The Colony Property Management
Let us manage your The Colony rental property
Great service is the primary differentiator between management companies. Some deliver it, most don't. Our focus is to provide a personal touch to each of our owners through fast leasing, quality management, and excellent pricing. Click here for a detailed flyer.
Highlight of Our Services
Fast Leasing, Good Tenants +
Owning an investment property and watching it sit vacant is extremely frustrating. We have an arsenal of methods to get you good quality tenants as quickly as possible. We use a combination of traditional methods (sign in yard, agent communications) and modern methods (MLS, 3rd-party site postings, this web site). Once an application is received, tenants will go through a detailed screening process prior to being approved. Also, we stay in contact with you during the leasing process with regular updates
Excellent Pricing +
Don't be fooled by management companies who quote low management fees, only to "nickel and dime" you with additional fees for services that should be included. Also, we DO NOT charge you when your property is vacant. This gives us incentive to get you a tenant. That is why our pricing structure is designed so that we don't get paid unless you are getting paid. The following pricing structure makes us unique:
- No fees charged when the property is vacant.
- No eviction fees--only actual expenses are passed through to owners.
- No repair coordination fees--only actual repair costs are pass through to owners.
- We charge a very low leasing fee of 50% of one month's rent and 10% for renewals
- We charge a management fee that varies depending on the number of units managed.
- We charge no other fees.
Consider us to manage your property. Are you managing your property yourself but tired of the hassles? Or, do you have an average property manager who does not maintain the property or communicate with you? These are some key areas where we provide real value as your property manager.
Quality Management +
Our management approach places our owners in the driver's seat, giving them choices that our competitors don't offer. Yes, each month we collect rents for our owners and send them the proceeds, but that is not all we do. Our goal is for our owners to have peace of mind, knowing their property is in good hands. We provide open communications, fair but firm rent collection, repair coordination, monthly and annual statements, HOA / city code issue resolution, and eviction services. We work hard to keep our owners up-to-speed and are available 7 days a week.
We utilize a multi-pronged approach when marketing your property. This includes a sign in the yard, listing in the MLS, and exposure across multiple web sites. Also, we partner with other area property managers to exchange tenants for mutual benefit. With a vacancy rate of 2 - 4%, we get results!
You care about your property and want good tenants who will pay the rent on time and keep up with maintenance. One bad tenant can kill your cash flow. That is why we go beyond simple credit checks and carefully review a number of tenant credentials:
- credit checks
- criminal history checks
- sex offender database scan
- previous rental history
- employment verification
By keeping the bad tenants out, we protect your investment and cut down on the probability of evictions, tenant damages, and (thus) your expenses.
Accounting, Rent Collection and Disbursement+
As a property owner, you are the boss . . .
- Rent Collection: Our tenants have multiple ways to deliver the rent. We use a fair but firm approach to rent collection and get our owners in the loop when necessary.
- Accounting: Our owners receive a monthly statement which can be delivered either via regular mail or paperless (with emailed statements/receipts and direct deposit of funds). Annual statements are delivered each year.
- Evictions: Because of our careful screening techniques, we have very few evictions. However, we do perform evictions if necessary at no extra charge.
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The Colony Area Information
The Colony is located within, and derives its name from, the original Peters Colony lands, on the site of the Hedgcoxe War.
The Colony did not exist before 1969, when home developers Fox and Jacobs (since purchased by Centex) purchased most of the land located around State Highway 121 and Farm to Market Road 423. They planned the development of a new "dream city" modeled after the city of Dallas, consisting primarily of single-family homes grouped as a "colony". The homes were served by a municipal utility district formed to bring water, electricity (via Texas Power and Light), cable television (via Lakeside CATV) and telephone service (via Southwestern Bell). Source