Frequently Asked Questions
At Real Property Management Lakeview, we believe in honesty and communication. We are eager and available to transition your property under our portfolio no matter the stage your rental may be in.
Here are some relevant FAQs that may be of aid to you in your search for a property management company for your property:
How much does it cost to get started?
We do not ask for any money upfront to get started with management services. All fees associated with starting with us are taken out of the first month’s rent.
How long does it take to rent a property?
The leasing process has many variables, including time of year, local inventory, condition, and asking price. When the home sparkles and is move-in ready, it will make a great first impression and generate preferred renters. We can usually find a qualified applicant and fill vacancies within 30 days.
When we get feedback from potential renters when showing a home, RPM will bring this to your attention. If the asking price is not getting the response needed, we will discuss the condition of your home, or reducing the cost may be recommended.
Why should we sign with you?
Just a few items that set us apart from other management companies are the following.
1. Locally Owned and Operated
2. AppFolio Property Management Software
3. Owner Guarantees
4. Low Eviction Rate
5. A True Property Management Company. Not Realtors.
6. Large Subcontractor Database
7. Quality Service with Competitive Management Fees
8. 60-Day Risk Free Guarantee
9. Tenant Replacement Protection
10. Buffer Between Owner and Tenant
11. Ensure Owner Meets Fair Housing Laws
Should I accept pets in rental property?
Statistics show over half of all renters have pets. Being open to pets, you will increase demand through the entire prospective rental pool, thus increasing the rental price as we charge an additional amount per pet per month.
If maximizing rent is important to you, maybe you should consider pets. If you would rather play it safe, it is OK to say no pets. If you are open to a pet, we always say, “pet considered.” That means we may approve the right pet, not all pets.
Emotional Support/Service Animals are handled per Texas Fair Housing Act requirements. Ask our office for more information.
How do rent payments work?
The tenant pays their monthly rent to RPM Lakeview, and we deposit itinto our trust account. Over 90% of our tenants pay rent electronically. Once funds have cleared the bank, we direct deposit the rent from the current month, minus our fee and any other expenses, into a bank account of your choice. Normally, this deposit happens within the first two weeks of every month your property is occupied.
How does RPM Lakeview handle maintenance and repairs?
For tenant-occupied homes, tenants submit a maintenance request via their online tenant portal or our 24-hour maintenance hotline. Our portal allows tenants to submit a work order request by providing a description of the issue and uploading photos of the problem when appropriate. Owners receive the same notification of the request that we do once submitted. Our goal here is full transparency of everything going on with your property. Tenants can also track the status of their requests online. When a request comes in, we assess it and see if it needs immediate dispatch or if we can proactively troubleshoot the issue with the tenant. There are many common repair requests our team is trained in troubleshooting. If the issue needs to be fixed, we assign the work order to one of our preferred vendors. We utilize third-party vendors/independent contractors for all work. We make sure the cost of the repair is fair and that the work is completed satisfactorily. The management agreement allows us to approve any repair under $300 without bothering our clients. Larger repairs over $300 require owner approval. Exceptions to the $300 approval rule include emergency maintenance and habitability issues. If we have to act quickly to protect persons or property, we will do so to protect our owner’s best interest
Can I perform repairs myself?
Yes. Also, if an owner has a specific handyman or vendor they wish to service their property RPM will note it in their portfolio and contact them first for service. When the property is vacant, owners can handle the repairs needed to make the property “rent-ready” if they choose. Our preference is to use our vendors to ensure leasing deadlines are met; as we work with these vendors regularly, they are insured, licensed, reliable, and trusted, and we know what to expect.
How does RPM Lakeview advertise available rental properties?
Getting properties rented quickly is critical to our success and the happiness of our clients, and we strive to generate as many qualified leads as possible. We accomplish this by syndicating marketing efforts to the most popular rental websites. We also pre-screen prospective renters and ask who will live with them, how many adults, minors, and whether they have any pets. We also inquire how long they have been at their current job. Our platform enables us to follow up with and solicit feedback from all interested parties.
What happens if my tenant stops paying rent or causes trouble?
Our rigorous tenant screening process usually prevents these types of issues; however, if a problem should arise, we always respond promptly and aggressively. The eviction process is started with a 3-day notice to pay or quit. Nuisance issues are handled similarly, with one warning given before a notice is posted. We partner with a company, Texas Evictions, who will handle eviction procedures as per Texas law.
How much will my property rent for?
Much like the real estate market determines sales prices, the local rental market determines rental rates. There are three factors that contribute to how much your rental property will receive in rent each month:
- Availability and rental rates of comparable properties
- The features and benefits of your property
- The marketing exposure for your vacancy
After we receive the details of your specific rental property, we will complete a market analysis and recommend a starting price. We then evaluate all vacancies under our management on a weekly basis, making adjustments in the price or within our marketing strategy to get it rented as quickly as possible.
Contact Real Property Management Lakeview
Our property management strategy is guaranteed to save you money at every stage of the process. We make it easy to protect your investment, minimize costs, and maximize your income—without interrupting your daily life.