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How Much Should I Charge in Rent for my Fort Worth Property?


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 propertyRead more

Residential Property Management Fort Worth Shares Fireplace and Other Safety Tips

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 AmericaAll 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:

  1. Smoke Alarms and Carbon Monoxide Alarms: these save lives. Make sure they stay attached, and the batteries are working.
  2. Fire Extinguishers: always have at least one fire extinguisher in your rental home, more if the home is large.
  3. 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.
  4. 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.
  5. 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.

5 Reasons Property Management in Fort Worth Recommends Inspections

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.

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.

Tips for Property Property Management in Fort Worth: Rent Your House Faster

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!

    1. Pay attention to your home’s curb appeal.
    2. Add amenities like a washer and dryer or new light fixtures.
    3. Deep clean inside including carpets and air vents
    4. Show your home only after the previous tenants have moved out.
    5. Keep your utilities on and make sure all light bulbs are working.
    6. Touch up paint around the house.
    7. Trim landscaping in front and back of the house.
    8. Show potential tenants the most recent inspection report letting them know the home is safe and up to code.
    9. Make renting easy with an online tenant portal for maintenance tickets and rent payment.
    10. 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!

For Easier Property Management, Ft Worth Landlords Should Provide These Items

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

    1. 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.
    2. 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.
    3. 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.
    4. 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!

Is your rental home at risk for bed bugs?

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!

Halloween Safety Tips from Your Property Management in Fort Worth

Halloween is just around the corner! What can you do as a landlord to ensure your home and tenants are protected? Safety is our number one concern as the industry leading property management. Ft Worth residents can have a safe and fun holiday with these easy tips!

Tips For Your Property

With all the little witches and goblins running around in the dark it is a good idea to make sure your home and the pathways to your door are well lit. Cut back any bushes or branches that may be blocking the path up to your door, and remove any wires or other tripping hazards in your yard. If the property is unoccupied double check that it is locked and secure. Specialized, your property management in Fort Worth, is here to help you with these little tasks before the big day.

Tips For Your Tenant

If it is your tenants responsibility to deal with landscaping remind them to cut back branches and brush, and move any other tripping hazard out of the way. In addition, they should make sure the property is well lit and replace any broken light bulbs. It is an especially good time to remind your tenants about fire safety. Halloween is a prime time to light candles, whether in luminaries, jack-o-lanterns, or as part of other decor. Encourage your tenants to use battery powered candles to cut down on the risk of accidental fires. Finally, if your tenants have pets they should be kept behind closed doors. Many pets get anxious when the door keeps opening and the doorbell keeps ringing.

Your Specialized Team of property management in Fort Worth knows Halloween can be scary, but if you follow these simple safety tips it can be fun and safe for everyone! If you have any questions or concerns don’t hesitate to call Specialized today!

The top property management in Fort Worth recommends getting your home rent-ready before showing

Property management Ft Worth, Property management in Fort Worth

Making improvements to your rental property in between tenants is a great idea. Your rental needs to be functional and clean before any new tenants move in, and it is a good time to tackle bigger projects that might be difficult to do while tenants are living in the space. But what about showing the property while you are still making it ready for new tenants? Your Specialized Team knows that is a risky idea.

Why your home needs to be rent ready before listing

Potential tenants often have a difficult time picturing themselves in the home if the space is dirty or there is construction debris in the way. Your home will attract the most attention immediately after listing, so making sure the home is ready before listing will ensure you get the best kind of attention. An attractive, move-in ready property will be easier to rent out to reliable and qualified tenants.

The Property Management Ft Worth landlords trust can help you!

Here are a few recommendations from Specialized’s expert property managers.

  1. Call Specialized for a free rent-ready checklist so you don’t let anything fall through the cracks when you are preparing your property for tenants.
  2. Make cost-effective repairs by thinking long-term. Not skimping on repairs may save you money down the road. A bigger cost up front may mean less time and money spent in the future repairing or replacing a broken system.
  3. Get the opinion of multiple property management Ft Worth experts before you list. These extra sets of eyes will be able to point out anything that needs attention in the way a tenant might look at the property.
  4. Show your property only after the previous tenant has moved out. Not only is this less frustrating for your current tenant, it will be easier for you to show the house when no one is living there. In addition, you won’t have to worry about the property being dirty or having a weird smell.

When you need help getting your property rent-ready don’t hesitate to call the experts at Specialized. Give us a call today to hear about all our services.

How Much is Your Rental Property Maintenance Costing You?

One of the biggest costs for landlords is home maintenance. Whether it is during a tenant’s stay or in between tenants, regular maintenance is a necessary part of property management in Fort Worth. Many landlords try to put off the costs of maintenance or skip fixing certain things all together thinking their tenants can just live with in your home the way it is. This thinking leads to more costs because things in your home break due to neglect, or tenants move out when you don’t upkeep the property maintained properly. But how do you maintain your property without going broke? Specialized Fort Worth is here to help with 5 keys to cost-effective maintenance ideas.

HOW TO MAINTAIN YOUR PROPERTY WITHOUT BREAKING THE BANK

  1. Prepare the property between tenants, so it meets safety and health standards. Getting your home rent-ready will help you reduce vacancy days.
  2. Plan for maintenance costs by setting aside 1-2 months rent for routine maintenance costs. Your property management in Fort Worth can help you decide exactly how much savings is needed based on the age and condition of your home.
  3. Check proactively for small maintenance issues that could turn into big problems if left too long. Schedule regular inspections and seasonal maintenance, so you can catch problems before they get out of hand.
  4. Respond promptly to tenant maintenance requests to reduce risk and liability and to increasing tenant retention. Your tenant will feel cared for when you respond to their needs in a timely manner.
  5. Reduce your hassles and expense more by relying on Specialized for preferred pricing and discounts. Our network of vendors will help you repair or replace anything in your home at the best price.

RELY ON PROPERTY MANAGEMENT IN FORT WORTH TO SAVE YOU MONEY

Saving money on your property management is easy when you rely on the experts at Specialized. With over 30 years in the business, we know cost-effective maintenance is one of the keys to making your investment a success. Call our office today to learn more about our money saving property management services.