When you’re a rental property owner, there’s a lot of things you have to worry about. Is the roof leaking? Are the tenants damaging anything? With a lot of worries and often times inexperience, mistakes are made. As property managers, we see the same mistakes being made by property owners over and over again. For your rental property, here are a few things you should avoid doing.
Not Evicting Tenants Immediately
Many first time landlords try to be understanding toward their tenants if they can’t pay on time. While being empathetic towards people is one thing, it’s important that you aren’t being taken advantage of. When tenants are paying late, you need to charge late fees. If your tenants simply aren’t paying rent, then you need to evict them. Our eviction services are fast and handle the hard parts for you.
Skipping the Tenant Background Checks
When you skip doing background checks or credit checks, you’re taking a huge risk. These are incredibly important for screening potential tenants that want to rent from you. For example, do you really want someone with prior felonies living in your single family home? Probably not, but without proper tenant screening, you’ll never know about it until it’s too late.
At HUNTAHOME, before we rent your property to anyone, we do a thorough credit and background check to make sure that every adult living on the property is who you’d want there.
Underestimating the Maintenance
Every home, store, and business will need occasional maintenance. That’s just part of property ownership. As a landlord, you’re required to perform any maintenance that needs to be done as well as all the regular upkeep. If you own multiple properties, then this can be time consuming. If this is something you’d prefer someone else do, then a property management company like ours can deal with it. We handle maintenance, repairs, and scheduling times with tenants for work to be done.
Not Hiring a Property Manager
For landlords that don’t want to deal with headaches and people, then using a property manager is ideal. We take care of everything from evictions to communicating with the tenants on your behalf. Property managers are perfect for the property owner who just wants a check at the end of the month.
HUNTAHOME Manages Dallas Area Properties
If you’re a property owner or hedge fund needing someone to manage your Dallas rental, then we can help. We have years of industry experience and enjoy working with both landlords and tenants. Get in touch with us if you have questions or would like to set up a meeting.