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.
By Vestrpro Residential Services, LLC
If you’re thinking about getting started with buying Houston Texas Rental Property one of the best things you can do is use the “snowball affect” to help you buy more real estate and build a successful portfolio of income producing rental property in the years to come.
Snowball Effect Explained
The “snowball” affect was coined by Berkshire Hathaway CEO Warren Buffett in his 2008 book called The Snowball which is about his life and investments which enabled him to build a network of well over $72 billion dollars.
Snowball basically refers to the principal of buying and holding onto your investment over time and then using your return on investment to invest more money to build your portfolio.
Snowball Effect in Real Estate Investing
Let’s say that you’re able to buy two Houston Texas Rental Properties and after expenses both properties will net you about $500 each per month, or an additional $12,000 of cash flow per year.
Now instead of spending that cash flow from your investments like most people will do you should consider saving the cash flow from your rental properties and within two years you will have enough money saved to put down on another Houston Texas Rental Property.
How the Snowball Effect Benefits You
One of the great things about the snowball effect is that if you follow this approach you would be able to buy a new rental property once a year, instead every two years, grow your portfolio, and have significant amount of cash flow coming in by the time you approach retirement.
Buy Houston Texas Rental Property
For more tips on buying Houston Texas Rental Property, 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.
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.