Should I Manage My Property Myself?

Many property owners wonder at some point if they should manage their properties personally, in an effort to save money each month. For some investors, self-management proves successful, but countless others ultimately find they lose money and waste time trying to keep up with the demands of their properties. If you do ultimately choose to tackle the challenge on your own, you'll want to think of management as your new full-time job. From addressing repairs to handling tenant conflicts, you have your work cut out for you. Before you jump in head first, review the following important considerations.

Managing Takes Time

Keeping your property in great shape requires much more than a precursory inspection every few months. Instead, you'll need to visit your home regularly, and you must remain on call in the event of a problem. When the furnace breaks down in the middle of the night, you're the one who must answer the call. Don't forget, challenges like unruly tenants who don't pay their rent and cause damages also become your problem. Are you ready to follow up with these individuals and invest the time necessary to schedule court dates, file paperwork, and work with the local authorities?

Prepare for Anything

Not only will you need to take the time to keep your property in great shape, but you also need to prepare for anything if you're going to tackle DIY management. If you're not already familiar with the legal ordinances governing rental properties in your community, you'll want to take some time studying these materials to familiarize yourself with the law. What will you do if your tenants partake in illegal activities or a fire breaks out? Experienced property managers are accustomed to dealing with challenges of all shapes and sizes, and you'll need to get comfortable doing the same.

Build a Network

From small repairs to landscaping needs, your property will need attention from the professionals as time goes on. Even if you consider yourself relatively handy, you'll need to build a small network of tradesmen to help keep your property in great shape. Of course, unless you own hundreds of properties, you won't benefit from bulk discounts or preferential rates, so your expenses will be higher than those incurred by professional property managers.

Consider the Workload

Many property owners dramatically underestimate the amount of time it takes to keep their rental profitable. Before you try to take on the workload alone, consider the numerous responsibilities that lie squarely on your shoulders. Firstly, you'll need to advertise and market your property. Once you receive applications, you'll need to spend the time pouring over each applicant's criminal, financial, and working history. After lease signing, you'll be responsible for addressing repairs, conducting inspections, and handling all of your accounting. Of course, if any problems occur during the tenancy, you'll be expected to resolve those, too. Feeling tired yet?

There are no two ways about it: managing your rental home in Fort Worth or the surrounding area takes a great amount of time and energy. Many property owners first try their hand at DIY management, before ultimately turning to the professionals to pull them out of a disastrous mess. Take the time to carefully mull over each of the above points before you commit to managing your Metroplex property on your own, in order to avoid catastrophe down the road.

What Makes Us Different?

We Only Focus on Rentals

Unlike some of the big chains, we're not a "side" business. We exclusively focus on rental properties, which allows us to devote our full attention to keeping your property in great shape.

Experience that Counts

For more than 28 years, we've been professionally managing properties for both Investors and Homeowners. Since 1987, we've truly seen and handled it all, and we easily resolve issues big and small.

Full-Service Management

Metroplex Management offers you the level of experience and expertise you should seek from any property management company you hire. We handle every aspect of property management for you.

We're Local Experts

Not only do we work for clients in Tarrant County, but we're happy to call this area home. We possess a keen understanding of the local market and work to maximize your cashflow. We work hard to protect your investment.

We Find Great Tenants

Choosing the right tenant for your home is no small matter. Our team uses a tried and true screening process to weed out bad apples and find the best residents for your property. 

Family-Oriented Approach

Our property management clients appreciate the small office atmosphere and personal service we deliver to them. We do not have any of the employee and personnel hassles that can plague larger property management companies. At Metroplex Management your property manager is always available to assist you.

Our Clients Love Us

Stephen S

I leased two homes with Metroplex over the course of five years and it was a good experience. I've worked with crooked and dishonest landlords—you won't experience this with Metroplex and their staff.

- Stephen S.

Michelle

If you're looking for a good property management company, here it is. They have been in business for a long time and have helped me with both properties and rentals. These are very nice people who know their stuff. I would recommend them to anybody.

- Michelle Prochaska

 

Trusted in Our Community

Maximize Your Rental Income

Discover your property's market value

Learn more about our hands-on approach

Say goodbye to the headaches of DIY

Privacy 100% Guaranteed. We never spam or sell your info.

jeremy-1

I have had the pleasure to do business with Steve Schuster and Metroplex Management for the past 12 years. When maximizing your real estate investment is at the forefront of your investment goal, I would recommend them every time.

- Jeremy Steffens

tonyc_final

Metroplex is easy to work with and pleasant. You can tell they have been in business for a while and have their systems in place. Very nice and sharp guys. 

- Tony C. 

Get Started Today

Discover our comprehensive property management packages today and learn why hundreds of local investors entrust their properties to our talented team. From vacancy advertising to accounting, inspections, and evictions, we have you covered.