Myths about Leasing & Managing Rental Property

Dallas real estate property management

 

Hiring a Professional Property Management Company Can Save You Thousands

 

MYTH:

  • It’s easy to find a tenant who will take care of my home and always pay rent on time.
  • Finding new tenants doesn’t take a lot of time.
  • If one doesn’t work out, I’ll just re-market the home and find another tenant who will pay.

 

FACT:

Placing the wrong tenant will cost you time and money.

 

Your rental unit competes for a reliable tenant. An untrustworthy renter can cost your Dallas real estate property management efforts 4-6x the monthly rent rate. With today’s technology, it is easier than ever for tenants to falsify documents or appear more creditworthy than they are. You need to be able to identify these issues and avoid the potential pitfalls. Hiring Dallas rental property management experts to perform tenant screening and background checks is critical. It also reduces your risk of financial loss and gives you peace of mind.

 

EXAMPLE: $1,500 A MONTH RENTAL

 

Tenant fails to pay for one month =                                                                                           $1500

+

Eviction court fees =                                                                                                                      $1000

+        (also depends on if an attorney is hired and/or file a writ of possession)

Additional days to evict =                                                                                                              $750

+        (21-28 days depending on court)

Damage to home =                                                                                                                        $1750

+

Re-marketing vacancy time =                                                                                                      $2250

          (if home is leased within 45 days)

TOTAL COST =                                                                                 $7250

 

Your tenants are your customers, but customers that you get to select. With proper background checks and proactive marketing, Dallas real estate property management can be smooth sailing. You set the tone for how to treat your investment, and our Specialized RPM team can help. Specialized RPM takes care of the realities of owning a rental property for you, so your vacancies go down and your return goes up —  without the headache. Call us today to learn why Dallas rental property management is hassle-free when you partner with

Specialized RPM!