Property Management Dallas

Homeownership is something millennials are delaying. They have been hit hard by economic problems and don’t see homeownership as necessary to success. Just 63% of Americans own homes, a 20-year low. How is this affecting Dallas property management companies? Generation Rent Created Paul Conway, President of Generation Opportunity, said, “They’ve (millennials) seen what their parents are dealing with, what their brothers and sisters are dealing with, in terms of being saddled with home values that are less than what was paid for.” He believes we may have a generation of renters. Although fewer young people own homes, they still hope to buy a home “someday.” But with current borrowing standards, this may seem very difficult. Freedom to be Flexible As a Dallas investment property owner, these numbers are good for you. As younger people don’t choose to be hampered by a mortgage, they are drawn to renting. As they finish college or work on career opportunities, owning a home doe...

In 2013, the American Psychiatric Association recognized hoarding as a mental disorder, which means they have protected status. If you have a hoarder living in your rental property and have concerns, you need to act carefully, so you do create any problems with the Fair Housing Act or face discrimination charges. Accommodate First Eviction should not be your first step, since hoarding is a disability. Whether you choose to handle an issue on your own or use professional Dallas property managers , like Dallas Specialized RPM, here are some top ways to deal with hoarders. ·         Understand the difference between hoarding and bad housekeeping . A hoarder will have piles of what looks like junk, usually with little space for walking. These are usually distinct piles while poor housekeeping can just be garbage scattered everywhere. ·         Pay a visit. On the visit, you or your Dallas property man...

When it comes to tenant screening, Dallas Specialized RPM believes it’s going to be changing for Dallas. Whether you take screening in stride as a way to protect your property, or hate doing it, it is an important part of making your Dallas property management experience a success. There are several things you should check when doing tenant screenings. The potential tenant should: ·         have a post-tax income 3X more than the monthly rent; ·         no collections or evictions issues; ·         good references from former landlords; ·         an employment history; ·         no criminal record. If you don’t hire a Dallas property management company, make sure you have set rules about who you will or won’t accept, and don’t deviate from them. You need to remember that yo...

If you’re leaving on a vacation, you’ll want to think about how to keep your property safe: it’s an important, but easily forgotten part of Dallas property management. Here are 5 ways to help keep your property safe when you are away.  1.   Get a Security System – You might think these are expensive, but these days they are quite affordable. This means you can know for a decent price what is happening on your property while you’re away. 2. Social Media Smarts – It’s really not necessary to tell everyone where you are headed for vacation, but if you do want to post about it, make sure your privacy settings are as high as you can put them You don’t want anyone knowing you are away unless you know and trust them. 3. Don’t leave a spare key outside –There are lots of other solutions to make sure you can get into your house, you don’t need to try to hide a key under a potted plant. Don’t run the risk of someone finding it when you don’t want them to. 4. Hold the Mail...

Lead is a serious health concern, whether you live in a home that might have lead-based paint, or live by an industry that involves lead, the health hazards that lead poses are a serious problem.  Trey Brown, a metal toxicologist at the University of Texas Arlington said, “childhood lead poisoning is the #1 environmental contaminant-driven disease in the country, and nobody knows this.” Specialized RPM takes this concern seriously for the safety of its tenants. We know it’s important to take an active approach to dealing with this problem.  In buildings constructed before 1978, there may still be lead-based paint both inside or outside the building. Making sure these buildings receive the proper care is something property managers in Dallas need to take care of. Many people might just remove the paint, but this poses problems of its own, and must be done correctly to make sure the contamination does not spread. As a property manager in Dallas, it’s likely the best thing t...