Condominium & Property Management Experts
Rent Collection
Here at Property Management of Texas, timely rent collection is our highest priority. Rent is due every first day of each month. However, residents are given a grace period until the third day of the month. In case the standard collection procedures are not effective, eviction proceedings may start as soon as the fourth day of the month, depending upon the resident's history with this organization.
Handle Maintenance Requests
All maintenance requests are directed to the office. The resident is briefly questioned about the nature of their request to be able to determine whether it can be solved without professional assistance or not. If professional assistance is needed, the proper service company/homeowners' association representative/person is sent to the property. Our reliable property managers select general maintenance specialists or personnel according to the severity of the problem and their judgment as to what will be most effective for the property owner.
Homeowners' Association
When applicable, residents will be provided with the neighborhood or condominium association rules for their property. Property Management of Texas maintains working relationships with homeowners' associations to facilitate maintenance, repairs and communication of policy changes and leasing information.
Audit and Pay Bills
Invoices for service are audited upon receipt for correct billing rate, exact work completed, service address, etc. Once it has been corrected, the bill is approved and paid from rents collected. Invoices are paid at the amount billed. We do not "upcharge" an additional fee on these items.
Owner Statement
Owner statements are prepared every 10th day of the month for the previous month's activity. These statements show all disbursements, receipts and the ending balance. (Invoices are attached when appropriate. There are no invoices for management fees.) At the end of the year, owner profit and loss statements are prepared for tax purposes.
Negotiation with Residents
Lease questions and disputes are negotiated with residents and, when expedient, settled and compromised. Occasionally, concessions to residents may be deemed necessary for the best interest of the property and the owner. When concessions or major changes are at issue, we will consult with the property owner before proceeding.
Owner Consultation
For major repairs of above $250, the owner is consulted first for approval. Emergencies and minor repairs that could result in major property damage are addressed according to the best judgment of the property manager and broker. If desired, we can provide the owner with an assessment of the relative market competitiveness of their property as well as advice on how a property might be made more profitable.
Equal Housing Opportunity
Property Management of Texas adheres strictly to the U.S. Department of Housing and Urban Development's (HUD) Federal Fair Housing Code and the National Association of Realtor's (NAR) Code for Equal Opportunity.