THE LEADER IN SINGLE FAMILY DALLAS PROPERTY MANAGEMENT
Some rental homes are easier to rent than others. This can make a difference on how long your property stays vacant, how many applications you have to choose from, and in turn, the type of tenant interested in renting the property.
SPECIALIZED PROPERTY MANAGEMENT DALLAS/FT. WORTH RECOMMENDATIONS:
Investing in rental property can be a smart move—when you make smart decisions. When making your selection, consider the following:
This is real estate after all, so location, location, location will play a critical role in the amount of effort required to manage the property.
- SCHOOLS & TRANSPORTATION. How good are the area schools? How close are public transportation, shopping and amenities? Renters look first at these things.
- MUNICIPAL REGULATIONS. Different cities have different ordinances and regulations for landlords, some towns levy heavier fines for violations, where others are less stringent.
- HOA CODES. These organizations add their own regulations and potential fees for violations that can add additional time, cost and hassle.
- AREA RENTS. And finally, not all markets are created equal, so look in neighborhoods with lower vacancy rates, higher rents, and where values are appreciating. This is where local expertise is particularly important.
After location, the details of the property itself can help the success of the rental unit.
With more families seeking to rent long-term, seek out single-family homes that support a family lifestyle, with three or more bedrooms and a fenced yard. Fewer customizations and a home less than 15 years old will help you keep your maintenance costs down and attract tenants. On the other hand, avoid small or quirky layouts, unfenced yards, and busy streets which can turn off prospective tenants, also avoid older homes which can be much more expensive to maintain.
If you are in the process of selecting a rental property, make sure you make your decision from the perspective of successful long-term management of your rental unit. You—and your property manager—will be glad you did.
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