In the late 1990’s, Dallas suburban development spilled over from the northern border of Plano and into neighboring Frisco, causing massive growth into the late 2000’s. According to U.S. Census Bureau data, Frisco was the fastest growing city in the nation from 2000 to 2009. And as of 2014, Frisco had seen a population growth of 243.54 percent.
If you’re looking to invest in real estate in Texas, Frisco is a fantastic long-term choice. The high median income, healthy (and growing) economy and attractive draws (like the school system and sports scene) make this affluent city a no-brainer for long-term investments.
Before you decide if Frisco, TX is right for you, do your research on the market. Know the property and tenant you’re going after, and find the pocket of the city that best suits your needs.
Once you’re ready to invest, you should consider partnering with a Frisco, TX property management company. Having a Frisco property management company handle all your tenant and maintenance issues can make for a better investment experience for you and a better living experience for your tenants.
Quality Property Management in Frisco, TX
At LEAP, we work with the entire spectrum of investors, from local homeowners looking to build a nest egg to out-of-state and foreign investors looking to expand their portfolios.
In most cases, being a landlord is similar to working a second job. There’s just too much to manage for most people. We take the burden of being a landlord off your shoulders by simplifying the property management process.
At LEAP, there are no surprises. We disclose all financial information and expenses. Our management agreements are clear and comprehensive. Our fees are simple and reasonable.
Our experienced property managers know how to care for Frisco, TX homes. We are local people who know the area and the community. We understand the needs of Frisco families and students, and how to build rental relationships that accommodate everyone.
Our goal is to create a personalized experience for each of our homeowners by providing fast leasing, hassle-free management, and affordable pricing.
LEAP Property Management took the stress out of leasing our home as we were first time landlords.
Client
Frisco Property Management Services
Rent collection
We accept most payment methods, including an online tenant portal where they can submit payments. Our 98.6% rent collection rate means you get paid on time. We have a zero tolerance late policy.
We’ll help you price your rental using a careful market analysis that balances the needs to compete for quality tenants and create as much revenue as possible. We’ll design a protective lease that’s right for your property.
Owner disbursements
Your disbursements are delivered automatically each month. We deposit straight into your bank account. Statements are available any time. Separate disbursements are available for properties with multiple owners. Our proprietary software is the best in the industry. We maintain all records electronically (paperless).
HOA enforcement
Our office will uphold your agreement with a homeowners’ association. You forward us any HOA notices and we’ll work with your tenant to correct the issue.
Tenant correspondence
We handle all communication with your tenants. You will never have to speak to them. All correspondence is documented by our staff.
Tenant selection and management
This is the most important part of the rental process. We only approve the most qualified tenants using a 21 point screening process. We regularly inspect properties to ensure they are being taken care of. We schedule inspections if any red flags are noticed (late rent, frivolous repair request, letters from the city or HOA, calls from neighbors, etc.). You approve all tenants. If eviction is necessary, we handle the entire process.
I have complete confidence in LEAP Property Management. I have used the service for more than a year and my experience has been very positive.
Client
Marketing
We aggressively market your property through 150+ sources. We perform nationwide criminal, background and credit checks. We prepare the lease, collect all funds, and coordinate the move-in. You receive a pre-move-in video of the property’s condition. Our average time on the market is only 21 days.
Maintenance
We do not require a maintenance reserve. We simply deduct repair expenses from your monthly disbursement. We do not mark-up repair costs. Our maintenance partners are trustworthy, reputable local companies. Everything is handled promptly by our staff.
Turn-key service
You can be as involved or as uninvolved as you wish. The majority of our clients prefer to let us handle as much as possible. You will be assigned a property manager as a point of contact. The manager will work with the rest of our team: accountants, repair coordinators, and real estate brokers.
There is never a time you need to anywhere physically, but there will be some instances where you’ll need to make executive decisions over phone or email. If you like to be involved, we are happy to keep you included on everything. We keep our low manager-to-property ratio low so you always get a quick response.
Property Management Fees
Our fee structure is simple and straightforward. We charge…
NO mark-ups on repairs
NO upfront fees
NO contract (cancel anytime, no cancellation fees)
NO maintenance coordination fees
NO fee on vacant properties
NO commission if you sell
LOW property to manager ratio
NO fine print
We also offer discounts for multiple properties!
What Makes Frisco, TX Great?
The rapidly-growing city of Frisco is a popular choice for real estate investors because the economy is booming, the school system is excellent, and the cultural scene is thriving.
Frisco rates 62/100 on the Sperling’s comfort index, where are a higher score indicates a more comfortable climate. The city enjoys 230 sunny days per year.
Economy
Considered a bedroom community for many professionals who work in the DFW Metroplex, Frisco is home to some of the most successful citizens in the state. It ranks in the top 5% statewide for well paid single men and women.
The unemployment rate is a low 2.9%. Job growth over the next ten years is expected to be over 43%. Income per capita is $43,595 and the median household income is $112,155.
The economy got a recent boost when the Dallas Cowboys relocated their world headquarters, nicknamed The Star, to Frisco in 2016. In addition to housing the Dallas Cowboys corporate team, The Star will bring in other large corporate players, creating a huge amount of new jobs. Bank of America has already signed a deal to lease two floors of The Star and plans to hire 200 locals to support their new office.
Education
Frisco has an excellent school system, which appeals to families looking to plant roots. 90% of graduates go on to pursue some form of higher education. The Frisco Independent School District (FISD) is one of the fastest growing in the nation. It serves Frisco and the surrounding areas of Little Elm, McKinney and Plano, as well as additional unincorporated areas of both Collin and Denton counties.
The school district is widely praised for its personalized approach to education; FISD’s mission is to “know every student by name and need”. This personalized approach to education combined with the high rate of students going on to higher education is extremely attractive to potential buyers, and makes property management in Frisco, TX a solid choice for investors.
Culture
Frisco is known for its incredible food, entertainment, arts, and culture. It is home to major sports centers such as the Dr. Pepper Ballpark, Toyota Stadium, the Dr. Pepper Arena, and the Dallas Cowboy’s corporate headquarters and training facilities.
Frisco is a fantastic long-term investment opportunity for real estate investors. The high median income, healthy (and growing) economy and attractive draws (such as excellent schools and a thriving sports scene) make this affluent city city a no-brainer for long-term investments.
If you haven’t decided to invest yet, you should partner with a Frisco, TX property management company to help you through the process. A property management company can help you find a property and handle all of your tenant and maintenance issues, which creates a better investment experience for you and a better living experience for your tenants.
- Source: City of Frisco
Looking for Property Management in Frisco, TX?
Making an investment in real estate is a big commitment, and it’s important that you understand the market you’re going into. But when you are ready to take the leap, Frisco, TX offers an incredible investment opportunity.
Don’t waste your time finding the right tenants, maintaining your property, and dealing with paperwork. Our client-centric approach and experience in managing properties in Frisco can be a huge asset. We’ll handle the entire process so you can sit back and enjoy the fruits of your investment.
Contact us today to simplify your property management by filling out the form to the right or calling 888-729-0622.
