Fees a Landlord can Charge in Texas
First-time rental property investors sometimes don’t realize that managing property is more than just collecting the rent. Landlords also can charge deposits and fees to support their management efforts. If you have questions about what fees you can legally charge a tenant, you can check with an expert property management company. Plano owners trust the services at Specialized RPM to help set rates and manage rental property finances with integrity.
Security Deposits— Deposits are collected as insurance for potential repairs need at the property when a tenant moves out. Monies that are used from the deposit need to be documented, and what is left needs to be returned to the tenant within 30 days of the vacancy.
Deposit, Rent, and Fees for Pets— Allowing pets in your rental unit can increase your pool of applicants. Refundable deposits or nonrefundable fees can be collected to cover possible property damage caused by the pet. Some landlords also charge an additional monthly rent for the pet.
Other Fees— Tenants need to be aware of late fees for rental payments and returned check fees. When tenants and landlords can’t resolve problems and find themselves in court, tenants may be required to reimburse court fees to the landlord.
First, owners need to understand the regulations involving Texas rental fees. Then, they can make appropriate decisions that support their investing goals. Specialized RPM is the Plano property management company that has over 30 years experience and the legal knowledge that will help investors set fees, rents, and deposits at the appropriate rates and make sure the job of property management is hassle-free and compliant with the law. Learn more about the comprehensive list of management services offered by Specialized RPM, the leading Plano property management company. http://www.realpropertydfw.com/