Towne Square Realty offers three levels of Property Management services. Depending on the motivation and ability of the owner, you may select one or more levels of service. We will always work closely with our clients to find the best-suited service for your needs.

All levels receive the following services:

  • Finding acceptable tenants
  • Protecting property value
  • Network of contractors available
  • Knowledge of Section 8 programs (Denton and Collin counties only)
  • Registered HUD broker
  • Property searches
  • Investment consultant
  • Managing your investment

 

If you are local and/or choose to manage your own properties, Towne Square Realty can list and place a new tenant for a fee equal to 75% of one month’s rent. Listing services include:

  • List house in MLS, Realtor.com and member web site
  • Place sign in yard and directional signs as needed
  • Place key box on door for easy access by licensed agents
  • Design graphic to describe property
  • Design other flyers and marketing pieces
  • Show property to prospective tenants
  • Process application of prospective tenants
  • Negotiate terms of lease
  • Collect security deposits
  • Get lease agreement signed

 

7.5% Property Management Service

  • Collection of rents
  • Deliver any required notices to tenants
  • Collection of any late fees or penalties
  • Monthly communication with tenants and owners
  • Property inspection every 3-4 months or as required
  • Liaison between tenant and owner for any repair issues
  • Promptly credit owner’s account with monthly rental payments
  • Deliver annual statement of account
  • Assist with any eviction proceedings
  • Represent owner in eviction process due to non-payment of rent

 

10% Property Management Services

  • All items listed in 7.5% service, plus
  • Monthly statement of account
  • Manage reserve accounts for taxes and insurance
  • Manage all maintenance requests
  • Make repair decisions on behalf of owner up to $200.00
  • Negotiate renewal lease agreements
  • Account for security deposits

Related Forms:

Property Management Agreement

Rental Criteria

Notice to Tenant of Change in Mgmt and Accountability for Security Deposit

Residential Lease Inventory and Condition Form