Tyler vs Nearby Cities
Tyler is located approximately 100 miles east of Dallas and offers much lower real estate prices. While the median listing price in Dallas has soared to around $400,000 and is expected to go even higher, the median listing price in Tyler tends to stay closer to $250,000. Rental prices are also much lower in Tyler, with a median monthly price around $1,300.
Real estate prices in Tyler are slightly higher than many cities of a similar size in northeastern Texas. For instance, median listing prices in Longview, Canton and Athens are typically around $200,000. With a median listing price well below 200,000, Jacksonville is one of the most affordable cities in this region of the state.
Tyler Property Managers
Property managers can work independently or as part of a managing firm. They’re responsible for collecting rent from tenants while answering questions and responding quickly to emergencies. Most managers will oversee maintenance and repairs for all rental units while ensuring that community grounds are well maintained. Managers serve as the eyes and ears for off-site or busy owners.
Tyler Property Management Fees
The base managerial fee charged by a property manager can go as high as 15 percent of the total rent collected each month. There are sometimes added incentives that encourage managers to keep all rental units full, or the manager may charge a higher managerial fee for the first month of rent paid by new occupants.
- Rental leases in Texas must disclose the name and contact information for any parties legally authorized to act on behalf of the property owner. This includes property managers.
- If a landlord fails to return a tenant’s security deposit within 30 days of the tenant vacating the property, the tenant may sue for up to $10,000 in damages.