The Colony Property Management

Let us manage your The Colony rental property

The Colony Property Management

Deciding to rent your home out to a tenant is not easy. Most landlords are either a member of the military who is facing deployment, a homeowner who cannot sell a house and is thinking about renting it out, or a real estate investor with lots of experience and an entire portfolio of properties. Whatever type of landlord you are, you need expertise to do it right.

Being a landlord is a full-time job. You have to be prepared to approach it that way. Here are some of the things required of you:

  • Pricing your home at a rent consistent with the market value and avoids long term vacancy
  • Marketing your property in the right places.
  • Compliance with all federal, state and housing laws in your advertising
  • Screening applicants who are serious about renting your home
  • Showing your property at times that are convenient for potential renters
  • Stay in contact with prospective tenants after they have viewed the property
  • Doing extensive background checks on applicants
  • Writing a lease that is legally enforceable
  • Collect and handle security deposits, placing them in escrow accounts
  • Inspect and document the condition of the property before move in
  • Understand and follow all landlord and tenant laws
  • Respond to tenant repair requests and maintenance issues 24/7
  • Schedule vendors for repair work
  • Making payments to vendors for completed work
  • Collecting monthly rent payments and chasing down late rent
  • Keeping an accounting system of rent, expenses and income
  • Handle problem tenants who cause damage or violate the lease or HOA requirements
  • Execute evictions when necessary
  • Regular inspections to ensure the tenant is taking care of your property and following the lease
  • Collecting back rent from former tenants
  • Completing a move out inspection
  • Return the security deposit to tenants within required number of days
  • Get your home ready during the vacancy for the next tenant
  • Start from the beginning with a new tenant

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You have to ask yourself if being a landlord is worth your time and other resources. You probably have a full time job already, and a family that you enjoy spending time with. Do you really want to invest the time and energy it takes to manage property correctly?

Benefits of using Flat Fee Landlord

  • No hassle management
  • Monthly owner statements
  • Online Owner Portal Access
  • Industry leading marketing tools
  • 24/7 maintenance request handling
  • Prompt Response to Tenant Requests
  • Low vacancy rate
  • Low time on market
  • Industry specific local knowledge

What we do as your The Colony property manager:

  • Fill vacancies
  • Advertise your rental
  • Handle tenant inquiries
  • Background and credit investigations
  • Application processing
  • Lease signing
  • Full service repair
  • Rent collection
  • Accounting
  • Coordinate Evictions

The Colony Area Information

The Colony Property Managers

The Colony is a city in Denton County, Texas, United States, and a suburb of Dallas. The population was 36,328 at the 2010 census.

The Colony is home to the Five Star Athletic Complex, completed in 2003. The Colony was named the Sports Illustrated 50th Anniversary Sports Town of The United States in that same year. The city is home to Pizza Inn's corporate headquarters, as well as an Edward Don[5] distribution center and a variety of small and medium-sized businesses. The Grandscape development, anchored by Nebraska Furniture Mart, is driving a new development boom in the city. Source from Wikipedia

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