Case Study: Property Management Expertise

When you are considering appointing a company to manage your property, whether an apartment complex, an office complex or a retail center, whether already constructed or still to be constructed, Protea Real Estate has the expertise and experience to handle whatever aspects you require. Read More→

Real Estate 1031 Exchanges and Defeasing

real estate 1031 exchanges and defeasing

All facets of real estate, whether developments from scratch, renovations, upgrading, shopping center leasing and issues, financing of real estate as well as 1031 exchanges and defeasing.

Real estate owners needing third party management usually have a large number of companies to choose from, but few of even the excellent ones will have the specialized knowledge and experience required for certain transactions.

The President of Protea Real Estate was a practicing attorney in another country for fifteen years. His legal training has stood Protea in good stead through the years. Read More→

Homeowner Associations (HOA’S)

Under the Texas Property Code there are two kinds of property owner associations, namely Condominium Associations and Homeowner Associations. We use the word “association” here for both.

Protea Real Estate has managed both kinds of associations for many years. Protea also manages apartment complexes. There are substantial differences between property management of those and property management of associations.

home owner association - HOAWith rental property management the apartment management company deals with an owner and the owner’s residents. The apartment management company is authorized by the owner to act in all respects on its behalf, directly with its residents, and has the right to terminate a resident’s lease if the resident is in default.

As an example, imagine if resident Smith in an apartment complex plays really loud music into the early hours of the morning and refuses to stop doing this when demanded to do so by property management. Property management can then terminate Smith’s lease and have him evicted. Read More→

The Dallas Real Estate Market

Dallas is growingDallas Area Real Estate is Booming

It is Fall 2014, the weather is lovely, the Dallas area is experiencing boom times, and it is likely that these boom times will continue for some years to come. New apartment complexes are springing up all over the area. Older complexes are being renovated and new office buildings are coming out of the ground in several areas. In downtown Dallas new hotels, condominium high-rises and parking buildings are planned, and new retailers are about to open. Read More→

Case Study: Real Estate Buyers Beware

buyers bewareTwo apartment complexes in Dallas, Texas had been sold to California buyers, two individuals who had never owned apartment properties before and had no real estate experience.

In making these purchases, the buyers had relied on representations and promises made to them by others in whom they had put their trust. Read More→