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.

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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 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.

Do You Respond Early To Your Houston Texas Rental Property Leads?

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By Vestpro Residential Services

HOUSTON – You’ve owned Houston Texas Rental Property for a while now but there’s a problem, with your job, family and other responsibilities it’s getting more difficult for you to rent your properties.

One of the biggest reasons why it could be getting harder for you to rent your Houston Texas Rental Property is because you are not responding to your leads early enough when they express an interest in your rental properties.

In this article we will share with you the reasons why you should be responding early to people who express an interest in your Houston Texas Rental Property and when are the best days / times to connect with leads if you are not able to call people back right away.

Why It Pays To Respond Early To Your Leads

Did you know that a recent Harvard Business Review study found that business owners who respond to their leads early are more likely to have a great conversation with those leads compared to other leads that they may not be able to connect with in 24 hours or longer?

The sooner you respond to interest or requests for information about your Houston Texas Rental Property the better because, you will be able to connect with renters who are interested in your rental before they move onto viewing another rental in Houston.

Best Days and Times to Call You’re Leads

Let’s say that you are not able to call your leads back right away but you are interested in speaking with them about your Houston Rental Property.

You should try calling your leads back on Tuesdays and Wednesdays between 8:00 am and 9:00 am or between 4:00 pm and 5:00 pm because these are traditionally the best days and times to reach people since this is when their schedules are generally beginning or ending for the day.

Save Time and Money with Property Management

To save time and money with renting your Houston Texas Rental Property, contact the property management professionals at Vestpro Residential Services today by CLICKING HERE to schedule a consultation through our website or by calling us at (832) 498-0016.

3 Reasons to Invest In Houston Texas Multi-Family Rental Property

Multi-Family Duplex

By Vestpro Residential Services

It’s April 2015 and now that we’ve made it through winter most people are recommending that you buy a rental property to add to your portfolio but what about Huston Texas Multi-Family Rental Property?

If you’ve never considered owning a multi-family rental property before here are 3 reasons why you should consider investing in one for 2015.

#1 – Multi-Family Rentals Are Always In Demand

After the recent economic crash the residential Real Estate market took a big hit across Houston Texas but the multi-family rental market remained stable.

One of the primary reasons why multi-family rentals continued to remain stable after the economic downturn is because many of those same people who once owned homes across Portland turned to apartments, townhomes and condos for rent.

Multi-family rentals are predicted to continue to stay in demand during 2015 and beyond as more renters especially Millennials and Baby Boomers are choosing to rent vs. buy property in Houston and across the united States.

#2 – Low Vacancy Rates

Another great aspect of owning Houston Texas Multi-Family Rental Property is that these properties tend to have low vacancy rates since some tenants will prefer to live in them for one year or longer.

This is good news for any property owner who wants to enjoy stable cash flow from their rental property.


 

#3 – A Profitable Investment

Last of all, but most important, when you own a multi-family rental property in Houston Texas you will also benefit from the fact that your rental will be a profitable long term investment for you since you will be collecting rent from more than just one unit and this means you will be able to pay off your rental quicker as well.

Houston Texas Multi-Family Rental Property

For more information about why a Houston Texas Multi-Family Rental Property is the right investment for you, or to speak with us about our property management services, contact Vestrpro Residential Services today by calling us at (832) 498-0016.