Office hours:
Doug Bailey Real Estate, LLC
is a family-run real estate agency specializing in residential property
management in Dallas, Texas, and its suburbs.
We have been in business at the same location for 25 years
and can perform just about any service an owner needs for a single-family
house, condominium, duplex or other small rental property.
Typically we lease property on behalf of landlords,
collect rent and oversee make-ready and repair.
Our charge is 10 percent of rent.
We do not charge owners to find tenants as do most people in our business
in the Dallas market.
We also list and sell property, consult for a fee, represent landlords in JP court, and perform services for which a broker's license is required.
We participate in the North Texas Real Estate Information Network,
usually called the MLS.
Give us a call if you have questions. During business hours, you
will get a person not a machine when you call. Or you can send an email by clicking
here .
If you bought your house in the past few years and
paid a market price with 10 percent or less down, you probably cannot cash
flow. You likely will be making up the difference between the monthly payment
and the rent even before repairs and vacancies. If you are looking for a property
manager, you may be interested in some of our
policies. They grew out of our experience as investors and reflect the
way we would want to be treated. Residential real estate can be a good
investment but it is not for everyone.
Returns are long term, especially cash flow, and by long term we think five years
is just getting started.
Weekdays 9 a.m. 5:30 p.m.
Saturday 9 a.m.-12 noon
Sunday closed.
Emergencies: Click here for emergency procedures and phone
If you are a prospective tenant
you will find the market disorganized.
There is a MLS for houses, condos and duplexes for rent but it covers only a portion of
what is available. CraigsList is a tool for finding property but it has become loaded with apartment listings. Most other internet web sites generate their listings out of the MLS.
We manage about 275 residential units but the
number available for rent at any given time is usually small. Here is what we have now. If you are interested
in one of those properties, drive by and then give us a call. If you want to
get inside, we qualify first and request an application. There is no fee if you come into our office unless you have an agent that expects a commission. You can use the application on our website for $40.
If you are a homeowner
trying to decide
whether to sell or lease, the conventional rule of thumb for rent is about one
percent of the sales value. A house worth $100,000 typically rents in the
range of $1,000 a month. This 100-1 ratio declines as the value goes up. A
$500,000 house will probably rent for less than $5,000 a month. A $50,000 house
usually will rent for more than $500 a month.
If you are an
investor
looking for bargains you know they are
hard to find.
We do not conduct searches for buyers, but we can act as
your agent if you find something.
Back to top
Equal Housing Opportunity
Click for: