ELLIS HomeSource, AMO
ELLIS HomeSource, AMO

ELLIS HomeSource, AMO

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Introduction: Property management is not a sideline for ELLIS HomeSource. It is our core business...it is our passion. Most real estate companies offer "property management" as an additional service but for us PROPERTY MANAGEMENT is our service!
Overview

Hired 2 times

Serves Irving, TX

Background checked

17 employees

36 years in business

Featured Projects

2 photos

Specialties
Management needs

Reviews
Exceptional 5.0

7 reviews

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Read reviews that mention:


Jon K.

Ellis HomeSource did a terrific job of managing and maintaining our multifamily properties. Ellis kept our properties leased, maintained, assisted our company in capital projects, as well as the sale of two of our older quadplexes.
Feb 28, 2015
Div K.

Property Management

Rick was polite and detailed in explaining how the process will work. Michelle - their sales person - was very good and prompt in her follow ups. She got the leasing done quickly, and was clear in her understanding of market needs. Had a little slow relationship start with Heather - their office manager, but no regrets, it was okay later. Based on my earlier discussions with Rick, my expectation was that heather's office would help fetch fair price on house repairs. There were 3-4 line items which were higher priced as compared to market. But in the overall scheme of things I can ignore that. Leasing work is still in progress, so this is early days, but till now , good experience overall. Good team, good leader.
Apr 21, 2015
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Mark B.

I have seen Rick's company in action and they are excellent at paying attention to the details involved in managing and leasing real estate. They communicate clearly as to the property's status and keep owners informed and propose strategies to cope with changing market conditions. I would recommend them to anyone looking for a management company for their real estate properties.
Feb 4, 2013
Scott P.

Rick and his staff at Ellis Home Source did a tremendous job managing two multi-unit properties for me. They improved occupancy, cash flow, and then were very helpful in providing assistance when I sold the properties. I would highly recommend them to anyone in need of property management. Rick and his staff are reliable, trustworthy, and most importantly, good at what they do.
Feb 25, 2015
Suzanne N.

Rick's team managed my home for 15 years! Aside from the occasional call regarding "need to replace the water heater" or "Your residents have given notice, but we're already marketing for a replacement," I never paid that house a lick of attention. The rent money showed up in my bank account each month; I kept a fund for emergency repairs and any charges were carefully documented. It's a real relief to know that someone is looking out for you - just about 24/7! And the long, consistent history of the Ellis Home Source team speaks volumes. They have earned their solid reputation!
Feb 3, 2013
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Rick Ellis

FAQs

  • What should the customer know about your pricing (e.g., discounts, fees)?

    All fees are based on performance. We collect a percentage of the rent for leasing and managing your residential real estate. If we don't collect rent, we don't get paid. So we are as motivated as you to have a stable resident who pays rent on time. • Management Fee: Typically 10% of the rent we collect. This cost includes collections, coordination of all maintenance, resident relations, and reporting to our owners. • Leasing Commission: One month's rent os charged for leasing. This allows us to actively market your home on MLS as well as up to 17 other internet sites and listing services. This leasing commission is often divided by several different real estate leasing specialist who all contribute to finding a sable long-term resident.

  • What is your typical process for working with a new customer?

    Most important is understanding the owner's goals and objectives. We start by learning what your intentions are for your asset. Are you looking to hold there property long-term and work toward debt reduction and future appreciation? Or is this a value-added asset that you hope to sell within 12-24 months for a quick gain? Regardless, ELLIS HomeSource listens to your needs and creates a management plan to meet that goal.

  • What education and/or training do you have that relates to your work?

    All ELLIS HomeSource property managers and leasing professionals hold a Texas Real Estate Salesperson license. Rick Ellis, the company Broker/Owner is a CAM, Certified Apartment Manager, and a CPM, Certified Property Manager through the IREM - the Institute of Real Estate Management. Our company holds the prestigious AMO - Accredited Management Organization - designation from IREM.

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