Dallas, TX: Big D
With an estimated 1,304,379 residents, Dallas is the third-most populous city in Texas. It also acts as the county seat of Dallas County. Dallas has a thriving economy, with nine Fortune 500 companies calling the city home. Major sectors in its economy include financial services, defense, IT, and transportation.
Dallas also has a diverse arts and culture scene. Downtown Dallas has an Arts District where numerous museums and performing arts venues are found. These include the Dallas Museum of Art, the Nasher Sculpture Center, the Morton H. Meyerson Symphony Center, the Dallas Center for the Performing Arts, the Dee and Charles Wyly Theatre, and the Winspear Opera House.
In addition to this, Dallas also hosts several annual events such as the State Fair of Texas, the Red River Shootout, and the State Fair Classic. The city is famous for Tex-Mex cuisine and its barbecue.
Sports also play a significant role in the culture of Dallas and its residents. It is home to numerous major league sports teams, including the Dallas Cowboys (NFL), the Dallas Mavericks (NBA), the Texas Rangers (MLB), and the Dallas Stars (NHL).
How Is Dallas’s Rental Market?
Dallas is a great place to reside, which is why it attracts countless new residents every year. For property investors, this presents a huge opportunity. A whopping 59.1% of the city’s population are renters, making it a lucrative place for rental property owners. Homes are also on the cheaper side, with the median listing price of $219,600 being 4% below the national median.
Image via towncharts.com
Additionally, rent is quite high in Dallas. In 2019, the national median rent was $1,097. Meanwhile, in Dallas, the median rent was $1,202 in the same year. Rent in the city has been increasing every year since 2011. And although Dallas also has a high vacancy rate (8.76%), Texas’s landlord-friendly laws certainly make up for it.
Image via deptofnumbers.com
How a Dallas Property Management Company Can Help
Dallas is attracting more and more property investors thanks to the state of its rental market. Buying property is one thing, but managing one is an entirely different ballgame. Rental property management comes with a world of responsibilities, including finding tenants, enforcing the lease, and collecting rent. It also involves careful maintenance and repairs. For many, the job simply isn’t worth the time.
Enter a Dallas rental management company. With help from experienced professionals, you can ensure your rental property is always up to standard. What can a management company do for you?
- Advertise your listing
- Screen and process tenants
- Oversee property showings
- Set and collect rent
- Create a lease agreement
- Perform move-in, move-out, and routine inspections
- Enforce your lease terms
- Manage maintenance and repairs
- Respond to tenant complaints
- Manage your budget
- Help with tax calculations
- File evictions
In Search of Property Management in Dallas?
Finding a rental management company in Dallas can come as a challenge. Rental Choice aims to make it much less difficult for landlords and property investors everywhere. Using our online directory, you can search for property management companies by city or state as well as gain access to their contact information — all in one easy-to-use site!