Owners

One of the many things that people find difficult about property management is just how time consuming it can be to do everything on their own. When people first get into the real estate investment game, they assume that they’re looking at a passive form of income. While that is definitely possible, it rarely occurs. You need to conduct a far-reaching marketing campaign to help attract the largest pool of high-quality applicants. The cost to advertise your property across the nation to reach those moving to Sun City, is quite costly.


All of this adds up to a full time job in and of itself, which can be especially difficult if you’ve already got a full time job in addition to a personal life that you’re trying to maintain. That’s why The Stacy Group is here – to help take all of these stresses off your plate so that you can get back to doing what you do best – living your life. Not only will we suggest modifications that you can make to the property, but we’ll also do our best to get you a high quality tenant. 

What expenses will an owner face?

Yard Care: On all of our properties, owners will maintain the yard care. This is because the HOA holds you (the owner) accountable. You will need to hire a company that you trust to communicate with you on any yard issues.


Utilities: Utilities will remain in the Owner's name until they are notified that a Tenant has been secured to lease their property. Tenants will be responsible for placing utilities in their name by their lease start date and maintaining the utilities during the lease term. If a Tenant vacates at the end of their lease term, the Owner will need to contact the utility providers and place utilities back into their name until a new Tenant is secured.


Dues/Insurance: You will also be responsible for your HOA dues (currently $1,960/yr.) and the rental dwelling insurance for the property. We can recommend some companies to you. Your home owners policy must be told this will be a rental dwelling.


Code/Cleaning: There is some general set up cost to bring your home up to Texas property code (between $300-$600 depending on the size of the home and amount of entry doors into the property) & it must be professional cleaned (between $300-$500 depending on the size of the home and the amount of cleaning required). The owner pays for the cleaning prior to the first Tenant's move in and the tenant pays after.


% of Rent:  We only charge fees when a tenant is in the home. Unlike other companies, we do not charge first months rent or cost to advertise, etc. We only charge a fee when a tenant is in the home. If you don’t make money, neither do we. Our property management fee is 15% of the total monthly amount collected if we are managing one property on your behalf. The fee will drop to 10% if we manage two or more properties on your behalf.


Odds and Ends: It is a home, and as you know from owning your own home, things break. As the property owner you are responsible for the upkeep of the home. We also recommend a couple of things. If you go purchase several air filters and leave them in your garage with a note that labels each month on them, the tenants are more likely to change them. An A/C is one of your biggest investments and this small purchase is worth it. We also recommend setting up a pest control service to come at least a couple times a year, if not quarterly, to protect your home. We can recommend someone to you. Some of the homes also have water softeners. We recommend starting each tenant off with an extra bag. The local City Market can deliver these to the home.


Virtual Tour: While we can take photos of your home, we are not professional photographers. If you would like us to schedule a virtual tour of your home for professional photos that will be used for marketing on our website, on the internet, and for flyers we can arrange that. The cost is around $150+.


Badges/ID Cards: Any owner that leases his or her home needs to make sure they do not have any activity card issued that is assigned to that address. If they do, they must turn it in to the CA office so that the tenant can be issued one. The CA office will hold your card for the remainder of the tenants lease.