Business Details
46 Years
experience
Emergency
services
Your Trusted Property Management Partner in Houston
Since 1980, Pegasus Property Management & Leasing has specialized in full-service property management dedicated to preserving and enhancing client investments. Our team of professionals delivers tailored management plans, one-on-one communication, and expert care to ensure maximum property potential. With over 45 years of combined experience, we offer comprehensive tenant screening, lease negotiation, and maintenance services supported by strong relationships with real estate professionals and contractors.Our approach prioritizes transparency, legal compliance, and proactive communication to protect client assets while minimizing their operational burden. We serve single property owners, corporations, and investors across the Houston metropolitan area, including Clear Lake, League City, and Friendswood, with 24/7 emergency response capabilities.
Services
Tenant Screening
Market Surveys
Rent Collection
Bookkeeping
Property Surveys
Maintenance Repairs
Emergency Service
Lease Negotiation
HOA Management
Commercial Property Management
Details
- Year established: 1980
Highlights and features
- We offer over 45 years of combined experience in property management.
- Our tailored management plans meet specific client needs.
- Comprehensive tenant screening ensures quality occupants.
- 24/7 emergency service for urgent property issues.
- Strong local relationships with real estate professionals and contractors.
Associations and certifications
- National Association of Realtors
- National Association of Residential Property Managers
- Clear Lake Area Chamber of Commerce
- Houston Association of Realtors
- Houston Apartment Association
Services
Tenant Screening
Our comprehensive screening process includes credit checks, employment verification, rental history reviews, and criminal background checks. We conduct personal interviews to ensure tenant reliability and negotiate leases aligned with client interests. This meticulous approach minimizes risk while securing quality tenants for residential and commercial properties.
Property Maintenance
We coordinate timely, professional maintenance and emergency repairs through insured, qualified contractors. Our services cover routine upkeep, make-readies, and urgent fixes to preserve property condition. Regular visual surveys ensure compliance with lease terms and maintain asset value across all managed properties.
Rent Collection
We handle all rent collection and disbursement processes, providing monthly computerized statements for transparency. Our system ensures timely payments while managing expenses like utilities and HOA fees. This full-scale bookkeeping service gives owners clear financial oversight without administrative burdens.
Lease Negotiation
Our team negotiates lease agreements with legal protections, including pet policies, renewal terms, and late payment notices. We ensure compliance with state regulations while safeguarding client interests. Regular updates and documentation maintain enforceable agreements throughout the tenancy period.
Emergency Response
We provide 24-hour emergency service monitoring for urgent property issues like plumbing failures or security breaches. Our rapid response system ensures immediate contractor dispatch to mitigate damage. This around-the-clock availability protects both property condition and tenant safety without requiring owner involvement.
People
Larry Millican
Founder
Larry founded Pegasus in 1979 and has led its growth into Houston's largest property management firm. With 21 years in retail grocery management and 40+ years in property management, he specializes in HOA and commercial property solutions. He teaches local property management courses and holds leadership roles in multiple real estate associations.
Teresa Morant
Residential Property Manager
Teresa oversees 100+ residential units across Houston's suburbs, leveraging 30+ years of property management experience. A licensed Realtor and Notary Public since 2013, she focuses on condominium and single-family home portfolios. Her expertise includes tenant relations, lease compliance, and local market analysis within Texas real estate regulations.
Questions
What areas do you serve?
We manage properties in Clear Lake, League City, Dickinson, Friendswood, Humble, Conroe, Tomball, and other Houston metropolitan areas.
How do you screen tenants?
Our process includes credit checks, employment verification, rental history reviews, criminal background checks, and personal interviews to ensure qualified tenants.
Do you offer 24/7 emergency service?
Yes, our phones are monitored 24 hours a day, seven days a week for urgent property issues requiring immediate attention.
What property types do you manage?
We handle residential (single-family homes, condos), HOAs, and light commercial properties across the Houston area.
How do you determine rental rates?
We conduct regular market surveys to set competitive rates that maximize returns while ensuring quick tenant placement for your property.
