Dallas Property Management Expectations

Dallas Property Management Expectations

What Dallas Homeowners Can Expect From a Professional Property Management Company - article banner

As you’re searching for professional Dallas property management, it’s important to choose property managers who understand and meet your needs. A professional management company should handle everything from leasing to management to maintenance and accounting.

Almost any company you choose can collect rent and schedule repairs. Set your standards high. You should expect your property managers to communicate well and hold tenants accountable. They should have systems in place that will support a successful and profitable investment experience.

Professional Dallas Leasing Services

A good property management company will find and place a qualified tenant. There are several things that have to happen before you’ve leased your property, however. You should expect that your property manager will also take care of those details, which include:

  • Preparing the property for the rental market
  • Accurately pricing the property
  • Taking high quality marketing photos
  • Strategically advertising the home

Your property manager will arrange showings, follow up with prospects, and take care of the application process.

Rigorous tenant screening is a must, and it should be consistent and compliant with all fair housing laws. Once a tenant has been approved, a full-service property managers will collect the security deposit and other move-in funds. Then they will go over the lease, and conduct the move-in inspection. This ultimately documents the condition of your home when the tenants take possession.

Communication and Tenant Relationships

With a tenant in place, you should expect responsive and accessible communication. You’ll want a property manager who communicates well with you. As well as, you want to be sure they’re available to the tenants. When your renter has a maintenance issue or question about rent, your management company needs to be able to respond.

A good tenant relationship is going to lead to a better rental experience for everyone. You should expect your management company to invest in getting to know your tenants and serving them respectfully and professionally.

Emergency, Routine, and Preventative Maintenance

Every day-to-day operational issue will be the responsibility of your property manager. They will take care of all the logistics associated with your Dallas rental property. This will include collecting rent, enforcing the lease, managing questions from tenants, and responding to any maintenance or repair issues.

Your property manager should be available 24 hours a day and seven days a week to take care of emergencies. If the water heater explodes or the A/C stops working,  your management company should  protect the tenants and your investment.

Routine maintenance is also part of what your property management company will do. You can expect them to have access to a reliable team of vendors and contractors. All of which are licensed, insured, and willing to stand behind their work. Preventative maintenance should also be part of the services you receive. When a property manager is keeping a close eye on your home, you’ll have fewer surprises and less expensive repairs.

Expect Rental Property Accounting and Bookkeeping

When it comes to property management accounting, you should expect detailed and transparent accounts and statements. Your property manager should always keep you informed on the income and expenses associated with your investment. You should have all the forms and documentation you need at tax time.

Look for a reliable online portal. You should be able to log onto your owner portal and see all of your statements. As well as, be able to inspect documents such as leases, invoices, and inspection reports. With the right technology, your property management company will be able to collect and pay rent electronically. Plus, provide an easy and secure way to communicate.

Property managerA Dallas property management company will provide a full range of services and offer you peace of mind. If you have any questions about what to expect, contact us at OmniKey Realty.

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