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“Grounded Investments uses Real Property Management in Dallas exclusively for managing our rental properties. We specialize in buying, selling, and managing Bulk Portfolios of residential property. We are one of a few select companies, which are allowed to buy directly from the largest banks and due to the high volume of transactions and time constraints, we needed a company that could accommodate our needs by handling inspections, remodeling the homes, and leasing them quickly to qualified tenants. RPM has been able to meet our many needs and has allowed us to provide an effective strategy for our individual investors. They can buy rental houses at wholesale prices and Real Property Management will handle their property management needs or just provide leasing services to those investors who wish to manage the homes themselves.

We work closely with Real Property Management to help us determine the best areas, types of properties, and the price ranges to purchase these rental properties, which provides our customers the best opportunity to maximize their return on investment. Real Property Management has assisted us and allowed us to expand our services and knowledge of the rental markets, which has directly benefited our clients. We feel they are the best property management company in Dallas and Fort Worth.”

 

John Heilman, President
Grounded Investments, LLC

 

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Returning the Deposit for your Condo Management Home Houston PDF Print E-mail
Thursday, 10 November 2011 13:13
One of the largest issues that landlords have with their Houston condo is returning the security deposit when tenants move out. Something that may seem simple in the beginning can turn into quite an ordeal ending with you and the tenant in court. This is why it is important to follow certain guidelines to protect yourself, your home and your tenants.
  1. A camera is your best friend – As the property manager in Houston, you should take photos of the condo before the tenant moves in and again once the tenant moves out of the home. This is the best proof for how the property actually looked before and after it was rented. Once you have made any repairs, take photos again.
  2. Know your time limits – Be sure that in your condo management Houston rentals, you are aware of the time limits you have to inform the tenant of withholding any deposit. In most areas you have 3 weeks from the receipt of the new address or the tenant moving out to inform them of any withholding of the deposit or to get the deposit to them.
  3. Nothing left – Even if there is nothing left of the security deposit, you must write a letter informing the tenant why and what was deducted from it.
  4. Do not give approximations – As part of your property management in Houston you should never estimate the costs of repairs on the home. Keep records of the real numbers and subtract it from the deposit. Without receipts you can lose your case if it goes to court.

Following these tips are good ideas for managing your condo rental to help protect you when it comes time for the tenant to move out. Don't let yourself end up in a situation where you are not prepared to defend why you did not return the security deposit. As a Houston property manager you should always have proof of everything concerning your rental property.

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Houston Office:

7155 Old Katy Road, Suite S222
Houston, TX 77024
Office:  713-830-1888
Sales:  713-481-1851
Fax: (281) 727-0347

Areas Serviced

Property Management Houston manages properties in Houston, Katy, Richmond, Sugarland, Cypress, Humble, Spring, The Woodlands, Baytown, Missouri City, Pearland, Bellaire, Clear Lake, Pasadena, Woodlands, Galleria, Heights, Inner Loop, Medical Center, Meyerland, Midtown, Montrose, Museum District, Cottage Grove, & surrounding areas.