Should I Hire a Dallas Property Manager For My Out-of-State Investment Property?

Should I Hire a Dallas Property Manager For My Out-of-State Investment Property?

Should I Hire a Dallas Property Manager For My Out-of-State Investment Property - article banner

Hiring a Dallas property manager when you’re living out of state or even out of the country is crucial. There are three specific reasons this is necessary:

  • You need a local expert to protect your investment property.
  • You need someone nearby to respond to maintenance and repairs.
  • You need to know your tenants are being cared for and held accountable.

Dallas is a popular market for investors from elsewhere. You can’t effectively manage your property from afar without a lot of risk and unexpected costs.

Out-of-State Investors Need Good Communication to Protect Their Investments

It’s always important for property managers to communicate well with their owners, but when those owners live far away from their investments, communication is even more essential.

Out-of-state investors need a property manager who can facilitate easy communication. You want to know how your property is performing. We provide an online portal, where you can see everything from rental payments to accounting statements and inspection reports. It’s also an effective way to get in touch with us – you can send a message or ask a question easily, and we’ll respond as soon as possible.

This type of technology and proactive communication helps investors to feel secure. You know your property is in good hands, and that it’s being managed by experts who are ensuring the day-to-day management is smooth, efficient, and without distressing conflicts or problems.

Preventative, Routine, and Emergency Maintenance

One of the most important reasons to work with a local Dallas property manager when you’re out of state is maintenance. Every rental property will need repairs at some point, and you will you’re your tenants to help take care of your investment.

You cannot respond to maintenance issues with urgency from where you are, even if you know people in the area. You can’t be sure a vendor will be found at the moment they’re needed. You don’t know what repair work typically costs in the Dallas area.

You’ll need a management company to answer the phone 24 hours a day in case there’s a fire or a flood or some other disaster at the rental home which requires an immediate response.

We take care of routine maintenance right away and we have an emergency hotline for after-hours incidents. We have preventative plans in place so that your investment remains in excellent condition and growing in value.

Our Dallas property management team conducts thorough move-in, move-out, and mid-term inspections. We will be at the property eve when you can’t, and you’ll find detailed inspection reports with photos uploaded into your portal.

Retaining Your Best Dallas Tenants

As an out-of-state investor, you’ll also lean heavily on your property managers when it comes to finding, placing, and retaining high-quality residents. We take care of the entire tenant relationship, and because we work well with our residents, we’re able to reduce and even eliminate late rental payments, lease violations, and property damage.

Our tenants know what we expect from them, and we communicate openly and transparently. We hold them accountable for on-time rental payments and all the other responsibilities in their lease agreements.

Investment propertyIf you’re an out-of-state investor who owns rental homes in Dallas or is considering an investment property here, please contact us. We can help you earn more on your Dallas investment property, and we’ll ensure your tenants have a pleasant rental experience as well. Get in touch with our team at OmniKey Realty.

Questions? Get In Touch