Aѕ a lоng tіmе Kingwood Texas Home Owner уоu’vе been wаtсhіng thе news lаtеlу аnd are wоndеrіng іf nоw іѕ the rіght tіmе fоr уоu tо ѕеll your home ѕіnсе you plan on rеtіrіng аnd downsizing іn thе next few years.
Bеfоrе уоu dесіdе tо list your hоmе here аrе 3 rеаѕоnѕ whу уоu ѕhоuld соnѕіdеr hоldіng onto your home аnd rеntіng іt out.
Reason 1 – Cаѕh Flow
A rеntаl property will brіng іn роѕіtіvе cash flow which уоu саn depend on іn уоur rеtіrеmеnt аnd uѕе to ѕuррlеmеnt your іnсоmе frоm investments оr ѕосіаl security.
Rеаѕоn 2 – A Truе Aѕѕеt
Whеn you оwn Kingwood Texas Rеаl Estate уоu wіll still continue tо оwn a truе asset аnd this аlѕо mеаnѕ you саn rеfіnаnсе your hоmе then uѕе that аddіtіоnаl іnсоmе to іnvеѕt іn уоur rеtіrеmеnt аѕ wеll.
Do you have a hoarding tenant at one or more of your rental properties? You’ve come to the right place!
Hoarding is a big problem because not only is it a fire hazard, it can also lead to serious injury or death.
Thankfully, dealing with hoarding tenants is no longer difficult especially if you follow these tips.
Tips For Dealing With Hoarding Tenants
Understand Your Responsibilities
In most states, the landlord has a responsibility to provide a habitable dwelling. This duty is often referred to as the “warranty of habitability” and is implied in nearly every standard lease agreement. In exchange, most states require tenants to keep their units “clean and sanitary.” If someone’s hoarding interferes with either party’s ability to carry out their respective duties, it’s time to take action.
Determine What’s Messy vs. Hoarding
As a general rule of thumb, we consider a person to be “hoarding” if their behavior goes beyond clutter and blocks emergency exits or doorways; interferes with ventilation or sprinkler systems; attracts pests through improper food storage; or creates hazards for other residents.
Contact the Tenant ASAP
If you suspect a person is hoarding, get in touch with that resident as soon as possible, before the problem becomes more pronounced. Remind them of their lease obligations–namely, to keep the unit clean, sanitary, and free from clutter. Perhaps there’s a reason for the clutter. Maybe someone is preparing to move. Maybe the resident is temporarily housing furniture and other items while their parents’ home is undergoing renovations. There may be a legitimate reason for the clutter; and hopefully, the matter can be resolved swiftly–before it becomes a larger issue.
Offer to Help
Consider ways that you might be able to help your hoarder tenant. Is there extra storage space in your basement that they could lease? Do you have a deal with a local facility that could offer them a discounted storage unit? Sometimes there’s nothing you can do to help–but if it seems at all possible to extend a helping hand to resolve the issue, offer that carrot before reaching for the stick.
In the worst case scenario, you might have to evict the hoarder tenant. You want to start preparing for the possibility now. Begin to document everything. Take pictures, videos, and notes to document the property’s condition. Keep copies of all communication between you and the tenant. You’ll want to have these records if an eviction becomes necessary.
Begin Eviction Proceedings
Nobody likes evicting a resident; but an eviction is often the last line of defense for landlords, property managers, and HOAs. You’ll want to use all of the documentation you’ve compiled to date to show the court that you’ve tried everything you could to accommodate the resident before the eviction became necessary. If an eviction seems necessary, consult with a property manager and/or real estate attorney. Evictions can be messy (and worse, expensive), so you’ll want to follow procedures to a T.
Get Property Management Here
For professional property management in the Houston Texas area contact us today by calling (832) 971-1841 or click here!
There’s no doubt that owning a Houston Texas Rental Property is a great investment, especially over the last four years as Houston has been one of the fastest growing cities for relocation in the United States.
If you own Houston Rentals, getting started as a landlord can be tough because there’s so much to learn. Thankfully, you can cut down on the learning curve by following these tips.
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, seeHow to Screen and Select Tenants FAQ.
Establish a fair system of setting, collecting, holding, and returningsecurity 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, seeLeases 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 theright 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, seeRepairs, 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, seeCriminal Acts and Activities: Landlord Liability FAQ.
There’s no doubt that owning Houston rentals can be an exciting thing to do because, you’re generating monthly cash flow while building long term wealth.
Sadly, owning rental properties can get complicated, especially as you add more properties to your properties to your portfolio.
Thankfully, owning rentals only gets easier when you hire Vestpro Residential Services to manage them.
If you’re “on the fence” about calling us to learn more about our property management services, here are 7 reasons to choose Vestpro to manage your rentals.
Why Hire Vestpro Residential To Management Your Houston Rentals?
#1 – Set the Right Correct Rates for Your Rentals
One of the biggest problems many property owners face is setting the incorrect rates for their Houston Income Properties.
We are your biggest asset in this area thanks to our market research, which will guarantee that we rent your properties for the right rates, insuring you have the right balance between stable monthly income and super low vacancy rate.
#2 – Collect Your Rent on Time
Another area where we will be an asset to your Houston Income Property portfolio is rent collection.
Over the years we’ve developed the right internal systems which will insure that your rent is collected on time every single month and deposited into your account or mailed to you.
#3 – Effective Property Marketing
As you grow your portfolio of properties you will find that one of the most time consuming duties is marketing a home, plex or property when you have a vacancy.
Vestpro has solved this problem for you. Effective property marketing is another of our biggest assets which will save you the time and hassle of property marketing yourself.
#4 – Choose the Right Tenants for Your Properties
Last of all, but most important, at Vestpro we will choose the right tenants for your properties by performing the following tasks including: credit check, income verification and reference checks so you don’t have to.
#5 – Property Management Maintenance
It doesn’t matter if you don’t mind cutting the grass or fixing toilets at your rentals yourself. Those things take time out of your day and are stopping you from growing your portfolio of rental properties. Thankfully, with Vestpro you won’t have to worry about doing maintenance again because our team of professional property managers will do it for you.
#6 – Customer Service
Another benefit that comes from choosing Vestpro is that we will also be your first line of defense when it comes to customer service. You will never have to worry about taking calls from your tenants again because they will call us for their property management issues.
#7 – We Will Increase Your Return On Investment (ROI) From Your Rental
Last of all, but most important, another great reason to choose Vestpro to manage your rentals is we will help you to increase your return on investment from your rental property. How? Our team of experts will look out for your best interests and make recommendations (when needed) that will help to increase the ROI from your rental.
Contact Vestpro Residential Services
To get started with professional property management for your Houston Texas Rental contact us today by calling (832) 971-1841 or click here to connect with us today.
HOUSTON, TX. – Over the last week we’ve been hit with one of the coldest storms to hit Texas in recent memory and you may have been woken up to frozen pipes in your Houston Rental Property.
Although frozen pipes are not uncommon, many people don’t know how to deal with them and if those frozen pipes are left frozen for too long they can cause a major problem for the home.
Thankfully, you can deal with frozen pipes yourself if you follow these simple tips:
How To Unfreeze Pipes At Your Houston Rental Property
Tip #1: Use a Hairdryer to Thaw Frozen Pipes
As soon as you suspect that a pipe has frozen, try to find the problem area. It might be in your basement. It might be under a sink. Pipes located along exterior walls are most susceptible to freezing, so that’s a good place to start. Run an electric hairdryer along your pipes to warm them up and get water flowing again.
How to Fix Frozen Pipes
Tip #2: Wrap Hot Towels Around Frozen Pipes
If you don’t have a hairdryer handy, try this technique. The hot towels may slowly thaw the blockage. This strategy is best used on copper or galvanized steel piping, as metal conducts heat. It will be less effective on PEX piping. As the towels gradually cool, you can place a bucket under the pipe and continually pour hot water over them. (It might be a bit messy, but if it works, it’s worth it!)
How to Fix Frozen Pipes
Tip #3: Wrap Frozen Pipes with Heating Cables or Heat Tape
Heating cables and heat tape can be a lifesaver when cold weather strikes.
Heating cables are self-regulating, automatically varying their heat output based upon the surrounding temperature. You wrap the cable around your pipes (ideally before they freeze–but you can do so afterwards to thaw them as well) and then plug the cable into a regular electrical socket. The cable can be overlapped to provide extra protection.
Heat tape is a flat tape coated in rubber. The heat tape must run flat along the pipe and cannot overlap itself. Be sure to read the manufacturer’s instructions for installation. Some heat tapes cannot be used safely on plastic, such as PVC water lines.
If you plan to use either heating cables or heat tape, measure the length of your pipes before heading to the hardware store. This will help you to determine how much heating cable or tape you need. The cords come in various sizes, usually ranging from 30″ to 80″. Once applied, the cords will help to slowly thaw your frozen pipes; and if left plugged in, they can prevent your pipes from freezing again in the future.
How to Fix Frozen Pipes
Tip #4: Crank the Heat to Thaw Frozen Pipes Behind a Wall
The first three solutions won’t do much good if you can’t access the frozen pipe. If the frozen pipe is located behind a wall, one of your best (and only) options is to crank the thermostat. Sometime, heating the problem area is all you need to thaw the blockage. To speed the process along, consider using space heaters and/or infrared lamps against the wall where you suspect the frozen pipe is located.
How to Fix Frozen Pipes
Tip #5: Find a Plumber with a Thaw Machine
When all else fails, it’s time to bring in the pros. Most plumbing companies will have at least one thaw machine on hand. A thaw machine is a small, portable unit that a plumber will connect between a working pipe and a frozen pipe. Once the connections have been made (which look similar to jumper cables), the machine will then shoot electricity from one end to another. This heat conduction process is usually enough to thaw even the most stubbornly frozen pipes.
How to Fix Frozen Pipes
Tip #6: Don’t Use a Blowtorch to Thaw Frozen Pipes
One thing that you should never do is use a blowtorch to thaw frozen pipes. It may seem like a logical solution, but the high-pressure heat could actually damage your pipes. You’re also creating a fire hazard if there are combustible materials nearby. Frozen pipes are bad enough–the last thing you want to do is burn the house down trying to fix the problem!
If frozen pipes continue to be an issue, considering hiring a property manager. An experienced property manager will be able to manage these stressful situations for you. They should also be able to give you sound advice on issues of all kinds, including preventing frozen pipes in the future.
Get Houston TX Property Management Here
For professional Houston TX property management contact Vestpro Residential Services today by calling us at (831) 971-1841 or click here to connect with us online.
Are you planning on going on vacation this year? If so, you might want to wait to go on vacation during an annual event in the Houston area.
You may be able to rent your home for more money while a special event is in progress like Comicpalooza because more people will be in town during the week of that event and willing to pay higher rental rates.
This situation can particularly benefit homeowners where there are large sporting events nearby like golf and tennis tournaments, championship games or other high attendance venues. The demand for a private residence can be more attractive than staying in a hotel which makes the price go up.
Obviously, there are challenges with personal belongings and damage but getting a premium rental rate and not having to recognize the income could be worth it. You’ll certainly want to discuss this with your tax professional prior to making this decision. You’d probably also want to get some help from an experienced real estate professional.
Source – In Touch Weekly
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For professional property management in the Houston Texas area contact us today by calling (832) 971-1841 or click here to connect with us online.
Are you thinking about selling or renting out your Humble Texas home but can’t decide which decision is the right one to make?
You’re not alone.
Although the Humble Texas Real Estate market is going strong it may be a better decision for you to rent your property out rather than sell it, especially for these reasons.
Reason 1 – Your Home Will Generate Cash Flow
A rental property will bring in positive cash flow which you can depend on and use to supplement your income from your other investments
Reason 2 – Real Estate Is A True Asset
When you own Real Estate you will still continue to own a true asset that will continue to appreciate over time.
Reason 3 – Owning Rental Property Is Easy
Thanks to property management services like Vestpro Residential Services you will be able to rent out your Humble 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.
Reason 4 – Create Income For Your Retirement
Another great reason to rent your Humble Texas property is the fact that you can use the income generated from your home for your retirement.
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For professional property management in Humble Texas call us at (832) 498-0016 or click here to connect with us online.
Are you thinking about buying rentals to add to your portfolio and are wondering if it can be a bad thing to own too many? The answer to this question is both yes and no.
Yes, it can be a bad thing to own too many rental properties unless you hire a professional property management company to manage those rentals for you.
If you’ve been “on the fence” debating if you should hire a property management company or not to professionally manage your rental properties, this article will provide you with reasons to hire a property manager.
One of the biggest problems most property owners who own homes or multi-family properties have is collecting rent from their tenants each month especially when their tenants fall behind on paying.
Thankfully when you hire Vestpro Residential Services to manage your Houston Texas Rental Properties you can have confidence that your rentals will be professionally managed and rent will be collected from your tenants on time each month eliminating the need for you to contact tenants or start collections against them if they don’t pay.
Another big problem for some owners has been the issue of maintenance because, it’s not always easy to handle maintenance issues if you own multiple properties.
With Vestpro on your side you will have peace of mind in knowing that your tenants will call us when they have maintenance issues and this will also help you keep tenants as well because, your tenants will know that the can depend on the property management company to solve problems when they occur instead of hearing making empty promises.
Last of all, but most important is customer service.
Many property owners offer customer service and poor support so that whenever there is an issue at one or more of their properties it will go unresolved for weeks or months.
At Vestpro we take pride in offering great customer service so that if your tenants call in with an issue they will be served by true customer service professionals every time.
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Thinking about building a laundry room at your rental property? Yes, it’s true that laundry rooms are a good investment to make but before you spend the money it’s important to ask yourself 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. If the answer is no for building your own laundry room, you can always look into finding commercial laundry services to get professional results when it comes to dealing with your laundry.
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) 971-1841
Have you put a lot of time, money and energy into your rental property only to find that it’s still not renting and you can’t figure out why? You might want to seek support from a group like PCF Management if you’re looking for advice regarding your rental property.
Your Curb Appeal Is Scary
Take a look at the curb appeal for your Rental and think like a potential renter.
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 Rental Property Is Scary
When was the last time that you spent 10 minutes inside your 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 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 Here
For professional property management contact Vestpro Residential Services at (832) 971-1841 or CLICK HERE to connect with us online.