What tax impact will disasters have for Houston rental property owners?

Once it’s finished, 2017 will be remembered as one of the toughest years in recent memory especially thanks to Hurricane Harvey which formed on August 17th, carving a path of destruction in Houston and along the Gulf Coast until it dissipated on September 3rd.

What Tax Impact Will Natural Disasters Have For Property Owners In Houston?

When a major disaster occurs, the IRS normally tries to help the victims out by extending tax deadlines. After all, no one wants to have to worry about making tax payments or filing returns while their property is underwater or destroyed by a fire. For example, victims of Hurricanes Harvey, Irma, and Maria will not be required to make most types of tax payments and filings until January 31, 2018.

The IRS automatically identifies taxpayers located in a covered disaster area and applies the extended deadlines. Thus, to benefit from the extended deadlines, your rental property simply has to be located in a federally declared major disaster area. There is no need to ask the IRS for a deadline extension. You can determine if an area has been declared a disaster area by checking the FEMA website.

Deducting Losses from a Disaster

Insurance is always the first line of financial defense when disasters occur. However, not all rental properties are fully covered for losses due to natural disasters. Some types of losses may not be covered at all. For example, losses due to floods, hurricanes, and earthquakes may not be covered unless the property owner has obtained a supplemental policy. Even if a loss is covered, the property owner may still have to pay for part of the cost of repairing or replacing the rental property.

Fortunately, any uninsured casualty losses are deductible by rental property owners, subject to certain limitations. A “casualty” is damage, destruction, or loss of property due to an event that is sudden, unexpected, or unusual. Deductible casualty losses can result from many different causes, including (but not limited to):

  • Earthquakes
  • Fires
  • Floods
  • Government-ordered demolition or relocation of a building that is unsafe to use because of a disaster
  • Landslides
  • Sonic booms
  • Storms, including hurricanes and tornadoes
  • Terrorist attacks
  • Vandalism, including vandalism to rental properties by tenants
  • Volcanic eruptions

One thing that all of the events in the above list have in common is that they are sudden—they happen quickly. Suddenness is the hallmark of a casualty loss. Thus, loss of property due to slow, progressive deterioration is not deductible as a casualty loss. For example, the steady weakening or deterioration of a rental building due to normal wind and weather conditions is not a deductible casualty loss.

The Role of Insurance After a Disaster

A rental property owner may take a deduction for casualty losses only to the extent that the loss is not covered by insurance. If the loss is fully covered, there is no deduction. A property owner can’t avoid this rule by not filing an insurance claim. Indeed, a timely insurance claim must be filed, even if it will result in cancellation of the property owner’s policy or an increase in premiums.

The amount of the claimed casualty loss must be reduced by any insurance recovery received, or reasonably expected to be received if it hasn’t yet been paid. If it later turns out that the property owner receives less insurance than expected, the owner can deduct the amount the following year. If the owner receives more insurance payments than expected, the extra amount is included as income for the year in which it is received.

Amount of Casualty Loss Deduction

How much a rental property owner may deduct depends on whether the property was completely or partially destroyed.

If the property is completely destroyed (or stolen), the deduction is calculated as follows:

Adjusted basis – salvage value– insurance proceeds = Deductible loss

Adjusted basis is the property’s original cost, plus the value of any improvements, minus any deductions taken for depreciation or Section 179 expensing. The adjusted basis for rental buildings, land improvements, and landscaping are each determined separately. Adjusted basis should be easily found from a rental property’s depreciation schedules and/or tax returns filed for the property. Salvage value is the value of whatever remains after the property 
is destroyed; in cases of total destruction, this is often nothing.

If the rental property is not completely destroyed, the amount of the casualty loss is the lesser of 1. The property’s adjusted basis or 2. The decrease in the fair market value of the property due to the casualty, minus any salvage value and insurance proceeds.

An appraisal can be used to determine the reduction in fair market value of partly damaged property, as well as salvage value. Alternatively, the cost of cleaning up or making repairs after a casualty can be used as a measure of the decrease in fair market value if all of the following conditions are met:

  • The repairs are actually made
  • The repairs are necessary to bring the property back to the condition it was in before the casualty
  • The amount spent for repairs is not excessive
  • 
The repairs are for the damage only
  • 
The value of the property after the repairs is not greater than its value before the casualty

The amount of a casualty loss to rental property must be calculated separately for each item that is damaged or destroyed. This may include a rental building, landscaping, and other land improvements apart from the building. However, it is not necessary to separately deduct personal items inside a rental property, such as appliances.

Example of Casualty Losses

John’s rental building suffered wind damage due to a hurricane. The hurricane not only damaged the building, but damaged his landscaping—trees and shrubs—as well. John must separately calculate his casualty loss for the building and
 the landscaping. The adjusted basis of the building is $566,000. The trees and shrubs have an adjusted basis of $10,000. John hires an appraiser who determines that the fair market value of the building immediately before the hurricane was $700,000, and was $650,000 immediately afterwards. The fair market value of the trees and shrubs immediately before the casualty was $4000, and afterwards was $500. John’s insurance did not cover hurricane wind damage, so he expects to receive no insurance proceeds.

John calculates his casualty loss for the building as follows:

  • Adjusted basis of rental building before hurricane: $566,000
  • Fair market value before hurricane: $700,000
  • Fair market value after hurricane: 
$650,000
  • Decrease in fair market value: $50,000
  • Amount of loss (line 1 or line 4, whichever is less): $50,000
  • Insurance reimbursement: 
0
  • Deductible casualty loss = $50,000

John separately calculates his loss for the landscaping as follows:

  • Adjusted basis of landscaping before hurricane: $10,000
  • Fair market value before hurricane: $4,000
  • Fair market value after hurricane: 
$500
  • Decrease in fair market value: $3,500
  • Amount of loss (line 1 or line 4, whichever is less): $3,500
  • Insurance reimbursement: 0
  • Deductible casualty loss 
= $3,500

Deducting Losses in Federal Disaster Areas from Prior Year Taxes

Casualty losses are generally deductible in the year in which the casualty occurs. However, if a deductible casualty loss occurs in an area that is declared a federal disaster by the president, the property owner may elect to deduct the loss for the previous year. This will provide a quick tax refund, since the owner will get back part of the tax paid for the prior year. If the owner already filed the tax return for the prior year, an amended return for the year must be filed.

Casualty Gains

It’s quite common for a rental property owner to have a casualty gain rather than a loss. This occurs when the insurance reimbursement an owner receives exceeds the adjusted basis of a property that has been completely destroyed.

Example of Casualty Gains: Part 1

Sheila owns a rental building with a fair market value of $500,000. After years of depreciation deductions, its adjusted basis is $250,000. The building is totally destroyed in a fire. Sheila receives $480,000 in insurance proceeds. She has a $230,000 casualty gain.

A casualty gain is taxable income. However, the property owner need not pay tax on the gain the year it is received if the owner replaces the destroyed property and the cost exceeds the insurance recovery. Instead, the gain is postponed until the replacement property is ultimately sold or otherwise disposed of. The basis of the replacement property is reduced by the amount of this postponed gain.

To qualify as replacement property, the new property must be similar or related in service or use to the property it replaces. However, the rules are more liberal if the destroyed property was located in a federally declared disaster area. In this event, any replacement property acquired for use in any business is treated as replacement property. Moreover, the replacement property doesn’t have to be located in the federally declared disaster area.

To avoid paying tax on a casualty gain, the property must replaced within two years after the close of the first tax year in which insurance proceeds are received. However, if the property is located in a federally declared disaster are, this period is increased to four years.

The property owner doesn’t have to use the insurance proceeds to acquire the replacement property. Rather, the owner has the option of spending the money they receive from the insurance company for other purposes, and borrowing money to buy replacement property.

Example of Casualty Gains: Part 2

Assume that Sheila uses her $480,000 insurance proceeds to construct a new rental building. The new building cost $600,000. Sheila need not pay any tax on her $230,000 casualty gain since she reinvested her entire gain in replacement property. However, the basis of the new building is reduced by $230,000 to $370,000. This way, tax on the gain will have to be paid when Sheila ultimately disposes of the replacement property.

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Is Your Rental Scaring Away Renters? Click Here!

Have you put a lot of time, money and energy into your rental property only to find that it’s still not renting and you can’t figure out why?

Your Curb Appeal Is Scary

Take a look at the curb appeal for your Rental and think like a potential renter.

Are there overgrown trees or bushes?

Does the grass look like it hasn’t been mowed since last year?

If you answered yes to either of these questions it’s time to do a property clean up and do your part to improve the curb appeal of your rental property.

The Inside of Your Rental Property Is Scary

When was the last time that you spent 10 minutes inside your rental?

Does it have plenty of light inside? If not, lack of light can be sending potential renters away since light always helps to make the inside of a rental look brighter and cheery.

Consider improving the lighting in each room and also painting the rooms of your rental bright colors like yellow or green since bright colors will bring light to any room regardless if the room gets a lot of natural light or not.

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Tips for Getting Your Rental Property Ready for Fall Weather

Fall 2017 is officially here and with it comes a change in weather! If your rental property isn’t ready for the change in weather it could be left unprotected. Thankfully, you can get ready for fall weather simply by following the tips in this article.

Do end-of-season yard maintenance.This doesn’t just include raking the leaves (although that’s important, too!). It also means trimming the hedges, fertilizing the grass, trimming unwieldy branches, and removing any weeds or roots that may impact siding, patios, and walkways.

Pack up and store outdoor items.It may seem a little premature to do now–but if the recent spate of hurricanes is any indication of what the rest of this season will look like, it’s a good idea to start now. Clean, pack up, and store outdoor furniture, grills, and other items that could be damaged by late fall or winter weather. If your property is located in a hurricane-prone area, be sure to tie down any large items that could wash or blow away.

Drain water lines.If your property is located in a cold-weather climate, now is a good time to turn off the water leading to outdoor spigots. Turn off sprinkler systems and drain outdoor hoses to prevent water from freezing and bursting the lines.

Clear debris from gutters.One of the best things about fall is watching leaves transform into beautiful shades of red, orange, and yellow. But it only lasts for so long–and then those leaves fall, clogging gutters in the process. Be sure to clear all debris from rain gutters to prevent water from pooling–or worse, causing roof damage.

Inspect the roof.Climbing up a ladder and getting onto the roof is not for the faint of heart, but it’s a worthwhile exercise to ensure that the roof is in good condition when you’re heading into the winter months. Loose or missing shingles are easier to replace during the fall. Otherwise, you could face costly roof repairs caused by hail, sleet, and snow.

Seal windows and install storm doors.Aging seams and weather stripping around windows and doors often lets cold air in and warm air out. This drives up heating costs, which can add up for landlords and HOAs that pay for heat as part of their fees. Seal drafty windows and doors with caulk, install new windows if necessary, and swap out screens with storm doors and windows.

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Reasons To Hire A Property Management Company

Over time as you own more rental properties in Houston Texas and the surrounding areas you will find that it will become necessary for you to hire a property management company because, a qualified property management company will save you the time, money and hassle of managing your rentals yourself so you can focus on growing your portfolio of rental properties.

If you’re not sure that hiring a property management company is the right choice for you to make or not here are reasons to hire a property manager:

Set the Right Correct Rates for Your Rentals

One of the biggest problems many property owners face is setting the incorrect rates for their Income Properties.

We are your biggest asset in this area thanks to our market research, which will guarantee that we rent your properties for the right rates, insuring you have the right balance between stable monthly income and super low vacancy rate.

Collect Your Rent on Time

Another area where we will be an asset to your Income Property portfolio is rent collection.

Over the years we’ve developed the right internal systems which will insure that your rent is collected on time every single month and deposited into your account or mailed to you.

Effective Property Marketing

As you grow your portfolio of properties you will find that one of the most time consuming duties is marketing a home, plex or property when you have a vacancy.

Vestpro has solved this problem for you. Effective property marketing is another of our biggest assets which will save you the time and hassle of property marketing yourself.

Choose the Right Tenants for Your Properties

Last of all, but most important, at Vestpro we will choose the right tenants for your properties by performing the following tasks including: credit check, income verification and reference checks so you don’t have to.

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

 

 

Pool Safety Tips To Start Using Now

The “dog days” of summer are officially here and for the coming months we can expect temperatures in the Houston area to reach the triple digits.

If you own a rental property with a pool or spa area it’s more important than ever for you to be enforcing pool safety rules because not only will this protect your tenants, it will also protect your best interests as well and avoid any accidents, injuries or lawsuits at your swimming pool.

Pool Safety Tips You Should Start Using Now

  1. Install anti-entrapment drain covers. Make sure that your drain covers are compliant with the Virginia Graeme Baker Pool & Spa Safety Act of 2007. Virginia was the 6-year-old granddaughter of former Secretary of State James Baker. She was killed in 2003 when the suction from a hot tub drain caused her to drown. The federal law was named in her memory. Between 2012 and 2016, 17 people were trapped by drains, 14 of whom were younger than 15 years old. 2 of those victims drowned, both in residential spas.

  2. Use safety vacuum release systems with pool pumps. If the pump detects a change in vacuum pressure that could be caused by a person’s body, the pump will either shut off, or the system will inject air into the pump. This will free the person from the suction, thereby preventing drowning.

  3. Educate parents on community pool safety tips, including keeping children away from pool drains.

  4. Train staff on first-aid and lifesaving techniques. Have a Red Cross employee train your staff and any interested residents on community pool safety.

  5. Child-proof pool enclosures. Fencing around your pool area should be at least 4 feet high. Check for areas where older children could sneak through. Make sure that gates are self-closing and self-latching, with latches out of reach of very small children.

  6. Post community pool safety rules in a prominent location. In writing these rules, residential managers must balance community pool safety with the danger of discriminatory language. A blanket rule such as “No children under age 13” may not pass legal muster. This is particularly true in California, where we have at least two precedents: Iniestra v. Cliff Warren Investments, Inc. and Llanos v. Estate of Coelho. Both cases found that rules restricting children from using pool facilities without an adult, or keeping them away from adult-only areas, were overly restrictive and constituted prima facie discrimination. For more on this topic, check out our post Watch Your Language: What Can We Learn from Recent HUD Enforcement Actions?

  7. Enforce no-alcohol rules in your pool area. Give your security guards the authority to remove residents or guests who are disregarding community pool safety or abusing pool privileges.

  8. Don’t allow plugged-in devices anywhere near the pool deck or hot tub. You can also disable electrical outlets that are in close proximity.

  9. Prohibit glass containers in the pool area. One shattered glass endangers a lot of bare feet.

  10. Get a staff member certified in pool maintenance. Even if you subcontract pool maintenance out, it’s a good idea to have someone on staff educated in chlorination, sanitation procedures, and what it takes to maintain a busy swimming pool. Here’s a list of certified pool operator training programs from the Center for Disease Control and the National Swimming Pool Foundation.

  11. Check chlorine and pH levels at least twice a day with pool test strips. The Center for Disease Control recommends that you check for free chlorine (2-4 ppm) and bromine (4-6 ppm). The pH level should be between 7.2 and 7.8. This will prevent outbreaks of Legionnaire’s Disease, which can be caused by pathogens that develop in insufficiently sanitized water, and can spread via water vapor or droplets.

  12. Inspect pool equipment annually, such as pumps, drains, and heaters. Keep a logbook to track inspections.

  13. Inventory lifesaving supplies. Check to make sure that no one has stolen, vandalized, or lost your pool rings and rescue poles.

  14. Consider hiring a lifeguard. Outsourcing this to a lifeguard service may make sense from a liability perspective. Ensure that your vendor is insured and bonded. If your budget is tight, you can potentially hire a pool attendant rather than a trained lifeguard. You can learn about the differences between pool attendants and lifeguards on Guard for Life.

  15. Hire a pool management company. Again, a properly licensed, bonded, and insured pool management company can take the day-to-day load of pool maintenance off of your staff. It also relieves you of the hassle of storing large amounts of HAZMAT materials on-site. Furthermore, since they carry their own errors and omissions insurance as well as general liability coverage, their insurers will absorb any liability that may arise from pool-related incidents. A professional pool maintenance firm will also keep up with community pool safety-related federal, state, and local laws—something that your staff may not have time to do.

  16. Consider installing CCTV cameras to surveil your pool area. These systems are much less expensive than they used to be even a few years ago. They can feed directly to your security shed at night and help you to prevent after-hours incidents and lawsuits.

Get Property Management Here

For professional property management contact Vestpro Residential Services by calling us at (832) 498-0016 or click here to connect with us online.

 

Property Management Tips – How To Keep More Tenants

Searching for property management tips? If so, you’ve come to the right place! In this article we will offer you several tips that you can use for keeping tenants happy because a happy tenant will be someone who wants to renew their lease each year instead of searching for another rental property.

 

Tip 1 – Update Your Rentals

Most renters these days want to know that their landlords actually care about them, and are not just renting to get their money.

You can keep your Humble Texas Renters happy by updating your rental units.

Consider painting the inside and outside of your Humble Texas Rental Properties, replacing bathroom and kitchen sinks, improving curb appeal and adding more lighting outside.

Tip 2 – Make It Easier For Tenants to Contact You

Offer your Humble Texas Renters more ways to contact you including by your mobile phone or email.

Most renters won’t be calling, texting or emailing you 24-7, but they will like to have the confidence in knowing they can reach you should they have a question, concern or problem which needs to be resolved.

It’s also important to consider offering your tenants the ability to pay their rents online via your website or a 3rd party payment platform so you can speed up the process of getting paid and won’t have to deal with the age old problem of collecting checks from your tenants.

Tip 3 – Offer Perks For Tenants Who Renew Their Leases

Last of all, you should consider offering perks to tenants who are considering renewing their leases.

Some perks to consider offering are: 3-6 month gym memberships, restaurant gift cards, basic satellite TV or Wi-Fi for 6 months or free rent for one month.

Property Management Tips

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For more property management tips or for affordable property management for Houston Texas or the surrounding area contact Vestpro Residential Services by calling us at (832) 498-0016 or click here to contact us through our website.

 

Planning for retirement? Why not buy an investment property?

Is your retirement around the corner and you’re searching for income producing investments to add to your portfolio? If so, why not add rental properties to your portfolio?

There’s never been a better time than right now to invest in Real Estate especially since more people continue to move to Texas every day and as an investor you will be able to capitalize on the demand for rental properties by investing in Real Estate.

Tips For Investing In Rental Properties

Gather as much information as you can. Talk to other investors, mortgage brokers andreal estate agents who have worked with income property about what owning a rental property is really like, in addition to reading books and articles on the topic. “It’s all about obtaining knowledge,” Rodriguez says.

Decide if you’re ready to be a landlord. Buying and managing property yourself provides the greatest return but also the greatest headaches. “Do you have the stomach for being a landlord?” Fleming says. “Stuff’s going to happen that just really ticks you off.” Other, less active options include becoming a partner in a limited liability company that owns properties or buying into a real estate investment trust.

Crunch the numbers carefully. A rental property is only a worthwhile investment if it makes money. Yes, the property may rise in value and yield a profit when you sell, but it also may lose value depending on which way the market goes. “If you’re banking on just appreciation, it’s really hit or miss,” Alexy says.

Make sure you have enough cash. Getting rich on real estate with no money down is a great dream, but it’s almost impossible to accomplish. Expect to need a sizeable down payment, reserves to pay for repairs and maintenance and a good income before you start investing.

Property Management Makes Owning Rental Properties SIMPLE

Before managing your rental properties yourself, learn more about how affordable property management is by calling Vestpro Residential Services at (832) 498-0016 or click here to connect with us online.

 

DIY Property Management Is HARD! Make it easy by calling Vestpro at (832) 498-0016 or click here to connect with us online.

How often should your Houston TX rental property be inspected?

If you’re like most owners you’ve probably wondered how often should you have your Houston TX rental property inspected.

Should you have it inspected every three months, six months or one year? In this blog post we will answer this question and provide you with more property management tips.

How Often Do I Need a Rental Home Inspection?

So how often should you schedule a rental home inspection? It depends upon several factors:

If you have crawlspaces or a basement, you might want to invest in a rental home inspection every 2-3 years, or each time your property comes up for re-rental. You may also want to inspect this more frequently if you have older plumbing or wiring, or if your home is in an area with a lot of moisture, an extreme climate, or both.

If your home is newer and was professionally inspected when you bought it, and you don’t have major weather extremes, you can probably get away with a longer inspection cycle.

If your home has never been professionally inspected since you’ve owned it, do it now.

Another reason to have a rental home inspection is if you are planning a major renovation project anyway. Why? You don’t want to have already committed thousands of dollars to a bathroom remodel only to discover that you need to replace your furnace. Conduct a reconnaissance before you march.

Get Houston Texas Property Management Here

For affordable and professional Houston Texas property management contact Vestpro Residential Services by calling us at (832) 498-0016 or click here to connect with us online.

 

 

 

 

Tenant Screening – Changes You Need To Know

There’s no doubt that tenant screening can be one of the most complicated aspects of owning rental properties because you have to follow the requirements of the Fair Housing Act and not offend anyone. 

In 2017 tenant screening has gotten a little more complicated for owners thanks to recent policy updates from the Department of Housing And Urban Development.

HUD rolled out a 10-page policy update last year advising all landlords and property managers that using criminal history for the purpose of tenant screening may actually be discriminatory. HUD notes that nearly one-third of the U.S. population (or 100 million U.S. adults) have a criminal record of some sort, and the misuse of background checks during the tenant screening process can hinder their ability to find safe, secure, and affordable housing—a key aspect of rehabilitation. Sometimes, even those who have been arrested but not convicted have difficulty securing housing based upon their prior arrest.

Black and Latino Americans are disproportionately affected, the memo notes, as they are incarcerated at rates disproportionate to their share of the general population. Black and Latino individuals comprise an estimated 58% of the U.S. prison population, despite accounting for only 25% of the total U.S. population.

Consequently, the memo states:

Criminal records-based barriers to housing are likely to have a disproportionate impact on minority home seekers. While having a criminal record is not a protected characteristic under the Fair Housing Act, criminal history-based restrictions on housing opportunities violate the Act if, without justification, their burden falls more often on renters or other housing market participants of one race or national origin over another (i.e., discriminatory effects liability). Additionally, intentional discrimination in violation of the Act occurs if a housing provider treats individuals with comparable criminal history differently because of their race, national origin, or other protected characteristic (i.e., disparate treatment liability).

This does not mean that criminal history cannot be considered at all during the tenant screening process. Instead, HUD is basically telling landlords and property managers:

You cannot institute a blanket ban on all applicants with a criminal history.

You cannot reject a tenant based upon an arrest that did not result in conviction.

You must treat comparable criminal histories similarly without consideration of race, national origin, or other protected classes.

Because Black and Latino Americans are incarcerated at higher rates than their peers, any blanket policy for tenant screening that bans applicants with a criminal history would inadvertently discriminate against minorities. HUD cites a Supreme Court decision in reminding us that simply being arrested often has little probative value in showing that someone has actually engaged in misconduct—which is why arrests without convictions should not be used as the basis for denying a tenant.

Convictions are treated differently. Landlords and property managers may reject an applicant whose background check reveals that he/she has been convicted of a crime. There’s one big caveat: The landlord or property manager must show that excluding a person with a conviction achieves a “substantial, legitimate, nondiscriminatory purpose.” To put it simply, you have to distinguish between criminal activity that creates a demonstrable risk to resident safety and/or property, and criminal conduct that does not.

Given the new HUD guidelines, landlords and property managers should consider the following questions when reviewing a person’s criminal history:

Was the applicant convicted of a crime, or were they just arrested?

What was the severity of the crime?

How long ago was the crime committed?

Has the person reoffended since their original conviction?

Was it a drug-related crime? (HUD allows a blanket ban on those who have been convicted of illegal drug manufacturing or distribution.)

New Guidelines for Tenant Screening

HUD’s new policy memo has the downside of making the tenant screening process more complicated than it already is. It muddies the waters in terms of how landlords and property managers evaluate criminal history, as there is no guidance on which crimes should generally considered acceptable and which are not. Landlords and property managers are asked to use their discretion, with the memo acknowledging the need to look at circumstances on a case-by-case basis.

Here are a few tips to help you to comply with the new guidelines:

Screen tenants based on their financial and other qualifications first. Only conduct a background check if a person appears to be otherwise qualified. This will protect you from denying a tenant based upon another qualification, and having the tenant argue that they were denied based upon their criminal background.

If a background check reveals a criminal history, evaluate the nature of the crime (see questions above). If you plan to deny a person based upon this information, put a note in your internal file explaining why you felt a denial was appropriate (e.g. how this protects you, other tenants, and the property). Sign and date the note. This will protect you if the applicant ever alleges discrimination.

Review all existing rental policies and applicant screening procedures. Some landlords or companies may be facing a complete overhaul given the new HUD guidelines. Be sure that all members of your team clearly understand the new policies so they can be implemented uniformly by all.

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For affordable and professional property management contact Vestpro Residential today by calling us at (832) 971-1841 or click here to connect with us online.

 

 

tenant screening

New Year Resolutions – Hire A Houston Texas Property Manager In 2017

By Vestpro Residential Services

HOUSTON, TX. – With the 2016 holidays officially over many people will be coming up with their New Year’s Resolutions for 2017 and if you own rental properties in Houston one of the best resolutions you can make is to hire a Houston Texas Property Manager in 2017 especially for these reasons.

Saves You Time And Money

An experienced Houston Texas Property Manager will save you the time of managing your rental properties yourself especially when it comes to day-to-day tasks like rent collection, customer service, and maintenance because these are all tasks that you will no longer have to do yourself.

You will also save money when you hire a Houston Property Manager because you won’t have to chase down tenants when they don’t pay, or make repairs to your rental property yourself because our team of trained professionals will complete those property management tasks for you so you can focus on growing your portfolio of rental properties.

Property Management Makes Life Easier

Let’s face it, as you purchase more rental properties you can expect to have more responsibilities but with an experienced Houston Texas Property Manager you can focus on the things that matter for you like spending time with your family, enjoying life and growing your rental property portfolio knowing that the everyday tasks of property management are being handled for you on the back end.

To learn more about our property management services contact Vestpro Residential today by calling us at (832) 971-1841 or click here to connect with us through our website.