By Tom Branch, on December 29th, 2013  Plano Texas is a fabulous place to live and work. With companies and people relocating to Plano, there are more and more inquiries about rental and lease homes. Some people prefer to lease upon their arrival to give them time to decide where they want to later purchase a home.
Many of our relocation clients are executives looking to lease a luxury or executive home while they get settled into new jobs and the area. The good news is Plano has plenty of housing with local lease prices ranging from $1500 to over $10,000 per month.
Luxury homes are usually bigger, custom or semi custom built, located on larger lots, and many have pools. These homes offer top of the line amenities including hardwood floors, upscale kitchens, soaring floor plans, studies, media rooms, and game rooms. Lease prices start around $3000 per month and can be over $10,000 per month depending on the size, quality, and location of the property.
Click here to see all luxury homes for lease in Plano Texas.
Contact us at 214-227-6626 if you have questions or require additional information.
Photo: Licensed from Unique Exposure Photography
By Tom Branch, on December 30th, 2011 
Located in the shadow of the Baylor Medical Center at Lake Forest and US 380, this never-lived-in DR Horton home is ready for tenants. There are 4 bedrooms, 2.1 baths, and 2168 square feet of living space per the builder’s plan. Click on any photo for a larger view.
The open kitchen has plenty of storage space, dark cabinets, black appliances and decorative lighting.
The large living has soaring ceilings and a wall of windows overlooking the fenced backyard and patio. The home is wired for a flat-panel television above the wood-burning fire place. The staircase has oak handrails and cast iron balusters.
The master suite sits at the rear of the house. The master bath has a jetted tub, separate shower, dual vanities, and a walk-in closet.
Imagine yourself sitting on the balcony in the morning enjoying a hot cup of coffee enjoying the view of the greenbelt.
The home is within walking distance to the new McKinney Baylor Medical Center.
Video Tour of 2232 Canyon Point, McKinney, TX
Current status, pricing, details, photos and a virtual tour
Please contact us at 214-227-6626 for more information or to schedule a private showing of this home.
Photos and Video: Copyright 2011 Imaged2Sell
By Tom Branch, on December 8th, 2011 
Welcome to Allen! Our residents enjoy a wholesome community atmosphere with something for everyone. The City boasts an award-winning park system featuring neighborhood and community parks, hike and bike trails, and greenbelts. City facilities include a 27-hole public golf course, a large fitness and aquatic center, a recreation center, youth center and extreme sports park, a senior recreation center and a 54,000 square feet public library.
Allen ISD offers a diversified curriculum with 13 elementary schools, three middle schools, a freshman center and a high school. The high school campus (582,000 square feet) features an on-site Collin County Community College campus.
Leases and rental homes are readily available with prices ranging from $850 to $4000+ a month.
Click here to see all Homes for Lease in Allen Texas.
For more information or to schedule a showing, contact us at 214-227-6626.
Photo: Copyright Imaged2Sell
By Tom Branch, on December 6th, 2011 
I’m a huge fan of McKinney, Texas. Nestled in the rolling hills just north of Dallas, this vibrant community has so much to offer–great schools, plentiful shopping, dining, golf, entertainment, and easy access to the Metroplex.
According to the McKinney TX Website:
Just 30 miles north of downtown Dallas, McKinney is a picturesque city with a small-town feel that is quite different from the Metroplex’s urban sprawl. Our friendly charm, green spaces and comfortable pace belied the fact that McKinney, with a population of more than 133,500, is one of the fastest-growing cities in America.
The city also has a fair number of single family homes for lease. Rental prices range from about $1000 to over $5000 a month depending upon the size and location.
Click here to search for McKinney Texas homes for lease.
If you need more information or want to schedule a showing, contact us at 214-705-2470.
Photo: Copyright 2009 – Tom Branch
By Tom Branch, on December 3rd, 2011 Frisco Texas is an up and coming jewel in North Texas. Frisco was named “Best Places to Live” in 2008 by Money Magazine and “Best Places to Relocate” in 2009 by Forbes Magazine. Located north of Dallas, Frisco has something for everyone–a great school district, major shopping, fine dining, loads of entertainment opportunities, and ease of access to major roads including The Sam Rayburn and Dallas North Tollways.
Frisco has plenty of available housing. There are apartments, condos, townhomes, and single family homes available. Single family homes lease from about $1000 a month.
Please contact us at 214-227-6626 if you have questions, need information, or want to schedule a showing.
Map: ©OpenStreetMap contributors, CC-BY-SA
By Tom Branch, on July 10th, 2011 
Even with housing prices rising in the Dallas Fort Worth Metroplex, many homeowners are still unable to sell their houses. Many of those impacted have refinanced or did 100 percent financing, others are simply in pockets of homes that have seen a correction over the past few years.
Either way, they are unable to sell at a price high enough to cover the mortgage and the closing costs. That leaves the homeowner with a couple of choices. Take to house off the market and wait a couple of years for some more appreciation or consider leasing the house.
Leasing and property management is not right for all homeowners.
If you are considering leasing your home, the first step is to do the research. You really have to know the numbers to make sure that leasing makes good financial sense. You need to know the following:
How much rent you can reasonably charge? A local real estate professional should be able to give you details on comparable leases in the area. I usually advise clients to work on an 85 percent occupancy rate meaning the property is only leased and generating rent 85 percent of the year. On a monthly basis, simply use 85 percent of the projected rent as your base rental income.
How much are your monthly costs (including the mortgage, maintenance, taxes, insurance, HOA dues)? It is critical that you accurately project these costs. Not only are there expected monthly costs, but you have to factor in maintenance and repairs as well. I usually recommend a Residential Service Contract for houses I manage.
How much will it cost to lease? You can advertise and lease it on your own or you can hire a real estate professional to market the property for you. Real estate professionals usually include tenant screening and lease preparation in addition to marketing the property. If you decide to go it alone, you need to figure in the costs of advertising, tenant screening, and document preparation. Proper and legal leases become critial if you have to evict or take other legal action against a tenant.
How much is ongoing property management if you decide not to manage it yourself? Like everything else, the cost to have professional property management varies. Cost is not the primary factor in my opinion. What you’re looking for is a company that will find good tenants and take care of your property.
Once you know the potential income and expenses, you can do the math. Most of our owners are generating positive cash flow from renting their houses while they wait for housing prices to climb some more. Others are losing money each month, but they have decided that losing a few hundred dollars each month is better than selling at a loss or facing foreclosure.
As mortgage approval criteria tightened, the demand for lease and rental homes have risen along with it. Not only is demand up, but rental and occupancy rates are climbing as well. If you’re having problems selling your house, you might want to look into leasing it.
By Tom Branch, on June 17th, 2011
While the temperatures have been at or above the 100-degree mark, I’m not talking about the heat wave in North Texas. I’m talking about the lease-home market.
If you’re searching for a lease home in the area and find something you like, you need to be ready to submit lease applications because the good, clean, and well-priced leases are going faster than new listings are coming on the market. You need to have completed applications and funds ready for the application fee.
Search for Lease and Rental Homes in North Texas
If you’re an investor looking for solid income-producing properties, the North Texas market is a great place to be. Capitalization rates are on the rise, the local economy is stable, and with more people moving into the area, the demand for rentals is climbing rapidly.
Search the North Texas MLS
Have questions or need more information? Contact us!
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