Tenants who don’t pay rent create a number of different problems for Dallas landlords. Even if you have a great resident in place who easily qualified during the screening process, you never know what’s going on in his or her personal life. Perhaps they lost their job or they’re suffering through a divorce. Instead of heading straight to the courts when rent is late, stop and figure out a creative way to solve the problem that’s beneficial to all parties. Eviction is the last thing you want to do. (more…)
At McCaw Property Management, we manage rental properties all over north Texas, and we get a lot of questions from landlords and rental property owners about how they should advertise their properties. Everyone knows that online advertising is where you’re going to reach the largest pool of prospective tenants. (more…)
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…)