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{ From Property Management Now
I
What Investors Should Be Demanding

cash flow yields despite converging
economics.
Pam Blanco says that these are
some of the important factors buy and
hold investors should be seeking, and
signals that they are working with
a reputable company that is serious
about providing a stellar service.
1. MOBILE FIRST
APPROACH TO SERVICE
Google has moved from preferring
‘mobile friendly’ websites, to giving
preference to mobile-first websites.
That makes it smart from a marketing
point of view, but is also just common
sense in the effort to best serve both
investors and renters who are now
mostly mobile.
STOPPING THE LEAKS BEFORE
THE MARKET CHANGES
The Dallas-Fort Worth area real estate
market has been one of the strongest and
fastest growing in the US over the past
few years. Even though data suggests
that markets like San Francisco, may al-
ready be deflating. Zillow predict Dallas
home values will continue growing, at
least through April 2018. With its high
rents and high rent-to-price ratio, and
reputation for its insulation from market
fluctuations, Dallas could become even
more popular with global property
investors over the next year.
However, this is not the time to be
lax in property management. Spreads
may be great, and tenants may still be
plentiful. Yet, these dynamics are con-
stantly influx. Asset prices are expected
to rise over 5% in the next year, rents
may soften as they push affordability
to breaking point, and some tenants
may make the leap to homeownership
as flippers offer seller financing, and to
beat higher interest rates.
Landlords must lock in great tenants
now, provide an experience which will
keep them, ensure their properties are
maintained in premium condition, and
operate at extreme efficiency to maintain
THE PERFORMANCE ISSUE
It is in the management that invest-
ments are proven or broken.
In reality, what should be amazing
investment opportunities can miser-
ably fail to live up to their potential,
if the management isn’t good. At the
same time, a borderline, mediocre
investment property could become a
star asset and multiply in value, with
great management.
Every real estate investor knows
they need professional third-party
management. At least if they are
to ever really get the best benefits
out of their investments, and to be
able to enjoy the rewards of their
investments, while achieving optimal
returns.
Of course, finding a great proper-
ty management service isn’t always
easy, even when you are buying
‘turnkey’ properties from out of the
Realty411Guide.com
AN INTERVIEW WITH
PAM BLANCO
area. It’s much the same as
trying to pick out a good
Realtor, attorney, lender or
internet service provider.
Sometimes you have to
do a little hunting to find
a great one.
The need to secure great
management is urgent more
than ever today, and here’s
why…
t all falls apart, or
comes together
in the property
management.
What should
real estate
investors be
looking for in order to
get the most out of their
assets and portfolios now?
Property management is such
a critical issue, especially in a market
that is as large and popular as Texas.
So, we tapped into the mind of
Pam Blanco, who has been a pro-
fessional investor, broker, and asset
manager in the DFW area for over 20
years, to find out the types of services
investors should be seeking today…

PAGE 92 • 2017

2. ONLINE RENTAL
APPLICATIONS
No one wants to be bogged down in
paper today. Much less having to be
emailed documents and find a print
shop, fill things out and find a way to
fax things or drive them back. That’s
dinosaur age. Prospective renters
should be able to apply online, and
that serves the process with increased
speed too. Not to mention preserving
the environment.
3. CLEAR QUALIFICATION
CRITERIA
Landlords have to be very, very care-
ful in approving and denying tenants
today. Qualifications must be clear and
applied evenly and lawfully to avoid
expensive lawsuits. Having clear
Continued on pg. 116

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