Join us on
Follow the ALPS blog!
11573 Jollyville Rd.
Austin, TX 78720
- Real Estate Services to Buyers and
- Out of State Property
Management Company Referrals
- Maintenance and Make
Ready Services for our Owners and Referring
YOUR Success |
512.794.8171 X 217
512.794.8171 X 215
of Property Management
512.794.8171 X 211
REALTOR®, RMP®, MPM®
512.794.8171 X 222
Director of Operations
512.794.8171 X 214
512.794.8171 X 218
and Management Coordinator
512.794.8171 X 216
512.794.8171 X 224
Assistant to Director of Property Management
512.794.8171 X 210
Check Your Insurance:
Events can happen - flood, extreme heat, earthquakes,
fire, and more! It is important to check your insurance
to obtain the best coverage possible and ensure that it
is current.Review now with your insurance agent before a
If An Emergency Occurs:
Please be patient and avoid tying up critical phone
lines and our time. Our first priority during any
emergency is to handle the situation, taking any
necessary measures for the safety of your property and
your tenants. Then, we will contact you as soon as we
|Where Is The
National Job Growth Coming From
- Word has it that about 30% of new job
growth nationally is coming from Texas.
- Texas business gets tenth straight top
ranking with a 4.8 GDP, low unemployment, growing
population and low taxes.
- Austin area makes Forbes' "Big Cities"
list for "best for jobs."
- File sharing firm Box, Inc. of California
is expanding to Austin bringing 200 jobs.
- Austin and surrounding areas have grown
from 9.2% to 39% with the highest growth happening in
areas where most of our clients have investment homes.
This has spurred higher rents.
- New car sales have rocketed in Austin.
Hum, could it be due to our great growth?
- ALPS staff gears up for the extremely
busy summer season.
of Security Deposit
One of the most
difficult tasks for a property manager and/or owner, can
be refunding the tenant's security deposit to everyone's
satisfaction. Any property manager (or owner) is elated
when they can issue a full refund because the tenant has
left the property in excellent condition, complied with
their rental agreement, and paid their rent in full.
Unfortunately, there are times when deductions must be
made for loss of rent and damages, leading to the
dissatisfaction of the departing tenant. However, steps
can be taken to optimize a successful reconciliation
between all parties.
- "Start before the tenant moves in". This may
sound like an odd approach to take but common sense
steps in the beginning will increase the odds for
success when the tenant moves out.
- First, we prepare the
unit in a clean reasonable condition for when the
tenant moves in. For, example, it is really difficult
to charge for painting when the walls were scarred and
marked when the tenant moved in. If the property is in
good condition, then it is reasonable to expect the
same condition when the tenant moves out.
- We document the
property condition before the tenant moves in. With
this completed at the beginning of the tenancy, there
are grounds for deductions if there are tenant damages
at the end. It may not always be possible to avoid
litigation so it is very important to have complete
records to defend keeping any or all of the security
- We conduct a thorough
tenant screening. Starting with the right tenant in
the beginning eliminates most problems regarding a
security deposit refund at the end of the tenancy. A
good tenant will care for the property while renting,
complete all required payments, and leave the
residence in good condition. Good tenants want to
maintain a good rental history and credit; in
addition, they want their security deposit back.
- We complete a detailed
rental agreement that complies with state laws and
executed to ensure that the tenant fully understands
and signs what is expected of them during tenancy
and when they move out. Proper documentation
details what rent is due until the end of the tenancy,
when rent is to be paid, and what condition is
expected of the property when they move out. The
rental agreement also clearly states the amount of the
security deposit paid by the tenant.
- "Continue important functions during the
tenancy." This can avoid legal issues where the
tenant feels they have the right to use the security
deposit for rent or repairs while they are still
- Complete necessary
repairs in a timely manner.
- Maintain accurate
- Keep accurate
financial records on rent, late fees, and any other
funds collected from the tenant.
- "Complete the move out and refund of the deposit
in a timely manner." It is important to remember
that settling the security deposit in a timely manner
will be to the benefit of all parties.
- The property condition
is properly documented and completed with the tenant
- A refund and/or
statement of condition detailing the deductions is
issued in accordance with state laws.
- If circumstances
dictate that the security deposit has been forfeited,
we itemize repairs and details of all unpaid monies
are issue a statement to the tenant at the last known
address. This needs to be completed even if the tenant
owes the property owner money.
- Failure to issue a
security deposit statement and/or fund within the
timeline of state law can lead to larger financial
- "Use common sense if there is any dispute
regarding the security deposit."
- If the tenant
challenges the deductions, it is important to evaluate
if it is worth the dispute. Sometimes, even a small
compromise will settle the matter. Remember that a
legal action can be more costly than simply refunding
the amount challenged.
- Most tenants do not
dispute the loss of their security deposit when they
owe more than they paid.
- When necessary, we
consult an experienced attorney, and discuss your
options with you based on their advice.
Handling a security
deposit is not always easy. By taking the right steps
from the beginning of the tenancy until the end, we find
the process easier.