Humble Texas Rental Property – 3 Reasons Why You Want To Have Landlord Insurance

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By Vestpro Residential Services

If you’re just getting started with owning your first Humble Texas Rental Property one of the most important things you should do to protect your best interests is have landlord insurance.

Also known as rental property insurance, landlord insurance will be your first line of defense should a disaster like a flood or tornado occur which severely damages your property.

Own Rental Property With Confidence

Besides protecting your rental property from the effects of disaster, you will also be able to own a Humble Texas Rental Property with confidence in knowing that should your HVAC, heating, air conditioning or ventilation system need to be replaced you may not have to cover that cost.

How Much Property Insurance Coverage Do You Need?

When calculating how much property insurance coverage you will need, your carrier will use the Marshall & Swift / Boeckh calculation to determine the right coverage for you since this calculation also takes into account the square footage, elevator, boiler and any unique features your rental property may have.

What Exactly Does Landlord Insurance Cover?

Landlord insurance covers the “brick and mortar” (building) and the internal systems like the HVAC, but what’s also not commonly known is that landlord insurance will also cover trees and some furnishings inside the property as well.

Get Professional Property Management Services

As with landlord insurance, it’s also important for you to have professional property management for your Humble Texas Rental Property since a property manager will save you the time, money and hassle of managing your property yourself.

To learn more about the experienced property management team we can offer you contact Vestpro Residential Services today by calling us at (832) 498-0016 or click here to connect with us online.

Learn More about How the Snowball Effect Can Help You Buy More Houston Texas Rental Property

Houston Texas Rental Property

By Vestrpro Residential Services, LLC

If you’re thinking about getting started with buying Houston Texas Rental Property one of the best things you can do is use the “snowball affect” to help you buy more real estate and build a successful portfolio of income producing rental property in the years to come.

Snowball Effect Explained

The “snowball” affect was coined by Berkshire Hathaway CEO Warren Buffett in his 2008 book called The Snowball which is about his life and investments which enabled him to build a network of well over $72 billion dollars.

Snowball basically refers to the principal of buying and holding onto your investment over time and then using your return on investment to invest more money to build your portfolio.

Snowball Effect in Real Estate Investing

Let’s say that you’re able to buy two Houston Texas Rental Properties and after expenses both properties will net you about $500 each per month, or an additional $12,000 of cash flow per year.

Now instead of spending that cash flow from your investments like most people will do you should consider saving the cash flow from your rental properties and within two years you will have enough money saved to put down on another Houston Texas Rental Property.

How the Snowball Effect Benefits You

One of the great things about the snowball effect is that if you follow this approach you would be able to buy a new rental property once a year, instead every two years, grow your portfolio, and have significant amount of cash flow coming in by the time you approach retirement.

Buy Houston Texas Rental Property

For more tips on buying Houston Texas Rental Property, or to speak with us about our property management services, contact Vestpro Residential Services, LLC today by clicking here or calling us at (832) 498-0016.

Houston Texas Rental Property – 5 Tips For Getting Your Pool Ready For Use

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By Vestpro Residential Services

HOUSTON – Does your Houston Texas Rental Property have a pool and you know that your tenants are ready to start using it?

In today’s post we will share with you 4 tips you can use to get your swimming pool ready for use.

Make Sure Your Pool Is In Great Condition

Before filling your pool you should also confirm that it’s clean and safe for use by both adults and children.

When inspecting your pool you should also review your pool equipment as well to make sure that the operating system for your swimming pool will provide proper flow and suction of water.

Verify Water Chemistry

Once you’ve inspected your swimming pool, and you’ve filled it with water, you should next check the chemistry of your pool water to insure that your pool has the proper P.H, chlorine, calcium and other levels which all swimming pools must have to offer a safe experience for their owners or guests.

Insure That Your Pool Is Safe Before Use

Besides making sure that your Houston Texas Rental Property has a swimming pool which is ready and safe for use, you should also make sure that the pool is also safe especially if there are small children living at the property.

To insure the safety of your pool you should have a fence built around it with a gate because, this will insure that little ones will not be able to find their way into the pool when adults are not looking.

Confirm Proper Signage Around Pool

Last of all, but most important, make sure that your swimming pool is safe for everyone by confirming that it has proper signage on the gate or fence which includes the following information: lifeguard status, rules for the pool, phone location and information on if diving will be allowed at the pool or not.

Rent Your Houston Texas Rental Property

To rent your Houston Texas Rental Property contact Vestpro Residential Services by clicking here or calling us at (832) 498-0016.

Humble Texas Rental Property Management Tips

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By Vestpro Residential Services

In 2015 owning rental property is one of the best ways to build wealth and generate monthly cash flow.

If you’ve been thinking about buying a Humble Texas Rental Property here are 4 things you should do with every renter.

#1 – Be Consistent

One of the most important things you want to do with every person who rents one of your properties is to be consistent and follow the same procedures with each time with prospective renters.

For example: You should always run credit checks and background checks with each renter.

Although you might be tempted to “go with your gut” with some renters, it’s important to follow the same procedures every time you deal with a renter so you can avoid any claims of racism, sexism or favoritism from renters who you might not decide to rent to.

#2 – Check References

During the process of accepting applications from potential renters it’s also important to always check references including personal and job references because, it’s easy for a renter to make those references up just to be approved for a rental property.

#3 – Keep Good Documentation

Always keep copies of rental applications, take before and after pictures of a home, and do your best to thoroughly document conversations with tenants if problems arise because, keeping good documentation will also protect your best interests should problems arise with a tenant.

#4 – Take Good Care Of Your Rentals

Last of all, but most important, your tenants will be spending their hard earned money on your Humble Texas Rental Property because they want to live there so you as the property owner should do your best to take care of your renters and provide them with the best rental experience possible

Get Property Management Help for Your Humble Texas Rental Property

For more tips on how to get started with owning Humble Texas Rental Property, or to speak with us about our property management services, contact Vestpro Residential Services by clicking here or calling us at (832) 498-0016.

Should You Sell Your Houston Texas Home Or Rent It?

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By Vestpro Residential Services

As a long time Houston Texas Home Owner you’ve been watching the news lately and are wondering if now is the right time for you to sell your home since you plan on retiring and downsizing in the next few years.

Before you decide to list your home here are 3 reasons why you should consider holding onto your home and renting it out.

Reason 1 – Cash Flow

A rental property will bring in positive cash flow which you can depend on in your retirement and use to supplement your income from investments or social security.

Reason 2 – A True Asset

When you own Real Estate you will still continue to own a true asset and this also means you can refinance your home then use that additional income to invest in your retirement as well.

Reason 3 – Owning Rental Property Is Easy

Thanks to property management services like Vestpro Residential Services you will be able to rent out your Houston Texas home without the traditional hassle or headaches which come with owning rental property.

We take care of everything for you so you can enjoy life and rental income as well.

Rent Your Houston Texas Home

To rent your Houston Texas Home contact Vestpro Residential Services today by clicking here to by calling us at (832) 498-0016.

FOR RENT IN HOUSTON TEXAS – HOW TO WRITE REAL ESTATE ADS PEOPLE WILL WANT TO READ

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By Vestpro Residential Services

HOUSTON – You just purchased a new property and have already started placing ads online to market it for rent in Houston Texas but there’s a problem, nobody has responded to your ads yet or requested applications, and you’re starting to get concerned.

Did you purchase the wrong property? No. One of the biggest reasons why people have not taken an interest in your home, condo, single family home or property for rent in Houston Texas is because you may have written the rental ad incorrectly.

In today’s post we will share with you 3 tips which you should use to write effective rental property listings every time.

Tip 1 – Don’t Use ALL CAPS in Your Ads

When writing a property listing it’s important to remember that the same language which you use in real life should also apply to your ad and this includes eliminating the use of ALL CAPS in a sentence since using CAPS is equal to shouting at someone during a conversation.

Tip 2 – List the Real Benefits Your Property Offers

Besides writing good quality copy for your rental listing it’s also best to remember to list the real benefits which your property offers instead of using “real estate speak”.

What’s an example of real estate speak? 3BR/2 bath.

Instead of abbreviating everything, you should focus on telling a story and writing about the things which are nearby that will interest the renters you are interested in targeting.

Tip 3 – Take Your Time Writing the Ad

Last of all, but most important, always take your time writing your rental listing, proof read it, then ask yourself if you would be interested in living in your property.

A good “rule of thumb” is that if you can’t get yourself interested in living in your home for rent in Houston Texas then you’re not going to interest potentially hundreds of other renters too.

For Rent In Houston Texas 

For more tips on how to market your home, apartment, condo or town home for rent in Houston Texas contact Vestpro Residential Services today by calling us at (832) 498-0016 or click here to connect with us online.

3 Reasons to Invest In Houston Texas Multi-Family Rental Property

Multi-Family Duplex

By Vestpro Residential Services

It’s April 2015 and now that we’ve made it through winter most people are recommending that you buy a rental property to add to your portfolio but what about Huston Texas Multi-Family Rental Property?

If you’ve never considered owning a multi-family rental property before here are 3 reasons why you should consider investing in one for 2015.

#1 – Multi-Family Rentals Are Always In Demand

After the recent economic crash the residential Real Estate market took a big hit across Houston Texas but the multi-family rental market remained stable.

One of the primary reasons why multi-family rentals continued to remain stable after the economic downturn is because many of those same people who once owned homes across Portland turned to apartments, townhomes and condos for rent.

Multi-family rentals are predicted to continue to stay in demand during 2015 and beyond as more renters especially Millennials and Baby Boomers are choosing to rent vs. buy property in Houston and across the united States.

#2 – Low Vacancy Rates

Another great aspect of owning Houston Texas Multi-Family Rental Property is that these properties tend to have low vacancy rates since some tenants will prefer to live in them for one year or longer.

This is good news for any property owner who wants to enjoy stable cash flow from their rental property.


 

#3 – A Profitable Investment

Last of all, but most important, when you own a multi-family rental property in Houston Texas you will also benefit from the fact that your rental will be a profitable long term investment for you since you will be collecting rent from more than just one unit and this means you will be able to pay off your rental quicker as well.

Houston Texas Multi-Family Rental Property

For more information about why a Houston Texas Multi-Family Rental Property is the right investment for you, or to speak with us about our property management services, contact Vestrpro Residential Services today by calling us at (832) 498-0016.

Should Your Humble Texas Rental Property Offer Your Tenants A Backyard Experience?

Humble Texas Rental Property

By VestPro Residential Services

As someone who may own Humble Texas Rental Property you will be surprised to know that renters in 2015 are searching for homes with more than backyards, they want to rent homes which offer them the perfect backyard experience.

In today’s post we will break down what are the best backyard amenities for 2015 so you know exactly what amenities you should add to the backyard of your Humble Texas Rental Property.

Hot Backyard Amenities For 2015

Thanks to recent information from the American Society of Landscape Architects we know that renters in Humble Texas and across the United States are searching for the following:

  • Fire Pits
  • Outdoor Kitchens
  • Grills
  • Outdoor Seating Areas
  • Fireplaces
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Get a property management quote! Click here.

 

More Than Green Space

One of the great things is that you can turn your backyard into more than just a green space.

You can turn it into a functional area for people to eat, cook, enjoy entertainment and life without having to get tens of thousands of dollars in debt since many the American Society of Landscape Architects study also confirmed that some home people regard an outdoor kitchen space as an entertainment area as well.

Many Budget Friendly Home Improvements Available

Let’s say that you want to renovate the backyard of your Humble Texas Rental Property but don’t have an extensive renovation budget to get started.

Here are five more renovation tips which will help you to get the most from your back yard

#1 – Create seating areas to establish multiple zones for entertainment, eating, sleeping and fun. During the process of creating seating areas don’t be afraid to use structures like gazebos to create the perfect back yard.

#2 – Use containers to integrate the garden into your backyard space.

#3 – Use a patio umbrella to create a shady area which can be used during the summer months.

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Get More Humble Texas Rental Property Tips

For more tips on how you can increase the value of your Humble Texas Rental Property, or to speak with us about our property management services, contact Vestpro Residential Services by clicking here to connect with us online or calling (832) 498-0016.

Is Your Kingwood Texas Rental Property Scaring Away Renters?

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By Vestpro Residential Services

Thanks to the booming Real Estate market, you recently purchased another Kingwood Texas Rental Property.

After investing some money into rehabbing it, the home has been on the market for a while now but there’s a problem, renters are not taking an interest in the home, and you don’t know what to do.

In this situation it’s best to take a step back and ask yourself if your Kingwood Texas Rental is possibly “scaring” away potential renters, rather than being a property which is inviting and friendly.

To help you get your property back on track we’ve compiled a list of the most common areas which can be described as scary or “creepy” so you know which renovations you should make to your Kingwood Texas Rental Property.

Your Curb Appeal Is Scary

Take a look at the curb appeal for your Kingwood Texas Rental and think like a potential renter.

Are there overgrown trees or bushes?

Does the grass look like it hasn’t been mowed since last year?

If you answered yes to either of these questions it’s time to do a property clean up and do your part to improve the curb appeal of your rental property.

The Inside of Your Kingwood Texas Rental Property Is Scary

When was the last time that you spent 10 minutes inside your Kingwood Texas rental?

Does it have plenty of light inside? If not, lack of light can be sending potential renters away since light always helps to make the inside of a rental look brighter and cheery.

Consider improving the lighting in each room and also painting the rooms of your Kingwood rental bright colors like yellow or green since bright colors will bring light to any room regardless if the room gets a lot of natural light or not.

Get Property Management Help Here

If you’re frustrated with the day-to-day aspects of managing your Kingwood Texas Rental Property and would like assistance with property management contact Vestpro Residential Services today by clicking here or calling us at (832) 498-0016.

Houston Texas Rental Property – Questions To Ask Before Building a Laundry Room

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By Grid Property Management

If you ask most tenants who live in Houston Texas Rental Property, they will tell you that they prefer to live in units which have a washer and dryer, or laundry room on site.

There’s no doubt that having a laundry room on site will help with keeping your units occupied longer and increase its value, but before you invest money into building a laundry room on site make sure you ask these questions.

Question #1 – Will My Tenants Actually Use This Laundry Facility?

The very first thing you should do before building a laundry room on site at your four-plex, or multi-family unit, is to speak with each of your tenants personally and find out if they would be open to using a laundry room if there was one on site.

You should also ask your tenants where they do their laundry now, and how much they are paying per load, so you have a better idea of what local laundromats are charging in the area.

Question #2 – How Many Washers and Dryers Will I Need?

To avoid overspending on washers, dryers, and other hardware, you should consider starting small and maybe buying two washers and dryers first.

Also another thing you can do to make adding more washers and dryers in the future easy is to add additional outlets and plumbing to your laundry room when it’s under construction.

Question #3 – What Will Your Laundry Room Hours Be?

As with any laundromat in Houston Texas Rental Property it’s important to have set hours for the laundry room in your Houston Texas Rental Property that way people know when they can use it. This will help to keep noise at a minimum in the evening and insure that all tenants respect the laundry facility.

Houston Texas Rental Property Management

For more tips on improvements you can make to your Houston Texas Rental Property, or to speak with us about our property management services, contact Vestpro Residential Services by clicking here, or calling us at (832) 498-0016.