Haggerty Company Property Management - El Paso, TX
@c21haggerty
Century 21 Haggerty Property Management is a veteran-owned full-service property management company serving the El Paso, TX metropolitan area. www.c21rentals.com
Moving out of your property? Your first thought might be to sell it. However, if you have the means and time to turn it into a rental property, why not take advantage of the investment opportunity. With a rental management company like Century 21 Haggerty on your side, you can make the most of this opportunity.
If it’s the right fit for your circumstances, property rentals can be a great way to generate income while simultaneously allowing your property to continue to grow in value to sell down the line. It takes a lot of work and comes with risks, but it can easily be a solid investment that provides rewards for years to come. Make your investment property journey easier by turning to Century 21Haggerty for your property management needs in El Paso, TX. Get in touch today. (915) 757-3445
Tenants are crafty, but we've seen it all. Go with a Property Management company that has the experience to look after your investment. Learn about C21 Haggerty Property Management and go to www.c21rentals.com to explore our property management services and get a free rental market analysis on your home.
El Paso Property Management company at its best. Top Property Managers in El Paso
Property Managers often have to work a balance towards pleasing clients that don't always share a common goal. Where you have a real estate investor who is trying to accomplish maximum returns while maintaining little expense, you in turn have a tenant who wants great value with affordable rent. Excellent customer service can be an effective way to accomplish getting your tenants the value that they want all while producing those ROI(return on investment) numbers that your rental property owners are looking for.
Century 21 Haggerty agents don't mess around when it comes to a Thanksgiving feast. And it's all about ingenuity and preparedness. Bring on the maternity pants to free the belly! Century 21 Haggerty Property Management www.c21rentals.com El Paso, TX
Machine learning is taking over the running of many industries. To some, it’s a sound of rather bad
Great information that we were happy to contribute to. AI(artificial intelligence) is beginning to find its way in all walks of business today. Century 21 Haggerty has always been an advocate in integrating the latest technologies to make for a more better customer experience and to help facilitate growth. We offer our insights into how it has been utilized in todays real estate and property management.
How to patch a nail or screw hole using DAP Dry Dex Spackling
Nick Haggerty and Richard Grant from Century 21 Haggerty go over how to patch a nail and screw hole as well as color matching the paint. They will work with DAP spackle and explain how to apply to the wall and then touch it up and paint over it.
This will come in very handy when tenants are moving out of their rental home and need to prepare the home to be turned back over to the property manager or the rental property owner.
This is also very handy for home owners that are selling their home and need to do some touch ups so that their home looks great during those listing showings. Don’t leave your wall full of holes or looking like a polka dot paradise!!! Special cameo by Brad Pitt!!
Ocean Spray - Skateboarding - Dreams - and Realtors
What do Century 21 Haggerty Realtors and Property Managers do in their down time? Pay tribute to one of the most feel good TikTok videos out right now from 420doggface208. Nick Haggerty does a little office tour with his Ocean Spray, skateboard and some Fleetwood Mac playing Dreams(excuse his lip synching skills). www.c21rentals.com
Deciding whether you want to sell or rent out your property is a very personal decision and there’s no single answer that’s right for everyone. It will depend on your financial situation and your plans for the future.
www.c21rentals.comDeciding whether you want to sell or rent out your property is a very personal decision and there’s no single answer that’s right for everyone. It will depend on your financial situation and your plans for the future.
Our team talks to investors and homeowners in El Paso who are moving into a different home or leaving the area for work or other responsibilities, and they’re not sure what to do with their property. Today, we’re helping you answer that question for yourself, and standing by to provide any additional tools, resources, or experience that you might need.
We’d be happy to talk through these issues with you, and to figure out the solution that will make the most sense for your bottom line and your peace of mind. Contact us at Century 21 Haggerty Property Management.
This week's agent training brings us BreakthroughBroker.com Part 1. Let's learn how to build out our first campaign using a door hanger to attract a listing. Tune in for part 2 and part 3 to figure out how to sell that listing and then how to multiply into multiple listings.
Whether you’re hoping to buy your first investment property or you’re looking to increase the diversity and wealth potential in your existing real estate portfolio, El Paso is an excellent market for investors interested in rental homes.
El Paso Rental Homes are Affordable
Entering the real estate market in a coastal city like San Francisco or New York is nearly impossible. Prices are high and inventory is tight. El Paso, on the other hand, is full of opportunities for investors of every level. The properties here are affordable, especially by national standards. It’s currently a buyers’ market, which means investors can find great homes for low prices. It allows you to start your investment process on a profitable and positive note.
El Paso Rents are High
There’s more good news for investors who are interested in an El Paso property: rents are high. In fact, you can often find neighborhoods where rental income will surpass the amount of your mortgage payment. This sets you up for some great cash flow and provides you with stable rental income even while your asset is appreciating and growing in value.
There’s a stable tenant pool in El Paso. You won’t have to worry about high turnover or vacancy rates. This stability makes the region a great area for investors.
El Paso Economics: Growth and Military
The El Paso economy also contributes to the desirability of the market for real estate investors. There are plenty of industries that are doing well in El Paso, and new companies are moving into the area all the time. This provides a great supply of residents who are looking for well-maintained homes.
There’s also the economic power of the military presence in El Paso. We’re very close to Fort Bliss, which has over 30,000 military personnel coming and going to the base to serve in the army. Often, these soldiers and their families are looking for housing, and that provides a lot of opportunity for landlords and rental property owners who have homes to offer our military.
Accessing El Paso Property Management
If you’re interested in investing in El Paso rental properties but you’re not local to the area or you’re not sure you have the time and the resources that are necessary to ensure a successful investment experience, don’t worry. There’s some great property management in El Paso , and companies like ours can help you have a profitable and a pleasant rental experience.
El Paso Property Management company at its best. Top Property Managers in El Paso and Las Cruces
Evictions are unpleasant and expensive, and when you’re looking for professional El Paso property management, make sure you’re working with a company that has a low eviction rate but a thorough understanding of the eviction process in Texas and how the landlord and tenant laws apply to removing a tenant from your property.
Texas Evictions and Court Procedures
In Texas, the eviction process cannot start until you have served your tenants with a Three Day Notice. Most evictions happen because the tenant isn’t paying rent. You can also evict when you notice a lease violation and the tenant refuses to comply with the rental agreement. However, most of the owners we work with are evicting because they cannot get their tenants to pay rent.
The Three Day Notice must be delivered in person or sent through the mail. After the three days have come and gone, if you still have not received the rent, you can go to court and file for the official eviction. It’s not a difficult process, but you have to be detail-oriented. Even a simple mistake can mean your case will be thrown out and you’ll have to start over.
Tenant Responses and Court Hearings
El Paso tends to be more pro-tenant when it comes to enforcing the landlord and tenant laws in Texas, but when you can prove that your tenant has not paid rent and you have the necessary documentation, you will be able to get your eviction without much trouble.
We are very good at documenting everything. We have innovative accounting software that makes it easy to demonstrate when rent is late and what we’ve done to try and collect it. This makes it easier for the courts to rule in our favor during an eviction. Documentation is critical.
One of the big misconceptions about eviction court is that tenants can show up for their eviction hearing and claim that they didn’t pay rent because the landlord didn’t fix something. This will not make nonpayment of rent acceptable and again – we document everything, including repair requests and follow-up. There is no way a tenant will get away with not paying rent when our team is managing your property.
We’re looking at the five most common mistakes that landlords make when they are screening tenants,
and how to avoid them.
Tenant screening
is an important part of renting out your El Paso property. When you are eager to fill your vacancy quickly, it’s easy to make a mistake. However, mistakes are expensive when it comes to screening. If you violate a fair housing law, for example, you can face fines and penalties that are thousands of dollars. And, if you don’t screen properly, you may place a bad tenant, which will only cause you stress and cost you money.
We’re looking at the five most common mistakes that landlords make when they are screening tenants, and how to avoid them.
Not Establishing Rental Criteria
The most important thing you can do before you begin screening tenants is to establish some rental criteria and be consistent about using that criteria. Everyone will have different standards for the tenants they approve. Maybe you want someone who has been employed at the same place for at least two years. Perhaps you’re looking for a credit score of at least 600.
Whatever your standards may be, put them in writing and provide them to potential applicants. This will save their time and yours because they’ll know if they have a good chance of being approved before they go through the application process. It also allows you to document your screening process and demonstrate that you’re fair and consistent.
Violating Fair Housing Laws
A common mistake we see landlords make is violating fair housing laws. This can easily happen if you’re not aware of what the state, local, and
federal fair housing laws
are. If you’re not familiar with the requirements, make sure you contact an
El Paso property management company
for help placing and
screening tenants
. You can be fined thousands of dollars for violating fair housing standards.
In El Paso, you may have multiple tenants applying for the same property. You need to be fair in the way you screen and select your tenants. It’s important that you screen the applications in the order that they were received. So, the applicant who turns everything in first needs a chance to be screened, get approved, and sign the lease. You need to provide 24 hours for your first approved tenant to take the home before you can move onto the next applicant on the list. You can’t pass over one approved applicant for another. That’s a fair housing violation.
Not Screening Fast Enough
You have to move quickly when you’re screening tenants. Obviously, you want to be thorough. But, you cannot take weeks before you get back to an applicant about whether or not they’ve been approved. At
Century 21 Haggerty Property Management,
we have the technology and the tools to screen quickly. We get back to applicants within hours and we don’t leave them waiting for days and weeks. This is especially important for military families who want to avoid the additional costs of a hotel while they’re looking for a place to live.
Not Screening Thoroughly
Speed is important, but so is attention to detail. When you’re screening tenants, we recommend you look at the following things:
Credit history
Rental history
Criminal history
Eviction history
We also recommend that you verify employment and income. These are the basics, and you must make sure you’re looking at whether each applicant meets your standards. Don’t skip the process.
If you’re wondering whether you should hire professionals or manage on your own, there are a few key things you need to consider.
Many landlords are often not aware of the commitment that’s required and the level of knowledge that’s needed to manage their own properties. They begin managing their own properties and then realize they aren’t equipped to deal with things like late rental payments, emergency maintenance, and security deposit disputes.
A win-win situation in that the tenant's rental property is staying cool and comfortable while the rental property owner is reassured that they are getting the best value out of their investment property while avoiding any unexpected surprises and costs.
As we enter the hottest months of the year we have to prepare for tenants running their air conditioning systems much more frequently on the homes they are renting. This of course also means that tenants need to be on top of changing a/c filters regularly to not only ensure that they are getting adequate airflow, but also to avoid any costly a/c repairs. While it is highly recommended that property managers regularly perform inspections on the home, typically these are performed every 6 months. It is unrealistic that a property manager can perform a home inspection every other month to make sure something like regular a/c filter replacement is being performed. However, if the tenant is not swapping out these filters in a timely manner, then the rental property owner could be facing unexpected repairs or replacement that is not only expensive but could possibly end up disrupting their cash flow. So how can this challenge be solved?
As a homeowner, even I have a hard time remembering when its time to change my a/c filter. Sure I have a reminder service on my thermostat that even emails me when it's time to change, but now I have to make time to run out to the store to buy one. If even I find this simple task an exhausting one on my own home, just imagine what is running through a tenant's mind when they are faced with the same situation on a home they are renting. Procrastination ensues.
We took this challenge and decided to do some research on how we could address this. With some internet research and discussions with property management groups we were introduced to the Second Nature Filter program. With this program we were able to enroll our tenants into a subscription program that delivers high quality filters to their doorstep every other month. Essentially they have a reminder to change their filter on their doorstep and it removes them needing to make time to go to the store to purchase one. Going one step further, these filters are stamped with dates to help us make sure that they are being changed regularly. Second Nature even provides us a web portal which makes it easy to to start, stop and pause subscriptions as well as other features such as tracking shipments and the ability to order replacements for any damaged ones. The tenants pay a very small monthly fee that is included with their per month rent and is similar to what they would be paying if purchased at the store. In the long run it even saves them money since the up-to-date clean filters help avoid reduced a/c efficiency which tends to lead to higher utility costs.
A win-win situation in that the tenant's rental property is staying cool and comfortable while the rental property owner is reassured that they are getting the best value out of their investment property while avoiding any unexpected surprises and costs.
Many owners of rental properties don't realize that owning a rental property is very much different from managing a rental property.
Many owners of rental properties don't realize that owning a rental property is very much different from managing a rental property. Often times the assumption is that the hardest part was purchasing the investment property so now comes the easy part. While it may be true that self-managing can help provide you with the opportunity to save on professional management fees, it also means that you will be experimenting with what may be your single largest investment.
