Benefits Of Using A Property Management Company

by Administrator 17. February 2017 12:04

Maintaining a rental home and showcasing it in the real estate market will not be difficult if you hire a property management company. Their expertise and innovative marketing methods will help you to find suitable tenants and keep your property in good shape. Opting for professional property management services also helps to organize your rental business.

Listed below are some advantages of hiring a property management company

  • Advance marketing techniques – Most of the prospective tenants opt for online listing services to search homes for rent. A property manager will help to advertize your property by enlisting it on their website and social media pages, as well as suggest you the most effective ways to stage your property. He will also guide you about the renovations that must be made and the ways to highlight the best features of your home, which will substantially raise the demand for the property.
  • Comprehensive tenant screening – It is imperative that the tenants residing in your house possess a good moral conduct, maintain the property and pay rent on time. A property manager will perform a thorough background check of prospective tenants before renting them the house.
  • Property viewings – You may not be available to provide a tour of your home to prospective tenants.  This is when property management services come in handy. The agents will schedule viewings as per the convenience of prospective tenants and also make sure the house is presented in the most efficient way.
  • Repair and maintenance – Property managers thoroughly inspect the property and handle all the issues that may be required. They work in close association with licensed contractors to make sure the repair work is done efficiently and on time. The property managers will also assist you in addressing maintenance issues that the tenants may face during the stay.
  • Higher tenant retention – A property manager will help in finding reliable tenants that will stay for a longer time period. The company will offer timely services and make changes in the lease agreement that will encourage tenants to stay for longer duration. This will not only shorten the vacancy cycle but will also avoid the property re-advertizing costs.
  • Rent collection – To save you from the daunting task of the rent collection, the property manager will do it for you in a strict and timely manner. The money will be deposited in your account on a specific date every month and you will be notified about all the transaction details. 
  • Additional benefits-
  1. Creation of a lease agreement – A property management company will create an effective lease agreement that offers maximum benefits and clearly states all the responsibilities of the tenants.
  2. Handling legal issues – Property managers will help you in handling the evictions and claim -filing.
  3. Decide the perfect rent – The firm will analyze the current market trends and set the best rental price for your property.
  4. Termination of contract – In case your tenants want to leave the property and break the contract, your property manager will take care of all the notices and documents required. He will make sure that the contract is properly terminated.
  5. Establish a professional relationship –   As an investor, with the help of your property manager you’ll be able to develop a professional relation with your tenants. This will allow you to not get emotionally attached with your tenants and run business smoothly. 
  6. Less stress and more free time - Since the property management company will take care of your property, you’ll be able to spend more time on other important chores.
  7. Updates about the legal issues – Your property management company will help you stay updated regarding any changes in your local or national real estate policies and regulations.

Choosing a property management company can be the best option if you want your property to stand out in the market and attract potential tenants. It will not only help you save a lot of time but will add significant value to your investment.

At John Reider Properties, we provide you complete assistance in renting and maintaining properties in Harker Heights, TX. For more details, call at (254) 699–8300.

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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.

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Tenant Screening: Questions To Ask

by Administrator 25. October 2016 03:52

Every landlord aims at securing good tenants for his property. There are many reasons to justify this demand. A good tenant takes good care of the property, maintains cleanliness, and most importantly pays the rent on time. It is important to have least troublesome tenants so you do not need to make frequent trips to deal with the hassles of being a landlord.

Many landlords wonder about ‘how to decide which tenant is the best?’ There is a simple solution to this problem- Tenant Screening.

Tenant screening involves a set of questions you can ask the prospective tenants that will help you know them better. It is as simple as a telephonic interview. If he/she does not sound fit for renting your property, you can save your time by not meeting him/her in person and showing the property. It is important to keep in mind that you ask the same questions to every tenant in order to maintain your professional reputation and to avoid discrimination. Here are some possible and relevant questions you can ask the tenant-to-be:

Why do you want to rent the property?

This question should the foundation of your decision to hire the tenant. Be very careful and look for any change in voice, any reason that sounds fishy. You might not want to ignore things like ‘had a dispute with the previous landlord or the neighbors’. Look for valid reasons such as ‘found a new job’, ‘the area has good schools for my kids’, ‘it is closer to work’, ‘I needed more room’ or ‘the neighborhood is safer to live’.

When are you planning to move-in?

This question will clear the air about the tenant’s idea about responsibility. If he plans to move-in right away, you can get an idea that he prefers to do things at the last moment. This can also be his attitude while paying rent. Also if he was renting previously, he needs to send prior notice to the previous landlord. If he fails to do that, you need a background check. But of course you should not make quick judgments. You should make sure if he started searching much before he met you, or he had a pay cut, a sudden transfer or other valid reasons.

Can you pay the security deposit and First Month’s rent up on moving-in?

You need to make sure you never negotiate or compromise with the rent. If the tenant asks for a week’s time to pay the rent or to pay in two or three installments, you need to be firm. The rent pattern describes a lot about the tenant’s financial conditions. You need not start a tenant-owner relationship with a compromise. Make sure you hire people who can afford the place. Note it down that security deposit is essential in case the tenant causes problems.

How many people will be moving in with you?

It is important to note that according to municipalities and fire departments, overcrowding can be hazardous, both for health and safety. It is advised to limit the number of people that rent and live in an apartment.

Landlords should stick to a ‘two people, one bedroom’ rule. Fewer the people, less wear and tear you have to deal with.

Can you provide references from your previous landlord and employer?

In case the tenant hesitates in providing you with the references, you can understand he has something to hide. A reference from the employer can get you an idea about the tenant’s income and financial stability. On the other hand, a reference from the previous landlord will speak the truth about his rent paying habits. The current landlord might just want to get rid of the tenant and might refrain from telling you what you want to know.

Do I have your consent to a background check?

If you wish to have a background check and the tenant does not give you his consent, it will no longer make them a prospective tenant. A prospective tenant shall sign a form giving you permission to have background checks on them. There has to be complete transparency regarding the information they provide you.

Have you been evicted in the past?

There is no denying that most people lie about their past eviction. But asking them for the same causes no harm. Some people may tell you the truth and explain you the unfortunate situations that led to the eviction. Some noisy and damaging people, will always refrain and lie.

Do you have any questions?

It is important for landlords to end the dialogue with this. Tenants have several questions while renting a property and they should be allowed to both have as well as clear these questions.

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Benefits Of Hiring A Harker Heights Rental Company

by Administrator 18. June 2016 06:52

Hiring a rental company is one of the most crucial decisions that you need to make while renting out your home in Harker Heights, TX.  Seeking professional help can prove to be of great help and save a lot of your time. Right from collecting rent to dealing with tenant issues and handling repair work, the rental company can perform all the tasks on your behalf.

Listed below are some benefits of hiring a rental company in Harker Heights:

  • Save your money and time:  If you do not live close to the location of the rental property, you may find it difficult to manage it. Carrying out maintenance work, inspecting the property and collecting rents. The agents at a rental company help you save time and money by avoiding frequent visits to the property. They will keep your property in an optimal condition whether it is occupied or vacant.
  • Can get higher quality tenants: An experienced property management company can assist you in analyzing and screening tenants for the rental home. The agents will conduct a thorough screening of the credit history, previous rental records, criminal background and current income of the prospective tenant. They will help you get the most suitable tenant who will pay rent on time and keep your property well-maintained.
  • Property managers are aware of laws:  The property managers are well-versed with all the tenant-landlord laws and make sure that they go about the entire process as per the law. Also, they will handle an eviction in an efficient manner keeping in mind what is stated by the law.
  • Serve as a link between tenants and landlords: Renting out your property is a professional agreement and any issues should be dealt by a property manager. He can serve as a link between the tenant and landlord, while working towards their best interests in mind.
  • Can conduct home inspection: Before renting out your property, it is essential to do a thorough inspection of your home to identify and fix any loopholes. A property manager can conduct a thorough home inspection to point out any flaws and suggest the requisite repair work before actually letting in tenants.  He will also suggest ways to stage your house that can attract a larger pool of prospective tenants.

John Reider Properties is a Harker Heights, TX based rental company offering comprehensive services to the clients. For more information, you can call us at (254) 699 – 8300 or visit 455 E. Central Texas Expwy, Suite 101, Harker Heights, TX 76548.

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