DIY is a big thing in McKinney, Texas. It’s the land of single-family homes, and many take care of things “themselves” such as cutting their own lawn or doing their own painting and decorating. Some people will even go as far as to carry out electrical work or build a wall in the yard themselves. But DIY isn’t your best choice when it comes to McKinney rental property managers.
You may have inherited a second home or perhaps you have to move to another city for a year or two for work reasons. Whatever the cause, you now have a home that you are not occupying and – quite naturally – want to rent out. You don’t want to sell because if you are only away for a year or two you want to come back to McKinney, and property prices go up in the long term as well, so even if you have inherited a property you are better off renting it out.
Renting Out A Property Can Be A Lot Of Hard Work
However, renting a property yourself can involve a lot of hard work. There is a lot to do. You have to make sure that you comply with the Texas Property Rental Codes and ensure that the property is clean and fit for habitation. You also have to deal with all the home-owner association and city concerns including the registration of a rental property and have the property inspected before it is occupied by a tenant.
Then you have to advertise it, obviously, but in order to let it as quickly as possible, you have to know the best places to advertise because otherwise, it could be on the market for weeks on end. When you get an application from a potential tenant you need to gather as much information as you can about the tenant, including carrying out a check on their credit rating. You also need such things as lead-based paint disclosure, if applicable, and a pool liability waiver.
If you accept the tenant, you will need to collect a deposit and arrange for monthly rental payments. If the tenant starts to fall behind with payments, then you have another big problem. It may come to the point where you have to evict the tenant, which involves the court, a writ of possession, and enforcing the writ in person.
On the other hand, as McKinney rental property managers, you could always let us take care of all that for you.
Indeed, when you use us as your McKinney rental property managers there is only one thing that you have to do, and that is to bank the rent check we send you every month.