A lot of Fort Worth rental property owners hesitate before hiring a professional property manager because they’re worried about the cost.
A monthly management fee can seem like it might cut into your cash flow and your ROI, but with the right management partner – you’re actually going to save money.
Reducing Vacancy and Turnover Costs in Fort Worth
Vacancy is expensive and it’s stressful. When you don’t have a tenant living in your property, you’re not bringing in any rent. You’re also putting your property at risk for maintenance issues that go unnoticed, vandals and thieves, and even squatters. You’re also responsible for the utility bills, landscaping, and general upkeep.
Property managers can rent your home faster, and that saves you money in both the short term and the long term. With more advanced marketing platforms, more flexibility when it comes to showings, and an ability to collect applications and screen online, you’ll have a tenant in place shortly after your home is listed.
Turnovers are also less of a financial risk when you’re working with a professional property manager in Fort Worth. The entire tenant relationship will be the responsibility of your property manager, and they’re likely to have a retention plan in place. Professionally managed homes often lead to happier tenants to renew their lease agreements year after year.
When you do have a tenant moving out, the turnover process is efficient and cost-effective. Your property manager will oversee the cleaning, repairs, and marketing to find a new tenant in far less time than if you had to do it on your own.
Better Tenants Lead to Better Returns
Property managers have a better understanding of the local rental market than independent landlords, allowing us to accurately price your property. The right rental value makes a big difference in what you earn.
We also know how to find the best tenants. A property manager’s marketing and screening process leads to higher quality renters, which means fewer costs for you. With a bad tenant, you run the risk of:
- Unpaid rent
- Late rent
- Property damage
- Lease violations
- Disputes and conflicts
Avoid these risks with better tenants and professional management.
Protecting Your Fort Worth Rental Property With Cost Effective Maintenance
A professional property manager can protect your home from damage, deterioration, and legal liability. It’s time consuming to keep up with The Texas Property Code and other laws and regulations pertaining to rental properties. We help you avoid the risk and the expense of legal mistakes.
Property managers will also protect the value of your property. Routine, emergency, and preventative maintenance plans will keep your asset in excellent shape.
You’ll also pay less for maintenance. Most vendors and contractors offer discounts to professional property managers because of the volume of work we provide. You won’t have to worry about overpaying for a repair or hiring the wrong, unlicensed vendor.
The idea that professional property management costs you more money than managing on your own is not entirely accurate. With the right Fort Worth property management team, you can save money on expenses associated with your rental property and earn more in both the short term and the long term.
Would you like to hear more about how we can help you save money on your rental home? Please contact us at Trend Property & Management. We’re here to help with all your Fort Worth property management needs. We also serve Keller, Saginaw, Hurst, Weatherford, and the surrounding areas.