Property Management Blog

Friday, November 13, 2009

How to Turn an Ugly Lease Home Into a Castle!

How would you like to get top dollar for your lease home in the shortest amount of time?

I would like to tell you how to stage an empty lease home using as little money as possible.




To gain an edge in your marketplace you must be priced right and look better than the competition. Sometimes it's difficult to think of a home as a mere product, but ti helps to think that way in order to get top dollar for your rental.

  • Paint is one of the best things you can do to freshen a property. The colors used are very important. The right colors can give new life to your property. The colors should be very neutral and the rule is no more than two different colors. Soft beige proved a pleasing background for tenants to envision their furniture and accessories in the spaces. Painting has the added advantage of providing a fresh new smell.

  • Most carpets need to be cleaned or replaced. Have them professionally cleaned and deodorized before coming on the market.

  • Kitchens, appliances and bathrooms need to shine.

  • Check all light fixtures. Are they working properly? Bulbs all good? Include outdoor lighting in your check up.

  • Is the landscaping appealing? Having your yard neat and trim is the best welcoming card your home can have. It is your home's way of greeting the visitor with a smile. Since the tenant will have the responsibility of caring for your yard, if it is dry, full of weeds and half dead, they may pass on renting your home.

A terrific exercise to assist you in generating rental dollars and quick tenant move in is to drive up to the front of your property and look at it through the eyes of a potential tenant. Is this somewhere you would want to live as far as the condition of the home and the condition of the yard? Enter the home and tour the house as a prospective tenant who has no emotional attachment or financial investment in the home. It may help to have a trusted friend accompany you, one that can be very honest.

We as a property management company can assist you in getting your house in shape. We have relationships with trusted tradesmen and can coordinate estimates and negotiate pricing for you. You can also do the work yourself. The return is a great one. You will rent it for a higher price in a shorter amount of time. You will get a better quality of tenant that appreciates their surroundings. You will have a larger pool of applications to choose from. Your tenant will probably stay longer in the home.

This game plan will help you hit a home run!

Friday, October 30, 2009

Things that should make you run from a property manager!

Welcome to our first blog. I hope you find it very helpful! Eddie and I have learned a lot about selling investment property and property management in the last 30 yrs. We want to share some red flags that you should be looking for when you get ready to choose a property manager for your home.

1. Unwilling to provide references.

Good references are a critical part of hiring any company to work with. If the property manager is hesitant to provide names you should seriously reconsider hiring this person. There is really no other way to determine what it is like to work with this property manager.

2. Lack of experience.

You don’t want someone who is just starting to learn how to handle the frequent problems that arise with securing rental payments, performing routine maintenances or complying with regulations. Ask how the manager stays up to date with legal changes or general trends in the industry.

3. Lack of interest.

A good property manager knows the right questions to ask; they should be insightful and make sense. They should ask questions that will open a two-way dialogue allowing you and the property manager to gain insights that will enable your property to be properly maintained and represented.

4. No license.

Texas does not require property managers to be licensed, however the better property managers are licensed and accredited. If you want the best of the best you should try to find someone who has some educational background and professional affiliation.

5. Expensive.

Check your area first to determine what the going rate is for a property manager and then aim in the middle. You don’t want to pay too much for a property manager as you might not get your money’s worth, but you also don’t want to pay too little as you may not get any value from their services.

Please feel free to contact us with any questions you may have about your venture into finding the right property manager!

Phone: 281-651-1965