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Author: Katrina Perry

Relocating to Dallas: Four Things to Know – 2020 Update

Katrina Perry
Dallas Green Road Sign and Airplane Above with Dramatic Blue Sky and Clouds.

Data in 2017 shows that Dallas is one of the best places to move in because of its growing economy. They placed second to Atlanta in terms of job opportunities. If you are looking for a chance to work in Dallas and are planning to move, here are four things that you should know. 

What’s the Cost to Live in Dallas? 

One thing is for sure, living in Dallas costs a lot. Don’t worry though, if you are from San Francisco or other CA states, it is cheaper. However, when compared to other states in the US, living in Dallas is more costly. 

It is really hard to quantify the price of living in Dallas but consider this if you want a tasty lunch in this city, be prepared to pay $14 or $8 for a fast food meal. A great apartment can cost you around $1500 a month but if you want to have a low-profile, a budget apartment can cost around $1300 (a not much difference huh)!

Get Familiar with Dallas

Dallas is one of the biggest cities in the US, next to LA, NY, and Chicago. Before moving in, find a place that will suit your living and financial preference. Some neighborhoods are affordable while some are really expensive to live with. 

For example, you might want to check the affluent neighborhood of Colleyville if money is not a problem or you can check out Grapevine if you are looking for a lower tax and cheaper education system.

Are you single? Checkout Uptown Dallas and enjoy the vibes of their restaurants, nightlife and bars, clubs, and cafes. 

Do You Hate Traffic, Think Again!

Dallas is a big and busy city. It means traffic is heavy all the time. If you are planning to stay in this city, you should consider commute time even if you are driving your own car. 

Your option? You can choose different modes of transportation such as using a motorcycle or a bike. They have dedicated bike trails in the city. Another option is the use of railway transportation. With 64 trains running around Dallas, you can get to your office easily. 

Are You Starting A Family in Dallas, They Have Great Schools Around!

Whether you have preschools or college kids, living in Dallas is a great choice for them as well. Dallas is known for its excellent public and private universities and colleges.in fact, they have 18 popular colleges and universities that offer high-quality education. 

You Won’t Get Bored

Living in Dallas will keep you busy not only at work but also even off work. This city takes pride in its popular parks, museums, art districts, big shopping centers, and for its great concert venues. 

Conclusion

These are just four of the things that you should know prior to moving to Dallas. There are more factors that you can consider which are mostly positive such as low crime rate (as compared to its population), its increasing job market, and highly urbanized neighborhoods. 

4 Tips for Property Management

Katrina Perry 0 Comments
Property Management: Photo of a smiling young couple thanking to the agent for the new house.

Owning properties is good but as an investment, you can do more with your invested properties – such as managing and renting them out. However, there are associated stress and works with property management and if you don’t know the basics of managing a property, it might burn you out.

In this article, we will share with you four tips that can make your property management job easier. 

Understand Property Management 

Property management is not just about giving your property to someone and let them pay you on a monthly or yearly basis. As a property manager, you have responsibilities for your renters too. 

To avoid the stress of managing a property, you have to understand what it means first to be a property manager. Learn how to market your property, how to choose a good renter, how to make an acceptable lease term and maintenance processes in the future. 

 Get Familiar About Your Property

If you have an apartment for rent, you should know the specifics, even the smallest details that a possible renter might ask. Get to know the area where your property is, its advantages, and what can make it an attractive place to live. 

You can increase your chance of having a renter by giving helpful information like the distance of your apartment to the nearest shopping malls, school, church, freeways, etc. 

Set Clear Rules/Terms

It is important to have a ready set of rules. When showing off a property, your future renter might ask questions such as contract (how long you will lease your property), payment, maintenance process (who will pay for maintenance fees), and eviction process. 

What if your renter had an accident and isn’t able to work and pay for a month? What is your eviction process? 

A renter will feel more confident and comfortable in leasing a place with a crystal clear set of rules and if you can give an impression that you mean business on day 1, then you have won round 1. 

Know Your Role

As a landlord or property owner, you still have responsibilities even after turning your property over to your renter. 

It is your role to review complaints and requests by your tenants. This is very crucial especially if you are managing a large property like a 10-dorr apartment or condo. 

After reviewing complaints or requests, take action. Be fair and reasonable when responding to your renters. The key to successful property management is having a great relationship with your renters. Make then feel that your property is theirs too so they can have the initiative to take care of your property. 

Conclusion

People think that landlords are living a great life as they don’t work and just waits for their renters to pay regularly. This is true for people who knew how to manage their properties properly. 

If you will follow these four tips that we have for you, you can be one of these landlords that people think are happy with leasing their properties out. Make your properties earn for you without giving you stress by simply learning property management.

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