Am I required to make my property available to Section 8?
No but in many cases we recommend it Section 8 is currently a great way to get higher returns.
Are you licensed?
Yes I am licensed under the State of Texas #587126.
Can I reach you after hours?
Yes.
Can you put the money directly into my account?
Yes.
Do I get to see the lease or sign it?
Typically I sign the lease and the lease will be available in the owner portal.
Do you sell real estate too?
Yes.
How and when do I get my checks?
EFT on the 15th of the month.
How is rent collection handled?
Most rent is collected electronically.
How long of a lease do you sign?
Typically 12 months.
How much security deposit do you charge the tenant?
We calculate a score from 0 to 10 based on a detailed screening of clients. 5 or below we do not rent to them. 6 we charge a triple deposit, 7-8 a double deposit, and above that a single deposit.
How soon can you start managing my property?
Today if its rent ready.
What type of properties do you manage?
Single family residential, multi-family, office, or retail.
What type of reports do I get and how often?
Repair updates as they occur
Owner report once a month
6 month periodic inspection reports
Who holds the tenant security deposit?
They are held in an escrow account by Lakefair Realty & Property Management.
