Property owners think about the homes they own as a business investment. So focused on the possible profit and benefits of owning a home and renting it out, they often lose sight of the potential risks involved. Every investment that promises reward comes with its own risk. That’s why it’s important to beware of the potential for things to get scary. This Halloween, don’t let spooky mishaps and haunting management mistakes get in the way of your fun. Take advantage of your local Fort Worth rental property management. At Specialized Fort Worth, we handle every issue for you so you don’t have to worry and your investment stays protected.
Scary Landlord Stories are Everywhere
As soon as you decided to invest in real estate, you probably heard all the ghoulish tales. “My tenant completely destroyed my home” or “I didn’t know about the local regulations and was unexpectedly fined!” Or perhaps you’ve fallen prey to your own scary stories with your experiences as a tenant, facing awkward encounters with your landlord and not getting the maintenance your home needed right away. These stories are well known in the real estate industry and one of the big reasons why many hesitate to invest. Some, though they’ve heard the stories time and again, are sure that these nightmares won’t happen to them and don’t take advantage of necessary Fort Worth property management services. Be prepared this Halloween by becoming informed on all the reasons why property management companies, especially Specialized Fort Worth, can protect you. Very first on the list of things not to do when you get started as a property owner is to assume that you’ve got it all figured out.
The Advantages of a Fort Worth Rental Property Management Company
Property owners who think they know the ins and outs of real estate, even if they have done their research, are most likely still missing a few things. It takes years and years of experience managing properties and being on top of the constantly changing local and federal housing laws and regulations to really understand the Fort Worth rental property management cycle and the complexities that go along with the business. Certificates and qualifications are required of property managers in some states and small mishaps can lead to costly fines. At Specialized Fort Worth, our extremely experienced team of experts have all of these qualifications, with references and raving reviews to back us up (not to mention a diverse clientele all across the nation). Trusting us with your property can protect you from the horrors of realizing that you don’t have the experience, qualifications, know-how, or time to self-manage your property.
Save Time and Money
Making money is one of the greatest benefits to owning a rental property and can easily become the focus of your endeavors. Wanting to make money can lead to the mistake of not spending it where you should. Many people think of Fort Worth rental property management as a luxury that they don’t need, when in fact, taking advantage of Specialized Fort Worth’s property management services will save you money in the long run. Trying to self manage your property will cost you a lot more time than you think. Taking time away from another job to handle emergency maintenance calls, tenant complaints, or keeping up with all the codes and laws costs money. Every minute of your time is worth something, and if you could be spending that time focusing on what’s most important while letting your trusted property management company handle the little details, you could be saving money. Consider how much time you spend self managing your property and compare it with how much hiring a Fort Worth rental property management company would cost and you’ll quickly discover that it’s worth it.
What the Wrong Tenant Could Cost You
Tenants paying their rent on time vs. those who don’t can be the difference in how successful you are as a property owner. Those who consistently pay their rent provide you with steady income, meaning that finding tenants who are responsible and financially able is crucial to your future financial success. It’s easy to hope and assume that every tenant will be reliable and your rapid success will quickly ensue, but it’s just not the case. The reality is that many landlords don’t take their time finding a tenant they can trust because they’re in a hurry to get their property occupied and start making money. Tenants are also more able than ever before to falsify documents or appear more creditworthy than they are, just by using widely available technology. Specialized Fort Worth’s property management services include a thorough screening process that identifies these issues and saves you from the terror of not getting paid consistently and potentially dealing with dreadful eviction issues. When a tenant fails to pay, you quickly lose profits. For example:
- Tenant failing to pay rent for one month: $1,500
- Tenant staying throughout the eviction process: $750
- Repairing damage to your home: $1750
- Solving eviction through court: $1,000
- Re-marketing your home and finding a new tenant: $2,250
As you can see, the out of pocket costs for you can total over $7000 just because your tenant wasn’t screened properly or falsified information without you detecting it. When compared to the monthly fee for Fort Worth rental property management, homeowners save money by hiring Specialized Fort Worth to perform the tenant screening process and find the tenants who are most likely to pay their rent on time and consistently as well as continue their contract, decreasing your overall vacancies.
What’s Your Price for Peace of Mind?
Property owner responsibilities can mess with your head and personal life, taking up your physical time as well as your mental energy. Only you can determine the price of your personal peace of mind, but consider how much of yourself you really want to devote to your property. Hiring Specialized Fort Worth’s property management services can give you back your peace of mind by taking on the daily hassles and stresses that become mental burdens. Your personal comfort and convenience are free when you consider what Specialized Fort Worth can save you in vacancy costs, property maintenance, tenant duties, legal fees, and more. Some examples of common renter complaints we can handle for you are:
- “I want my security deposit. Now!”
- “Fix this. Now!”
- “It’s still broken.”
- “My neighbors are so _____!”
- “The internet is slow!”
- “I’ve already called you 20 times!”
- “You expect me to pay the utilities?”
With Specialized Fort Worth rental property management, you no longer have to occupy your time answering complaints and questions. We take care of everything for you and do it right the first time to help you avoid costly fees from little mistakes. If you’re not sure where your responsibilities as a property owner end and ours as a property management company begin, we’ll let you know. We believe in being transparent and communicating openly and often to make sure that we are on the same page and managing your property in the most effective way possible.
Prepare for the Worst
Though we all go into any investment with certain expectations and hopes for a high reward, it’s safer to expect the worst and be right or pleasantly surprised. With over 30 years of experience in the property management industry, Specialized Fort Worth rental property management knows that the worst will happen, and we won’t be surprised when it does. Our proven systems and expertise will prevent most of the negative experiences and help solve any unexpected ones. When you partner with us, you protect your investment and don’t have to worry about any scary surprised. Specialized Fort Worth property management services include:
- Finding and screening reliable tenants
- Showing and leasing your property
- Performing maintenance and regular inspections
- Corresponding with tenants and collecting rent
- Ensuring curb appeal and managing marketing
- Staying up to date on rental and leasing laws and regulations
- Communicating weekly updates during the leasing process
- Providing detailed monthly reports and year-end tax statements
Specialized Fort Worth Property Management Services
With our list of services, the advantages are obvious. Spending money on a property management company now will be worth it in the end. You’ll start seeing the peace of mind benefits right away and soon after, realize how much money you are starting to save, just by trusting the experts with your property. Rather than try to do it all on your own, let Specialized Fort Worth rental property management take care of the details and get it right the first time. We believe that truly professional management should actually shield owners from the common stresses of rental property ownership, and that you should never have to settle for less. That’s why we back our service with THE SEVEN SPECIALIZED GUARANTEES—seven serious commitments we stand by so our clients enjoy greater peace of mind that no one else can offer. No other company can offer what we do at such an affordable price. Trust us with your property for complete peace of mind. Give us a call today to find out more about how we can help with your properties and increase your return on investment.