One of the main benefits to working with a professional property manager in DFW is that you get access to many resources that self-managing landlords cannot access. This is the first in a three-part blog series that explains what you have to gain by working with a professional management company.
Strategic Advertising and Marketing
The first step to attracting an outstanding tenant is a good marketing campaign. With the help of your management company, your vacant property will be listed on the most popular rental websites and syndicated out to even more platforms. 3G Properties Group is part of Keller Williams, which means your home will also get exposure on the MLS, and in front of Realtors who may have clients looking for rentals.
Rigorous Tenant Screening
A complete tenant screening process will include checking credit and criminal backgrounds and verifying income and employment. Individual landlords often have a hard time screening their potential tenants, but a property management company has a number of tools that are used to search for past evictions, landlord balances that may not show up on the credit report, and discrepancies in the application and the background check. Your property manager will talk to former landlords and verify and document everything. You’ll have a much better chance of getting a responsible tenant placed in your home.
Consistent Rent Collection
A consistent rent collection process is critical to ensure you get paid on time every month. Your property manager will establish expectations with your tenant before the first rent payment is even collected. Your tenants should be able to pay online, and understand what kinds of late fees and other consequences may be attached to late payments. A professional manager will be able to collect rent assertively and when necessary, begin eviction proceedings.
Professional Accounting
Another great resource provided by your property manager is professional accounting that is accurate, timely, and transparent. You will receive a statement every month that indicates what your property earned, what was spent to maintain it, and how it’s performing financially. You’ll get the tax forms you need, and your manager’s software system will be able to track invoices, receipts, and everything else you’ll need to stay organized.
If you have any questions about what a DFW property management company can do for you, please contact us at 3G Properties Group. And, make sure you catch the second and third parts of this blog.
