3 Things to Know About Investing in Houston Texas Single Family Homes

 

By VestPro Residential Services

Are you planning on investing in Houston Texas Single Family Homes? If so, you’ve come to the right place!

Now is a great time to invest in rental properties in the Houston area because mortgage interest rates are still historically low while demand for rentals is high.

If you’re ready to make an investment in single family homes, this article will provide you with tips you can use to do it effectively.

Know your investing criteria first

With any investment, be it stocks, bonds or real estate, you need to know what your objectives are. If you’re focused on safety and security, consider exploring low-risk investment homes that generate steady, reliable yield. An example of this may be a more expensive investment property in a good school district. You’re going to get a lower yield, but you may see better downside protection and less volatility. If you have a longer-term horizon or you’re seeking higher returns, you may want to take on a little more risk. Often, lower-priced homes will be riskier, but you may get higher yields and potentially higher long-term returns.

Don’t limit your investment property search to where you live

Consider this: If you lived in Atlanta, you wouldn’t buy Coca-Cola stock simply because its headquarters are local. The same principle applies to real estate investing. If your primary residence, income property, and job are all located in the same area, you have a lot of concentrated risk and are more vulnerable to the swings of the local economy. At my company Roofstock, an online marketplace for buying and selling leased single-family rental homes, we encourage people to spread risk by investing in markets outside of where they live. (Hiring a local property manager is key here.)

Diversification is just one reason to expand your investment property search. Another is access: If you live in an expensive urban or coastal area with relatively high home prices — the San Francisco Bay Area, for instance — finding an income property that’s cash-flow positive is going to be challenging, to say the least. You won’t be able to find a great income property for $100,000 in Seattle, Denver, or Oakland, Calif., but you can if the focus on the Midwest, South, and Southeast.  

Separate investing from operations

One of the appeals of investing in single-family rental homes is you can hire strong local property management firms to handle day-to-day management tasks of rent collection, repairs and maintenance, and leasing. Over the past several years, property managers have adopted new technologies and business processes to manage homes more effectively for owners.

While some people do choose to self-manage, hiring a property manager can save you a lot of time and potentially money in the long run. While property management companies typically charge between 7% and 8% of the rent, they manage properties for a living and can work to ensure the property is leased, in good condition, and the tenants are happy. Additionally, using a local property manager effectively allows you to buy properties outside of where you live, as self-managing is difficult if the property is not nearby.

Get Property Management Here

For effective property management contact Vestpro Residential Services at (832) 971-1841 or click here to connect with us online.

 

Dayton Texas Property Management

 

Do you need Dayton Texas Property Management? If this is so, make contact Vestpro Residential Services today by calling us at (832) 971-1841 or click here to connect with us online.

Our property management business will save you the time, money and hassle of managing your rental on your own, focus on adding more rentals to your portfolio, and building wealth without your rentals becoming a second job like they are too many owners.

Dayton Texas Property Management Made Easy

Imagine never having to take a call from your tenants again or taking time out of your weekend to make repairs to your Dayton Texas Rental Property.

With Vestpro Residential Services managing your rentals for you, you can always rest easy in knowing that our experienced team of property management professionals will cover all phases of property management for you including:

  • Collect the rent
  • Maintain your rental
  • Provide excellent customer service
  • Market your rental online
  • Select great tenants
  • And so much more!

Owning Rentals Should Be Easy….

When you own a rental property in the Houston areas, the income is supposed to be passive.

Sadly, for many people, the income from their rentals isn’t passive at all and takes a lot of their time and energy.

Thankfully, with Vestpro working as your Dayton Texas Property Manager you can have confidence that your rentals will make passive income for you once again while we handle all work associated with your rental on the back end.

Now is a great time to GROW your portfolio of rental properties in the area and you can do this by hiring an Dayton Texas Property Management company to handle all of your property management needs.

Don’t miss out on capitalizing on the demand for rental properties in Dayton TX and across the Houston area! Right now, could be the best time for investing in rental properties that we will see in a generation

Learn more about Vestpro Residential Services by contacting us at (832) 971-1841 or click here to connect with us online.

Dayton Texas Property Management
Property management is only a call away! Contact us today to learn more.