When Should You Buy Your First Investment Property?

Are you planning on investing in rental property in Fort Worth or surrounding areas, but you’re wondering when you should purchase your first property?

Buying rental property is a smart investment because people need housing and as long as you own a rental, you’re going to own an asset that’s in demand.

WHEN SHOULD YOU BUY YOUR FIRST RENTAL?
Let’s face it, now is a great time to buy a rental property because more people nationwide are renting than ever. Before you submit an offer on a property, you should ask yourself these questions.

What Type Of Property Should You Invest In?
Before investing you should consider the pros and cons of investing in a long-term rental. Long-term rentals offer stable, consistent cash flow that will enable you to build a portfolio of investment properties.

Do The Research
Once you decide on what type of property you want to invest in it’s best to do the research and find an ideal area in Fort Worth, or the surrounding area, that you would like to invest in a rental home.

Keep in mind that much of the area has changed and become more expensive in the last 12 months so if you’re not willing to invest in Fort Worth now, you may want to consider Azle, Weatherford, Saginaw, Lake Worth, or nearby smaller towns.

Set A Budget
After choosing the area that you want to invest in it’s best to set a budget for the property that you want to invest in and stick with it.

This step is important because the real estate market is hot right now and there’s nothing worse than going over budget on a property that you may not be able to rent right away or earn enough every month to cover your expenses.

Hire A Property Manager
Last and most important of all, after buying rental property in Fort Worth, or the surrounding area, you should hire a property manager to professionally manage your property.

At All County Property Management Group, we help not only renters find their next home but also property investors looking for an experienced property management company to take over the hard work of property management. We offer up-to-date listings to suit a variety of needs and budgets. In addition, our dedicated leasing staff works with you every step of the way so you can feel confident in your home choice. Plus our team handles all property management needs from maintenance, leasing documents, marketing and more. For more information or to see our available listings in your area, check us out today!

9 Ways a Property Management Company Makes Your Life Easier

Owning investment properties requires hard work. More often than not, the number of things you need to do to keep your rental leased and in a good state can seem overwhelming. But there is one way to make your life much easier. Hire a property management company! A full-service Property Management company like All County Property Management can take over nearly all of the work required to manage your investment property. More specifically, there are nine ways that a property management company makes your life a bit easier.

  1. Market assessments: You have to do regular comparative market analysis on your rental properties to set rental rates, plan future improvements, and a lot more. This will truly take time and an understanding of the competitive rental market. A good property management company will do it for you.
  2. Preparing your rental to lease: Before a tenant moves in, there are plenty of things that need to be done to get your rental house ready. Each one must be managed as efficiently as possible. From repairs to cleaning, a property management company can handle it all.
  3. Advertising: To keep your property leased continuously, you will have to market and advertise. This can be a tough process, especially if you are making the effort to list your property on multiple rental websites. When you employ a property management company, they do it all for you on multiple different platforms. 
  4. Tenant screening: Locating the right tenants is one more task that you can confidently hand over to a good property management company. Screening tenants yourself can be a difficult and expensive endeavor. But a property management company will sort applications, run background checks, call references, and more.
  5. Lease preparation and signing: Putting together lease documents that are clear and detailed can be a challenge. In this area, a professional property management company is hard to beat. They will have lease documents that have been carefully prepared by legal experts.
  6. Collecting rent: Nowadays, tenants want to be able to pay their rent online. And if they don’t pay, then what? A good property management company will be able to offer tenants multiple payment options and handle any nonpayment problems that may arise.
  7. Property maintenance: All rental properties need regular maintenance to stay profitable. A good property management company will have home service professionals ready and available to maintain your property. In this way, you will know things are being done regularly and correctly.
  8. Lease renewals: Working with current tenants to renew their leases is a normal part of owning rental properties. They may want to negotiate their terms or payment, or you may need to raise the rent to current market rates. With high quality customer service, a property management company will have these conversations with current tenants for you!
  9. Managing move-outs: If your tenant decides not to renew their lease, the move-out process begins. You’ll be taking on so many different tasks simultaneously, all while trying to locate your new tenant. That is unless you have your property management company do it for you!

Handing over your rental property to someone else might make you anxious at first. But once you’ve experienced how much time you will save, and how few headaches you’ll need to deal with you can enjoy worry free investment property ownership. When working with All County Property Management Group you might wonder why you didn’t hire a property management company sooner!

 

Contact Us:
At All County Property Management Group, we help not only renters find their next home but also property investors looking for an experienced property management company to take over the hard work of property management. We offer up-to-date listings to suit a variety of needs and budgets. In addition, our dedicated leasing staff works with you every step of the way so you can feel confident in your home choice. Plus our team handles all property management needs from maintenance, leasing documents, marketing and more! For more information or to see our available listings in your area, check us out today!

 

Why Renters Are Moving to Fort Worth

Our beloved Fort Worth, TX has become one of the nations top locations for renters and investors! So what is it that is drawing so many people to the area? Well, we have your answer! Read below to find out the top attractions that are making Fort Worth, TX the new place to be!

Jobs Are Plentiful:
It shouldn’t come as a surprise that Fort Worth is consistently recognized as a great city for job opportunities in the U.S. Among Fort Worth’s largest employers are businesses and organizations like American Airlines, Lockheed Martin, Naval Air Station Joint Reserve Base, JPS Health and recently Amazon has opened a new hub in the north part of Fort Worth.

One of the Best Downtown Areas in the U.S:
Downtown Fort Worth is among the best downtowns in the nation, specifically recognized for its cleanliness and safety. In its heart is Sundance Square, a 35 square-block entertainment district filled with local restaurants, shops, boutiques, and live music halls that everyone can enjoy. With a beautiful mix of historic brick and modernized buildings, Sundance Square is the perfect representation of how Fort Worth balances appreciating its Texas roots while reinventing the city’s future.

History:
Step back in time and visit the Fort Worth Stockyards for an authentic look into the American Wild West. You can visit the Western artifacts at the Stockyards Museum, explore Bonnie and Clyde’s hideout at the historic Stockyards Hotel, and drink at a traditional Texas saloon! Channel your inner cowboy and attend a rodeo at the weekly Stockyards Championship Rodeo. Don’t forget about the Fort Worth Herd, the world’s only twice daily cattle drive. PLUS: it’s home to the world biggest Honky Tonk!

Explore the Great Outdoors:
Great weather and tons of parks make it easy for Fort Worth residents to spend lots of time outside! Stop and smell the roses at Fort Worth Botanic Garden. Hike more than 20 miles of trails at the 3,621-acre Fort Worth Nature Center or walk the Trinity River Trails. You can also paddle board, kayak, or canoe with Backwoods Paddlesports at Panther Island or retreat to the Fort Worth Water Gardens, an architectural marvel in Downtown Fort Worth.

Family Friendly:
Fort Worth also has many great options for the whole family! The Fort Worth Zoo has won many awards and offers member passes to be used all year around. Do your kids love movies? Try the Coyote Drive-in right outside of downtown! There are also many events that are hosted in the Fort Worth area such as color runs, concerts and more! Get your family out and active to enjoy all the Fort Worth community has to offer.

Fort Worth, TX has many draws whether you’re looking to move to a new area or purchase investment properties.

Contact Us:
At All County Property Management Group, we help not only renters find their next home but also property investors looking for an experienced property management company to take over the hard work of property management. We offer up-to-date listings to suit a variety of needs and budgets. In addition, our dedicated leasing staff works with you every step of the way so you can feel confident in your home choice. Plus our team handles all property management needs from maintenance, leasing documents, marketing and more! For more information or to see our available listings in your area, check us out today!

Top 5 DFW Neighborhoods for Commuters

Looking to purchase an investment property in the DFW area? Not sure which areas are the best? We are here to help! The best location will depend on your target renters. In this article we are going to list the best locations for renters working in the big cities (Dallas and Fort Worth) that are looking for suburban areas for themselves and/or their families.

Arlington
The most central suburb in DFW is Arlington! Located right between two large cities, Arlington is home to several professional sports teams, as well as a variety of world-class restaurants, shopping centers, amusement parks and more. Because of its central location and the fact two main highways (I-20 and I-30) run horizontally through it, Arlington is ideal for commuters that work in both Dallas or Fort Worth.

Irving
Not quite as big as Arlington, but still centrally located, Irving is the thirteenth-most-populous city in Texas. It’s located by DFW International Airport and a variety of major highways. Plus, the Las Colinas area of Irving is becoming a business hub and employing more residents, with great options for schools as well. While Dallas and Fort Worth employment opportunities are still both easy to reach because of Irving’s centrality.

Coppell
A once quaint suburb that still has the feel of a small town, yet centrally located in Dallas-Fort Worth! Coppell is one of the area’s hidden gems. There are new residences being built which is a great opportunity for investors and renters looking for a new construction. DFW commuters might want to consider living in this slow-paced area of the metroplex.

Frisco
While located on the northern end of the Metroplex, Frisco is becoming a living destination for commuters due to its variety of amenities and fine housing an amazing schools. The city also has access to several toll roads, which may add cost to your monthly commuter budget, but limits the amount of traffic you would need get through in order to make it to Dallas!

Plano
Another suburb on the north side of DFW, Plano is great for commuters because a large bulk of the jobs in Dallas-Fort Worth are on the eastern and northeastern side of it. Plano is home to many corporations and has a large geographic footprint. It also has access to several tollways and highways. Depending on where you live in Plano, it could be ideal for commuting.

If you’re planning to invest in the Dallas-Fort Worth Metroplex, or looking for areas to rent in, consider looking in these five metroplexes listed above! Need a property Management company to handle your most important investment? We are here for you and renters too! Give us a call today so we can show you why All County Property Management is the best in DFW!