Low-Maintenance Landscaping in Fort Worth Residential Property Management

While leases can differ as to who is responsible for lawn care, you as a landlord need to make sure your rental home is well-maintained and looking its best at all times. You can make things easier for yourself and your tenants by planting or installing low maintenance landscaping features around the home.

Patios, Decks, and Walkways

Installing walkways, patios, or decks is a great low-maintenance way to design your landscaping. No watering, weeding, or mowing required! Additionally, many tenants will enjoy having a large outdoor space where they can put outdoor furniture for entertaining. Contact your Fort Worth residential property management to find out if there are any landscape design vendors they partner with.

Drought-Tolerant Landscaping

You may have heard of drought-tolerant landscaping, xeriscaping, or smart-scaping. They are all terms for a type of gardening that reduces or eliminates the need for watering. It doesn’t always mean planting cactus and spreading rocks as some people think. Check with your local garden center for help identifying native plants that are drought resistant. An agave plant or a Texas sage is a good place to start. Invest in mulch or other ground covering that will keep water from evaporating too quickly.

Provide Your Tenants With Tools

If your lease states it is the tenant’s job to keep up with the landscaping, consider providing the tools for them. Your tenant will be much more likely to keep up with gardening and mowing if they don’t have to purchase any tools themselves. If you want the grass to stay nice and green, consider installing a sprinkler system to make it even easier for your tenant.

Careful Planning and Good Management

With careful planning, your rental property can look good year round with minimal effort. Regular inspections should be performed to make sure your tenant is keeping up with landscaping duties specified in the lease. A good Fort Worth residential property management company schedules and carries out inspections as well as proactive maintenance to make sure your property is always looking its best. Specialized Property Management Fort Worth has years of experience and proven processes to help you. Call us today to schedule a consultation and learn about all the services we provide.

8 Hidden Costs of Self-Managing by Fort Worth Property Management Company

What are the pros and cons of self-managing your rental property? One of the most apparent pros is saving money by not paying a professional property management company. But do you save money when you self-manage your rental property? Did you know many property owners spend more when they self-manage? Specialized Property Management Fort Worth is here to fix that; we want you to make the best return possible on your rental investment.

8 Hidden Costs of Self-Managing

Your Fort Worth property management company want you to be aware of these common self-management pitfalls landlords can fall into.

  1. Renting to under-qualified tenants.
  2. Letting small maintenance problems turn into costly issues.
  3. Running into legal actions as a result of not knowing housing laws.
  4. Not understanding landlord responsibilities.
  5. Paying retail prices for repairs and equipment.
  6. Dealing too emotionally with tenants leading to possible vacancies or evictions.
  7. Losing money by not pricing your rental correctly.
  8. Not having efficient processes in place for rent collection, maintenance, and inspections.

Hiring the Right Fort Worth Company

Now that you know the hidden costs of self-managing, how do you find the right property management company? Do your research on each company in your area to find out what services they offer. If you are going to spend money on a property management company you need to be sure they will take care of every last detail. Some management companies promise low rates but don’t perform all the services you need. Pick a company with local experts. Finally, find a Fort Worth property management company with trustworthy vendor connections, so you never have to pay retail prices for repairs and equipment.

The Specialized Property Management Fort Worth Difference

Specialized Property Management Fort Worth is a full-service property management company with a team of experts who can turn your investment into a success. With years of experience, connections in the business, and proven processes you know you can trust our property managers to take care of your rental property from A to Z. And you may be surprised at how much money you save by hiring professionals who cut costs without cutting corners. To hear about all the services we offer and schedule a free rental consultation call Specialized Property Management Fort Worth today!

Positive Cash Flow and Fort Worth Rental Property Management

How can you stay afloat as a landlord when a big expense comes your way? If the AC goes out at your property, it could cost $5,000 to replace. If a tenant stops paying their rent, you will lose several months worth of rental income, plus the legal fees it takes to evict them. No one knows when an emergency will happen, but if you are prepared and have positive cash flow on your rental property, you can make it through any emergency that comes your way.

What is Positive Cash Flow?

Cash flow is simply what you bring in on your rental income minus any costs your property incurs. If your tenant pays $2000 each month in rent and you take out $1500 to pay your mortgage, taxes, maintenance, and any other associated costs, your positive cash flow is $500. When you have positive cash flow you are not only making a larger income; you can be better prepared for emergencies. Your Fort Worth rental property management team can help you figure out the exact numbers for your situation.

How Can You Increase Your Cash Flow?

There are a few key ways you can increase your cash flow.

  1. Tenant qualifications: highly qualified tenants are more likely to keep up with rent payments and take care of the home.
  2. Market rent rates: are you charging enough for rent? Look around your neighborhood to compare what other rentals cost and see if your rental is priced correctly.
  3. Proactive maintenance: large ticket maintenance items like new roofs or appliances will hurt your cash flow. Putting the time and effort into regularly maintaining these items will extend their lives and cost you much less in the long run.

How Fort Worth Rental Property Management Can Help Cash Flow

Many landlords think self-managing will save them money and increase their monthly cash flow. What they don’t take into account is are the complexities that come with property management. Specialized Property Management Fort Worth will help your cash flow by reducing vacancy days, setting the right rental price, scheduling maintenance and inspections, and avoiding costly regulatory fines. To learn more call Specialized Property Management Fort Worth today.

7 Things You Should Never Do in Rental Property Management Fort Worth TX

Being a landlord is about more than putting a “For Rent” sign in your yard and collecting rent checks. Owning rental property is a full-time job and not treating it that way can put your investment at risk. Making sure your rental home and your tenants are safe and happy should be a priority. This list of “Landlord Don’ts” are just a few of the things to remember if you want to be a proactive landlord.

Don’t Do These Things

  1. Don’t forget about housing laws. Breaking a housing law can land you in serious legal trouble.
  2. Don’t put off maintenance. Keep your home and tenants happy and safe.
  3. Don’t get emotional about your property. Your rental property is a business; you should treat it exactly like one.
  4. Don’t try to self-manage. With professional rental property management, Fort Worth TX landlords avoid costly mistakes and get a better return on their investment.
  5. Don’t be disrespectful to your tenants. Keep open and respectful communication to reduce turnover.
  6. Don’t ignore housing regulations. Stay up to date with all the regulations to avoid costly fines.
  7. Don’t forget to set aside money each month for repairs. Every property needs regular repairs, make sure you budget accordingly.

Professional Rental Property Management Fort Worth TX Helps Landlords

Many first time landlords don’t realize the complexities of managing a rental property. This list of don’ts is only the beginning of things you must remember if you want to make a good return on your investment. Managing rental property is a full-time job even when things are going smoothly. The professionals at Specialized Property Management Fort Worth have the experience you can count on to make your investment a success, so you don’t have to worry about anything. To learn more about our services and schedule a consultation give Specialized Property Management Fort Worth a call today.

5 Ways to Avoid an Eviction in 2018 by Property Management Company, Fort Worth

Evictions can cost you a lot as a landlord in both time and money. Unfortunately, even the best landlords are not immune to evicting tenants. But being smart and careful means you can avoid them when possible. Specialized Property Management Fort Worth is here to help you avoid evictions this year and get a better return on your rental property investment.

Five Ways To Avoid Evictions

With a quality property management company, Fort Worth landlords are already on their way to avoiding evictions. Here are five more tips for avoiding evictions:

  1. Have strict tenant qualifications in place.
  2. Set clear tenant expectations, so there is no confusion.
  3. Act quickly with collections.
  4. Be respectful and responsive when interacting with your tenants.
  5. Act quickly if an eviction looks like a possibility.

Can Professional Property Management Help Avoid Evictions?

Avoiding evictions means staying on top of every aspect of property management. When hiring a trusted  professional property management company, landlords can rest easy and know evictions are less likely.  A well-cared for home will attract quality tenants. Staying on top of maintenance, even small things like changing air filters, signals to your tenants that you care for your home and they should too. Clear and open communication will help you avoid confusion and mistakes. Experienced property managers will take care of all these details for you.

Finding the Right Property Management Company

When hiring a full-service professional property management company, Fort Worth landlords can relax and know their property is in good hands. The experienced property managers at Specialized Property Management know how to communicate respectfully and efficiently with tenants, so they always feel heard. Our proven processes will ensure nothing is left undone. We have the knowledge and experience necessary to turn your investment into a success. For more information 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!

New Year’s’ Resolutions for Ft Worth Property Management

Your property can always be improving, and the property management Ft. Worth landlords turn to time and time again is here to help. Try these property management resolutions and discover how a little bit of effort can make a big difference at your rental property.

  1. Small Property Upgrades – Resolve to keep your property looking its best inside and out! Things like curb appeal or an upgraded bathroom require minimal effort but pay off big time when potential tenants see your home.
  2. Stay on Top of Maintenance – Being proactive when it comes to maintenance issues like changing air filters will improve the life and performance of your home’s systems. A small upfront cost can save you thousands in the long term.
  3. Respond Quickly to Tenants – When your tenants have issues, no matter if they are large or small, the best thing you can do as a landlord is to respond quickly. You can lower tenant turnover rates when you respond quickly to tenant requests.
  4. Communicate Clearly With Tenants – As any good Ft Worth property management company can tell you, communication with your tenants is key. Set clear expectations for how the property should be cared for, whose job it is to do certain maintenance jobs, and when you will perform regular maintenance and inspections. 

How a Ft Worth Property Management Company Can Help You Stick to Your Resolutions

If sticking to all your property management resolutions feels like a full-time job, that’s because it is. Owning rental property is a great investment, but if you are inefficient, don’t take good care of your property, or ignore your tenants, you could start losing money. Specialized Property Management Ft Worth can help you stick to your property management resolutions. Our experienced property managers make your home their priority. When you need help getting your home rented quickly, responding to tenant requests, or anything else in between, you can be sure you’re in good hands with Specialized Property Management Ft Worth.  Call Specialized for more information about how a good property manager can help.

Arlington Residential Property Management: Dallas Market is Growing Fast!

As the top Arlington property management company, Specialized Property Management is dedicated to staying updated on housing trends to serve you better. A Metrostudy report recently found the Dallas-Fort Worth housing market is the top new home market in the country. Dallas-Fort Worth earns this distinction despite rising home costs nationwide that are driving down home purchases. On the other side, rents are rising, and the millennial generation is renting longer than previous generations. What does that mean for landlords and Arlington residential property management? With an abundance of homes at reasonable prices and more renters on the market, Dallas-Fort Worth and the surrounding areas are great places to buy rental property.

Arlington Property Management Company Sees Rise in Renters

The rise in renters, as noted by Forbes in a recent report, is important for landlords. With freedom and flexibility as top priorities among the millennial generation, many people see renting as the no-strings-attached way to live. It is easier to pack up and move across the country if you do not have a mortgage to tie you down. The Dallas-Fort Worth area is booming economically, with large companies such as Toyota opening their doors and hiring workers. Workers with families are attracted to the area’s many arts and cultural amenities.  They are looking for single-family homes to raise their families.

Arlington Residential Property Management That Works For You

If you’re looking to buy rental property in the Arlington area, you need an Arlington property management company that works for you. At Specialized Property Management we see the renting trends and do the research, so you don’t have to. We get your home rent ready, market, maintain, and much more. For the best Arlington residential property management, call Specialized today.

How Arlington Rental Property Management is Changing with Millennials

According to Forbes(LINK), the rental home market is changing because of millennials. Individuals born between the early 1980s and the late 1990s are now in the midst of their careers and have money for a downpayment, yet they are choosing to rent instead of buy. This is good news for property owners and property management. Arlington landlords can use this new renting mindset to their advantage.

Why are Millennials Renting?

As Forbes(LINK) points out, Millennials are choosing to rent even when they may be in a position to buy. This lines up with the value system observed in this generation. They tend to place more importance on experiences and freedom rather than material things and stability. When you own a home, it is more difficult to move across the country for your dream job. Saving for a new roof means less money for traveling. A good Arlington rental property management team can help you market your home for this new kind of renter.

Picking Property Management Arlington Tenants Will Love

What does this mean for property management? Arlington landlords looking to appeal to the millennial generation need to know a few things. First, many millennials work for tech companies and technology is a huge part of their lives. Specialized Property Management makes your tenants lives easier with our online portal system. Tenants can log in to their portal and pay rent or submit a maintenance request. Second, marketing will look different. With many tenants moving from across the country, they may never drive by to see a For Rent sign in your front yard. Online marketing with walkthrough videos is important to reduce vacancy days and give potential tenants confidence in renting a home sight unseen. Fortunately, with an Arlington rental property management team like Specialized you get all these services and more.

Want to learn more about all the services we offer? Give Specialized a call today!

Do HOAs Help or Hurt Arlington Property Management?

When you’re in the market to buy a rental home, should you buy one in a neighborhood with a Homeowners Association, or HOA? Property management can be easier, or harder, depending on the HOA rules. Your Arlington property managers at Specialized Property Management can help you pinpoint the right neighborhood to buy a rental home, but while you’re looking around, keep these tips in mind.

HOAs: Why Arlington Property Managers Love Them!

There are some great things about HOAs! The quality of life in an HOA neighborhood is very desirable for some tenants because of the amenities and the general feel of the neighborhood. Your HOA fee typically goes toward keeping the neighborhood looking nice and paying for amenities such as a community pool. These quality-of-life upgrades can be attractive, especially for tenants looking for a single-family home in a nice neighborhood.

HOAs: Why Your Arlington Property Management Might Say Think Twice!

While many HOAs make life more pleasant for residents, they can also make things difficult for rental property owners. Oftentimes an HOA will have rules and bylaws that come with fines if broken. This means you will need to stay on top of things at your rental home and communicate these rules to your tenants, so they don’t unknowingly incur a fine. Go over all the HOA rules, and plan on talking to current residents to find out their experience with the HOA to learn more.

Talk to Your Arlington Property Management for Help

With almost 30 years in the rental property business, Specialized Property Management has worked with many HOAs in and around Arlington. Property managers on our team can help you find out more about the HOA rules of a rental house you are considering. If you are starting out in the rental property business, or already have multiple homes, call Specialized to hear about all our Arlington property management services!