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Humble Texas Rental Property – Three Steps for Turning around a Problem Property

June 05

Humble Texas Rental Property

By Vestpro Residential Services

You’ve owned Humble Texas Rental Property for a while and are building a nice portfolio of rental properties but there’s a problem, one of your properties is getting harder to rent than others and has a high vacancy rate.

Although it might seem like you have a “problem property” on your hands, the reality is that you can turn around any Humble Texas Rental Property by following these simple tips.

Tip 1 – Check the Property for Needed Repairs

Does the property need repairs inside or outside?

Start with improving the curb appeal of your Humble Texas Rental Property then move to the inside of the home and focus on improving areas of your rental property like: flooring, cabinetry and lighting.

It may be that your rental property needs a good renovation and can be improved in one weekend by painting, refinishing the cabinetry and replacing old tile or vinyl flooring to update its look.

Tip 2 – Review Your Reputation Online

Another effective solution for dealing with a problem property is to check your reputation online to see exactly what tenants may be saying about you or your rental property.

Tip 3 – Deal with Your Bug Problem NOW

Have your tenants complained about a bug problem at your Humble Texas Rental Property? If so, you should deal with this bug problem today because, bugs can pose a health risk to tenants and a bug problem could also cause a tenant to move because they classify your rental as not being habitable.

Tip 4 – Improve Your Tenant Screening

Last of all, but most important, you should improve your tenant screening process including reviewing a tenants: credit history, work history, background and personal references.

A recent study by TransUnion shows us that residential evictions have reached a 5 year low point and this is thanks in large part to tenants having better control over their finances compared to years ago so there’s no reason to not have financially stable tenants for your rental property.

Get Humble Texas Rental Property Management

For more information on how to turn around your problem property, or to speak with us about or property management services for your Humble Texas Rental Property, contact Vestpro Residential Services today by calling us at (832) 498-0016.

 

Posted by on June 5, 2015 in Property Management Tips

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