When you want to find the best tenants for your Fort Worth rental property, you need to catch their attention with some great marketing and a positive showing experience. But, before you can advertise your home or let prospective tenants see it, you have to make sure it’s rent-ready. Getting it ready for the rental market means making it clean, functional, and attractive. Read more
Smart investors know that working with a professional Fort Worth property management company can help increase the return that’s earned on their investments. While you’ll need to pay for expert leasing and management services, you can more than make up for those fees with higher rents, better tenants, and lower expenses. The value that you receive when you work with good managers is more than worth the costs you incur. 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
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 property. Read more
It is every property owner’s nightmare call: your property has caught fire. Whether caused by accident, or due to negligence, a house fire is devastating to everyone involved. What can you do for yourself and your tenants to ensure your fireplace and other areas around your rental property are protected against house fires? Below we explore how to reduce your risk of a house fire.
Fireplace Grime and How to Get Rid of It
Let’s face it, Fort Worth doesn’t get too cold in the winter. You may use your home’s fireplace 2-3 times per year. When you don’t use a fireplace regularly, you may think it’s not a big deal if you don’t clean it regularly either. However, your chimney still needs to be cleaned to prevent a chimney fire. The residue that covers the inside of your chimney is called creosote, and it can start to build up after just one fire. According to the Chimney Safety Institute of America “All forms [of creosote] are highly combustible. If it builds up in sufficient quantities – and the internal flue temperature is high enough – the result could be a chimney fire.” To make sure your fireplace doesn’t collect this creosote and catch fire, the Chimney Safety Institute of America and your property management in Fort Worth, recommend a regular chimney inspection.
Inspections are Key
Without a proper inspection from a professional, you are putting your property and your tenants’ lives at risk. That is why the experts in residential property management Fort Worth recommend your rental home fireplace get an inspection at least once every year. A licensed and certified chimney sweep can perform the inspection as well as routine maintenance and any needed repairs. If, for some reason, you are unable to schedule an inspection before the first cold spell, you need to communicate to your tenants that they should hold off on using the fireplace until after the inspection. If you want to learn more about chimney fires, chimney safety, or how to find a certified chimney sweep, visit the Chimney Safety Insitute of America.
Fire Safety in Other Areas
Of course, your fireplace isn’t the only area in your rental property that carries a fire risk. Your regular property inspection should turn up potential hazards if you know what you’re looking for. Here is a list of things your residential property management Fort Worth recommends checking for fire safety:
- Smoke Alarms and Carbon Monoxide Alarms: these save lives. Make sure they stay attached, and the batteries are working.
- Fire Extinguishers: always have at least one fire extinguisher in your rental home, more if the home is large.
- Electrical Safety: make sure all the electrical outlets are up to code, and you have GFCI outlets installed where they are needed. Always hire a licensed electrician to resolve electrical issues.
- Properly Functioning Doors and Windows: if a door or window to the outside won’t open your tenant could be stuck if there is a fire. Make sure all doors and windows open easily, especially if they aren’t used frequently.
- Inspect and Clean Dryer Vent: when your dryer vent is not cleaned regularly, it can store up lint which can easily catch fire. A certified technician can inspect your dryer, clean out lint, and extend the life of your dryer.
Safety is a Priority
Owning rental property is a delicate balance of spending enough money to keep your home nice and your tenants happy, but not too much so you have negative cash flow. Many landlords aren’t sure where to cut corners, and often skip fire safety to save money. However, if you compare the low costs of regular inspections and once a year fireplace sweeps to the high cost of your investment burning to the ground, inspections are more than worth it.
For Better Residential Property Management, Fort Worth Landlords Need Property Managers
Property management in Fort Worth is easier and more successful when you hire professional property managers. A Fort Worth property manager has years of experience you can use to your advantage, including trusted vendors who can take care of any fire safety issues at your property. An experienced property manager will help you cut back on expenses without making costly, and sometimes life-threatening, mistakes. Specialized Property Management Fort Worth has proven processes in place when it comes to leasing, inspections, maintenance, and more. These processes are designed to decrease vacancy days, reduce tenant turnover, and keep your home in great shape. With our residential property management, Fort Worth landlords can cut costs without neglecting the things that matter to their rental property. For more information or to schedule your free rental consultation, call Specialized Property Management Fort Worth today.
Many landlords are satisfied with inspecting their rental property only as part of their tenants move in and move out procedures. Experienced property managers know this thinking is likely to lead to costly and avoidable mistakes. Here are five reasons you should regularly inspect your rental property.
- Proactive Maintenance. Tenants do not always report minor maintenance issues, either preferring to handle it themselves or let them be. The problem with this is that a small issue can quickly turn into a large issue if left alone. You can catch and fix a leaking pipe before it turns into water damage and mold if you inspect the property regularly.
- Lease Compliance. If a tenant has a pet in a no-pet house or is smoking inside when the lease states not to, you have a problem and need to address it. Sometimes these problems are only noticed during an inspection.
- Tenant Communication. Communicating with your tenant is easier when you or your property management in Fort Worth can be physically present on the property. It also signals to your tenant that you care about how they and the property are doing.
- Tenant Behavior. Along with lease compliance, landlords can check in on tenant behavior during inspections. To catch an issue such as criminal activity, negligence, or hoarding, you need to be aware and physically present.
- Safety Concerns. Is your rental property safe to live in? Are there loose screws or buckling carpets? Are there bed bugs or other pests the tenant is unaware of or unwilling to deal with? Are the fire alarms and extinguishers working? These are important safety features to protect your tenants and your property.
How Property Management in Fort Worth Can Help
A full-service property management company will schedule regular inspections for your rental property. The inspector can determine if maintenance needs to be done if your tenants are complying with the lease and if there are any concerns about their behavior or safety. At Specialized Property Management Fort Worth you can view full inspection reports on your online portal, so you are never in the dark about what is going on at your property. To find out more about our property management services, call Specialized Property Management Fort Worth today.
Vacancies are one of the biggest problems rental property owners face. Every day your rental home sits vacant, you are losing money. Some landlords try to offset the cost of vacancy days by cutting corners like not keeping the lights on or letting the landscaping overgrow. What they don’t realize is that not keeping your property looking nice may lead to more vacancy days and attract less desirable tenants. That is why your property management in Fort Worth matters. With the right property management, you can decrease both costs and vacancy days. Here are our top ten tips for renting out your home faster in 2018, so you can get your year started off right!
- Pay attention to your home’s curb appeal.
- Add amenities like a washer and dryer or new light fixtures.
- Deep clean inside including carpets and air vents.
- Show your home only after the previous tenants have moved out.
- Keep your utilities on and make sure all light bulbs are working.
- Touch up paint around the house.
- Trim landscaping in front and back of the house.
- Show potential tenants the most recent inspection report letting them know the home is safe and up to code.
- Make renting easy with an online tenant portal for maintenance tickets and rent payment.
- Hire the right professional property management company.
How Professional Property Management Helps Fort Worth Property Owners
Any experienced property owner can tell you that managing rental property is a full-time job. When you leave small details undone, they can turn into big and costly mistakes. When you hire professional property managers, you can rest easy knowing the professionals are doing everything they can to get your home rented quickly to qualified tenants.
The Specialized Property Management Difference
The team at Specialized Property Management is exactly who you need to help you get a better return on your investment. Our property managers take care of everything: getting your home rent ready, scheduling and performing maintenance and inspections, communicating with tenants, and everything in between. To hear about all our services and schedule a consultation call Specialized Property Management in Fort Worth today!
Specialized, your property management in Fort Worth, knows accidents and emergencies can happen to any tenant at any time. The chances are that ‘any time’ will actually be in the middle of the night. That’s why we think it is a good idea to be prepared. As a landlord, you shouldn’t assume your tenant will buy certain household safety items, so providing them yourself can keep your tenants safe and minimize those middle of the night emergency calls.
4 Items Your Property Management In Fort Worth Recommends
- Rechargeable flashlight: often people don’t think about flashlights until they need one. A flashlight will help your tenant avoid injury during a blackout or check for safety and maintenance issues in dark spaces such as under the sink.
- Plunger: almost every toilet will need to be plunged once in a while. If you provide a plunger, your tenants can do this job themselves instead of calling you to help.
- Fire extinguisher: this item is important not only to protect your property, but also to protect your tenants. A fire extinguisher is a low-cost way to avoid a major emergency.
- Emergency call list: who should your tenant call in case of an emergency? With professional property management, Ft Worth tenants know exactly who to call at any time of day or night. A list like this can be attached to a magnet so your tenant can put it on their fridge for easy access.
Experienced Property Management In Fort Worth
When you hire an experienced property management company, your tenants will always know who to call in case of an emergency. And more importantly, there will always be someone to answer their call, keeping your tenants and your property happy and safe. Specialized is the property management Ft Worth landlords have trusted for almost 30 years. To hear about all our services, give us a call today!
Bed bugs are a common nuisance in apartment complexes and hotels, but is your rental home at risk for bed bugs? The unfortunate truth is that every rental home is likely to get bed bugs at some point, but the better prepared you are the easier it will be to get rid of these pests. Check out these recommendations from your property management in Fort Worth, Specialized, for preventing and treating bed bugs.
Your Property Management in Fort Worth Recommends Prevention
Bed bug treatment starts with these prevention tips:
- Inspect the property regularly and educate everyone on what bed bugs look like and where they live.
- Make sure the home is well sealed.
- Encourage your tenants to get rid of any household clutter and vacuum frequently.
- Be sure you or your tenants check any used piece of furnishing before bringing it into the home.
Treating Bed Bugs
If you are concerned there might be bed bugs in your rental home the first thing you should do is is contact your property management. Ft. Worth landlord trust Specialized Property Management because of our quick and effective response when it comes to issues like bed bugs. If your tenant suspects bed bugs are confined to a small item the tenant should either get rid of or treat that item. Chances are, however, if bed bugs have been introduced into the home they have spread, so the best course of action is to hire professionals to treat the home. Talk to your tenants to include them in this process, and so they know what to expect and how to prevent the pests from returning after treatment.
Trust the Property Management Ft Worth Landlords Love
When you need expert property managers on your side, look to the industry leading property management in Fort Worth. Specialized will help you with every detail, including getting rid of bed bugs. To hear more about our full service property management call our office today!
As one of the top Fort Worth residential property management companies, Specialized helps homeowners reduce costly mistakes that befall many inexperienced landlords. We do this in part because we are familiar with the the most common property management mistakes. We want you to be aware of these mistakes that cost many new landlords time, money, and could end up being the end of their rental investment.
Mistakes to Avoid When Buying and Setting Up Your Property
- Poor rental property selection – location, type, and age of the home are all factors in a good rental property.
- Showing the home too early – potential tenants are put off by the weird sights and smells of an old tenant or a construction zone.
- Long vacancies – the longer the home is vacant the more money you lose!
- Lax tenant qualifications – credit and rental history are a MUST for every tenant you screen.
Mistakes to Avoid After Tenants Have Moved In
- Unpleasant landlord/tenant interactions – unpleasant interactions lead to vacancies. Property managers in Fort Worth are a good go-between so that interactions never become tense between landlords and their tenants.
- Not keeping up with needed maintenance – regular maintenance is a must for the health and happiness of your tenants and your property!
- Inadequate rent collection – always be clear and communicative on rent collection processes with your tenants.
- Regulatory violations – stay current on all regulatory matters to avoid risk.
- Not keeping up with inspections – inspect and evaluate your property regularly. Setting a schedule for these inspections can be helpful.
- Not being proactive with maintenance – spending less now may mean spending more later when you have to replace or do a major repair on your home. Property managers in Fort Worth recommend proactive maintenance.
General Mistakes Landlords Make
- Poor cash flow – be realistic about your cash flow and remember to budget for maintenance issues.
- Hiring unqualified management – slip ups, mistakes, and overlooked inspections can cost you much more than you are saving by going with a “discount” property management company.
Choose the Fort Worth residential property management company trusted by landlords for almost 30 years. Call Specialized today for more information about our services!
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
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Specialized Property Management
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Fort Worth Property Management Blog
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