Property Management in Sherman, TX

Top 5 Property Management Companies

Sherman vs. Nearby Cities

Sherman, Texas, has a relatively stable, consistent real estate market with hundreds of homes for sale at any given time. It’s common to see three-bedroom homes with two bathrooms listed for less than $200,000, and larger homes with four or more bedrooms often list for less than $300,000. The median listing price tends to stay well below $200,000, which is more affordable than real estate prices in many other cities in northeastern Texas.

For instance, the median listing prices in Plano and McKinney are often close to $400,000. Buyers looking for more affordable prices can look approximately 30 miles to the west in Gainesville. The median listing price in this city is much closer to $100,000.

Sherman Property Managers

Property managers are real estate professionals with excellent organization, communication and project management skills. They oversee the maintenance of rental properties while handling most communications with tenants. They’re often first to respond in emergencies and may hire contractors for repairs. In some cases, a manager will also handle marketing, accounting, and legal notifications.

Sherman Property Management Fees

Property management fees are typically below 15 percent of the rent collected each month. The rate can go below 5 percent in some cases, but most experienced managers will charge around 10 percent if not a bit more. This fee is on top of operational expenses and an added charge for tenant recruitment and marketing.

Texas Landlord/Tenant Laws

  • Once a Texas tenant vacates a rental unit, the landlord has up to 30 days to return their security deposit.
  • There are no limitations to what landlords can charge tenants for a security deposit in Texas.
    Landlords must give tenants at least three days to move out before the eviction process can begin.