Property Management
Over the past few years, the real estate market throughout the entire Dallas metroplex has been erratic and constantly changing. And one of the results of this changing market has been an increased demand for single-family residential lease properties.
More and more people are now opting to lease a home and their reasons are various. Their employer may bring them to the city for only a short stay before moving them on to a new location. They may have sold their home more quickly than anticipated and need to lease a home for a year until their new house is completed. Or like many senior citizens and retired persons, they may simply prefer to live in a more care-free environment and leave the worries about property maintenance and repair to somebody else. |
 |
These prospective tenants seek out lease homes ranging from less than 1,000 square feet to over 5,000 square feet. They look for lease rates anywhere from $500 or less per month all the way up to $5,000 per month. Equally important, they search for all types of amenities including swimming pools, spas, security systems, maid's quarters (or a mother-in-law's room!), tennis courts, access to golf or country clubs, and the list goes on and on.
To help satisfy this increased demand for single-family housing, many individual property owners have already joined the ranks and have chosen to lease their homes. Many more owners are now contemplating the possibility of leasing and are weighing the pros and cons for their individual circumstances. Like the tenants, property owners have numerous and varied reasons for opting to lease their properties. The owner may be unable to sell the property at a satisfactory sales price. He may be transferred to another city and desires to return to Dallas and reoccupy the home at a later date. Or perhaps the owner may have purchased a bigger, more expensive home and chooses to take advantage of the tax shelter benefits available by leasing his prior residence.
If you are a home owner, and you need some help deciding whether or not to lease your home, contact your local Realtor for ad vice. He will be able to help assess the current market conditions and help determine if leasing is plausible for you. If you decide that leasing is the right solution, the next step is to find a property manager to qualify tenants, collect rents, schedule repairs, pay bills, and handle the property accounting.
Your Realtor may handle property management services right in his office, but if not he will be able to refer you to a management company that specializes in residential properties. You will place a great deal of trust and responsibility on the shoulders of the property manager, so it is very important that you feel comfortable and confident in your choice. The following FREE document contains a checklist that includes some of the major points that you will want to consider before signing a contract with a property manager.
Click Here to Download Your Free Copy of the
MITCHEL&ASSOCIATES, LLC.
PROPERTY MANAGEMENT SERVICES DOCUMENT
|
