Frequently Asked Questions
Find answers to common questions about our property management services
What is property management?
Property management is the professional oversight of rental properties on behalf of property owners. This includes marketing the property, screening tenants, collecting rent, coordinating maintenance, handling lease agreements, and ensuring compliance with Texas rental laws.
At Redstone Property Management, we manage single-family rental homes across the Dallas–Fort Worth (DFW) area and handle the day-to-day responsibilities so owners can enjoy passive income without the stress of managing tenants and maintenance.
How much does property management cost?
Traditional property management companies in the Dallas–Fort Worth area often charge 10–15% of the monthly rent.
For example:
• If your property rents for $2,500 per month, a typical property manager charging 10% would cost $250 per month, and at 15% it could cost $375 per month.
At Redstone Property Management, we offer a simple flat-rate pricing model of $125 per month per property, regardless of the rental price.
Using the same example:
• Monthly rent: $2,500
• Typical property manager (10%): $250/month
• Redstone Property Management: $125/month
This means owners can potentially save $125–$250 every month, while still receiving professional property management services.
Our management service includes:
• Tenant screening and placement
• Rent collection
• Maintenance coordination
• Lease management
• Compliance with Texas landlord-tenant laws
• Owner communication and reporting
Contact us for full details about our services and to see how our flat-rate model can improve your rental property's profitability.
What services does a property management company provide?
A property management company handles the daily operations of a rental property so owners don't have to.
Our services include:
• Professional property marketing
• Tenant screening and background checks
• Lease preparation and execution
• Rent collection and accounting
• Maintenance coordination with trusted vendors
• Tenant communication and issue resolution
• Compliance with Texas landlord-tenant laws
• Owner reporting and financial transparency
Our goal is to maximize rental income while protecting your investment property.
How does property management work?
Property management works by allowing property owners to delegate the operational responsibilities of rental properties to experienced professionals.
Once a property is placed under management, we handle:
1. Marketing the property and finding qualified tenants
2. Screening applicants and signing leases
3. Collecting rent and managing tenant communication
4. Coordinating repairs and preventative maintenance
5. Ensuring legal compliance with Texas rental laws
For example, if a tenant reports an HVAC issue, we coordinate with licensed vendors to resolve the problem quickly while keeping the owner informed.
How do you work with real estate investors?
We work closely with real estate investors to help maximize long-term property performance.
Our team assists investors by:
• Ensuring properties are competitively priced for rent
• Screening tenants to reduce risk
• Maintaining properties to protect asset value
• Ensuring compliance with Texas landlord laws
• Providing clear reporting and communication
Whether you own one rental home or a growing portfolio, our management services help simplify operations and improve returns.
How do you screen tenants?
Tenant screening is one of the most important steps in protecting your investment.
At Redstone Property Management, every applicant goes through a thorough screening process that typically includes:
• Credit history review
• Background and criminal checks
• Employment and income verification
• Rental history verification
• Eviction history review
Our goal is to place qualified, responsible tenants who pay rent on time and care for your property.
Who handles maintenance and repairs?
We coordinate all maintenance and repair requests on behalf of the property owner.
Tenants can submit maintenance requests through the tenant portal, and our team will:
• Evaluate the issue
• Dispatch trusted local vendors
• Coordinate scheduling with the tenant
• Ensure the repair is completed properly
For urgent issues such as plumbing leaks or HVAC failures, we work quickly with vendors to protect the property and minimize tenant disruption.
What happens if a tenant stops paying rent?
If rent is not paid on time, we follow a structured process that complies with Texas landlord-tenant laws.
This process may include:
1. Rent reminders and communication with the tenant
2. Issuing proper notices as required by Texas law
3. Coordinating legal steps if eviction becomes necessary
Our team handles the process professionally while keeping the owner informed every step of the way.
How long does it usually take to rent my property?
The timeline depends on factors such as:
• Rental price
• Property condition
• Location within the DFW area
• Current market demand
In many cases, well-priced properties in the Dallas–Fort Worth area can be rented within 2–4 weeks.
We help minimize vacancy by:
• Marketing the property effectively
• Pricing it competitively
• Responding quickly to inquiries and showing requests.
How do you determine the rental price for my property?
We conduct a market analysis to determine the optimal rental price.
This includes reviewing:
• Comparable rental properties in your neighborhood
• Current market demand
• Property size, condition, and features
• Local market trends within the DFW area
Pricing the property correctly helps reduce vacancy time while maximizing long-term rental income.
How do owners receive rent payments?
Rent payments are collected electronically through the tenant portal.
After rent is received and processed:
• Funds are deposited directly to the owner
• Owners receive statements showing income and expenses
• Financial reporting is available through the owner portal
This ensures transparent and convenient financial tracking.
Do you inspect the property?
Yes. Periodic inspections help protect your investment and ensure tenants are following the lease agreement.
Inspections may include:
• Move-in documentation
• Routine condition checks
• Move-out inspections
This helps identify maintenance needs early and ensures the property remains in good condition.
Can I still be involved with my property?
Absolutely.
While we handle day-to-day management, owners can remain as involved as they prefer.
Through the owner portal, you can:
• View financial statements
• Track maintenance requests
• Review lease information
• Communicate with our team
Our goal is to make ownership simple, transparent, and stress-free.
What if I still have questions?
We're always happy to help.
If you have additional questions about our property management services, you can:
• Contact us for a free consultation
• Call our team to discuss your property
• Submit a request through our website
If you're a tenant looking for a rental home, you can browse our available listings online and reach out to our team for assistance.
