Why Single Family Homes are a Wise Investment in Fort Worth

Specialized Property Management started out over 35 years ago, and we went into the property management business with a focus on managing single-family rental properties. At that time, most rentals units were found in multifamily properties like plexes and apartment buildings. Read more

Paying Rent with Specialized Property Management

If you are a new Specialized Property Management resident, we want to welcome you to your new rental home in Fort Worth. We understand how stressful the moving process can be, so we’re hoping to provide you with a little bit of information about how rent is to be paid every month. Following the terms of your lease agreement is an important part of being a responsible tenant. Read more

Guide to Conducting Routine Inspections for your Fort Worth Rental Property

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

Top Mistakes Fort Worth Landlords Must Avoid

Making mistakes with your rental property is easier than you think.

Many new landlords and even experienced investors think managing a property is as easy as finding a tenant and collecting rent. But, owning and operating a rental property is a bit more complex than that, and a lot of expensive mistakes can be made. If you want to have a good experience with your Fort Worth rental property, make sure you can avoid these common errors. Read more

Getting Your Property Rent-Ready in Fort Worth

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

What Types of Fees Can I Expect with a Fort Worth Property Management Company?

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

How to Deal with the Eviction Process in Fort Worth

 

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

Specialized Property Management Partners with Roofstock

Specialized Property Management, a residential rental management firm, has been named as a certified partner of Roofstock, the leading online marketplace for buying and selling  single-family rental homes.

“Our relationship with Roofstock allows us to offer a one-stop solution for investor clients seeking a more predictable, revenue-focused real estate investment strategy,” said Charles Thompson, President of Specialized Property Management. “Roofstock’s AI-driven platform offers rich analytics, market insights and online tools that enable investors to make real estate investing stock-market simple. Their technology integrates with our own property management technology platform to offer investors a high level of performance unseen before in our industry.”

Once an investor purchases a Roofstock home, vetted local property management partners like Specialized care for the property throughout the rental lifecycle to create a worry-free investing experience. This enables buyers to cashflow their investments more quickly, while avoiding the cost and hassle of researching and purchasing homes sight unseen. It also allows them to take advantage of nationwide investment opportunities outside of their local area.

“We are proud to partner with Specialized Property Management as one of our certified property management partners,” said Gary Beasley, CEO & Co-Founder of Roofstock.  “Specialized understands the needs of investors and appreciates the value of technology in providing great service. Together, we offer investors a truly modernized, seamless solution for their single-family rental investments.”

Specialized Property Management is one of the largest and fastest growing real estate management providers with an active ongoing acquisition strategy. The firm provides complete residential property management for homeowners, investors, and institutional funds, including comprehensive leasing, marketing, screening, maintenance, collections, compliance, and rental accounting services.  Its rigorous management protocol is supported by an experienced team and a proprietary technology platform that is pioneering new levels of data-driven performance for single family rental management and investing.

Roofstock is the No. 1 marketplace for buying and selling single-family rental (SFR) homes. The company provides all the resources for investors to buy, own and sell real estate online, including data analytics, property management oversight and other tools. Roofstock’s transparent, innovative marketplace empowers investors to own cash-flowing SFR homes, diversify their investment portfolios and build long-term wealth through real estate. In 2018, Roofstock reached a milestone with $1 billion in transactions closed on its marketplace and continues to expand its footprint, now offering SFRs for sale in 40 markets and 23 states nationwide.

For more information, visit Specialized247.com and Roofstock.com.

DIY vs. Professional Property Management in Fort Worth

The temptation to manage your own investment property is understandable. You probably think you can save money by not paying a management fee every month. Maybe you like to do home improvement projects, and you think you’ll have no problem keeping up with the maintenance and repairs that your property needs.

DIY property management can work for some Fort Worth rental property owners. If you have a lot of time to dedicate to finding tenants, screening applications, managing resident requests, and keeping your home maintained, you might be able to do it successfully. If you’re able to stay up to date on all the laws pertaining to landlord and tenant relationships and behavior, you probably won’t have to worry about lawsuits or complaints. And, if you follow the rental market closely and you understand the local rental rates and tenant pool, you won’t have to worry about losing money on low rents and high vacancy rates as a DIY landlord.

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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