Bedford Property Management Blog

Hiring A HOA Property Manager

Hiring a property manager is an easy decision for landlords who donât want to worry about the day-to-day hassles of running a rental property. When it comes to Homeowners Associations (HOA), however, the decision isnât so cut and dry. Typically, an HOA exists...

Homestead Exemption in Texas

Please see the attached flyer for information about Homestead Exemptions, why they are important, and how to file.

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, y...

How much should I rent my property for?

PMI Metroplex Properties has several sources to assess the right rent to get your property leased up quickly. The MLS is a good source to see what similar homes nearby are renting for and allows us to compare properties in similar condition. We recommend looking at homes that hav...

How often should I be changing my AC filter?

Quick video on the reasons why you should change your AC Filter monthly. Your system doesn't have to run as long, this saves the tenant money on their electric bill, but most importantly this saves wear and tear on your unit, which makes it last longer, which saves you money! Wat...

How often should you change your AC Filter Part 2

This is a follow-up video to how often you should change your AC Filter. Nathan shows you the inside of an AC unit that has not changed out the filters often enough. Take a look at what happens and why you should change them out regularly. A good reminder is when you get your ele...

How to handle rental property maintenance

One of the benefits of hiring a property manager are the cost savings you will see when it is time to perform maintenance. Things happen and at some point you will need to fix something, from an AC system, dishwasher, water heater, or a backed up sewer line. If you are the one se...

How to Keep Pests Out of Your Home as Winter Approaches

Winter is coming, and with it comes frigid temperatures that can make your home more susceptible to pests. Pests like mice, rats, and ants love to take refuge in nice warm homes during the winter months. If you want to avoid having these creatures invade your space this year, rea...

How to Manage Security Deposits

Property managers should always require a refundable security deposit in residential property management properties. This deposit should be kept in a separate account for trust or escrow funds and will be returned to the tenant in part or in full once the tenant has moved...

Importance of Association Management Meeting Minutes

Meetings are rarely on anyoneâs list of favorite things to do â and keeping meeting minutes is even worse. However, timely, accurate minutes are important, especially if decisions are being made about your home and community. Ideally, after the conclusion of an ...