ASHOKA LION
FAQ Facebook twitter blog Sitemap

FAQ

Owner FAQ

  • Do you send me financial reports for my properties that you manage?
We do not mail out financial reporting packages to owners. We send owners their financial information through a owner's portal, where you can:

  • Track the income statement for each property
    • Track Owner Contributions
  • Track how much money is sent to owners
  • Track Rent Roll
  • See copies of invoices online
  • How do you market our vacant rental properties in Houston?
Ashoka Lion utilizes our affiliated brokerage group, The Lion Real Estate Group, LLC to handle all leasing related matters. The Lion Real Estate Group, LLC has an extensive marketing program including:

1) Signage at the Property

2) Extensive online marketing of vacant properties including:

  • MLS
  • HAR.com
  • CHRON.com
  • REALTOR.com (Enhanced Listings)
  • Rental.com
  • RentalHouses.com
  • Oodle.com
  • Hotpads.com
  • OLX.com
  • Walmart Classifieds
  • Myspace Classifieds
  • Backpage.com
  • Google Base
  • And More!

3) Showing Services to help realtor agents schedule showing

  • Agents can schedule appointments 24 hours a day and 7 days a week
  • After showings, agents are requested to provide feedback about the showing
  • Showing service increases timely scheduling of 3rd party real estate agents for vacant listings

4) Twitter Marketing
: Newest evolution of social media and internet marketing. We have weekly tweets of all listings

5) Posted on LionRealEstate.com website as well as AshokaLion.com



  • What areas of Dallas do you manage property in?
In the Dallas area, we manage properties in the following areas primarily:

  • Dallas,
  • Addison,
  • Richardson,
  • Plano,
  • Garland,
  • Mesquite,
  • Sunnyvale,
  • Rowlett,
  • Rockwall

However, if you would like to provide us more information about the property or portfolio that you are requesting property management services for, then please let us know by filling out the "Request for a Proposal".


  • How do you market vacant properties in the Dallas area?
Ashoka Lion utilizes a local brokerage to handle all leasing related matters in the Dallas area.

1) Signage at the Property

2) Extensive online marketing of vacant properties including:
  • MLS
  • Rental.com
  • RentalHouses.com
  • Oodle.com
  • Hotpads.com
  • OLX.com
  • Walmart Classifieds
  • Myspace Classifieds
  • Backpage.com
  • Google Base
  • And More!

3) Showing Services to help realtor agents schedule showing
  • Agents can schedule appointments 24 hours a day and 7 days a week
  • After showings, agents are requested to provide feedback about the showing
  • Showing service increases timely scheduling of 3rd party real estate agents for vacant listings

4) Twitter Marketing: Newest evolution of social media and internet marketing. We have weekly tweets of all listings for Dallas properties.

5) Posted on LionRealEstate.com website as well as AshokaLion.com
  • What kind of properties does Ashoka Lion manage for real estate investors?
Ashoka Lion manages single family homes, duplexes, condominiums, and multifamily complexes. We offer both off site and on-site property management proposals for Dallas and Houston area properties.
  • What areas of Houston do you manage property?
In the Houston area, we can manage properties within 25 miles of downtown Houston.  If you are not sure, please put the address in the "Request for Proposal" and we will evaluate whether or not we can provide property management services in those areas of the Metro Houston area.

Single Family Home Rental Owner Questions

  • Do you screen prospective tenants for vacant rental properties?
Yes, our firm utilizes a few different services to help us with background screenings for prospective tenants including National Tenant Network and Credit Investigators, LLC.  Our screening typically includes:

  • Review Proof of Income
  • Run a Credit, Criminal, and Rental history background check
  • Review old leases and/or talk with prior landlords to verify tenant is in good standing
  • Request copies of ID to insure that the prospects information matches the application
  • Do you charge for advertising vacant rental properties?
No, our brokerage affiliates do not charge advertising costs that are part of our standard advertising program for vacant rental properties. If an owner asks or wants, additional marketing, i.e. newspaper ads or print media, then the broker affiliate can provide that as well, but we do charge those additional marketing costs back to the owner.
  • Do you charge for evictions?
For properties that we manage, we charge $25 trip charges for each trip required for the eviction. We charge trip charges for:

  • Filing the eviction at the appropriate JP court
  • Attending the justice of peace hearing
  • Filing writ of possession
  • Executing the Writ with the Constables office at the property (Note: cost of cleaning crews and locksmith charges are charged separately)
NOTE: Appeals by tenants will require legal counsel and those charges are charged back to owners.

  • Do you hold a reserve for repairs?
Yes, our contract requires that property owners maintain a standing reserve of $400.  Our reserve policy is setup as $400 up to 4 units, and it increases by $400 for every 4 units that we manage.  This table illustrates the reserve that we hold for managing units for rental owners. 

 # of Units
Reserve 
 1-4  $400
 5-8  $800
 9-12  $1200
 13-16  $1600
 17-20  $2000
 More  Negotiable
  • Why do you ask to be named as an insurance from rental property owners?
Most owners are not aware that litigation risk exists with rentals. We try to make the owner aware that they should keep appropriate protection for their investment property with general liability coverage. As we are agents of the owners, we want to make sure the owner has the appropriate insurance, and that we are acknowledged as an insured party.

Our recommended amounts are at minimum $500,000 which is usually obtainable with a standard homeowner policy. In addition, we recommend rental owners keep $1,000,000, but this may require you to obtain a umbrella policy that covers for the additional amounts not covered by your homeowner insurance.

  • Do you send us the security deposit for new tenants?
No, we hold the security deposit on behalf of the owner and tenant.  Some owners treat security deposits as income and this is not how the Texas Property Code defines the appropriate usage of security deposits. Therefore, we do not send the security deposit back to owners and we do not use security deposit funds for repairs or other issues to avoid the risk that the deposit is not reimbursed to the tenant upon move out or within 30 days as is required by Texas Property Code .
  • Do you visit properties?
Yes, we have annual inspections of properties to insure tenants are keeping the property in good order.  After a tenant moves in, it is difficult to regulate how a tenant lives. The background screening will provide insight through the credit, criminal, and rental history background check.   Additionally, we try to call previous landlords to get a idea of how tenants treated previous properties.  The best solution to problematic tenants is to reduce the risk prior to tenant gaining access to the rental properties, but even the best screening process is no guarantee. Our annual inspections aim to keep tenants aware of all damages and issues that they will be responsible for prior to moving out.