Hear what our Happy Customers have to say...
“Grounded Investments uses Real Property Management in Dallas and Houston exclusively for managing our rental properties. We specialize in buying, selling, and managing Bulk Portfolios of residential property. We are one of a few select companies, which are allowed to buy directly from the largest banks and due to the high volume of transactions and time constraints, we needed a company that could accommodate our needs by handling inspections, remodeling the homes, and leasing them quickly to qualified tenants. RPM has been able to meet our many needs and has allowed us to provide an effective strategy for our individual investors. They can buy rental houses at wholesale prices and Real Property Management will handle their property management needs or just provide leasing services to those investors who wish to manage the homes themselves.
We work closely with Real Property Management to help us determine the best areas, types of properties, and the price ranges to purchase these rental properties, which provides our customers the best opportunity to maximize their return on investment. Real Property Management has assisted us and allowed us to expand our services and knowledge of the rental markets, which has directly benefited our clients. We feel they are the best property management company in Dallas, Fort Worth, and Houston.”
John Heilman, President
Grounded Investments, LLC
|Tuesday, 31 August 2010 05:07|
Dallas Investment Property
If you purchased Dallas Investment Property thinking it would be an easy way to build a secure financial future for yourself, you might be in for a bit of a shock. Although buying that Dallas Investment Property may have been easy, turning that purchase into a consistent source of income is not. It is called an investment property because your initial investment of the purchase price should ideally grow and flourish into more money for you as time goes on. This can either be because the housing market is on the rise and you can sell the property for more than you paid, or because by renting the property to someone else you can build equity or bring in income.
When your Dallas Investment Property becomes a rental property, you must suddenly take on the role of property manager. There is much more involved in property management than most people realize. The requirements on your time and energy go way beyond simply finding tenants and collecting rent.
First you have to prepare your Dallas Investment Property for rental. That includes making sure that it meets all safety codes, is clean and well maintained and attractive to prospective tenants. Sometimes that can mean a simple paint job and in other cases major renovations are required. Next you have to decide how best to find tenants: signs, fliers, advertisements. Then you need to make sure you are available to answer inquiry calls and show your Dallas Investment Property on a moment’s notice. Once you have interested renters, you still need to do background and credit checks to make sure they will be able to pay their rent and care for your property.
Once they move in you can start collecting rent, but you also need to be on call for emergency and maintenance issues any time of day or night. You also need to periodically check on your Dallas Investment Property to be sure your tenants are complying with their lease agreement and your property is protected. You also must keep careful records of all your income and expenditures as well as adhering to all legal codes. And then, if you should ever have a tenant who becomes unreliable, you have to be ready to initiate eviction proceedings or hire a lawyer to do it for you.
This example assumes that you have only one Dallas Investment Property. If you have more than one, the requirements on your time and energy just keep multiplying. You need to ask yourself, do you really have the time to effectively manage your Dallas Investment Property yourself? Is it really cost effective to do so?
What if your Dallas Investment Property could start working for you? What if you could take a small percentage of your gross rent and let someone else take over every aspect of property management? Better than that, what if you had an entire team of trained experts to take over for you? Now you can, with Real Property Management Dallas.
Real Property Management is your one-stop property management solutions company. A talented team of professionals are here and ready to work for you. We have solutions to all of your Dallas property management problems from advertising and property showings to maintenance and inspections.