Personal Information:

I am H. C. “Buddy” White, a Realtor and broker active in the Grand Prairie and Arlington areas since 1970. I have both owned and managed residential and commercial rental properties over that period, and am one of the leading experts in rental housing in Grand Prairie at this time, with approximately 100 properties under management.

I am the former owner of All Pro Realtors, and was for nine years associated with CENTURY 21 Judge Fite Company. I now own White and Associates Real Estate Services, providing sales, management, and investment counseling. I pride myself on my professionalism in all areas of the real estate field. I hold designations as a Graduate of the Realtors Institute and as a Certified Residential Specialist (the latter is earned by only 5% of all Realtors nationwide). I am a two-term past president of the Grand Prairie Board of Realtors and was named the city’s Realtor of the Year for 2001. I received the CENTURY 21 International Quality Service Award for three years, and was the first recipient of our company’s Dene Fite Quality Service Award, recognizing outstanding service to both clients and community.

My community involvement over the years has included six years as an elected member of the Grand Prairie Independent School District Board of Trustees, a past vice president of the Grand Prairie Chamber of Commerce, and past president of the Grand Prairie YMCA. I was one of three organizers of the Project Graduation drug- and alcohol-free parties for graduating seniors in our community in 1976, and was actively involved with that event for more than fifteen years. As an active member of First United Methodist Church, I have served as chairman of the Administrative Board and as Lay Leader, and hold honorary life memberships in the Texas and National PTA Associations for my work with young people. In 1987 I was selected Citizen of the Year by the Grand Prairie Chamber of Commerce, and in 1997 I received their Zeus Award as Businessman of the Year for the city.

Management Services, Procedures and Fees:

My goal in property management is to handle all properties as if they were my own. I make every effort to keep properties in good repair, while working to keep expenses under control. I use local repair firms with a history of reliability and honesty; our reputation for paying them quickly and treating them fairly earns their effort to provide prompt and reasonable service.

We maintain a 24-hour rent line, on which all available properties are advertised, and inquiry calls are returned daily. Signs on available properties bring in a large number of calls, as does our reputation over the past thirty years as property managers.

I use full-page application forms and credit reports for each applicant in order to secure the best possible lease. I stress communication with tenants, and work with those who are having unusual financial problems. However, we are quite strict with chronic late payers. Our policy is that all delinquent tenants receive a three-day notice to vacate by the fifth of the month, to comply with the law and protect the owner’s interests. If rent cannot be collected, legal action is taken within the first month of delinquency so that losses are minimal. Judgments are filed on all evictions for possible future collection.

We are well versed in the Texas Property Code and familiar with IRS requirements for property owners. Owners receive a computerized monthly income and expense statement with their check (and multiple property owners can also receive a summary statement for all properties). At year’s end, a full-year statement is sent, along with copies of expense bills, a summarized statement to aid with income tax preparations, and a 1099-MISC form showing rents received for the year.

My wife, Judy, is the bookkeeper in the family, and we make a great team. I contact the people, show the property, and handle repairs; she keeps the books and keeps me up to date on any delinquencies. Most of your correspondence will be from her.

My son, Randy, works alongside me in the real estate business and handles part of the management process at times. Randy owned a construction company in Colorado for several years, so he has great expertise in property maintenance and repair. He is an excellent estimator and manages a crew that can usually provide painting and repair services at a lower cost than outside contractors; when that is true, we use their service and can generally have them in and out of the property quickly.

I have outlined below some of our procedures and fees for services. If you have additional questions, I will be more than happy to discuss them with you. We welcome the opportunity to help you with the rental of your property.

Real Estate Fees

Leasing Properties ½ First Month’s Rent

Lease Renewal – Same Tenant No Charge

Monthly Management Fee 10% of Gross Monthly Receipts

Repair Supervision No Charge except for major repairs

(fire, storm damage, renovation, etc.)

Operating Guidelines

At the time a lease begins, we retain the security deposit plus $150 in the owner’s account to provide for necessary repairs. This amount will be retained throughout the management period.

Any repairs for the month will be deducted from the gross rental amount, along with the monthly management fee and any filing fees or other set-our costs, and the balance provided to the owner.

The owner may choose to have the monthly proceeds: (a) sent directly to him; (b) retained in the account; (c) deposited into a separate local bank account maintained by the owner.

If requested, we can also make the monthly mortgage payment as a regular expense under the account. There is no additional fee for this service.

In general, the owner will be consulted on any repairs exceeding $200. Lesser repairs will be at the discretion of the agent.

The agent will retain any late fees, returned check fees, or collection fees.

Home Service Contracts are available from several different companies at a cost of approximately $350 annually. These contracts limit most plumbing, heat and air, and appliance repairs to a $45 deductible per call.