Rental property owners and first-time investors are often unsure of what to look for when they’re seeking professional property management in Texas. Today, we’re sharing four of the most important things that your property manager should provide.
Property Management Experience
It’s critical that you work with a management company that has experienced property managers on staff. You will benefit from that experience when situations arise such as a tenant not paying rent or an unauthorized pet being discovered at the property. You need a manager who has done hundreds of move in and move out reports, understands the laws in your state and city, and can make smart decisions based on what’s best for you and your investment.
Areas of Expertise
Work with someone who understands the local market. Your property manager should know how much properties like yours are renting for and what kind of tenants your property will attract. When you’re interviewing property managers, ask what types of property they are most comfortable managing. You need a professional who is an expert in homes like yours, whether it is a single family residence or a multi-family building.
Software and Technology
To ensure your rental home is managed with maximum efficiency and transparency, your property manager needs to have innovative technology and software tools. Their property management software should enable tenants to pay rent and make maintenance requests online, and your rent should be paid electronically. Ask if there’s an owner portal where you can log on and see your statements, leases, and how your property is performing. Most of the advertising and marketing should be done online, and you need to ask how property managers use technology to screen tenants, communicate, and manage things like inspection reports and documentation.
Protecting Your Property
Good property managers will protect your property and preserve its condition. Maintenance will be taken care of immediately, and your manager will be responsive to the repair requests that come in from tenants. Preventative maintenance is important in keeping your tenants happy, reducing your repair costs, and ensuring your investment grows in value. Good managers will also protect you and your property from legal exposure, liability, and problems with compliance.
There are a lot of things to look for when you’re seeking a great property manager in DFW. If you have any questions or you’d like to hear about our services, please contact us at 3G Properties Group.
