The property management industry is changing. Investors now view property managers as asset managers, and we are held to a higher standard of performance and service.
Fort Worth, TX (PRWEB) January 28, 2015
Real Property Management Dallas/Ft. Worth announced today that it has acquired the assets of Specialized Property Management, one of the largest Fort Worth property management companies founded in 1984. The acquisition will establish the company as the largest professional property management firm in the DFW market, with combined assets under management now over $370M.
“Specialized was looking to partner with an innovative company that could take our operation to the next level,” explained Melissa Shearer, Specialized President. “It was clear that Real Property Management is years ahead of the rest of the industry and is taking a truly visionary approach to our field, so the choice was easy.” Ms. Shearer will stay on and run Specialized for the foreseeable future.
Real Property Management Dallas/Fort Worth is headed by Charles Thompson, the past Chief Operating Officer of Property Management Business Solutions, who took the company to over $7B in assets under management while being tasked with streamlining, automating and improving processes and systems across every aspect of the organization. Mr. Thompson is a twenty-year process-improvement veteran who has specifically focused on improving the client experience for rental property owners for the past eight years.
“The property management industry is changing,” said Mr. Thompson. “Investors now view property managers as asset managers, and we are held to a higher standard of performance and service for both our owner clients and tenants. Investors now expect more efficient, technology-driven operations, stronger market expertise, greater buying power, and detailed analytics to ensure they are getting the best return on their investment. Our proprietary system is designed to meet that higher expectation.”
Rental property management is often unpredictable, yet today’s investors require stability and scalability that allows for profitable, long-term management of their real estate portfolio. This requires a significant investment in training, automation, systems and partnerships that is often beyond the reach of smaller property managers. Some see acquisition as a favorable exit strategy that allows them to cash out rather than risking the loss of additional market share to larger firms who have the resources, proprietary models and industry partnerships that better position them to meet increased expectations.
Real Property Management Dallas/Fort Worth property management services include complete leasing, sales, screening, collection, maintenance, inspections, tenant service, reporting and accounting services. Homeowners and investors rely on its proprietary technology, proven systems, and team of highly trained professionals to avoid costly mistakes and get the best return on their rental property investments. For more information about Real Property Management Dallas/Fort Worth or to contact their Acquisitions team, go to RealPropertyDFW.com.