Owner FAQs

Answers to your frequently asked questions

• Am I required to make my property available to Section 8?

  No - FCR policy is not to accept Section 8. We will however take over a house that currently has a Section 8 tenant, with the understanding that if the tenant moves we will not release it under Section 8.

• Are you licensed?

  Yes, we are licensed by the Texas Real Estate Commission. We also hold the highest NARPM MPM designation and the prestigious CRMC company designation.

• Can I reach you after hours?

  We always have someone on call. It is also very easy to reach one of us via e-mail after hours.

• Can you put the money directly into my account?

  Yes we send net proceeds to our clients directly into their account via ACH

• Do I get to see the lease or sign it?

  We sign the lease on your behalf but we do send you a copy of the lease once the tenant moves in.

• Do you sell real estate too?

  Definitely. We can help you find a new investment and we can sell your investment. We have mastered incentives to sell tenant occupied properties.

• How and when do I get my checks?

  We initiate ACH bank transfers on the 10th day of each month. If the 10th falls on a weekend or holiday, the payment will be issued the very next business day.

• How is rent collection handled?

  We offer a very convenient online payment system through our website. We also take payment in our office and a drop box for after hour payments. Rent is due on the 1st and considered late if not received in our possession by the 5th.

• How long of a lease do you sign?

  12 months. We do consult with our clients if a shorter or longer lease is requested.

• How much security deposit do you charge the tenant?

  Credit Score	Security Deposit
  600+	1 Month
  550 - 599	1.5 Month
  500 - 549	2 Month

• How soon can you start managing my property?

  It is common for a 30 day notice to be given to a management company when you want to terminate an agreement. Once that notice is given we like to immediately begin preparing for the transfer. We will provide you with a helpful checklist to make the transition smooth. If you are not with another firm then we can start as soon as the management agreement is signed.

• What type of properties do you manage?

  The majority of our portfolio consists of single family homes and condos. We also handle multi-family and small commercial buildings.