Property managers are instrumental in keeping property occupied and well maintained. They also ensure that the tenants are happy with the property and pay rent on time. Here is a list of questions to ask a property manager before actually hiring one.
1. What’s Your Experience As A Property Manager?
Be sure to know for how many years the property managers have been doing their job. Ask questions that will give you a peek into their knowledge about the property management field.
2. How Many Properties Do You Currently Manage?
The reason for asking this question is to ensure that the property manager you are interested in is not overloaded with work. They should be able to manage your property effectively.
3. What Services Do You Offer?
You should look for a property manager who can market, lease, manage and even sell property in addition to providing great maintenance, inspection and screening services.
4. What Do You Do If A Tenant Is In Arrears?
A property manager should be able to clearly provide you with the details of the company’s policies in case a tenant defaults in making payments. Ask them particulars such as when to expect money in your account, the measures that the property manager will employ to extract rent and whether he/she will enforce late fees or not.
5. What Are The Provisions Regarding Urgent Maintenance?
Ask how the agency plans to deal with urgent conditions and whether they will provide emergency maintenance services or not.
6. What Marketing Strategies Will Be Adopted By The Agency To Attract Tenants?
A good property manager should have a clear marketing strategy to fetch you quality tenants. They should have a plan on how to advertize the property, and should be willing to conduct in-house inspections on weekends or after standard business hours.
7. What Is The Process Of Screening Tenants?
Thorough screening procedures are signs of a good property manager. They should have an elaborate database of quality tenants. The screening process would involve assessing the credit worthiness, rental history, employment status etc.
8. What Is The Cost Of Managing The Property?
The property dealer should provide you with information regarding management fee, administration fee etc. along with total cost that would be asked in return of the services they provide.
For more information, contact Lone Star Realty & Property Management, Inc. We are located at 1020 W Jasper Drive, Killeen, TX 76542. You can also call us at (254) 699 – 7003.
Upgrading your rental home by getting some repair and maintenance done is a sure shot way to increase the rental property’s value. Such upgrades pay off later in the form of higher rental rates. Here are some inexpensive upgrades that will yield maximum benefits.
Hiring the services of a landscaper for improving the outer appearance of the rental property can do wonders. Some pruning and decorative touches like hanging baskets, mowing the lawn etc. will do the trick.
2. The Front Door
The front door is the first thing to catch the attention of a prospective tenant. Repaint an old door or replace it with a new one. An impressive front door makes the property look like it has been cared for.
This is a low cost option of instantly revving up any property. A fresh coat of paint brightens up a house making it look appealing and welcoming. Use neutral paint so that the tenants can later add colors as per their taste.
4. Upgrade Appliances
It’s good to regularly maintain appliances to keep them in good condition. However, after old tenants leave and before new ones step in, check whether any appliances need to be repaired or replaced. Appliances in working order always give a good impression and increase worth of the property.
5. Window Treatments
Replace old, worn out and outdated window treatments with new ones. It instantly lends a new and fresh look to the property, thus adding value to it.
Upgrade the lighting of the house to make it look brighter and more inviting. Use soft lights in bedrooms and bright ones in the kitchen. Also clean the lighting fixtures and update broken ones.
The payback on investing in new flooring is huge. You can start with single prominent rooms like the kitchen or bathroom if you are on a limited budget. Also, you can restore old floors to give them a new and clean look.
8. Kitchen Cabinets
Try repainting kitchen cabinet doors or replacing them for a new look. You can also remove the doors to convert them into open shelves.
9. Bathroom Overhaul
Revamp your bathroom with water efficient toilets and showers, change the tiles, repaint the walls, etc. An attractive, clean and modern bathroom adds value to the whole house.
10. A Dry Basement
If your home has a basement, make the necessary upgradations to keep it dry and free of damp smells. You can hire an expert to add a drywall, insulation or laminate flooring to prevent leaks and excessive moisture. Work on improving the lighting and furnishings.
For more information, contact Lone Star Realty & Property Management, Inc. We are located at 1020 West Jasper Drive, Killeen, TX 76542. You can also call us at (254) 699–7003.