As a real estate agent, you are an expert on property trends and home values in various markets. When the market in an area is turning down, it may make more sense for a homeowner to rent their property for a time instead of selling immediately. As you make this recommendation to a client, you may be asked to take on the management of that property with a tempting offer of some extra income. When management is not your primary skillset and responsibility, property management in Fort Worth TX can actually cut into your bottomline. Teaming together with Specialized, an experienced property management company in Fort Worth, TX, can increase your income as you divide and conquer the workload according to your strengths.
Partnering for Profit
For a client who did not originally intend on getting into rental property investing, the thought of renting can feel overwhelming. But, if you quickly introduce the idea of partnering with property managers in Fort Worth, TX, the renting process is stress-free. If a homeowner is moving out of the area, the property manager is the trusted eyes and ears that keeps the owner informed about the property. The job of a professional management company should only be managing property- this means security for your client’s property. With our real estate agent referral plan, earn that extra income without the daily added workload, and liability that comes with managing property.
Watching Out for Costs
Rental property has financial benefits that comes with financial costs. The financial aspects of renting include cost of advertising for tenants, cost of proper tenant screening, preparing the home for tenants, and making sure the property is complying with rental codes and regulations. The responsibilities that come with property management in Fort Worth, TX can quickly start to cut into your bottomline. As an experienced property management company in Fort Worth, TX, Specialized can help with costs to add greater returns.
Property managers in Fort Worth TX know that rental property comes with liabilities. Tenant-landlord laws are complex, and whether or not you understand the laws doesn’t mean you are exempt from following the laws. Violating codes and regulations can bring costly fines to the owner of the rental property. Specialized has a legal team that knows the laws regarding rental property. Their experience can keep properties within the law and protect homeowners from hefty fines.
Before you learn from the hard knocks of property management in Fort Worth, TX, refer your client to Specialized. You can take advantage of our referral program and your client will have peace of mind with the renting process.