Features Of A Good Rental Home

by Administrator 28. April 2017 08:09

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Benefits Of Property Management For Tenants

by Administrator 17. April 2017 04:56

If you want to do away with the stress and nitty-gritty’s of renting a home, it will be beneficial to hire a property management company. Although this will incur some cost, but it will be very helpful in saving your time, money and mental stress, in case some exigency arises. Given below are some of the benefits of hiring a property management company for tenants.

  • 24X7 Services: Property managers are experts in providing emergency services related to unforeseen repair and maintenance issues in the house. For example, in case there is a short circuit in the house or blockage in drain pipes, they will be available round the clock to assist you.
  • Proficient Legal Advice: Renting a home will require you to complete a lot of documentation to fulfill the terms mentioned in the lease. A property manager will help you complete all the legal formalities without any hassle. Also, if any legal complications arise in the future or if there is a disagreement with the landlord, the professionals will suitably guide you to get through the situation comfortably.
  • Common Link Between Owner And Tenant: When you are living in a rental home, a lot of communication will take place between you and the landlord during the course of your tenancy. It can be related to the payment of rent or settling the utility bills. However, a busy schedule and unavailability of the landlord may cause inconvenience. This is where the property management company can help you. It acts as a common link of communication between you and landlord which saves your time and cost of visit to the landlord’s residence.
  • Reminder For Scheduled Tasks: The property management company takes care of all the tasks which you may forget due to your busy schedule. These can be paying the rent, taking care of lawn or getting timely renewal of renters insurance policies. The property management team not only reminds you about the pending tasks related to the rental property but also help in completing the related documentation work for the same.

If you are looking for reliable property management services in Harker Heights, TX, contact John Reider Properties. The property managers at our firm have extensive experience in helping tenants throughout the rental process. For more information, feel free to call us at (254) 699 – 8300.

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Checklist For Landlords

by Administrator 21. March 2017 14:10

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Tips To Attract More Tenants To Your Rental Home

by Administrator 15. March 2017 13:54

Every landlord wants to attract and retain a tenant who is reliable and pays his rent on time every month. However, attracting more tenants to your rental home requires prior preparation and continuous hard work. You should be able to represent your property in the best possible manner. This will help to attract maximum tenants to your property and you can choose the perfect one.

Listed below are certain tips that can help you attract more tenants to your rental home:

  • Work on the listings: Online listings are a great way to attract high-quality tenants. However, you need to work on providing a detailed and attractive listing of your property. Write a striking introductory phrase about your property and do not forget to attach impressive photographs of your rental home. Nowadays, you can even put up a video tour of your property to give the potential tenants a first-hand look at your rental home without actually visiting it.
  • Plan individual property showings: Although scheduling an open house might seem to be a good way to market your property, it is best to opt for individual showings. This will help you in getting the most interested potential tenants. Individual meetings will also help you to know the prospective tenants better. You can ask the relevant questions and also notice any inconsistencies in individual showings.
  • Complete all the paperwork beforehand: You should be prepared well in advance to show the requisite paperwork to your tenants at the time of property viewing. Get copies of the tenant application form, background, credit check reports and the lease forms. You should be able to answer all the queries of your potential tenants and address their doubts as well as concerns regarding the paperwork there and then itself.
  • Be aware of your neighborhood: Quality tenants are always on the lookout for landlords who are well-informed. You should have complete details about the neighborhood so that you know what all amenities are available in your area. For instance, your potential tenants may have children or pets and would want to know if there are parks and schools nearby. Therefore, stay up-to-date with the local amenities to be able to talk intelligently with your probable renters.
  • Be clear about the tenant criteria: Tenants will expect you to be clear about what you want in your renter. So, be prepared to answer questions on pet policies, financial status and smoking rules etc. Think about all the tenant criteria beforehand along with the restrictions and have them in writing. This will also help you protect from the allegations of discriminating certain tenants.

We, at John Reider Properties can help you find the best tenant for your Killeen, TX based property. Our real estate agents will perform thorough tenant screening to help you get a reliable and responsible tenant. For more information, you can call us at (254) 699 – 8300.

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Tips To Find The Right Single Family Home

by Administrator 24. February 2017 01:46

Finding a perfect home requires a lot of exploration and prior planning. Before you start the home hunting process, you must understand your needs and expectations. This will allow you to narrow down your search and eliminate the unnecessary options.

To make the home searching process easier for you, we have mentioned some tips below-

  • Research Thoroughly – This is the most important factor to be considered while looking for  rental home. Depending upon the type of house you want, you must browse the internet, look out in the pamphlets and search the newspapers meticulously. This will allow you to shortlist the most appropriate properties available for rent.
  • Keep An Eye On The Market – Another significant factor that affects the home searching process is the condition of the real estate market. In order to get the most affordable and profitable deals, you must be aware about the current property rates.
  • Request For Photographs – Whenever you shortlist a property, make sure to view its photographs. The websites that provide online listing of the properties often provide high quality images. In case you have selected a home after seeing an advertizement on a print media, you may contact the home owners to send you more pictures of the property.
  • Go For Property Viewings – After jotting down the properties you are interested in, you must start visiting them one by one. You may make a list and start ranking the homes based on the facilities they provide and the expectations they meet. This will help you decide the property that offers maximum benefits.
  • Prepare Documents – Once you agree to rent a property, you must always be ready with the documents. So that if you like a place, you can instantly complete all the formalities. The documents that you will need are –
  1. A document stating your financial credibility
  2. Identity proofs
  3. Personal Details
  • Read the lease attentively - Be careful while signing the lease agreement. Understand its terms and conditions and if there is something that you are skeptical about, make sure to inquire about it.
  • Take Help From Professionals – You can hire a property management company to find a perfect home for you. Their agents will assist you in searching the right home at a preferable location and will stand by your side during the house viewings as well. They will inspect the house thoroughly before renting it to you.

Whether you are looking for a single family home, apartment or a condo, contact John Reider Properties. We provide you complete assistance in finding a perfect home in Harker Heights, TX. For more details, call at (254) 699–8300 or visit us at 455 E. Central Texas Expwy, Suite 101, Harker Heights, TX, 76548.

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Do's And Don'ts Of Property Maintenance

by Administrator 27. December 2016 09:22

Property maintenance is necessary to keep the house in a good condition and helps to save the landlord’s time as well as money in the long run. Regular attention can make it easier to keep a track on the things that are out of order and allows you to take the required actions on time. Every tenant looks for a well-kept house and you can also enjoy a higher occupancy rate by having it upkeep. However, there are some Do’s and Don’ts of property maintenance that the landlord should know:

Do’s

Stage And Upgrade

A staged and well maintained property looks more presentable and the prospective tenant may rent it quickly. Keep the staging simple so that the tenants have enough room to make changes according to their needs. Upgrade the house with modern amenities by replacing the cabinet handles, installing new lamps and changing the faucets in kitchen as well as bathrooms.

Schedule Regular Repairs And Maintenance

Regular maintenance can get a better hold at the problems which can be taken care of instantly. A property maintenance company can be hired to take care of the repair work. The landlord is responsible to keep a check on roaches or pest infestations, leakages and cracks in the walls as well as flooring. If the safety standards are not up to date, the landlord can be asked to provide with new locks, smoke detectors etc.

Invest In The Curb Appeal

Investing in curb appeal plays an important role in attracting a large number of tenants. Most renters base their decision on the first impression they get from looking at the property. If the house looks attractive from the end of the street, more tenants will be drawn towards it. Make sure the exteriors are given equal attention like the interiors.

Take Advice From A Lawyer

A detailed lease agreement is a must to avoid any disputes in future. Take help from a lawyer who is up to date with the state laws to formulate a document that clearly states the issues that the landlord shall address. If the damages are beyond repair, the tenant may be liable to pay for them. You can also claim to keep a part or whole of the security deposit in case of heavy damages like broken windows or cracked floor.

Know Your Responsibilities

Every state has its own laws that define the landlord’s duties for maintaining his rental property. The property should have the basic provisions like heating/cooling system, water and electricity. If you plan to visit the rental home for repair and maintenance, you shall notify the tenant 24-hours prior to the scheduled visit. 

Don’ts

Do Not Delay The Repairs

If you delay the repair work, you may be piling up your expenses for the future. Small issues may turn into bigger problems if not dealt with for a long period of time and may also cast a negative impression on the tenants.

Do Not Let Your Tenant Do The Maintenance

The tenants may not be skilled enough to make a repair and they may end up getting hurt. You should make it a point that the residents inform you about even the smallest of problems so you can address the issue as soon as possible.

Do Not Look For Short Cuts

Temporary fixes do not last long and you may have to deal with a bigger repair later on. Thus the landlord should find a permanent solution for the issues. Use good quality materials and appliances in the house. If you realize that the refrigerator or dishwasher is old, you can replace it before it breaks down or cause inconvenience to your tenants.

Do Not Hide Anything From The Tenants

If you wish to develop a positive relationship with your renters from the start, try to maintain transparency. If the house needs some important repairs, inform the tenants before they move in. In case you do not want your tenants to bring in pets, smoke indoors or repaint the walls, you shall inform them before they sign on the lease agreement.

Do Not Forget To Get An Insurance

Insuring the property can save you from unexpected losses due to fire, theft or natural disasters. The amount of insurance may vary depending upon the size and location of your property. Installing safety measures such as smoke detectors and anti-theft alarms can reduce your insurance costs.

Go through the above mentioned do’s and don’ts before you start with property maintenance to avoid costly repairs.

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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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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.

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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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