Doug Bailey Real Estate, LLC

Specializing in residential property management

10729 Audelia #212, Dallas, Texas, 75238
Click for a map
Phone: 214-340-8360. Fax: 214-340-5607

Office hours:
Weekdays 9 a.m. 5:30 p.m.
Saturday 9 a.m.-12 noon
Sunday closed.
Emergencies: Click here for emergency procedures and phone

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.

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 175 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 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 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 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.

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.

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       Equal Housing Opportunity