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What Are The Best Investments For You To Make In Your Single Family Houston Rental Property?

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. 

 

Posted by on September 22, 2015 in Property Management Tips

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Is Buying Too Many Houston Texas Rental Properties A Bad Thing?

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.

 

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