People do manage their own rental properties, but it’s not always the best option. In addition to taking care of maintenance, you need to know the rules and laws that govern leases in Texas. Here are just a few of the issues that could crop up with your property:
- When are you required to change locks?
- What can you deduct from a security deposit?
- Where are smoke detectors required?
- What happens when there’s a plumbing leak or the AC doesn’t come on?
- What will you do if there’s a burglary?
- What are your options if the tenant stops paying rent?
- What can you do if the tenant leaves before the end of the lease?
- What’s the optimum amount for rent?
Fortunately, you can hire a Texas REALTOR® to handle all of the above—and more. Your REALTOR® can also collect rent, market your property, and a take care of other tasks that come with being a landlord.
To find a REALTOR® to manage your property, ask friends for a referral or use the Find a REALTOR® search on texasrealestate.com.