This is the second in our series on landlords and property management. Being a landlord can be great, but it is not without its challenges. Rental properties are excellent investment vehicles but managing them yourself can be a big task—from finding reliable tenants and maintaining your property to keeping up with legal compliance.

The DIY approach in property management selected by many landlords can save costs but managing that rental property without the appropriate professional help can be time-consuming and stressful, to say the least. For owners of single-family homes in Plano, Richardson, and Allen, Texas, the smarter option will be to partner with a professional property management company like North Texas Property Management. From adulting and money hacks to lifestyle and home tips, we cover all aspects of priorities right now.

North Texas Property Management specializes in single-family home rentals while many other property management companies specialize in large apartment complexes. Our single-family home focus enables us to customize support that suits their specific needs, which are typically less “set and forget” type, and more garbage-in-garbage-out. No matter if you own a single-family home in Plano, Richardson, or Allen, our team possesses market knowledge and insight into what single-family tenants look for. We have a proven process for marketing rental properties in a way that works, have the data to price your rent competitively and we know how to keep your property rentable. Proper property management is a key aspect of securing a good ROI (Return on Investment). A nightmare tenant can be late on the rent, cause damage to the property, and even end up in a legal battle. We conduct a thorough tenant screening process to place responsible and high-quality tenants on your property. We conduct tenant screening and background checks, credit checks, rental history, and employment verification to help you find tenants who pay rent on time, respect your property, and adhere to lease provisions. When you collaborate with us the risk of bad tenants is reduced, so you can rest assured knowing that your rental income will be stable in the long term.

Managing your rental property and collecting rent or dealing with maintenance can be very time-consuming and stressful when you do it yourself. We make rent collection simple and effective, ensuring that you get paid on time, every month. We also manage all the upkeep issues, big and small, so that your property is well-maintained, and your tenants are happy. We deal with simple fixes as well as emergencies to which you need to respond promptly to avoid having an unhappy tenant. Property management is a very regulated; there are plenty of rules to follow like performance standards, leases, and security deposits based on both local and state laws. For landlords who are new to the potential maze of legal issues, it can be as challenging. We ensure that your property is in complete adherence to every legal requirement, handling everything from lease creation and enforcement to eviction proceedings when necessary. The insight and service our team provides means you do not have to have knowledge of all the local, state, and federal laws and ensure you follow them.

More Time for What Is Most Important

We can oversee the daily aspects of property management, so you can spend your time doing what matters to you—growing your investment portfolio (or other investments), spending time with your family, or building another business. Handing over the responsibilities to us for managing your property helps you to know that your investment is safe. We’ll take care of the details, and you’ll reap the rewards.” While managing a rental property might initially seem like an effortless way to save money, in reality, it often turns into more trouble than it is worth. When you work with North Texas Property Management, in contrast, the whole process becomes much more manageable. With our expertise in tenant screening, rent collection, maintenance, and legal compliance, you can rest assured that your rental income is maximized, tenants are happy, and your property is well maintained. Let us take care of the complexities of property management, so you can focus on the things that matter most.