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Owner guides

Owner guides, page 30 of 46

The questions owners ask before they hire a property manager, answered by one. Search, or pick a topic.

Showing 262–270 of 412 guides

Choosing a Manager

Does hiring a property manager mean I have to use them to sell the house?

No, unless you agreed to it. Management and listing are separate services, and only a clause in the agreement can tie them together. Here are the two clauses to find and when using the manager is the smart choice anyway.

Choosing a Manager

Can a property manager approve expensive repairs without my permission?

Only up to the limit written in your agreement, and in a real emergency. Here is how spending limits work, what qualifies as an emergency, and how to set a limit that protects you without slowing repairs.

Choosing a Manager

Can I see a sample management agreement before paying anything?

Yes. Any reputable property manager will send its agreement, fee schedule and sample statements before you commit. Here is what to ask for, how to read the sample, and what a refusal means.

Choosing a Manager

How do I verify a property manager's Texas license?

Search the Texas Real Estate Commission license lookup by name or license number, then confirm the status is active, the company holds its own broker license, and there is no discipline on file.

Choosing a Manager

How do I know my rent and security deposit money are protected?

A licensed Texas manager must hold your rent and the tenant's deposit in a separate trust account, apart from its own money. Here is how to confirm it and what to watch each month.

Choosing a Manager

What happens if my property manager makes a costly mistake?

When a manager's mistake costs you money, who pays depends on whether it was negligence or a judgment call within their authority, and on what the agreement says. Here is how recovery works.

Choosing a Manager

Who covers my property if my manager quits or is unavailable?

Your agreement is with the brokerage, not the person, so the broker stays responsible when an individual quits or is out. Whether that works in practice depends on the backup you ask about first.

Choosing a Manager

What happens to my rental if the management company goes out of business?

The lease survives, the management agreement does not, and the money the company was holding is the real risk. Here is what to request, in what order, and how to keep a closure from costing you.

Getting Started

How do I get started with a property management company?

Starting with a property manager is a four-step process: a conversation about the house, a written rental analysis, a quote with every fee listed, and a signed agreement. Here is what to prepare and what to expect at each step.

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