Guide To Choosing The Right Rental Company In Harker Heights

by Administrator 24. November 2016 12:26

As a landlord, one of your biggest responsibilities is to keep the rental property well-maintained to ensure consistent returns and minimal vacancy cycles. However, many homeowners in Harker Heights, TX, find it overwhelming to deal with all these tasks on their own, particularly when they do not have any prior experience. Hiring a rental company can be of great help in this regard. They can assist you with all the aspects of home renting while making sure that you get the maximum profits from your investment property.

Here are some of the reasons you should consider hiring a rental company in Harker Heights:

  • You own multiple rental properties
  • You live in another state or far away from your rental home
  • You do not have time to fulfill the responsibilities of a landlord
  • You have other full time responsibilities
  • You do not have knowledge of the local real estate market

Once you have decided to hire a rental company, there are several important factors that need to be considered to make sure that you make the right decision:

Consider Industry Reputation

The property management company you choose will represent you before the potential tenants. Therefore, it is important to ensure that it has a good reputation in the industry. They should have experience in managing multiple rental properties in your area. By working with a credible company, you can be assured that your home renting process will be handled efficiently and in a professional manner.

Location Of The Company

It is recommended to hire a rental company that is located in the same area as the rental home. This way, it will be easy for the tenants to approach the property manager in case of any repair or maintenance task required. There should also be certain provisions for emergency repairs required on weekends, holidays or odd hours of the day.

Knowledge About Local Real Estate

The staff at the rental company should have an in-depth knowledge of the local real estate market of Harker Heights. This will make sure that he is familiar with the current price trends and can guide you in the right manner for setting an appropriate rent for your property. Quoting a reasonable rent will increase the demand of your property among the potential tenants. The agent may also suggest certain home improvements that may help to make your rental home more appealing.

Ask For References

You must not hesitate to ask the rental company to provide at least 3 references of their clients who have similar rental properties like yours. Get in touch with them and ask about the quality of services provided by the company. If possible, you can view their properties to have an idea of how well they have been managed by the company.

Services Provided

Assess your needs and check if the rental company provides all the services that you require. The agent should be able to handle the entire renting process on your behalf. Some of the services that you should look for include advertizing the home, screening the applicants, preparing lease agreement, collecting rent as well as handling maintenance and repair work. His focus should be to maintain a healthy relationship between the landlord and tenant in order to ensure a smooth renting experience.
 
Legal And Financial Experience

The agent should be well-versed with the Fair Housing laws and other guidelines pertaining to renting a property in Harker Heights. He should also have a good knowledge of the real estate laws so that you do not have to face any legal hassles in the long run. Handling finances is another quality you should look for in the agent. He must provide you with a complete financial statement at the end of every month, stating the credits and debits related to your property.

Pricing Structure

Last but not the least, you should know the company's pricing structure beforehand. Get information on how you will be charged and how the repair costs would be paid. Additional costs, if any, should also be inquired about to avoid any sort of confusions later on.

If you are looking for a rental company in Harker Heights, consider John Reider Properties. We have experience in managing diverse properties, including houses, apartments, duplexes, condos and townhomes, across the city. For more information, you can call us at (254) 699 – 8300 or visit 455 E. Central Texas Expwy Suite 101, Harker Heights, TX 76548.

Tags: ,

Landlord Tips for Managing Property

by Administrator 17. November 2016 14:38

As a landlord, you have certain responsibilities and duties towards your rental property. You not only need to prepare your home but also find trustable tenants. Collecting rent, advertizing and maintaining the property are other important tasks which should be done efficiently.

Let’s take a look at some tips which can help you to manage your property in a better way:

Prepare the property

When you are planning to rent out your property, it is important to first prepare it. The house should be clean and have all the necessary repairs done. Make sure all the appliances are working properly. You can consider furnishing the house in case you plan to rent out to students or young executives.

Advertize

Once you are done preparing and staging the house, you can advertize it through various online property listings. Make sure your advertizement contains important details such as rent, location, occupancy, amenities included and high quality pictures of your rental home. Remember to include your name, contact number and email address so that people can easily reach you. You can also schedule a meeting for the prospective tenants to visit your property.

Interview the tenants

Inquire about their employment, income, previous tenancy records, reason for moving in etc. You should also ask if they have any pets or wish to keep one in the future. This will help you decide if they are a suitable choice for your rental property. Clarify all your doubts and maintain complete transparency to ensure a smooth tenancy period.

Take the tour

During the property visit, walk along with the tenants and highlight the important features of the house. However, make sure you do not go overboard and allow the tenants to evaluate the house freely. If they point out any repairs required, ascertain them to get them done before the date of move-in.

Follow the legal procedures

The landlord should know about all the legal formalities that are required to complete the renting process. A clear lease agreement should be framed that states all the important terms and conditions to be followed by both the parties. It should also include name of the tenant, number of people moving in and their names, if they have pets or not, the duration of tenancy, amount of rent and security deposit.

Collect the rent

Rent collection is one of the most complex tasks for a landlord. He should be very clear with the date of rent deposit and the modes of payment available. In case the tenant repeatedly delays paying the rent or pays in fragments, the landlord has the legal right to take strict action. To avoid this, you can also provide the facility to pay the rent online. This can ensure timely payments by the tenant.

Inspect the house

You should conduct regular inspection to make sure the property is well taken care of.  (You can consider clicking photos of the property before renting it. This will helps to draw comparison during inspections. Make sure you follow the tenant privacy and inform them before dropping in at the property.

Stay updated

You should be updated with the market price and set the rent price accordingly. Charging a higher rent compared to the local rates can make you lose valuable tenants. In case you wish to increase the rent, make sure you go through the legislations and make changes accordingly.

Be available

A good landlord should be responsive to the calls and needs of the tenants. Make sure you address their maintenance and repair requests in a timely manner. You should have all the required contacts such as plumbers, electricians, roofers and other technicians to resolve the issues faced by the tenants.

Hire a property manager

In case you live far away from the rental home, own multiple properties or lack time and experiences of being a landlord, you can consider hiring a property manager. He can help you to save time and carry out all the required tasks with efficiency.

We, at John Reider Properties, offer comprehensive property management services in Harker Heights, TX. For more information, you can call (254) 699 – 8300 or visit 455 E. Central Texas Expwy Suite 101, Harker Heights, TX 76548.

Tags: ,