One of the most important decisions you’ll make as a rental property owner is whether you want to manage your property on your own or hire a professional management company to do it. If you decide to do it alone, remember that there may be a lot of things you don’t know. Today, we’re covering some of the most essential topics in landlord education.
Many landlords are afraid of the eviction process, and that fear causes them to delay the start of an eviction proceeding when a tenant isn’t paying rent. An eviction is actually not scary, especially when you are organized and proactive. It’s a straightforward process in Texas, and property managers familiar with the legal requirements and court proceedings can be an excellent resource when you need to remove a tenant from your property.
Smart investors know that professional property management is well worth the fees that are paid, especially when you’re working with an experienced company that can help you earn more on your rental property. Before you sign a management contract, make sure you understand the fees that are paid and how you’ll pay them. It’s also important to know the services you’re receiving in exchange for those fees. That will define the value you’re receiving.
We see a lot of mistakes with fair housing among landlords who are managing their own properties. No one sets out to discriminate intentionally, but it’s easy to misunderstand the laws and make innocent mistakes. Today, we’re sharing the top 10 fair housing mistakes we see rental property owners and investors make.
If you’ve never interviewed a property manager before, make sure you’re prepared to ask a lot of questions. You’re looking for professionals to manage one of your most valuable investments; it’s important that you get to know who they are and how they operate. Whether you’re switching property managers or looking for your first one, don’t hire a management company until you’re completely satisfied that they’re the best solution for your rental property.
A rental home inspection is a great opportunity for landlords to check for maintenance and to ensure the tenants are following the terms of the lease. It’s important to inspect the property before the lease begins and after it ends, and you also want to get inside the property at least once during the tenancy.
Professional Tyler property management companies understand the rules, regulations, and laws that govern rental properties. We stay up to date on all the changes in these laws, and we advise our clients on how to comply with them. If you’re an independent landlord managing your own rental property, make sure you know what you’re required to do. There are some specific things you need to know as a landlord in Texas, and we’re highlighting those laws today.
Property maintenance is one of your most important jobs as a landlord or rental property owner. When you work with a professional property management company, you don’t have to worry about making landlord repairs yourself. Today, we’re talking about professional maintenance so you know which repairs are critical in your rental property.
CrossPointe Management Group is a locally owned and operated rental management company in Tyler, Texas. If you’re an owner currently managing on your own, we welcome you to stop by and check out our services. Today, we want to talk a little bit about why you should work with a Tyler property management company, and why you should consider working with us at CrossPointe. (more…)
We are talking today about why you should allow pets in your rental home. Tenants are going to have pets. At least 50 percent of people do. When owners limit themselves by not allowing pets, their rental homes sit vacant for longer periods of time. They don’t lease as fast because a no-pet policy narrows your pool of potential renters. Open up the field and allow animals. (more…)