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.

Maintenance

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.

It’s Time for You to Invest in Houston Texas Single Family Homes

If you take a short drive through Houston Texas it’s not hard to miss the construction of apartments and other multi-family buildings around town.

Don’t let the construction of those multi-family homes fool you, there has been a huge increase in the construction of single family homes in Houston Texas and across the United States.

15.1 Million Single Family Homes Built Since 2006

Yes, construction of apartments, town homes and condos has been on the rise in up to 30 of the top apartment markets nationwide, but construction of single family homes has increased as well and as of July 2015 close to 12 percent of housing units nationwide are single family rental homes; that’s one out of every nine homes.

Big Increases over Last 10 Years

Over the last 10 years we’ve seen big increases in the construction of single family homes and to be exact there has been 35% more single family homes built nationwide since the mid 2000’s.

What’s interesting about the increase in single family home construction is that close to 4 million single family homes have become rental homes while just 2.9 million rental units became apartments.

How to Buy Single Family Home Rentals

To get stated with buying Houston Texas Single Family Homes do the following:

  1. Define the type of rental property you want to purchase (IE: 3 bedrooms, 2 bathrooms, garage and yard space) then stick with it.
  2. Know where in Houston you want to purchase a rental property.
  3. Find out who you want to rent you Houston Texas Rental property to. This step is important because each time you have a vacancy you will be able to advertise your rental to the right segment of the rental market.

Get Property Management Here

To get property management for your Houston Texas Single Family Home contact Vestpo Residential Services today by calling us at (832) 498-0016 or click here.

The Main Reason Why You Should Not Wait To Invest In Houston Texas Real Estate

By Vestpro Residential Services, LLC

HOUSTON – Are you thinking about investing in Houston Texas Real Estate? If so, you’ve come to the right place.

In this article we will break down the reasons why you should not wait to invest in Houston Texas Real Estate.

Reason #1 – Demand

Thanks to a recent study by the Harvard University Joint Center for Housing Studies and their 2015 State of the Nation’s Housing Report we know that demand has been one of the primary factors which has been driving the Real Estate market during 2015.

There’s been huge demand for rental properties and an even bigger demand for homes for sale thanks to historically low mortgage interest rates which has brought out the first time home buyer, and casual investor, in search of Houston Texas Real Estate and homes nationwide.

Reason #2 – Mortgage Interest Rates Will Increase

Many economists predict that Federal Reserve Chairwoman Janet Yellen will be increasing mortgage interest rates gradually in the coming months and these increases can mean the difference between paying less money now for a mortgage payment, or more if you buy a home in the future.

Reason #3 – Home Ownership Has Dropped While Renting Has Increased

Last of all, but most important, you should invest in Houston Texas Real Estate is because of the fact that renting has increased across the United States while the actual homeownership rate has decreased.

With a greater demand for rentals nationwide especially among Millennials and Baby Boomers it makes sense to invest in Real Estate because that demand isn’t expected to change in the coming years.

Contact Us

For more information on what you need to do to get started with investing in Houston Texas Real Estate contact Vestpro Residential Services, LLC today by calling us at (832) 498-0016 or CLICK HERE to connect with us online.

7 Simple Curb Appeal Ideas for Your Home’s Exterior

Here are a few curb appeal ideas to improve your home’s exterior including hiding features, sprucing up windows and additions to your porch. Read more about curb appeal.

Contact Us

For more information on how to improve curb appeal for your home, or to learn more about our property management services contact Vestpro Residential Services today by calling us at (832) 498-0016 or CLICK HERE to connect with us through our website.

CoreLogic Chief Economist Perspective- July 2015

A vibrant rental market has been an outgrowth of the Great Recession and housing market crash. Apartment vacancy rates are down to their lowest levels since the 1980’s, rental apartment construction is the most robust in more than 25 years, rents are up, and apartment building values are at or above their prior peaks. But the rental market is more than just apartments in high-rise buildings.

Apartments in buildings with five or more residences account for 42 percent of the U.S. rental stock. Additionally, two- to four-family housing units comprise an additional 18 percent of the rental stock, and one-family homes make up the remaining 40 percent.1

The foreclosure crisis resulted in a large number of homes being acquired by investors and turned into rentals. Between 2006 and 2013, three million single-family detached houses were added to the nation’s rental stock, an increase of 32 percent. The increase in the single-family rental stock has been geographically broad based, but has impacted some markets more than others.

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Get A Property Management Quote 

To get a property management quote for your rental property in Houston or the surrounding area contact us today by CLICKING HERE to schedule an appointment online or by calling (832) 498-0016.

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.

How to Find A-Rated Tenants for Your Houston Texas Rental Properties

Houston Texas Rental Properties

By Vetpro Residential Services

HOUSTON – One of the “secrets to success” with owning Houston Rental Properties is finding A-Rated tenants, or the perfect renter for your rental property.

In this article we will share with you simple tips you can use to easily find A-Rated tenants for your Houston Texas Rental Properties.

Go Through These Tenant Checks

When renting one of your Houston Texas Rental Properties to your tenants make sure you take the time to do the following checks with your prospective tenants:

  • Background check – Look deep into their background and confirm that the tenant doesn’t have any felonies.
  • Reference check – Don’t be afraid to ask tough questions about the prospective tenant’s behavior or habits including drugs, alcohol or tobacco.
  • Credit check – They should have a FICO score of at least 685 and or a credit score of 700.
  • Work reference check – Confirm that they really are working at the reference on their application.
  • Income qualification – Make sure they earn 2.5 times the rent.

Failing to do one or all of these checks can easily cost you money because it’s easy to “go with your gut feeling” about a prospective tenant when they might have something to hide and write wrong information on their rental application.

Market Your Property in the Right Venues

When marketing your Houston Texas Rental Properties make sure you market your properties online in the following venues which include:

Rentals.com

Zillow or Trulia

Realrentals.com

AHRN.com – Use for finding military families.

Har.com

Hotpads.com

Save Time and Money Marketing Your Houston Rental Properties

For more information on how to find A-Rated Tenants, or to market your Houston Rental Properties, contact Vestpro Residential Services by calling (832) 498-0016.

Should You Allow Smoking In Your Houston Texas Rental Properties?

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By VestPro Residential Services, LLC

You’ve worked hard to build your Portfolio of Houston Texas Rental Properties over the years but one of the biggest problems you could be facing in your rentals is smoking from tenants.

Why Smoking Will Be Bad For Your Rental Property

Although smoking is frowned on by the medical establishment, and the media, the reality is that smoking is still a problem, especially if tenants are smoking in your Houston Texas Rental Properties.

Smoking causes the following damage in a home:

Ventilation System – Since cigarette smoke also has moisture, cigarette smoke bonds itself to the air ducts and ventilation system in any home or space where someone is smoking.

Walls – Thanks to the tar and nicotine in cigarettes, smoke from cigarettes will also bond itself into flooring, walls and the furniture of your home.

Electronics – Cigarette smoke can also ruin electronic components over time, especially the systems which you may use to monitor the temperature or secure your home.

Habitability – Cigarette smokers will also affect the habitability of your rental properties, especially if you own multi-family units because, renters who don’t smoke cigarettes almost always do not want to live near other smokers.

Time for a No Smoking Policy

One of the best ways to insure that your Houston Texas Rental Properties stay smoke free is to create a no smoking policy for your properties.

Since the City of Houston already has a no smoking ordinance in place it pays to create a no smoking policy in place to protect the long term habitability of your rental properties.

Rent Your Houston Texas Rental Properties

For more information on how to efficiently manage your Houston Texas Rental Properties contact Vestpro Residential Services, LLC today by calling us at (832) 498-0016 or click here to connect with us through our website.

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.