The North Texas Rental Market is on FIRE!

Posted on by Red Team Real Estate

and it’s not going out anytime soon…

The DFW area recently took the #4 spot in Realtor.com’s top 20 hottest housing markets in the country and the numbers are showing it! Home prices have shot up by more than 40 percent during the last five years, and just two months ago, we saw prices jump by 14 percent – one of the largest year-over-year gains ever for our area.

May’s strong home sales and price spike is going to put a lot of pressure on DFW’s housing market, which is already stretched to its limits, with more buyers than sellers. While the area’s average is somewhere around the 1.4 months, some suburban markets, including The Colony, Richardson, Bedford, Hurst, Carrollton and Farmers Branch, have under a one month supply of houses listed for sale.

Homes are being built as quickly as possible, but as a younger crowd flocks to our city for its economic growth, most are not in the price range where inventory is needed most — the entry-level market. In addition to the low inventory, tight lending standards and rising home prices have created a tough market for former homeowners, who lost property during the housing crash.

So what does this mean for residential property investors? A strong demand for more moderately priced homes has set the North Texas rental market on FIRE!

As of May 2015, the average apartment rent within 10 miles of Dallas, TX was $1512, with one-bedroom apartments going for an average of $1241 a month, and two-bedroom apartments averaging $1725.

If you already own properties in the area, seeing numbers like this is a rental investor’s dream come true! But with the hoards of new residents piling in, weeding through potential renters can be overwhelming at best. If you’re looking for more freedom and better returns, Red Team Property Management works hard to ensure you’re getting the best rent as our market continues to change, as well as fostering the right tenant fit – protecting your investment. Contact us today and start seeing results!

Best Rents + Great Tenant Fits = VALUE!

Educating for REAL Greatness,

Red Team Real Estate and Property Management
Red Team Real Estate and Property Management was started in 2012 to focus on being the provider of quality service that has never been seen before in property management. Our approach is to serve our owners by providing professional, knowledgeable service with maximum value.

Red Team News: Red Team is Growing!

Posted on by Red Team Real Estate

Meet Our Newest Member – Stella Louck-Beech


Red Team Real Estate and Property Management is happy to welcome Stella Louck-Beech to

our team!


Stella is a true cowgirl with a love for real estate. She has enjoyed the last fifteen years working in sales and property management and is excited about bringing her knowledge and expertise to our company.

State and local involvement is very important to Stella. She actively works with her fellow Texans and officials to help define the future of real estate in our great State.

Join us in giving Stella a great BIG ‘ol Texas welcome! 

2501 Forest Park Blvd Suite 1F
Fort Worth, TX 76110
TEL (817) 921-3545

EMAIL info@redteamdfw.com 

Qualifying the Tenant Versus Speed to Rental

Posted on by Red Team Real Estate

Crucial Information for Rental Property Investors 

There are plenty of Guru’s out there that want to sell you their secrets, claiming they can fill your vacancies in less than thirty days. And while they may have some valuable tips, not all of these experts will talk to you about how to discern a good tenant from a bad one, a responsible tenant from an irresponsible one, and a non-paying tenant from a paying one.

“A set of voodoo candles used in a “good luck” ritual sets off a massive fire, killing one woman and left 47 families homeless. Fire officials say the early evening blaze could have easily been contained had the occupants of the apartment called 911 instead of trying to put it out by themselves”. This story is not made up for entertainment, but an actual story of what a real estate investor went through.

Although things may get tight when you have vacancies, things could get even worse if you choose the wrong tenant – getting your property rented to a properly qualified tenant should be your main priority. If you do not have the time or resources to properly screen potential tenants, locate a reputable property manager – this is what they do for a living! The stress and headache that often accompany the landlord job can be reduced.  One effective solution is the screening process.

  • Whether by phone or email, your first contact with the tenant begins the screening process. Asking the right questions can help you decide how you should proceed. 
  • Advise potential tenants of your up-front rent and security deposit requirements, and any other important facts regarding the rental that may change their interest in your property.
  • Draft a list of specific questions to ask. 

Always have a detailed application. I recommend collecting a screening fee and running a background report to weed out prospects that might be ineligible based on your criteria. Review and verify the application thoroughly and look for inconsistencies and red flags.

It is very important that you have a quality residential lease. Make sure your lease covers all seen and unforeseen scenarios. Read the entire lease agreement with the tenants at signing to ensure they understand all contingencies.

Getting your property rented is important but here are the variables you might be missing. If you’re looking to make the most of your investment, avoid costly mistakes and enjoy more freedom, we invite you to connect with the team at Red Team Property Management. We work for our owners focused on creating value. This means getting the best rent as the market continues to change. Also, this means fostering the right tenant fit so that you have as little vacancy time as possible. 

Best Rents + Great Tenant Fits = VALUE!

Educating for REAL Greatness,

Red Team Real Estate and Property Management

Red Team Real Estate and Property Management was started in 2012 to focus on being the provider of quality service that has never been seen before in property management. Our approach is to serve our owners by providing professional, knowledgeable service with maximum value.

Client Spotlight: Joseph Reeves

Posted on by Red Team Real Estate

Red Team’s April Spotlight features: Joseph and Ginny Reeves.  Property Investors with a BIG vision!  Here’s their story!

Ginny and I wanted to start getting into investment property but had no idea where to start or how to manage it. Red Team became a perfect fit because they offer an honest, no hassle, full service solution for managing your properties. 

We heard horror stories about trying to manage a rental property. Having a management company takes away all the stress: they do all the background checks on potential tenants and have all the contacts necessary for any repairs. 

The staff at Red Team is extremely professional. They are quick to answer any questions or address any problems we have. 

There is no hassle. Red Team handles everything and we just sit back and relax.

We would love to help you too!  Contact us today.
Educating for REAL Greatness,
Red Team Real Estate and Property Management

Red Team Real Estate and Property Management was started in 2012 to focus on being the provider of quality service that has never been seen before in property management. Our approach is to serve our owners by providing professional, knowledgeable service with maximum value.