Houston Texas Rental Property – Make Sure Your Stay On Top Of These Trends

HOUSTON, TX – Are you staying on top of the latest property management trends at your Houston Texas Rental Property? In this article, we will break down some of the latest trends that you should be on the lookout for the next time one of your properties comes up for rent.

Seniors Are Renting In Retirement

Did you know that more seniors are renting than ever before? That’s right, in 2016-2017 it’s not uncommon to find individuals over the age of 65 who are renting compared to 10 years ago when these same people were homeowners.

What’s also different about today’s senior citizens is that most seniors today want to stay active and prefer to live in areas where they can have easy access to transportation, cultural events, volunteer opportunities, community classes and trails for them to walk, hike or ride their bikes.

Multiple Generations in the Same Home

Another BIG change with today’s renters is that multiple generations are now living in the same home, and this includes seniors living with their adult children and grandchildren, so if you own a Houston Texas Rental Property that has dual living areas, this will be a major advantage since it will offer multiple generations living together the space they desire.

Houston Texas Rental Property
Houston Texas Rental Property

More Renters Work from Home

10 years ago the work from home trend was only just beginning and it wasn’t uncommon then to know someone who chose to work out of their home. In 2016-2017 times have changed and thanks to a recent study by Global Workplace Analytics we know that at least 25% of the U.S. population works from home.

How can you capitalize on this trend? If your Houston Texas Rental Property has a private office, ample storage space, or is wired for high-speed internet, you shouldn’t hesitate to promote these benefits when marketing your home online the next time it comes up for rent.

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

How To Add Curb Appeal To Your Houston Condo

Are you searching for curb appeal ideas for your Houston Condo? In this video you will see how easy it is to add curb appeal to a porch, make a small space inviting and best of all this can all be done on a budget.

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

Houston Condo And Apartment Marketing Strategies

By Vestpro Residential Services

HOUSTON, TX – Do you have a Houston Condo or apartment that’s coming up for rent soon? If so, you’re not alone. Now is the right time for you to start thinking about renting your property and you can get it ready for rent by following the tips in this article.

Tip #1 – Start Marketing Your Houston Condo 30 Days Before Your Tenants Moves Out

Yes, it’s true that every tenant doesn’t like to be bothered but, you have a business to run and one of the keys to success with owning rental properties is using your time wisely because you don’t want to risk your rental property sitting vacant for 30 days or longer.

Start marketing your rental at least 30 days in advance, before your tenant moves out because this will give you plenty of time to find and screen the right tenant. Before showing your Houston Condo just make sure that you deliver a written notice to your tenant 24 hours in advance so they are aware that one or more individuals could be entering the rental with you to view the property.

Tip #2 – Improve Curb Appeal Now

Thankfully, you don’t have to wait 30 days to start improving the curb appeal for your Houston Condo or Apartment you can start making those improvements now. Some of the improvements you can make to the exterior of your condo include: painting the front door, power washing the patio or walkway, planting new flowers in pots outside of the rental and if it has a small yard you should clean up that yard space.

Once your tenant moves out you should schedule any inside maintenance to be done the day after your tenant is out of the rental property.

Tip #3 – Great Pictures And Video Will “Sell” The Rental

If you plan on marketing your rental property online you should have professional pictures and video taken of your rental property because great pictures and video will help to sell your rental property to the right tenants especially if you plan on marketing your rental property on websites like craigslist.org or har.com.

Tip #4 – Listen To Your Tenants Recommendations

Last of all, but most important, when your tenant moves out you should listen to their recommendations for your rental property, especially if they include tips on what needs to be fixed in the rental because, these recommendations will save you the time, money and hassle of having to make repairs to your Houston condo after new tenants move in.

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

What Does A Houston Texas Property Manager Do?

What does a Houston Texas Property Manager do? This is one of the biggest questions that property owners who manage their own rental properties have had over the years because some owners are under the misconception that we just collect a check without doing much to actually manage their rental properties.

In this article, we will break down what a Houston Texas Property Manager actually does so you will be more aware of what to expect when hiring a property manager to manage your rental properties.

Houston Texas Property Managers Ease Stress

One of the first things that Houston Texas Property Managers do is ease the stress that you may have experienced with owning rental properties in the Houston area in the past because we are your first line of defense when it comes to making sure that your rental properties are rented to the most qualified tenants, rent is collected on time every month and your single family home, condo, townhome or apartment is professionally managed each month.

Houston Property Managers Insure Efficiency

From determining what your rental property should be rented for, to coming up with a marketing plan to market your Houston Rental Property, your property manager ensures efficiency and can be relied on especially when the time comes to make repairs so you don’t have to make any of those repairs yourself or come out to your rental property to manage repairs on your rental property.

Handle All Financials

With every move in your Houston Property Manager will professionally handle the financials for your rental property which includes placing the deposit in a trust account, making payments for owners (if needed), maintain historical records for the rental property, provide easy cash-flow statements on a monthly basis and annual reporting that has been structured for tax purposes.

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For professional Houston Texas Property Management contact Vestpro Residential Services at (832) 498-0016 or click here to connect with us online.

What To Know When Searching For Houston Texas Property Management Companies

Are you searching for Houston Texas Property Management Companies online? If so, you’ve come to the right place. Here’s what you should know when searching for a property management company.

Choose An Experienced Property Manager

Although most Houston Texas Property Management Companies claim that they are experienced when it comes to customer service, tenant retention, rent collection, maintenance and all of the day-to-day responsibilities that come with property management, you should take the time to review a company online to verify their experience.

You can do this online by searching the Better Business Bureau’s website or on social media websites like Facebook and Google my Business.

About Houston Texas Property Management Companies

Once you find a property management company that you’re interested in working with you should verify that they have actually have a team that specializes in maintenance, book keeping, and customer service because hiring a team will give you confidence that all aspects of your rental properties are professionally managed by a caring team of professionals instead of just one person.

Confirm That Your Tenants Can Pay Their Rent Online

Last of all, but most important, before continuing your search for Houston Texas Property Management Companies you should also confirm that the property management company offers their tenants the ability to pay rent online because, most renters are accustomed to paying their bills online and this will also make it easier for you to get paid as well.

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For affordable Houston Texas Property Management contact Vestpro Residential Services today by calling us at (832) 498-0016 or connect with us online.

Houston Texas Property Management – 3 Tips for Tenant Retention

 

By Vestpro Residential Services, LLC

As a long time Houston Texas Property Management company we can tell you without a doubt that tenant retention is one of the keys to success with owning profitable rental properties because, the longer you have your properties rented for means you will have long term cash flow from each rental property.

If you haven’t thought about what you can do to retain your tenants this article will provide you with 3 tips you can use for tenant retention.

Tip #1 – Practice the Art of Regular Communication with Your Tenants

Although you may have the best tenants in the world, you should always practice the art of regular communication with them because, regular communication with your tenants will not only show them that you care and appreciate their business, it will also encourage them to contact you should problems occur at your rental property that need to be fixed or resolved.

Houston Texas Property Management

Tip #2 – Offer Your Tenants Incentives

Another successful Houston Texas Property Management tip that we can offer you is to consider offering your tenants incentives for doing things like paying their rent on time to reporting maintenance problems or issues to you when they occur. Some of the incentives you should consider offering your tenants include: free Wi-Fi (depending on rental property), free memberships to local health clubs and gift cards from local grocery stores.

Tip #3 – Create a Referral Program

Last of all, but most important, in the world of property management we know that if a tenant is responsible, pays their rent on time and keeps their rental clean the chances are that they have friends or family members who have similar tastes and traits so if you want to get more great tenants like the one that you currently have you should consider starting a referral program which includes paying your tenants a “bounty” when they refer people to you who may be interested in renting one or more of your rental properties.

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For Houston Texas Property Management contact Vestpro Residential Services, LLC today by calling us at (832) 498-0016 or click here to connect with us online.

Is It Time For You To Consider Houston Property Management?

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There’s no denying that now is a great time to invest in local real estate thanks to great prices and low mortgage interest rates but as you grow your portfolio or rental properties you will also face more responsibility if you are managing those properties yourself and this is why you should consider Houston Property Management.

If you’ve been debating hiring a Houston Property Manager here’s how we can save you the time, money and hassle of managing rental properties yourself.

On Time Rent Collection

When you hire a Houston Property Manager you can rely on them for collecting your rent on time every month and either depositing the rent into your bank account or mailing you a check each month.

A property manager will also eliminate all rent collection delays and or excuses that traditionally come with rent collection for some owners plus insure that your rent is collected professionally each month without you having to go through the hassle of rent collection yourself. 

Professional Property Management

Your rental property will be professionally managed by a qualified property manager including all of the additional time consuming aspects of property management like maintenance requests and other service related issues.

Excellent Customer Service

Sometimes having an actual human being to call your tenants back matters most in the world of property management and when you hire a professional Houston Property Manager you can have confidence that all of your tenants will be responded to in a timely manner when they call or email the property manager.

Excellent Backup For You

Another benefit of hiring an experienced Houston Property Manager is that you can depend on them to be on top of any issues related to your property so that regardless if you live in Portland or are out of state your home or multi-family rental property will be professionally managed by caring professionals.

More Time to Grow Your Portfolio

Last of all, but most important, when you hire a professional Houston Property Manager you will have more time to focus on growing your portfolio of rental properties and focus on the next rental that you want to purchase for your portfolio.

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To learn more about our Houston Property Management Services contact Vestpro Residential Services today by calling us at (832) 498-0016 or click here to connect with us online.

 

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Rental Property Maintenance – Why It Really Matters

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Maintenance is one of the biggest things that most owners don’t budget for over the course of one year and sadly many people find themselves scrambling for money when their tenant calls to tell them that the water heater has gone out.

One maintenance call after another: when does it end? When you’re a property manager, maintenance costs can eat up a significant portion of your budget. However, you don’t need to get to a crisis point. If you’re wondering how to reduce your maintenance and repair costs, being proactive rather than reactive can yield the savings you need.

Avoid Extra Fees: Get There Before the Crisis Hits

We’ve all been there: the water heater cracks or the furnace quits in the middle of a winter’s night. These emergency repairs can be expensive. While these types of situations happen, being proactive with your repair and maintenance schedule can help you get there before the crisis hits and avoid huge emergency call-out fees. If larger troubles do arise, keep your warranties handy. Net Integrity recommends spending the extra money on warranties when purchasing large appliances, such as refrigerators or water heaters. The cost of expensive repairs or replacements will far outweigh the small expense you’ll pay upfront.

Ongoing Care Can Reduce Rental Property Maintenance Costs

Regular property maintenance includes everything from annual checkups for ACs and furnaces, assessing decks, railings and steps for repairs, and inspecting roofs for loose shingles. All of these services and more are items that you probably outsource, and all of them are activities that each of your properties will need one or more times a year. Being consistent about your rental property maintenance not only keeps you from being surprised by larger fees, it also allows you to set up a consistent fee schedule with your vendors. Standardizing your costs for specific repair and maintenance activities helps you manage your budget.

Source – Property Ware

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For professional Houston Texas Property Management contact RPM Central Valley today by calling us at (832) 498-0016 or click here to connect with us online.

 

Should You Make Improvements To Your Houston Rental This Year?

Vestpro Residential - Houston Texas Property Management

Your tenant just moved out of your Houston Rental Property and after doing the usual painting, carpet cleaning and other duties that you would do after a tenant moves out you’re starting to wonder if now would be a good time to do some renovations to your rental property because you would like to rent your property for more money.

In this post we will share with you the top 5 renovations you should consider making to your Houston Rental that will not only increase the value of your property but also enable you to rent it for more money.

Renovation #1 – Improve The Bathrooms

Since we all spend more time in bathrooms then we do in kitchens you should first consider investing some renovation money into the bathrooms in your rental property.

Bathtub – If your Houston Rental Property has an old shower / tub combination consider having that removed and replaced with just a stand alone shower or a soaking “garden tub”.

Sink – Consider replacing the bathroom sink with either a Jack and Jill style sink (depending on bathroom size) or if it’s a smaller bathroom you should think about replacing the old sink with a pedestal sink since these sinks economize for space and look stylish.

Flooring – Remove carpeting from the bathrooms in your rental property and replace with vinyl or slate flooring.

Tile – Although the tile in your bathrooms may still look in good shape the reality is that tile grout does carry bacteria depending on the age of the tile. You should consider having the tile regrouted and repainted or replace with another surface.

Renovation #2 – Make Some Improvements In The Kitchen

Sadly, many people who own rental properties in Houston and across the United States make the mistake of going “overboard” with their kitchen renovations.

To save you money in the ktichen here are some renovations you should consider:

Cabinets – Instead of replacing the kitchen cabinets you should sand them down and resurface or repaint them.

Knobs and Handles – Replace hardware on kitchen drawers and cabinets with new hardware.

Flooring – Save money on the flooring in your kitchen by replacing it with vinyl, slate or bamboo flooring.

Renovation #3 – Improvements For The Bedrooms

Since the bedrooms in most rental properties are “dark and dingy” you should consider adding more lighting in each bedroom like ceiling fans or recessed lights. It’s also a good idea to consider increasing the closet space in bedrooms as since closet space is what most renters will be looking for when they are viewing a rental property.

Renovation #4 – Work On Curb Appeal

Last of all, but most important, another great renovation that you can make to your Houston Texas Rental Property is improving the curb appeal.

Curb appeal is important because it’s what motivates renters to get out of their vehicles to view the inside of your property so if your rental has curb appeal that’s somewhat lacking you should consider making some curb appeal improvements by doing the following:

  • Add sod or grass in the front yard.
  • Paint any fencing that you may have in front of your home.
  • Remove trash, debris or garbage.
  • Replace your old mailbox.
  • Paint your front door.

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To get property management for your Houston Rental contact Vestpro Residential Services today by calling us at (832) 498-0016 or CLICK HERE to connect with us online. 

 

 

For Rent Houston – How To Modernize Your Landscape

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There’s no denying that renters are just as influenced by curb appeal as home buyers are and if your home or property for rent in Houston doesn’t have a modernized landscape this could be stopping more potential renters from viewing your property.

In this post we will share with you several tips you can use to modernize the landscape at your Houston Texas Rental property:

1. Eliminate structured hedge rows and reduce taller shrubs

Horsetail reeds that are planted in small groups offer a soft, flowing look. The reeds have jointed stems and are deep green, offering an interesting tropical look. They can be used in containers or contained in ponds, and stay green year-round. Also, shorten those six-foot-tall shrubs or remove them in favor of native plants. Get rid of trees that are confining and killing grass underneath.

2. Turn wear-and-tear areas into amenities

Straight concrete sidewalks or bare dirt paths and ugly drainage areas are an opportunity to create an eye-pleasing area in heavily traveled parts of the property. Create natural walking paths using crushed granite or flagstone, and add rock or design fake river beds around drainage areas that hold water.

3. Mulch with permanent materials

Mulching has changed, Lee says. Bark and brightly color mulches are out, and more permanent materials like gravel and crushed granite are favored. Also, dyed mulches that are dark brown or black give a more natural feel to beds and bordered areas. Using permanent materials reduces maintenance and does not require mulching as often.

4. Update types of plant material

Traditional hedge and plant materials should be replaced with native plants, grasses and ground covers to give a softer, calming look. Avoid planting in masses. Instead, space out plantings and create small groups of plant life. Also, leave the hedge clippers in the shed, and avoid making plants square or round. Introduce new plantings and use rock to reduce water requirements.

Lee says there are dozens of options with plants and materials to update landscapes even at the oldest of homes. A landscape consultant can help create a vision that, when implemented, will give the property a feel that it’s up with the times.

Source – Propertyware

Got A Property For Rent In Houston? Get Property Management Here

For more tips you can use to market your property for rent in Houston, or to get a property management quote contact Vestpro Residential Services today by calling us at