Budgeting for Routine Maintenance & Emergency Repairs | Killeen Property Investment Advice
When you own a Killeen rental property, you’re earning short-term cash flow and long-term ROI while your asset appreciates in value.
When you own a Killeen rental property, you’re earning short-term cash flow and long-term ROI while your asset appreciates in value.
One of the areas that disputes between landlords and tenants are most common is security deposits. Landlords may want to charge for things that are simply wear and tear items for which they are responsible, and tenants always think they’ve left the home in perfect condition.
When you work with Shine Residential Management, we’ll ask you to include our company as an additional insured on your landlord policy. This is to ensure we are on the same page and mutually protected in the event of a claim or lawsuit.
When you work with a Killeen property management company, you should feel comfortable setting high expectations for value and service. It’s important to interview several companies before deciding which to hire. These interviews are a good opportunity to ensure you and your property manager are on the same page in terms of scope of work, communication, and operations. You want your business values to align with their business values, and you also want to be sure you can trust them to deliver what they promise.
Tenant screening is vital. With a good screening process, you’ll decrease your eviction risk and increase your profitability.
Landlords are understandably confused and frustrated by the property management fees they’re often charged. We’ve noticed that a lot of management companies will charge a percentage of the monthly rent plus additional fees for everything from maintenance to rent collection.