Did you know there are 28,200 property managers in Texas? The only state with more of these professionals is California. But here’s the thing: Just because there are tens of thousands of property managers in The Lone Star State doesn’t mean all of them are the right fit for you.
If you buy an investment property and need help managing it, you need the right service provider. Selecting the first name you come across in an online directory isn’t a good strategy.
When you choose the right help, your property ownership experience will be better. Having a service provider on your team will also make it easier to add to your portfolio over time. You’ll have the help you need from a company that knows the ins and outs of the process.
So that you know how to find a property manager, here are five things to remember as you search.
Ensure your property manager is close to your rental property. If your single-family or multi-family rental property is in Austin, find a service provider offering Austin property management. Similarly, if your rental unit is in a community in Houston, your best bet is to find a company providing Houston property management services to property owners in that city.
You’ll want a property manager that can provide whatever range of services you need. It’ll be much easier. And if its crews are nearby, it’ll be easier for them to perform maintenance and repairs. So, if you have a rental property in Houston but live two and a half hours away in Austin, you’ll want a service provider that can easily manage your rental unit.
With the help of a property manager, you can count on the company to provide landlord services. That’ll be easier if the property manager is near your rental unit. So, don’t get duped into believing that a company with no office or employees in your area can offer what you need.
What specific help do you require from a property manager? You might want a service provider to fill in as the landlord and delegate all such responsibilities. Another option is to ask a property management firm to perform only the duties you don’t want to do, don’t have time to do, or don’t know how to do. Find and hire a property manager that offers what you need.
At Green Residential, we offer all the services an investment property owner in Austin or Houston could ever need. This includes services like the following:
You can learn more about these service options by checking out our home page and clicking on the relevant links. You can also take advantage of our owners portal and tenant portal to make things even easier for you — and your tenants — as a rental property owner.
What this means is we offer services property owners are looking for. The last thing you want is to hire a company that doesn’t have the range of services you require. You’ll want to back out of that type of situation quickly to avoid a case of buyer’s remorse
One way to figure out how a property manager will treat you is to see how they treat other property managers. That’s where online reviews come into the picture. Yes, getting feedback from people you know and whose opinions you trust is the best type of recommendation. But don’t discount the opinions of property owners in Houston and Austin who take the time to post reviews about service providers helping people who own investment properties.
You’ll find that we have many 5-star reviews from happy property owners in Houston and Texas. And we offer the best services, whether you own one rental property or multiple rental properties. It’s about assisting people to protect their real estate and take care of their tenants.
When you hire a property manager, you invest in your rental property. And that’s a great investment — as long as you team up with the right service provider. That’s one reason you should focus on reputation by seeing how property owners assess their service providers. You can avoid many problems by factoring reviews into your decision-making process.
Find a property manager that is licensed. Licensing is required in Texas if the property manager is compensated for leasing or showing a property for a rental property owner. Licensing is also needed if the property management firm accepts or deposits rent from a tenant occupying a single-family unit.
So, avoid shortcuts. Don’t hire an unlicensed service provider — even if it offers lower rates. It’s against the law to work with an unlicensed property manager. Doing so can also place you in an unenviable situation if there’s a problem. It can be hard to seek redress if you entered into an illegal pact in the first place. It’s best to find a licensed service provider.
You’ll also want to consider the service provider’s track record. Good reviews are great. But it makes sense to ask any property manager you’re considering for information on the average time the property manager takes to fill a vacant unit. You’ll only make money if tenants occupy the units, so knowing how successful the property management firm is matters.
Whether you own a single rental property or a portfolio, we have you covered at Green Residential. We specialize in helping property owners manage their rental units and take good care of their tenants. You don’t have to look any further for property management in Houston or Texas. For a confidential consultation or to ask any questions, get in touch. We’ll work out a plan that works for you and your tenants.
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