Deciding on a management company to help you manage your real estate investment is an important decision. Managing it properly while following the tenant laws in Texas can be a difficult task at IRG Real Estate we have been doing this for quite some time and are continually keeping up with the changes, that's why owner's depend on us for our management services. Use this page as a tool to help you make a decision on whether property management services are for you. Please contact us if you any questions in your decision making process.
Market Comparisons for Rentals
With the increasing rental market it is important to understand the market trends when determining the rent amount for your property. One thing to consider is how long you can wait to find a tenant willing to pay what you're asking. In the past during a strong market, renters were in line waiting to rent homes and homes rented pretty quickly. Right now we are in a softer market and pricing competitively and, as necessary, aggressively is key to getting your home rented. To help make the decision you should consider what the loss for a twelve-month period comparatively is. Ex: If you want or need to get $1600.00 a month in rent and the home is vacant for 3 months because the market value is really $1500 per month, you are losing a total of $4800.00 in rent plus any expenses (utilities etc) during that time. This means over a 1-year leasing period you stand to only lose $1200.00 if you reduce the rent to $1,500.00 instead of the $4800.00
We do a market analysis utilizing the current MLS data which offers the most accurate data on market pricing. We do want our owner to net the most amount that they can from their property but we ask for owners to be flexible with us when the price needs to be lowered.
Texas Property Code
Owning an investment property can be beneficial and trying at the same time. Some would even say scary because it can also leave your personal assets visible. Tenancy laws can be taxing to learn but it is important to know both your rights and the tenants’ rights. We are pros on dealing with tenancy issues, and our property management services help alleviate a lot of the frustrations and fears, but if you like to be an educated owner, check out the Texas Property code regarding landlords and tenants and of course feel free contact us should you have any questions.
When you’re ready to sell
IRG Real Estate is a flexible service brokerage, typically when you go to a real estate agent their fee is 6% of the sales price for services rendered. This can be thousands of dollars, but because we have already been working with you we have everything we need to get the ball rolling on the listing for sale, which allows us to list the property for you at a discounted cost. When the time comes for you to sell your property contact us and we will help you get it done.