Are Low Oil Prices Affecting Multi-Family Rental Performance In Houston?

By Vestpro Residential Services, LLC

HOUSTON, Texas – Earlier this year the multi-family rental market in Houston was booming as the city remained one of the top relocation destinations in the United States and in spite of low oil prices Houston still continues to remain strong and doesn’t show any sign of slowing down.

Rent Growth Levels Are Increasing

Thanks to recent statistics from Jay Parsons of MPF Research we know that lease renewals have actually increased every month of this year instead of decrease like many people initially thought they would.

As of April 2015 lease over rent growth increased by 6.1% and that’s much higher than the 5.3% lease over rent growth that we saw back in 2011.

Renter retention has also increased for 20 months straight and hasn’t shown any sign of stopping but the big question is why are renters staying put and renewing their leases?

In a recent interview Jay Parsons had this to say about renter retention in 2015: “Renters are increasingly choosing to stay put and renew their leases in spite of rapidly rising rents and historically large levels of new supply, which logic would suggest would be driving down retention. And the fact that retention is still so strong speaks to the depth of demand for apartments and to the absence of any sort of affordability crisis in conventional, investment-grade apartments.”

Grow Your Rental Property Portfolio Now

Another great reason to grow your portfolio of rental properties now is low mortgage interest rates which have continued to remain at 4%, or lower, all year long.

Recent news from Janet Yellen and the Federal Reserve indicates that the Fed most likely will not raise interest rates this year so if you’ve been thinking about adding more properties to your portfolio there’s never been a better time than right now

Get Houston Texas Property Management

Stop managing your rental properties yourself, save time and money with effective Houston Texas Property Management by contacting Vestpro Residential Services today by clicking here, or calling us at (832) 498-0016.

Should You Rent Your Houston Rental Property to a College Student?

Houston Rental Property

By Vestpro Residential Services

As you move forward with the process of buying another Houston Texas Rental Property you will eventually have to ask yourself the question if you should rent your property to a college student or not.

Although some landlords may tell you that it’s not a good idea to rent to a college student the truth is that you can establish a consistent and profitable income stream when you choose to open your Houston Rental up to college students and not just traditional renters.

In this post we will share with you some of the benefits of renting to college students and what else you should know when you start renting to this segment of the rental market.

Benefits of Renting To College Students

Some of the benefits that come from renting to college students include:

Year-Round Occupancy – Since most college students go to school for 4 years they will also will many times want to stay in the same rental property during the time that they are going to college and this means year-round occupancy for the landlord and less turnover.

You Can Charge Premium Rent – Another great benefit of renting to college students is that you can charge premium rent especially the closer your Houston Texas Rental Property is to the university or college, and most tenants won’t have a problem paying premium rent especially if they live with roommates.

Getting Started With Renting To College Students

Before placing an ad online to rent to college students you should do the following:

  1. Create an airtight lease that protects your best interests.
  2. Create strict rules for your property including no fireworks, weapons or drugs in the house and no charcoal grills outside the house.
  3. Always do a complete background check before approving a new college student to rent from you including viewing their credit report because this will only protect your best interests.
  4. Require college students under the age of 21 to have co-signer on their lease just to make sure you will continue to get paid each month even if they don’t pay their rent.

Learn More

To learn more about renting your Houston Texas Rental Property to college students contact Vestpro Residential Services, LLC today by calling us at (832) 498-0016 or click here to connect with us online.

3 Tip for Getting Your Houston Rental Property Ready for fall

By Vestpro Residential Services, LLC

Fall is right around the corner and if you own a Houston Rental Property there’s never been a better time than right now to get your rental property in Houston ready for fall and winter by following these simple tips.

Inspect Air Flow Sources 

Since your tenants will be using their HVAC systems during the fall and winter months now is the best time for you to confirm that your HVAC system is ready for use during cooler weather.

Hire an HVAC maintenance company to have your HVAC unit professionally inspected plus serviced and during this time you should also check other sources of air flow in your home like room fans, vents, dryer vents and baseboard heaters as well.

Another important thing to have done is to have the heat turned up in your rental property to confirm that the heater is working properly plus you should also hire a service technician to check any wall heaters so you can avoid calls from your tenants if heaters are not working after we have the first cold winter days in Houston. 

Clean The Fireplace 

If your rental property has a fireplace you should have it professionally cleaned and tested to insure that your it will function properly for your tenants as well since fireplaces are one of the most common sources for accidents and house fires during the winter.

Check Insulation And Weatherstripping 

Last of all, but most important, you should check the weather and insulation in your Houston Rental Property as well because a properly insulated and sealed home will keep your rental property warm and dry during the winter plus help your tenants to save money on their electrical and gas costs.


Get Houston Property Management 

To get started with Houston Property Management contact Vestpro Residential Services, LLC today by clicking here to connect with us online or by calling us at (832) 498-0016.

What Are The Best Investments For You To Make In Your Single Family Houston Rental Property?

By Vestpro Residential Services, LLC

Now is one of the best times for you to remodel your single family Houston Rental Property because mortgage interest rates are still historically low and thanks to recent news it’s likely we will not see a rate increase at all this year.

The big question is what investment should you make in your Houston Rental if you want to increase the value of your property?

Should you add a deck, more closet space, improve the kitchen or have a new roof put on your home?

In this article we will break down some of the best renovations you should consider making to your Houston Rental Property.

What Is The Cost Vs. Value?

During the process of making renovations to your Houston Rental Property one of the biggest things you must ask yourself is what is the cost vs. the value of the renovations or improvements you want to make to your Houston Rental?

Thanks to a recent article by Remodeling Magazine we know that the average return on investment you can expect from major renovations to your rental property.

  • Adding a backyard deck – This improvement will bring you a return of about 80 cents on the dollar.
  • Kitchen remodel – Making a minor kitchen renovation to your home will also bring you a return of about 79 to 80 cents on the dollar.
  • Adding an attic bedroom – One of the smartest investments you can make, this investment will bring you a return of about 77 cents on the dollar as well.

What about Multi-Family Renovations

When making additions or renovations to your multi-family rental properties it’s best to consider making the following renovations:

  • Add wood flooring.
  • Upgrade the kitchen.
  • Improve the interior lighting.

Get Houston Texas Property Management

For effective Houston Texas Property Management contact Vestpro Residential Services today by calling us at (832) 971-1841 or click here to connect with us online. 

What to Look For In a Houston Property Manager

So you’re thinking about hiring a Houston Property Manager to manage your real estate

This is a smart move to make because as your portfolio grows so will all of your management responsibilities and this is why hiring a Houston Property Management company just makes sense.

Before choosing just anyone we will share with you several tips you can use for choosing the right Houston Property Manager.

What to Look For In a Houston Property Management Company:

Tip #1 – Look for a Team

When you choose a Houston Property Management company you should choose an organization that offers you a team instead of one individual because a team will be able to efficiently handle all of the duties required to efficiently manage a rental property including: customer service, maintenance and rent collection.

Tip #2 – Look for Experience

The Houston Property Manager you choose should be experienced in all forms of property management and provide you with verifiable references from satisfied owner clients and happy tenants they have managed over the years.

Tip #3 – Look for Growth

The right Houston Texas Property Management company you choose should also show signs of growth in their company by having acquired new clients over the last 24 months and they should also show signs of growth when it comes to the systems they use to manage their company.

Tip #4 – Look for Efficiency

Last of all, but most important, when you choose a Houston Property Manager you should choose a company that offers the most efficient online and offline tools possible for finding, qualifying and keeping tenants so you can continue to enjoy long term cash flow from your Houston Rental Property without having regular vacancies.

Get a Houston Property Manager Now

To get started with a Houston Property Manager contact Vestpro Residential Services today by calling us at (832) 498-0016 or click here to connect with us online.

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4 Tips for Successful Houston Texas Real Estate Investing

Are you thinking about getting started with investing in Houston Texas Real Estate?

Now is the right time to start investing in rental properties thanks to high demand for rentals and low mortgage interest rates nationwide.

Everyone from Robert Kiyosaki to Warren Buffet are advocates for Real Estate investing thanks to the steady cash flow you receive from your rental properties each month and the wide variety of other benefits which come from owning rentals like tax deductions and equity.

To get you started with Real Estate investing right here are our 4 tips for successful Houston Texas Real Estate investing.

Tip #1 – Continue Your Houston Texas Real Estate Education

This tip is vital to follow because once you stop learning about Real Estate investing you won’t continue to see the same success that you’re enjoying when you’re learning about Real Estate investing.

Establish a set daily time for studying and following what other Real Estate investors are doing so you can stay ahead of other investors and even find great deals no matter what shape the economy is in.

Tip #2 – Establish Goals For Acquiring Houston Texas Real Estate

Once you get started in Houston Texas Real Estate investing don’t get satisfied with just one property, set clear goals for yourself on how many properties you want to buy so your net worth will grow every year.

For example: one of your goals could be to save $20,000 and use that profit from your rental property to use as a down payment on one new Houston Texas Rental each year.

Tip #3 – Don’t Start Speculating

Although the market may be up, or down, NEVER speculate on where you think it’s going to go or speculate on what your short term gain will be if you purchase a new rental property in Houston Texas now.

Always use wisdom backed up by hard data when you’re investing because these are the two things which will ultimately contribute to your long term success as an investor.

Tip #4 – Make Cash Flow Your Primary Goal

When investing in a Houston Texas Rental property your primary question should be “what is the cash flow I will get from this property” because cash flow is king and also the key to your success if you’re trying to build cash flow for your retirement.

Get Houston Texas Property Management

For more information on how to get started with Houston Texas Real Estate Investing, or to get a property management quote, contact Vestpro Residential Services today by calling us at (832) 498-0016.

4 Tips for Dealing with Houston Texas Renters


By Vestpro Residential Services, LLC

HOUSTON – You finally were able to purchase your first rental property and are getting ready to rent it out but the big question remains, are you ready to deal with Houston Texas Renters?

In this post we will share with you 4 tips you can use for dealing with Houston Texas Renters.

Tip 1 – Always Be Attentive

Anytime you speak with your tenants over the phone, email or in person, it’s always important to be attentive to what your tenants are really saying so you can do your part to resolve problems or provide them with assurance that you will deal with issues when they occur.

Tip 2 – Stay Positive

When you are in the presence of your tenants always stay positive and never let them know about other problems you may be dealing with in the moment because your attitude with them will also affect their desire to continue renting from you once their lease is due for renewal.

Tip 3 – Do Your Best to Be Personable

If your tenant calls you at 6:00 am in the morning or 6:00 pm at night it’s important for you to always be personable with them because one wrong word or action from you could motivate your tenant to move out and you could lose money because of your actions.

Tip 4 – Stay Calm

Regardless if you are dealing with problems big or small you should always stay calm when dealing with your tenants so they know that they can call you with any issue regarding your rental property rather than leave problems for months at a time or try to resolve issues themselves.

Contact Vestpro Residential Services, LLC

For more information on how to successfully deal with Houston Texas Renters, 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.

Is Buying Too Many Houston Texas Rental Properties A Bad Thing?

By Vestpro Residential Services, LLC

Thanks to historically low mortgage interest rates you may be buying Houston Texas Rental Properties at a fast rate but, is it a bad thing to buy too many rental properties?

The answer to this question is yes, if you don’t have Houston Texas Property Management. Here’s why:

Rent Collection

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.

Customer Service

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.

Get Houston Texas Property Management

To learn more about how Houston Texas Property Management will make your life easier contact Vestpro Residential Services today by calling us at (832) 498-0016 or click here to contact us online.

4 Tip for New Houston Texas Real Estate Investors

Houston Home For Rent

By Vestpro Residential Services

Are you thinking about investing in Houston Texas Real Estate?

Now is a great time to invest in Houston Real Estate thanks to high demand for homes and excellent mortgage interest rates.

Before you start searching for rental properties make sure you follow these 4 tips for new Houston Texas Real Estate investors because, these tips can save you the time, money and traditional learning curve which every investor has to go through when they are just getting started with buying Real Estate.

#1 – Write a Business Plan

As with any business you may have started in the past it’s important to remember that investing in Real Estate is a business and you must have a plan for the 1 to 5 years of your business.

#2 – Pull Your Credit Report

Before applying for a loan to buy your first rental property you should pull your credit report and make sure that you have credit score of 700 or higher because, a high credit score will enable you to get the best mortgage loan possible.

#3 – Pay down Your Debt-To-Income Ratio

One of the biggest things which will make your life easier when getting started with Houston Real Estate investing is paying down your debt-to-income ratio and you will be able to do this by paying off your credit cards, auto loan and other debts.

A lower debt-to-income ratio will not only mean you will have fewer debts to pay each month but this will also make it easier for you to qualify for a great mortgage loan as well.

#4 – Connect With a Great Mortgage Lender or Broker

Another important element to buying a great rental property is hiring the right mortgage lender or broker.

You want to get the best mortgage interest rate possible and connecting with multiple brokers or lenders is a great way to get an awesome mortgage interest rate.

Get Started With Houston Real Estate

To get started with buying Houston Real Estate contact us today by calling (832) 498-0016 or CLICK HERE to connect with us online.

Houston Texas Rental Property – How to Know If Your Property Has A Mold Problem

Houston Texas Rental Property

By Vestpro Residential Services, LLC

One of the biggest problems from the recent rainfall across Houston and subsequent flooding is that there will be an increase in the reports of mold growth.

If you think your Houston Texas Rental Property may have a problem with mold right now, or in the coming weeks, here’s how to spot the signs of mold growth and what you can do about it.

Mold Warning Signs

Mold does have a strange “pungent” smell especially when it’s confined to one or more areas of your home.

Mold typically lives inside walls of older properties or behind wallpaper but it can also grow within showers bathtubs or behind the toilet in the bathroom of your Houston Texas Rental Property.

A general “rule of thumb” is to search for mold in any area which might be prone to moisture in your Houston Texas Rental Property.

How to Clean Mold

If you have found mold in your Houston Texas Rental Property you can easily clean away surface mold yourself simply by using bleach to surface clean the area.

Make sure you let the bleach set for at least 15 minutes because this kill off any spores or fungicides yourself.

It’s also important to use a breathing mask and plus latex gloves when cleaning mold.

You should also use a dehumidifier to remove the humidity from the air as well but do not use a fan because fans will only spread mold spores.

Get Houston Texas Property Management

For more information on how to deal with mold, or to get Houston Texas Property Management, contact Vestpro Residential Services, LLC today by calling us at (832) 498-0016 or CLICK HERE.