At McCaw Property Management, we manage properties all over north Texas. I am not a photographer and would never claim to be, but today we’re talking about the importance of photography. I like taking pictures, and my skill level is above novice but definitely not professional. (more…)
Single-family and multi-family rental properties have their own unique benefits and drawbacks, and prospective real estate investors should weigh these options carefully before taking the plunge and making a purchase. (more…)
Even the best tenants may be late with rent from time to time, due to financial or personal issues that are temporary. As a landlord, it’s important that your rent comes in on time consistently every month so you can meet your own financial responsibilities. Charging a late fee is one way to deter tenants from paying late, but there are other important considerations.
Today, we’re providing three tips for handling and preventing late rent payments. (more…)
The potential for property damage is a common apprehension among would-be landlords. While property damage is rarely intentional, tenants may ignore minor issues like small leaks. A seemingly trivial issue like that can cause major damage in the long run, making it imperative that landlords take preventative measures against property damage. (more…)
A lot of the landlords we talk to would prefer to keep their rental units free of pets. Sometimes they have language in their lease agreements and marketing materials that identify their property as not open to pets. Or, they allow pets but place restrictions on what kind of animals a tenant may have.
However, service animals are not pets. According to federal fair housing laws and the Americans with Disabilities Act, service animals are not considered pets, and are instead considered to be legal accommodations that landlords must make in order to stay compliant with the law. (more…)
Deciding to self-manage your investment property or to hire a professional Fort Worth property management company really comes down to the amount of time, expertise, and tolerance for risk you have. Owning real estate in Fort Worth can be a lucrative path to immediate cash flow and long-term returns. However, it also comes with some liability. Professional management can protect you and your asset. (more…)
Vacancies are expensive for every rental property, so if your property isn’t renting right away, you may be asking yourself why. If you’re not getting a lot of prospective tenants who want to come and see your property, you may be wondering what you’re doing wrong or not doing right.
Back in 2002 and 2003 when I first started in the real estate industry, you just put a sign in the yard or an ad in the newspaper to market your rental property, and that’s all you needed to do. Today’s tenants are very different. My early days were 17 years ago, before anyone had started doing online advertising. But today, the internet is huge. People have very short attention spans, so you need to show that property quickly and answer the phone quickly. You especially need to make that house look good. (more…)
When you’re working with a professional Fort Worth property management company, you have the advantage of a thorough tenant screening process. You know your property managers are combing through credit reports, criminal histories, financial documents, and talking to former landlords. There’s no reason for a landlord with a property manager to choose his or her own tenant. (more…)
There’s often a lot of emotion involved in rental increases; both on the landlord’s end and from the tenant’s perspective. Tenants get nervous around renewal time because they often anticipate an increase and worry it’s going to be more than they can afford. Landlords watch their expenses rise year after year and know they should increase the rent but worry about chasing away good tenants. (more…)
Your Fort Worth rental property needs to be inspected thoroughly and regularly. Not only do inspections help you document the condition of your home; they also help you ensure your tenant is following the terms of your lease agreement. Make sure you’re taking a look at your property at least three times during a tenancy; at the beginning, at the end, and once while the tenant is in place.