The real estate market in Dallas and Fort Worth is strong, which is attractive to investors from other places where it’s harder to make money on investment properties. Our team provides property management for a lot of owners who live outside of the state or even outside of the country.
When you aren’t living in the same area as your rental homes, a good property management company is critical. You need a team of local experts who can help you with leasing, management, and maintenance. We provide the systems and the expertise that can provide you with extra peace of mind. Don’t leave your rental properties in the hands of someone who doesn’t understand this market and its unique trends and laws.
Experienced Property Management
As an out-of-state investor, you need local expertise that keeps you out of trouble and ensures you’re earning what you should be.
Look for a local resource with a team of people who are ready to be the eyes and ears you need on your property. A good management company will handle showing the home and screening the tenants. You should expect detailed move-in and move-out inspection reports and an immediate response to maintenance issues. Find a management company with experience enforcing your lease and collecting rent on-time.
When a tenant calls to report a maintenance emergency in the middle of the night, you aren’t going to have an easy time finding a plumber when you’re several states away or across the world. Local property managers will have established relationships with plumbers, electricians, and other professionals. You’ll have someone you trust at the property to assess and mitigate the damage.
Out-of-State Investors Need Technology and Communication
To communicate effectively and feel like you know what’s going on with your property, you need a management company that invests in technology. You should expect an online portal where tenants can pay rent and request routine maintenance. Owners use these portals to check their accounting statements and reports, review maintenance invoices, and get in touch with their management team. All rent payments can be made electronically, and you can access this system at any time of the day or night, from wherever you are living or working.
A good technology platform will allow you to track income and expenses, communicate with your property managers, and stay up to date on lease renewals, marketing strategies, and lease negotiations. Out-of-state investors need good technology to stay in touch and feel empowered.
Smart investors gather the right partners, resources, and tools when they’re purchasing an investment property. When you decide to invest in a Fort Worth rental home from somewhere else, make sure you’re working with a company that can keep you up to date on the local market, the performance of your property, and anything else you need to know.
When you’re looking for a professional Fort Worth property management company that can help you manage your rental properties from afar, please contact us at Trend Property & Management.