Property Management Blog

How much should I be budgeting for repairs of my rental property?

I have had an owner who wasn’t budgeting for repairs ask me how much they should budget per year. As a general rule of thumb, expect to pay somewhere between 8-10% of your rental income for the year on repairs (repairs, maintenance, turnovers). Another way to look at this is, you should expect to pay about the equivalent of one mont...

Spring Forward

It is time to spring forward and leave those winter blues behind!We all know to check our smoke alarm batteries when we make the change for daylight savings, but there are a few more maintenance items you should consider that are easy to forget and can prevent some headaches in the future. Here is a handy checklist to consider:1) Check yo...

PROPERTY MANAGEMENT INC OPENS NEW OFFICE, PMI METROPLEX, SERVING THE GREATER DFW METROPLEX

BEDFORD, TX, February 18, 2019 -- Property Management Inc. Metroplex (PMI) announces the upcoming grand opening event to celebrate the opening of its new office located in the Mid-Cities on Tuesday, February 19, 2019.  PMI Metroplex is a full-service property management company providing both residential and commercial property manag...

Cold Weather Precautions

It is that time of year again. Be sure to cover outside water faucets to prevent broken pipes before the freezing temperatures arrive. Walk the perimeter of your home and seal up any holes dime-sized or bigger to prevent rodents from entering. If you have pets, be alert for coyotes as January/February is their breeding season and we typic...

Cooler season leads to unwanted guests

The dropping temperatures make us all want to bundle up inside where it is warm and this is no difference for the rodents, squirrels, and possums in our neighborhoods. If a mouse/rat can get it's head in a hole it can also get the rest of its body through. A hole in your home as small as a dime will allow field mice in where it is war...

Self-managed HOA Boards and Reserve Studies

I have had the opportunity to talk to many HOA’s in the DFW Metroplex. I have noticed a disturbing trend; Many HOA’s have never heard of a reserve study or contracted to have one created. You simply cannot formulate an accurate annual budget without the information a reserve study provides.As a result of the lack of a reserve ...

Attitude

I recently posted a blog entry about rental scams. The amount of time I spent dealing with people calling to verify the price of that house really soaked up a lot of my time. Valuable time that I could have spent generating more business and putting food on my families table. I don't normally post things of this type, but this morning...

When searching for rental property beware of scams!

I recently had a scammer duplicate one of my listings on Zillow. He posted it early on a Sunday morning. My opinion is that he knows that Zillow does not respond to notifications of false listings either through their app or email on Sundays and this scammer was able to have his fake ad read by many people for over 24 hours. He copied my ...

Why I Decided to Become an SRES – Seniors Real Estate Specialist May 23, 2018

I write this blog entry after having lost both my parents within exactly two weeks of each other just this past April. I’m not looking for sympathy, I just wanted to give some of my background dealing with elder care so you can see that I didn’t just take a class, pass a test, and receive a designation without any real life ex...

"Where We Live" - Hurst, Texas Summer 2018

Summer is a great time in Texas. Read all about the activities coming up this summer in Hurst! Click Here!