People do manage their own rental properties, but it’s not always the best option. In addition to taking care of maintenance, you need to know the rules and laws that govern leases in Texas. Here are just a few of the issues that could crop up with your property:
- When are you required to change locks?
- What can you deduct from a security deposit?
- Where are smoke detectors required?
- What happens when there’s a plumbing leak or the AC doesn’t come on?
- What will you do if there’s a burglary?
- What are your options if the tenant stops paying rent?
- What can you do if the tenant leaves before the end of the lease?
- What’s the optimum amount for rent?
Fortunately, you can hire a Texas REALTOR® to handle all of the above—and more. Your REALTOR® can also collect rent, market your property, and a take care of other tasks that come with being a landlord.
To find a REALTOR® to manage your property, ask friends for a referral or use the Find a REALTOR® search on intinent.com.
Tenant is on a month to month lease. Landlord wants to sell the house. What trec notice form is required to give to tenant to have them move out two months from now?.
You made a good point that a commercial property management professional should know what to do in case of criminal activity. I’m considering to buy a real estate property in another city because of its low price and good condition. However, I think it would be necessary to have a property manager that lives in that city so that it would be more convenient for me.
It’s really important to know these ideas for property owners can refer through – save time and money.