Rental Property Management FAQ for Rental Owners


Getting Started


  • Do I actually need a property manager, or can I self-manage?

    Consider a manager if you’d answer “yes” to most of these: Do you have a career or family obligations that limit the time you can give to day-to-day issues? Do you struggle to track rental income/expenses?

    Do you want to avoid chasing tenants for money, coordinating repairs on

    holidays/weekends, handling move-in/move-out inspections yourself, dealing with 1099 tax compliance, keeping up with changing landlord-tenant law, or showing a vacant unit yourself? If most of these are “yes,” a property manager is likely worth the fee. If you answered “no” across the board, self-managing may still make sense for you.

  • What types of owners do you work with?

    Single-home owners, international investors, private investment funds, REITs, out-of-state investors, and owners with large rental portfolios — both single-family and smaller multifamily properties. 

  • What areas do you cover?

    In Houston, roughly a 25-mile radius from downtown. In Dallas, coverage is defined by specific named suburbs rather than a radius (e.g., Plano, Richardson,

    Garland, Rockwall, Las Colinas) rather than a fixed mileage boundary. Full lists are available on the Service Locations page.

  Rent Collection & Late Payments


  • What’s your standard collection policy?

    Rent is due on the 1st. If a tenant is late, the firm works with them via text and email rather than moving straight to penalties. 

  • Do you report tenant payments to credit bureaus?

    Yes — on-time payments are reported

    to help tenants build credit, which the firm frames as a retention incentive (a “tenant credit builder” program). 

  • What happens if a tenant doesn’t pay?

    The tenant has options before it reaches eviction: a third-party service (GetFlex, $15 flat fee) that pays the rent on the tenant’s behalf on flexible terms, or a formal Payment Plan Request with the firm (lower notice fee than going straight to collections, but late fees aren’t waived after the third arrangement in a calendar year). If neither resolves it, the process moves to eviction filing and, after eviction, a thirdparty collections firm that takes a percentage of anything recovered.

 Move-In / Move-Out & Inspections


  • What happens at move-in?

    Tenants must show proof of utilities activated and proof of renters insurance, get enrolled in the AC filter delivery program, and the property is rekeyed to meet Texas Property Code requirements. A photo condition assessment is takenand tenants complete a recorded orientation covering lease terms and expectations before move-in. 

  • How often is the property inspected while occupied?

    Vacant properties are visited

    roughly every two weeks. Occupied properties get a self-guided inspection process (tenant-completed photo/video walkthroughs reviewed by the manager) rather than routine in-person annual visits, with in-person visits scheduled when a specific concern warrants it.

  • What happens at move-out?

    Tenants must give proper notice and a forwarding address. A thorough photo assessment (60–150 photos per report) is compared against the move-in condition report to distinguish actual damage from normal wear and tear before any security

    deposit deduction is made. Key return is handled contactlessly. 

  Marketing & Filling Vacancies


  • How do you market my vacant property?

    Listings go on the local MLS (Ashoka Lion is a registered TX brokerage), syndicated through the Houston Association of Realtors (marketed under “The Lion Real Estate Group”) or North Texas Real Estate Information. Systems (NTREIS) in Dallas. Listings also syndicate automatically through AppFolio to multiple rental sites, plus direct posting to Zumper, Apartment.com, Facebook Marketplace, YouTube, and a dedicated Facebook group for Houston leasing agents.

  • How is a multifamily property marketed differently?

    Same core channels, plus physical

    signage coordination at the property — something not typically needed for single-family listings.

Tenant Screening 


  • How thorough is your tenant screening?

     It’s a 20-step process, including: two months of paycheck stubs, current lease copy, ID verification, cross-checking the address on the ID against the application, paycheck stubs, and credit report, landlord contact verification

    (confirming actual ownership, not just a phone number), public-records search for criminal

    history/liens/judgments, employer verification by both direct contact and an independent

    Google search (to catch fabricated employer info), bank deposit verification for selfemployed applicants, and a manual income-to-rent ratio check (3x rent, verified against

    actual paycheck stubs rather than just a stated number).

  • Is screening foolproof?

    No — the site is explicit about this: “no screening is fool proof,” but

    the process is designed to weed out applicants who are unlikely to pay rent or take care of

    the property. 

Repairs & Maintenance 


  • How are repair requests handled and do you contact me for every repair?

    A 24/7 maintenance line, staffed via VOIP call routing to property managers (including night-shift monitoring for true emergencies). 


    Owners need to be contacted only for repairs above a set threshold.Repairs under $400 can be handled without prior owner notification unless it’s a discretionary judgment call; anything above that threshold, or anything the property manager determines poses a risk to the property, community, or life/safety, gets owner notification and, where appropriate, immediate action regardless of cost.

  • Can I use my own vendors?

    Yes — owners can provide a list of preferred vendors, who are

    then onboarded and required to follow the same policies and quality expectations as the firm’s standard vendor network. 

  • What if I have a large or emergency repair I can’t immediately afford?

    There’s a financing option — an unsecured personal loan platform reviewed across 15+ lenders, for

    repairs starting around $1,000, that can fund in a few days. This was introduced as a landlord support option during COVID-19 economic uncertainty and remains available.

Rent Collection & Late Payments


  • What’s your standard collection policy?

    Rent is due on the 1st. If a tenant is late, the firm works with them via text and email rather than moving straight to penalties. 

  • Do you report tenant payments to credit bureaus?

    Yes — on-time payments are reported

    to help tenants build credit, which the firm frames as a retention incentive (a “tenant credit builder” program)

  • What happens if a tenant doesn’t pay?

    The tenant has options before it reaches eviction: a third-party service (GetFlex, $15 flat fee) that pays the rent on the tenant’s behalf on flexible terms, or a formal Payment Plan Request with the firm (lower notice fee than going straight to collections, but late fees aren’t waived after the third arrangement in a calendar year). If neither resolves it, the process moves to eviction filing and, after eviction, a thirdparty collections firm that takes a percentage of anything recovered.

Move-In / Move-Out & Inspections


  • What happens at move-in?

    Tenants must show proof of utilities activated and proof of renters insurance, get enrolled in the AC filter delivery program, and the property is rekeyed to meet Texas Property Code requirements. A photo condition assessment is taken,

    and tenants complete a recorded orientation covering lease terms and expectations before move-in.

  • How often is the property inspected while occupied?

    Yes — on-time payments are reported

    Vacant properties are visited

    roughly every two weeks. Occupied properties get a self-guided inspection process (tenant-completed photo/video walkthroughs reviewed by the manager) rather than routine in-person annual visits, with in-person visits scheduled when a specific concern warrants it.

  • What happens at move-out?

    Tenants must give proper notice and a forwarding address. A thorough photo assessment (60–150 photos per report) is compared against the move-in

    condition report to distinguish actual damage from normal wear and tear before any security deposit deduction is made. Key return is handled contactlessly

  • Do you pursue lease renewals?

    Standard practice is to actively pursue renewals for predictability and to reduce turnover/vacancy cost — it also gives a natural checkpoint toupdate a tenant’s renters insurance and complete a maintenance review.

Reporting & Financials


  • How do I see what’s happening with my property?

    Through the owner portal: perproperty income statement, owner contribution tracking, disbursement history, rent roll, and online copies of every invoice.

  • How often will I hear from my property manager?

    Reports are uploaded to the portal on a

    weekly basis, and managers aim to reach out roughly biweekly (weekly where possible) to walk through pending items and recap anything notable

  • How is tax compliance handled?

    Tenants must give pThe firm issues 1099s to vendors who service the properties and provides a 1099-MISC to owners for gross rents collected, per IRS requirements.

Owner Benefit Programs


  • What extra programs are available to owners?

    Landlord Insurance Program — an exclusive policy through a partner brokerage,available only to clients, generally priced below larger traditional carriers.


    Property Tax Dispute Program — fee structured at 35% of realized tax savings,

    compared to roughly 50% at many outside consultants.


    Repair/Major-Maintenance Financing — the same 15+-lender unsecured-loan platform noted above.


    Business Tax Preparation — a related but separately branded service (lionbackoffice.com).


    Property Acquisition Inquiry — for owners looking to buy additional rental property

    through the affiliated brokerage side (Lion Real Estate Group).

Reporting & Financials


  • Do you keep up with landlord-tenant law changes so I don’t have to?

    Yes — this is one of the explicit reasons given for using a property manager in the first place, and it’s backed by ongoing blog content covering law changes as they happen (e.g., Texas SB 38’s evictionprocess changes were published as a dedicated explainer for landlords).

  • Are tenants required to carry renters insurance?

    Yes — required as a standard risk management practice for every tenant, framed explicitly as protection for the owner’s asset