Inspecting your Fort Worth rental property will help you keep it well-maintained and ensure your tenants are following the terms of the lease. There are a few specific times when inspections are critical. Before a tenant moves in and after a tenant moves out, you’ll need to inspect the property and document the condition. It’s also important to get inside the property to take a look around at least once during a tenancy. Driving by the home once in a while without going inside can also give you an idea of whether your tenants are taking care of the property the way you expect them to. Read more
The best way to handle evictions in Fort Worth is to avoid them. They don’t work out for anyone, and unless you know what you’re doing, they can be expensive and time-consuming. You want to reduce the chances you’ll have to evict by screening tenants thoroughly, enforcing your lease, and keeping the lines of communication open with your tenants at all time. Read more
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
Methamphetamine is commonly produced and used in every part of the country. Meth use, according to the CDC, causes thousands of deaths each year from overdose. If your home is being used to create meth, this could lead to serious legal issues for your tenants and costly clean up at the property.
Meth Contamination Red Flags
With a professional property management company, Fort Worth landlords will be alerted to meth contamination red flags and be able to view inspection reports and pictures from their property. Here are some things to look for if you are worried about your tenants engaging in this illegal activity.
- Empty chemical containers: to cook meth, producers need a large supply of a few household chemicals and medicine such as decongestants, iodine, sulfuric acid, hydrogen peroxide, paint thinner, lye, freon, phosphoric acid, acetone, and ammonia.
- Chemical smell: if you or any neighbors notice a strong chemical smell that could be a sign your tenant is cooking meth.
- Meth lab equipment: certain equipment is used to make meth. If you notice rubber hosing, glass containers, fuel canisters, propane tanks, pressurized cylinders, or respiratory masks you should investigate further.
- Security system, trash, and unusual activity: if your tenant seems to act strangely with no explanation, such as installing a security system without asking, creating a large amount of trash, or becoming especially active at night, these are also red flags.
What a Property Management Company, Fort Worth Landlords, and Neighbors Can Do
If you suspect your rental home, or your neighbor’s home, has become contaminated by meth, report it to the police immediately. Cooking meth contaminates an area so that it remains hazardous even after it is vacated and no longer used to cook. Only a trained professional should enter the property. Without proper training, an inexperienced person could do more harm than good by trying to assess the problem or clean it up themselves. As a landlord, you are required to pay for the cleanup and cannot rent out the home until it is given a clean bill of health from the government. To learn more about how a professional property management company can help, or set up a free rental consultation, call Specialized Property Management Fort Worth today.
Evictions can cost you a lot as a landlord in both time and money. Unfortunately, even the best landlords are not immune to evicting tenants. But being smart and careful means you can avoid them when possible. Specialized Property Management Fort Worth is here to help you avoid evictions this year and get a better return on your rental property investment.
Five Ways To Avoid Evictions
With a quality property management company, Fort Worth landlords are already on their way to avoiding evictions. Here are five more tips for avoiding evictions:
- Have strict tenant qualifications in place.
- Set clear tenant expectations, so there is no confusion.
- Act quickly with collections.
- Be respectful and responsive when interacting with your tenants.
- Act quickly if an eviction looks like a possibility.
Can Professional Property Management Help Avoid Evictions?
Avoiding evictions means staying on top of every aspect of property management. When hiring a trusted professional property management company, landlords can rest easy and know evictions are less likely. A well-cared for home will attract quality tenants. Staying on top of maintenance, even small things like changing air filters, signals to your tenants that you care for your home and they should too. Clear and open communication will help you avoid confusion and mistakes. Experienced property managers will take care of all these details for you.
Finding the Right Property Management Company
When hiring a full-service professional property management company, Fort Worth landlords can relax and know their property is in good hands. The experienced property managers at Specialized Property Management know how to communicate respectfully and efficiently with tenants, so they always feel heard. Our proven processes will ensure nothing is left undone. We have the knowledge and experience necessary to turn your investment into a success. For more information call Specialized Property Management Fort Worth today!
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
- 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.
- 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.
- 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:
- 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.
- 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.
- 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!
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 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.
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!
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!
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.
- 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.
- 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.
- 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.
- 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.
- Screen Applicants – Rigorous applicant screening including credit, background, employment, and rental history will all help you avoid problem tenants and issues down the road.
- 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!
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
- 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.
- 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.
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.
- 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.
YOUR SPECIALIZED OFFICES
Fort Worth, TX 76116
Fax: (817) 377-1201
Dallas, TX 75240
Fax: (214) 296-9380
Dallas Property Management
San Antonio, TX 78232
Fax: (210) 477-3600
San Antonio Property Management
For more information on Specialized Property Management, visit Specialized247.com
CITIES WE SERVE
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Fort Worth Property Management Blog
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