants see your home.
  2. Stay on Top of Maintenance – Being proactive when it comes to maintenance issues like changing air filters will improve the life and performance of your home’s systems. A small upfront cost can save you thousands in the long term.
  3. Respond Quickly to Tenants – When your tenants have issues, no matter if they are large or small, the best thing you can do as a landlord is to respond quickly. You can lower tenant turnover rates when you respond quickly to tenant requests.
  4. Communicate Clearly With Tenants – As any good Ft Worth property management company can tell you, communication with your tenants is key. Set clear expectations for how the property should be cared for, whose job it is to do certain maintenance jobs, and when you will perform regular maintenance and inspections. 

How a Ft Worth Property Management Company Can Help You Stick to Your Resolutions

If sticking to all your property management resolutions feels like a full-time job, that’s because it is. Owning rental property is a great investment, but if you are inefficient, don’t take good care of your property, or ignore your tenants, you could start losing money. Specialized Property Management Ft Worth can help you stick to your property management resolutions. Our experienced property managers make your home their priority. When you need help getting your home rented quickly, responding to tenant requests, or anything else in between, you can be sure you’re in good hands with Specialized Property Management Ft Worth.  Call Specialized for more information about how a good property manager can help.

FT. WORTH PROPERTY MANAGEMENT TIPS FOR LANDLORDS

How do you make sure your property is earning you money instead of costing you money? Owning rental property isn’t as simple as leasing your property and collecting rent checks. Marketing your home, screening tenants, regular maintenance, and dealing with legal issues are just a few of the problems that will arise when you own investment property. Your investment can quickly take your time and money if you aren’t smart about how you manage it.

PROBLEMS WITH YOUR RENTAL

Even the most seasoned, careful landlords encounter issues now and then. The key to success is how you deal with those problems to keep your costs down and your rent coming in. Do you know how to deal with problem tenants or late payments? What about lease violations, complaints from neighbors, or code violations? Despite careful tenant screening, many landlords also deal with evictions, vandalism, criminal activity, accidents, and even lawsuits. The fact is, many of these issues have nothing to do with your property and everything to do with the personal lives of your tenants. People are unpredictable, and stuff breaks. Your Specialized Team is here to help you with all of these unfortunate situations.

HOW CAN FORT WORTH RESIDENTIAL PROPERTY MANAGEMENT HELP?

The biggest cost landlords encounter is property vacancy. There are three ways to control vacancy costs.

  1. Make your property rent-ready: Complete needed repairs, so your property is able to compete for good tenants.
  2. Budget for maintenance: Don’t be surprised by the regular maintenance costs your home incurs. Be sure to budget at least one and a half months worth of rent per year for maintenance costs.
  3. Respond quickly to maintenance requests: Being responsive to your tenant’s requests will impact how long your tenant will stay. If you fail to fix problems quickly, tenants will look start looking for somewhere else to live, and you will have to deal with the turnover costs.

Specialized is a leading Ft. Worth property management company because we have the experience and resources to help you manage the day-to-day realities of owning investment property. We will help you control vacancy costs to turn your rental into an investment success. Give us a call today to hear about all our services.