Tips for Turning Around a Problem Humble Texas Rental Property

By Vestpro Residential Services

Do you own a Humble Texas Rental Property that’s consistently been a problem for you? The problems can be anything from repairs, tenant complaints or problems with tenants who consistently pay their rent late.

Regardless of the reason, these are problems that make owning rental property a headache for anyone but the good news is that you can turn around that problem rental 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 an 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 tenant: 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 Property Management for Your Humble Texas Rental Property

For professional property management for your Humble Texas Rental Property contact Vestpro Residential Services by calling us at (832) 498-0016 or click here to connect with us online.

Tips for making your rental energy efficient

One of the keys to success with owning rental properties in 2017 is offering a rental property that’s also energy efficient because, these types of rentals will be more attractive to millennials and other renters who want rental properties that won’t come with expensive energy costs each month.

In this article we’re going to provide you with easy tips you can use to create an energy efficient rental property.

How to Make Your Home More Energy-Efficient: Tip #1

Reduce Drafts

One of the easiest ways to make your property more energy-efficient is to reduce the amount of air that comes in or out of the home unintentionally. Drafts force tenants to turn up the heat; and at the end of the month, they’re the ones who pay for it.

Reduce drafts and energy bills with the following fixes:

  • Exterior doors: There are a number of ways to stop drafts from sneaking under the bottom of the door. We recommend sealing doorways with inexpensive solutions like draft stoppers, foam tape, or door sweeps.
  • Windows: Old windows are especially prone to letting drafts in. If you’re not ready to replace them just yet, check out this weather stripping tutorial for an affordable solution.
  • Fireplace door: If your unit has fireplaces, whether or not they’re actively used, fireplace doors block drafts from entering your home. Sam Wilhoit of Brick-Anew explains, “[Fireplace doors] were originally designed so that a person could let the fire die down and then close the doors before they went to bed. That way the room would not be freezing cold the next morning from the cold air that came into the room.”Choose clear or tinted glass to accent your space.

For both doors and windows, your best bet could be to replace them, as we suggested in last week’s post on energy-efficient updates. This reduces drafts while also boosting the property’s security and aesthetics. You can also mention that your unit has brand new doors and windows in your rental listings.

How to Make Your Home More Energy-Efficient: Tip #2

Install Energy-Efficient Bulbs

Lighting is an important area to focus your attention because “an average household dedicates about 5 percent of its energy budget to lighting,” according to Energy.gov. As a result, they explain, “Switching to energy-efficient lighting is one of the fastest ways to cut your energy bills.”

Start by replacing bulbs in the 5 most frequently used light fixtures in your home. In doing so, Energy.gov says, you could save $75 each year. Consider which rooms are used most–likely the bathroom, kitchen, and living room are at the top of the list–so you can make the most of this investment. In addition to indoor lamps, consider replacing bulbs in outdoor lighting that might be left on for a long time.

Compact fluorescent lamps (CFLs) and light-emitting diodes (LEDs) are two of the most popular options, with LEDs using just 20-25% of the energy used by traditional incandescent lightbulbs. “For high-quality products with the greatest energy savings, choose bulbs that have earned the ENERGY STAR,” suggests Energy.gov. New bulbs will last longer and improve energy efficiency–a win-win.

How to Make Your Home More Energy-Efficient: Tip #3

Choose One Big Upgrade

Upgrading to energy-efficient appliances is expensive. It’s a hard investment to justify as a landlord who’s worried about how potential renters will treat these valuable items. Instead of investing in all new appliances at once, start with one big upgrade. Which one should you start with? According to Direct Energy, these 4 appliances pack the biggest savings punch:

  • Washer: $40/year and $415/lifespan
  • Air purifier: $27/year and $215/lifespan
  • Clothes dryer: $16/year and $160/lifespan
  • Air conditioners: $11/year and $99/lifespan

If you don’t have the extra cash to replace old appliances just yet, focus on downgrading wherever possible. “Make an effort to buy appliances that suit your needs–no bigger and no smaller. Oversized air conditioners, water heaters and refrigerators waste both energy and money,” explains Mary Boone on Zillow.

When all is said and done, don’t forget to update rental listings to feature any upgrades you’ve made. Use buzzwords like “eco-friendly,” “environmentally friendly,” “green,” “sustainable,” and “energy savings” to pique the interest of tenants that care most about these features–and highlight the money it’ll save.

Get Property Management Here

For professional property management for your rental properties contact Vestpro Residential Services today by calling (832) 498-0016 or click here to connect with us online.

 

Property Management Tips – How to cleanly remove popcorn ceilings

Are you planning on buying another rental property but you noticed that it has popcorn ceilings?

Even though a popcorn ceiling can be tedious to remove the reality is that it can be done cleanly / efficiently by following the tips in this video.

Get Property Management Here

No time to continue managing your rental properties yourself? No problem! Contact Vestpro Residential Services today by calling us at (832) 498-0016 or click here to connect with us online.

 

Property Management Tips – How to remove a stain from carpet

One of your rental properties just came up for rent and after inspecting it you’ve found that more than one room in the property has stains in the carpeting.

What do you do?

Hire a professional carpet cleaner to clean the carpet?

The good news is that you can easily remove stains from any carpet yourself simply by following the tips in this video.

Get Property Management Here

No time to manage your rental properties yourself? No problem! Get professional property management by calling Vestpro Residential Services by calling us at (832) 498-0016 or click here to connect with us online.

Best Tips For Newbie Landlords

Just getting started with owning your first rental properties? If so, you’ve come to the right place. In this article we will share with you or best tips for newbie landlords who have just purchased their first rental properties and are now faced with the task of dealing with tenants.

1. Screen Tenants

Don’t rent to anyone before checking credit history, references, and background. Haphazard screening and tenant selection too often results in problems — a tenant who pays the rent late or not at all, trashes your place, or lets undesirable friends move in. Use a written rental application to properly screen your tenants. For more information, see How to Screen and Select Tenants FAQ.

2. Get it in writing.

Be sure to use a written lease or month-to-month rental agreement to document the important facts of your relationship with your tenants — including when and how you handle tenant complaints and repair problems, notice you must give to enter a tenant’s apartment, and the like. For what to include in a lease or rental agreement, see Ten Terms You Must Include in Your Lease or Rental Agreement. Not sure which to use? See Whether to Use a Lease or Rental Agreement.

3. Handle security deposits properly.

Establish a fair system of setting, collecting, holding, and returning security deposits. Inspect and document the condition of the rental unit before the tenant moves in, to avoid disputes over security deposits when the tenant moves out. For more information, see Leases and Rental Agreements FAQ.

4. Make repairs.

Stay on top of maintenance and repair needs and make repairs when requested. If the property is not kept in good repair, you’ll alienate good tenants, and tenants may gain the right to withhold rent, repair the problem and deduct the cost from the rent, sue for injuries caused by defective conditions, and/or move out without needing to give notice. For more information, see Repairs, Maintenance, and Entry to Rented Premises.

5. Provide secure premises.

Don’t let your tenants and property be easy marks for a criminal. Assess your property’s security and take reasonable steps to protect it. Often the best measures, such as proper lights and trimmed landscaping, are not that expensive. For more information, see Criminal Acts and Activities: Landlord Liability FAQ.

6. Provide notice before entering.

Learn about your tenants’ rights to privacy; see Repairs, Maintenance, and Entry to Rented Premises. Notify your tenants whenever you plan to enter their rental unit, and provide as much notice as possible, at least 24 hours or the minimum amount required by state law. For state-by-state information, see Chart: Notice Requirements to Enter Rental Property, State by State.

7. Disclose environmental hazards.

If there’s a hazard such as lead or mold on the property, tell your tenants. Landlords are increasingly being held liable for tenant health problems resulting from exposure to environmental toxins in the rental premises. For more information on lead, see Lead Disclosures for Rental Property FAQ. Check your state law for other landlord disclosures. – Learn more here!

Save Time And Money Here!

No time to manage your rental properties yourself? No problem! Get professional property management by calling Vestpro Residential Services by calling us at (832) 498-0016 or click here to connect with us online.

 

Planning for retirement? Why not buy an investment property?

Is your retirement around the corner and you’re searching for income producing investments to add to your portfolio? If so, why not add rental properties to your portfolio?

There’s never been a better time than right now to invest in Real Estate especially since more people continue to move to Texas every day and as an investor you will be able to capitalize on the demand for rental properties by investing in Real Estate.

Tips For Investing In Rental Properties

Gather as much information as you can. Talk to other investors, mortgage brokers andreal estate agents who have worked with income property about what owning a rental property is really like, in addition to reading books and articles on the topic. “It’s all about obtaining knowledge,” Rodriguez says.

Decide if you’re ready to be a landlord. Buying and managing property yourself provides the greatest return but also the greatest headaches. “Do you have the stomach for being a landlord?” Fleming says. “Stuff’s going to happen that just really ticks you off.” Other, less active options include becoming a partner in a limited liability company that owns properties or buying into a real estate investment trust.

Crunch the numbers carefully. A rental property is only a worthwhile investment if it makes money. Yes, the property may rise in value and yield a profit when you sell, but it also may lose value depending on which way the market goes. “If you’re banking on just appreciation, it’s really hit or miss,” Alexy says.

Make sure you have enough cash. Getting rich on real estate with no money down is a great dream, but it’s almost impossible to accomplish. Expect to need a sizeable down payment, reserves to pay for repairs and maintenance and a good income before you start investing.

Property Management Makes Owning Rental Properties SIMPLE

Before managing your rental properties yourself, learn more about how affordable property management is by calling Vestpro Residential Services at (832) 498-0016 or click here to connect with us online.

 

DIY Property Management Is HARD! Make it easy by calling Vestpro at (832) 498-0016 or click here to connect with us online.

How often should your Houston TX rental property be inspected?

If you’re like most owners you’ve probably wondered how often should you have your Houston TX rental property inspected.

Should you have it inspected every three months, six months or one year? In this blog post we will answer this question and provide you with more property management tips.

How Often Do I Need a Rental Home Inspection?

So how often should you schedule a rental home inspection? It depends upon several factors:

If you have crawlspaces or a basement, you might want to invest in a rental home inspection every 2-3 years, or each time your property comes up for re-rental. You may also want to inspect this more frequently if you have older plumbing or wiring, or if your home is in an area with a lot of moisture, an extreme climate, or both.

If your home is newer and was professionally inspected when you bought it, and you don’t have major weather extremes, you can probably get away with a longer inspection cycle.

If your home has never been professionally inspected since you’ve owned it, do it now.

Another reason to have a rental home inspection is if you are planning a major renovation project anyway. Why? You don’t want to have already committed thousands of dollars to a bathroom remodel only to discover that you need to replace your furnace. Conduct a reconnaissance before you march.

Get Houston Texas Property Management Here

For affordable and professional Houston Texas property management contact Vestpro Residential Services by calling us at (832) 498-0016 or click here to connect with us online.

 

 

 

 

What are your rental property’s best features?

It doesn’t matter how long you’ve owned rental properties in Houston TX, or the surrounding area, you’re going to one day face the prospect of your rentals competing with other rentals in the area that may have better features and or amenities. The key to success when this happens is for you to highlight your rental properties best features by doing the following.

Photograph the right features
The first step in highlighting your property’s most sellable features is to share photos of the right features—a.k.a. the features your potential tenants will care most about. These features can be both design-focused and functional; a mix of the two may appeal to the widest audience. Focus on features like crown molding, new appliances, large outdoor or patio space, and newly renovated areas of the home.

To make sure tenants see the property from every angle, put the images into a collage: “This allows somebody glancing through listings to see interior and exterior shots all at once. Because our homes are so beautifully staged, the split photos get a lot of attention and sets it apart from every other listing,” says Paul Moore, of Smith Mountain Homes.

You can also add multiple images to Facebook Carousel ads or Instagram’s new multi-photo upload feature to create a well-rounded view of the property.

Do virtual home tours
What better way to highlight your property than with a virtual tour? You can do this by taking a phone video and uploading to YouTube, or take live video with your Facebook or Instagram business page. Either way, this is also a great opportunity to engage with potential renters, so while giving the tour, ask questions. You might say:

“We just finished this bathroom, and added the brand new clawfoot tub. Do you like that vintage style? Tell me in the comments!”

“Tenants love using the back yard for grilling and hanging out with friends—the grill over there comes with the property. How often would you use this area?”

If creating all videos on a social platform, be sure to download them and upload to your YouTube channel. You can begin creating different sections for each rental property, so anyone interested in your listings can get walking tours whenever they want.

Share high-quality images

Photographing the right features is important, and the next step is taking high-quality photos. Luckily, you don’t need an expensive camera or photography experience to do that. The new iPhone 7, for example, has made it even easier for you to get expert-quality photos all on your own, thanks to its new dual lens camera, which features a wide angle and telephoto lens, according to iPhone 7 Rumors Confirmed.

Other new phones like the HTC M8 also have this feature, making it possible for you to take photos with depth of field. This is a feature traditionally found only in expensive SLR and DSLR cameras, providing you with a great opportunity for you to get high-quality photos without spending a lot.

Get Property Management Here

For affordable and professional property management contact Vestpro Residential Services today by calling us at (832) 971-1841, connect with us online, or find us on Facebook.

Tips for Finding a Contractor You Can Trust

Are you planning on having some work done on your rental property? If so, one of the keys to success with maintaining rental property for the long term that also produces consistent cash flow is finding a contractor you can trust. Thankfully, we got you covered with these 11 tips that will help you to connect with the right contractor.

1. Insist on a license.

Don’t accept excuses like, “I haven’t renewed my license yet this year” or “It’s pending.” All of these coverages ultimately protect you, the consumer, with vital safeguards like insurance requirements.

2. Ask for referrals.

One of the best methods for finding a contractor that you like is to ask your fellow property managers who they use.

3. Check with state or county authorities.

They’ll have a record of any complaints or revoked licenses. Keep in mind that any contractor who’s been in business for a while may have a few complaints; what you want to be wary of is a negative pattern on their licensing record.

4. Use a General Contractor Firm.

General contractor’s licenses are more difficult to get. General contractors are accustomed to carrying insurance that protects both them and you, the customer, against damage that may be caused by their subcontractors.

5. Anticipate problems.

Jobs may not be completed as planned for a few reasons: a scheduling error, inadequate manpower, insufficient materials, or an injury on the job site. If you enter each job prepared for the worst, you’ll be more resilient in the face of unexpected issues.

6. Get multiple bids.

This is about more than getting the best price. A variety of bids will set a price range, and set your expectations for how the work will be done.

7. Don’t automatically take the lowest bid.

The lowest price, though enticing, may be because the company is using subpar materials or illegal labor; or they may be skimping on workers’ compensation.

8. Don’t pay for bids.

Reputable contractors will get their fair share of work from their own bids, without you having to pay just to get them to consider your project.

9. Get proof of insurance.

Specifically, you want to see proof of sufficient general liability, contractors liability, and workers’ compensation insurance as a minimum.

In addition, make sure that the total coverage amount is adequate in proportion to the size of the job and the nature of the building. If it’s not, you should feel comfortable asking the contractor to purchase more insurance.

10. Verify liability coverage.

Errors and omissions in professional liability coverage comes in two basic forms: “occurrence” and “claims made.” It’s important to understand the distinction.

  • Occurrence: Provides coverage for any incidents or accidents that occur during the policy period, even if you don’t file the claim or issues don’t even become apparent until after the policy expires.
  • Claims made: These policies do not provide coverage after the policy has expired, unless the contractor purchases tail coverage.

11. If you’re a landlord, consider a surety bond.

A surety bond is a kind of insurance protection for the landlord. The contractor pays a sum to a bond company, and in the event that the contractor fails to perform, the surety bond company pays a sum to the landlord.

Get Property Management Here

For affordable and professional property management contact Vestpro Residential Services today by calling us at (832) 971-1841 or click here to connect with us online.

Atascocita property management

Searching for Atascocita property management? If so, contact Vestpro Residential Services today by calling us at (832) 971-1841 or click here to connect with us online.

At Vestpro Residential Services we specialize in full-service property management and can offer you the following services:

  • Tenant Selection – Our Atascocita property management will choose the most qualified tenants to live in your rental property.
  • Customer Service – Our property management team will be available to handle calls from your tenants and manage all issues related to your rental property.
  • Rent Collection – When it comes time to collect the rent you can count on Vestpro to collect the rent from your tenant on time and deposit it into your bank account.
  • And more!

Atascocita Property Management Will Save You Time and Money

There’s no denying that owning rental properties is a great way to build wealth but life can get complicated when you manage your rental properties yourself. Thankfully, with professional atascocita property management, you can count on us to save you the time, money and hassle of managing your rental properties yourself.

We Make Your Life Easy

This is why we offer a full suite of services to relieve property owner stress, such as tenant placement, credit screening, maintenance, property inspections, collections, evictions, and monthly financial reporting. 

When you choose Vestpro to handle your properties, a dedicated property manager will be assigned to your property.

Let Us Help You Build Your Portfolio of Rental Properties

Once you hire our atascocita property management team to serve you, you’ll see how easy it is to grow your portfolio of rental properties since you won’t have to concern yourself with the day-to-day tasks that come with owning a rental property.

Learn more about the services we can offer you by calling us at (832) 971-1841 or click here to connect with us online.

Atascocita property management