12 Reasons to Hire a Property Manager
1. Local Knowledge of Rental Rates: Licensed Realtor provides you with in-depth knowledge of the neighborhood values.
2. Lower Eviction Rate: Statistics show properties managed by a property manager are less likely to end in eviction.
3. Tenant Screening: Thorough renter pre-screening as well as credit report, background check, verification of employment and rental history.
4. Property law and Regulations: Up-to-date knowledge of property laws and regulations, making sure your property is in compliance with the Texas Property Code and any other regulations.
5. Standardized Lease Agreement: Professional Association Forms from the Texas Association of Realtors.
6. Preferred Service Provider Relationships: Knowledge of local vendors, suppliers, and contractors who provide good quality work at reasonable prices.
7. Rent Collection: Sometimes collecting rent can be difficult or awkward- a property manager has policies in place to minimize such, making every effort to avoid late rent.
8. Inspection Reports: Routine property inspections may reveal faults that if found can be resolved quickly before they become more expensive.
9. Security Deposit Escrows: Manage your security deposit escrow funds and make sure you are in compliance with the Texas Property Code.
10. Financial Record Keeping: Provide monthly detailed income and expense reports. Deposit of monthly cash flow funds to your account by the 10th of each month.
11. Emergency Call Buffer: No more late night calls from a tenant, a property manager handles it.
12. Property Management Fees: This expense is usually tax deductible. Please consult your tax adviser for verification.
