Question # 1
How do you find a tenant?

We utilize many resources when marketing your property.  From a sign in the yard, to the MLS, to our internet campaigns, to good old fashioned networking, we expose your property to as many prospects as possible.  We have a loyal following of tenants, and a good reputation.  Some of our tenants have enjoyed leasing from us so much that they refuse to rent from another landlord!

Question # 2
How do you qualify a tenant?

  This is why we are the best management company in the DFW area.  Period!  It's our strongest advantage over our competitors, and one of our most advantageous to you.  This is such a vital key to success, but it's importance is sometimes overlooked with new or inexperienced landlords.  Please see our blog on how a quality tenant can make or break you.

 We do a multitude of checks including: Credit, Criminal, Utility, Reverse Phone, Tax Records, Landlord History, and Employment.  As always, we follow the guidelines provided by Texas Landlord/Tenant law.

Question # 3
How do you determine the rent price for my property?

  We do a comprehensive search of similar properties in your community. We compare like properties and included amenities side by side with your home. Based on our knowledge and experience with communities in the Metroplex, we're able to determine the right price that will help your home to rent quickly while maximizing income.

 
Question # 4
How long will it take to find a tenant for my property?

  There are many factors that contribute to a property's value.  Price, location, and condition of the home play the largest role, . It is difficult to say that your home will rent in a specific timeframe but if your property is in good condition, in a good neighborhood and priced right, it should rent quickly. A typical home will rent in 30 days on average. It could rent in less than a day, or it may take longer.

Question # 5
I'm having trouble selling my house!  Is leasing a good decision?

We believe there are at least 5 main benefits in leasing property.
  1. -Income:  Instead of paying a house note, you can receive a nice check each month!
  2. -Equity Buildup:  The tenant pays your mortgage for you! 
  3. -Tax Savings:  Investment property often provides a tax shelter with deductions and depreciation!
  4. -Effect of Inflation: This effect is often overlooked in real estate analysis...However, with a lot of current economic uncertainty and potential inflation, this benefit deserves a hard look.  As inflation occurs, the relative cost of your mortgage decreases while rents can be rising.  The result is more cash flow each month to you, the owner.
  5. -Appreciation: Although there may be market "corrections" and short intervals of price stagnation or reduction, the sustained long term trend of real estate appreciation is overwhelmingly positive. 

Question # 6
How is maintenance handled?

  We have staff maintenance personnel on call 24-7-365.  Our crews can build a home from the ground up, and can easily repair anything in between.  We also have solid relationships with quality contractors, and we utilize them as necessary.  However, we can work with any vendor you prefer.  For example, if you have a favorite plumber or groundskeeper, we can use them.

  When a tenant has a maintenance request, we will inspect the problem and provide a quote.  If the cost is more than your specified limit, we will verify your approval before beginning any work.  If there is an emergency maintenance issue, we will handle the situation immediately.  These issues typically require fast approval to prevent further loss, and you may not be notified until the following business day.

Question # 7
What if I decide to sell my house?

  In Texas, to be a property manager, you must be a licensed real estate broker, which of course, we are.  Not only this, but we are also Realtors and members of the North Texas, Waco, and Austin area MLS's.  We are able to sell homes in any of these areas, and owners who utilize our management services are offered our quality brokerage services at a discount!

Conversely, unlike many management companies, we don't require you to use us as your selling Broker.  You are free to use us, or any Broker that you want, with no extra fees! 

Question # 8
How long are the Management Agreements?  Lease Agreements?

  Both our Management Agreements and Lease Agreements are for 1 year.  The majority of our tenants renew their leases, and stay 2-3 years on average.  This is mainly due to our careful screening process...we look for stable, long term tenants, as this is the key to leasing success.

Question # 9
What should I look for in a Management Company?

  Honesty.  Experience.  Knowledge.  Your management company is charged with protecting a very valuable asset, accounting for a substantial amount of income, dealing with contractors and tenant problems, guarding the owner from liability, staying up to date on city and state safety codes, and on and on.  We have been doing this for well over 25 years.  There are a hundred mistakes a less experienced company can make that will cost you time and money. 

Question # 10
You guys do a lot!  What does all of this cost?

  Our Standard Management fee is 10%.  However, each house is different, so we offer discounts up to 50% according to area and condition.  Please email us for an quick and accurate quote for your property. 

  We do not EVER charge vacancy fees, consultation, eviction representation, for copies of leases, mileage, time, etc.  We believe this should be covered in a management fee.