Property Management Frequently Asked Questions
No. We work for you and our written property management agreement sets the parameters.
No You maintain your own insurance agent, unless you choose our Platinum property management package.
We have a 24/7 Maintenance Emergency line to handle maintenance emergencies only.
Yes. In most cases we have found that our fees are more than offset by our ability to obtain higher rents, less delinquency, and faster turnaround of vacating units. We also maintain a pool of qualified repair people who offer us the best price available due to the large volume of business we can offer them. Visit our Property Management Overview for more information about our property management packages.
Yes. In compliance with Texas Law, the tenant’s security deposit is kept in an escrow account. The move-out inspection and digital pictures document the condition of your property and any damages beyond normal wear and tear and are deducted from the security deposit, along with any other money owed by the tenant. The balance is returned to the tenant within 30 days as required by Texas Property Code.
Yes. We will place a sign on the property and list the vacancy on our website and many other websites, so that prospective tenants can view and receive all the details of the property.
Yes. Our 24-Hour Emergency Maintenance Hotline will take all calls and will page us in case of an emergency. We will talk with the tenant to determine how best to proceed.
Yes. We will communicate with you throughout our contract. We will inform you when a qualified tenant is found; we will contact you at reasonable times to discuss repairs; we will notify you of the tenants vacate request. Plus, throughout the contract, we will keep you aware of any issues that may arise.
Yes. We specialize in the management of residential properties. Our portfolio contains single-family homes and duplexes.
Yes. Our online application is designed to generate complete information from each prospective tenant. We process all applications in-house and verify all information on each application. In general, an applicant must have good rental history (not from friends or relatives), have 3 times the rent rate in stable and verifiable household income, and possess an acceptable credit history. Visit our page about Tenant Screening for more information.
Yes. We will gladly contact the company you specify as long as they are actually licensed, insured, and also comply with our policies.
No. DFW Properties deposits rents on a daily basis through our automated check deposit system. Rent is disbursed to owners or investors by the 10th of every month or following business day. Owners receive rent payments via direct deposit (ACH) to your bank account. Visit our page about Property Owner Statements for more information.
Yes, if you select our Gold or Platinum property management package, we will gladly pay your utility bills or have them serviced through DFW Property Management.com LLC account. With the Platinum package, we can also pay your HOA dues, insurance, property tax, and mortgage. There must of course be sufficient cash flow from the property to cover such expenses, and we may require you to set up a reserve fund for this purpose.
Yes. Please visit our Property Management Options page to compare our packages, or call us for more information
No. We can help you sell your property if you would like us to, but it is not a requirement of our management contract.
No. We don’t charge for copies, long distance calls, mileage or other incidentals, and we don’t mark up maintenance or repair costs.
Yes. Pets are not allowed without your permission and an additional non-refundable pet deposit is required. We may charge a higher pet deposit at the owner’s request. We do not allow aggressive breed animals. Please refer to our Pet Criteria for more information.
Yes. DFW Property Management.com LLC is a licensed broker by the Texas Real Estate Commission. We are also members of the National Association of Realtors and the National Association of Residential Property Managers and an accredited member of the Better Business Bureau.
No, unless the law mandates it.
We will sign the lease on your behalf, and send you a copy once all the tenants have signed it.