→ Helping prepare the property for listing, including staging, recommending cost effective updates, and professional photography
→ House listed for rent on mutliple MLS systems, as well as dozens of major websites (Zillow, Realtor.com, Trulia, etc) and military resources.
→ Processing tenant applications; includes rigorous credit and background checks, rental and employment history.
→ Lease preparation using only attorney written, state specific Texas Association of REALTORS® approved forms
→ Advanced on-line property management system (Appfolio), which allows online payment and 24/7 access to accounts, invoices & documents.
→ Owner disbursements via direct deposit no later than the 10th of the month
→ Monthly statements & invoices sent electronically. Annual 1099's for taxes, as well as copies of all repair invoices.
→ Quarterly property inspections with full report, including photographs.
→ Repair and maintenance request handling and supervision.
→ Vendor recommendation, including preferred client pricing.
→ Market analysis and review to maximize rental rates and evaluate investment strength.
Here is just a quick rundown of the types of fees/ expenses you can expect when you put your owner into property management:
Initial Admin Setup Fee
This includes our initial assessment, listing/marketing, tenant screening, and accounting setup.
Property Management Fee : 10% Monthly Rent
This covers the entirety of our services - repair coordination, lease enforcement, accounting, legal compliance, property maintenance and inspections.maintenance of all systems. A separate vacancy rate may apply when the home is unoccupied
Service/Lease Extension Fees
Unlike many other companies, we do not charge fees for extending a lease or for coordinating repairs, only a nominal fee to re-list and re-lease.
Repairs and Maintenance
Owners are responsible for repairs and updates on their properties, except any repairs or damage caused by tenant fault or negligence (beyond normal wear & tear). Well maintained properties lease faster and entice stronger tenant applicants.
Property Code Compliance
Texas Property Code requires that rental property meet certain standards and contain specific security and safety features, including re-key. Cost varies by property.
Taxes, Insurance, Etc.
Owners are encouraged to discuss tax advantages and repercussions with a tax professional before putting a home into management. Owners are responsible for payment of property tax, homeowner's insurance and even HOA fees.
We are equipped to manage multi-unit properties and are willing to discuss special rates or service needs for owners who have more than one home. Give us a call today so we can sit down and create an individualized service plan to meet your specific management needs.
We DO offer discounts on initial setup fees for current or former military service members.
Use the form below to reach out and we will get back to you soon!