Red Team Real Estate

Red Team Real Estate, established in 2012 and led by Michael Mayes, provides professional client-centric service by experienced agents dedicated to your needs. Located on the historic Magnolia Avenue, our focus is on the best interest of our clients in each and every transaction, as we are dedicated to the development of long-term client relationships! Let Red Team handle all of your residential and commercial sales, leasing services, and property management. Winning. Clients.

Tuesday, June 30, 2015

Client Spotlight: Justin Wiggains, Goosehead Insurance

“My personal experience with Red Team Real Estate has been helpful, constructive and honest. Michael Mayes provides excellent seminars to the public by presenting priceless information on how to become and stay successful with investment properties. Red Team Real Estate brings a wealth of knowledge to each client, gives them top notch service and continues to keep their best interest a priority. When you’re searching for a straightforward, knowledgeable, professional team…the answer is Red Team Real Estate!”

The Justin Wiggains Agency-Goosehead Insurance

The Power Of Choice

We represent virtually every top rated insurance carrier in Texas to bring you the best product, at the best price for you and your family. Our insurance partner portfolio is robust due to our dedication to quality control and service, and we have unique appointments with certain insurance carriers that other agencies do not have.

Save Time. Save Money. We will shop over 20 “A” rated companies to find the best fit for your needs and budget.

We Keep It Simple. With our cutting edge technology, we take the complex process of buying insurance, and make the entire experience - from running quotes to signing documents - extremely simple.

We Shop. You Save. That’s The Power of Choice.

JUSTIN WIGGAINS Agency Owner

direct │ 972.861.2001

mobile │ 214.914.1385

service │ 800.474.1377

fax │ 866.877.6250

5605 N. MACARTHUR BLVD STE 1007

IRVING, TX 75038

justin.wiggains@goosehead.com www.gooseheadagent.com

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Mythbuster: Property Management Services aren’t Affordable

There IS a way to make the most of your investment, avoid costly mistakes, and enjoy more freedom in your investment. Professional property management services, such as Red Team Property Management, cover every aspect of running your rentals so you can increase profits and go out and live your life. Whether you are thinking about jumping into the rental pool for the first time, or you are tired of being tied down by your current properties, we invite you to connect with our team. We are passionate about what we do, so we love hearing your stories and sharing our experienced advice.

Red Team Property Management works hard to ensure you’re getting the best rent as our market continues to change, as well as fostering the right tenant fit – protecting your investment. Contact us today and start seeing results!

Educating for REAL Greatness,

Red Team Real Estate and Property Management
Red Team Real Estate and Property Management was started in 2012 to focus on being the provider of quality service that has never been seen before in property management. Our approach is to serve our owners by providing professional, knowledgeable service with maximum value.

Red Team News

A strong demand for more moderately priced homes has set the North Texas rental market on FIRE!

Are you looking for more freedom? Are you ready for your investment to start working for you? Are your properties costing you more than their worth? Then it’s time to call Red Team Property Management. Just one phone call can save you time and money. Let Red Team handle the headaches for you. Red Team will take care of all your property management pains, including:

Taking care of all tenant issues.
Thoroughly screening all prospective tenants.
24 hour marketing of your vacant property.
Making sure all required maintenance is done in a timely manner.
Providing 24-hour emergency service, so you don't have to.
The use of Advanced Technology to manage your properties efficiently and effectively.
Monthly statements accounting for all income and disbursements, so you know what we are doing.
Conducting regular surveys of the property, while keeping the owner aware.

Educating for REAL Greatness,

The North Texas Rental Market is on FIRE!

and it’s not going out anytime soon...

The DFW area recently took the #4 spot in Realtor.com’s top 20 hottest housing markets in the country and the numbers are showing it! Home prices have shot up by more than 40 percent during the last five years, and just two months ago, we saw prices jump by 14 percent – one of the largest year-over-year gains ever for our area.

May’s strong home sales and price spike is going to put a lot of pressure on DFW’s housing market, which is already stretched to its limits, with more buyers than sellers. While the area's average is somewhere around the 1.4 months, some suburban markets, including The Colony, Richardson, Bedford, Hurst, Carrollton and Farmers Branch, have under a one month supply of houses listed for sale.

Homes are being built as quickly as possible, but as a younger crowd flocks to our city for its economic growth, most are not in the price range where inventory is needed most — the entry-level market. In addition to the low inventory, tight lending standards and rising home prices have created a tough market for former homeowners, who lost property during the housing crash.

So what does this mean for residential property investors? A strong demand for more moderately priced homes has set the North Texas rental market on FIRE!

As of May 2015, the average apartment rent within 10 miles of Dallas, TX was $1512, with one-bedroom apartments going for an average of $1241 a month, and two-bedroom apartments averaging $1725.

If you already own properties in the area, seeing numbers like this is a rental investor’s dream come true! But with the hoards of new residents piling in, weeding through potential renters can be overwhelming at best. If you’re looking for more freedom and better returns, Red Team Property Management works hard to ensure you’re getting the best rent as our market continues to change, as well as fostering the right tenant fit – protecting your investment. Contact us today and start seeing results!

Best Rents + Great Tenant Fits = VALUE!

Educating for REAL Greatness,

Tuesday, June 9, 2015

Red Team News: Red Team Continues to Grow!

Meet Our Newest Member – Heidi Huff

Red Team Real Estate and Property Management is happy to welcome Heidi Huff to our team!

With 12 years of multi-family experience, Heidi is a true asset to us and our clients! As a licensed Texas real estate agent, Heidi is excited to serve our Red Team family.

“I am looking forward to a brilliant career in property management with Red Team!”

Join us in giving Heidi a great BIG ‘ol Texas welcome!

TEL 817-921-3545 Ext. 5
EMAIL hhuff@redteamdfw.com

Client Spotlight: Captain Stu

This month’s client spotlight is a favorite. Meet Captain Stu!

“Being new to the rental business this past year, I knew I wanted to work with a company that could help me understand the process, as well as take care of all of the day to day operations. As a pilot, I am not available to answer or return phone calls promptly due to unpredictable work hours, so being referred to Red Team was the relationship that I needed to manage a property and find a reliable tenant.

With their expert knowledge and personalized service, not only did they help me understand my options with various property types, but also how to make a determination on what property was likely to generate the best return for my money.

They make it easy, and are a local Texas company that understands the DFW metroplex and it's numerous markets well. Their staff s friendly, helpful, and have exceeded my expectations with my first property. They even handled the renovation floor to ceiling with quality vendors and developed a positive relationship with my first tenant.

Red Team made the process so stress free, that one year later, I am excited they are helping me find another property under their management.

Red Team is a Real Estate and Property Management relationship that I would recommend.”

Best regards,

Captain Stu

Educating for REAL Greatness,

Red Team Real Estate and Property Management
Red Team Real Estate and Property Management was started in 2012 to focus on being the provider of quality service that has never been seen before in property management. Our approach is to serve our owners by providing professional, knowledgeable service with maximum value.

The 2015 top 3 insider tips for buying property in the DFW real estate market.

In Baseball, you cannot win the game in the first inning. If you get too far behind though, you can make the hole so deep that it is difficult to win the game. It is the same for purchasing real estate rentals. You need to “play” smart on the front end. If you find yourself getting behind, no need to worry! You can make that up over time. However, if you buy poorly on the front end, you will be chasing to get back to square one and may never make it.

It’s about Return on Investment (ROI).
There is no reason to buy a property for a long term rental if you are not aware of and focused on the ROI. As a rule of thumb for purchasing a Single Family Rental (SFR), we remind our clients that Red Team is looking for homes that are going to generate a fair ROI. For an SFR, we would typically look for a home that the purchase price plus repairs is going to generate approximately 1% per month in rental income. This is not exact, but if a property is not going to generate the income that we are looking for, we move on to the next opportunity. Note: This does not apply to turning an existing property into a rental, only to the purchase of a new property as a rental.

Remove Emotion.
Another thing to remember is to take emotion out of it. A rental property purchase is an investment. It is a business that is expected to generate revenue and ultimately a profit. If you purchase a rental and never make any money on it, then why did you buy it? Often we find people wanting to purchase a property because they like a certain neighborhood or because the price is great. Well, there may be reasons to make that purchase, however a good rental purchase is going to be one that generates an ROI that the owner is happy with receiving. A rental is not a good rental purchase because the owner can see themselves living in that house.

Always have the end in mind.
We tell our clients, knowing the long term plan is important on rentals. How long you are going to hold the property and what are you using the rental investment vehicle to accomplish? If you make a plan and know where you are headed, it is much easier to get there.

Educating for REAL Greatness,