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. 

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.

How to Find A-Rated Tenants for Your Houston Texas Rental Properties

Houston Texas Rental Properties

By Vetpro Residential Services

HOUSTON – One of the “secrets to success” with owning Houston Rental Properties is finding A-Rated tenants, or the perfect renter for your rental property.

In this article we will share with you simple tips you can use to easily find A-Rated tenants for your Houston Texas Rental Properties.

Go Through These Tenant Checks

When renting one of your Houston Texas Rental Properties to your tenants make sure you take the time to do the following checks with your prospective tenants:

  • Background check – Look deep into their background and confirm that the tenant doesn’t have any felonies.
  • Reference check – Don’t be afraid to ask tough questions about the prospective tenant’s behavior or habits including drugs, alcohol or tobacco.
  • Credit check – They should have a FICO score of at least 685 and or a credit score of 700.
  • Work reference check – Confirm that they really are working at the reference on their application.
  • Income qualification – Make sure they earn 2.5 times the rent.

Failing to do one or all of these checks can easily cost you money because it’s easy to “go with your gut feeling” about a prospective tenant when they might have something to hide and write wrong information on their rental application.

Market Your Property in the Right Venues

When marketing your Houston Texas Rental Properties make sure you market your properties online in the following venues which include:

Rentals.com

Zillow or Trulia

Realrentals.com

AHRN.com – Use for finding military families.

Har.com

Hotpads.com

Save Time and Money Marketing Your Houston Rental Properties

For more information on how to find A-Rated Tenants, or to market your Houston Rental Properties, contact Vestpro Residential Services by calling (832) 498-0016.

Should You Allow Smoking In Your Houston Texas Rental Properties?

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By VestPro Residential Services, LLC

You’ve worked hard to build your Portfolio of Houston Texas Rental Properties over the years but one of the biggest problems you could be facing in your rentals is smoking from tenants.

Why Smoking Will Be Bad For Your Rental Property

Although smoking is frowned on by the medical establishment, and the media, the reality is that smoking is still a problem, especially if tenants are smoking in your Houston Texas Rental Properties.

Smoking causes the following damage in a home:

Ventilation System – Since cigarette smoke also has moisture, cigarette smoke bonds itself to the air ducts and ventilation system in any home or space where someone is smoking.

Walls – Thanks to the tar and nicotine in cigarettes, smoke from cigarettes will also bond itself into flooring, walls and the furniture of your home.

Electronics – Cigarette smoke can also ruin electronic components over time, especially the systems which you may use to monitor the temperature or secure your home.

Habitability – Cigarette smokers will also affect the habitability of your rental properties, especially if you own multi-family units because, renters who don’t smoke cigarettes almost always do not want to live near other smokers.

Time for a No Smoking Policy

One of the best ways to insure that your Houston Texas Rental Properties stay smoke free is to create a no smoking policy for your properties.

Since the City of Houston already has a no smoking ordinance in place it pays to create a no smoking policy in place to protect the long term habitability of your rental properties.

Rent Your Houston Texas Rental Properties

For more information on how to efficiently manage your Houston Texas Rental Properties contact Vestpro Residential Services, LLC today by calling us at (832) 498-0016 or click here to connect with us through our website.

Humble Texas Rental Property – 3 Reasons Why You Want To Have Landlord Insurance

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By Vestpro Residential Services

If you’re just getting started with owning your first Humble Texas Rental Property one of the most important things you should do to protect your best interests is have landlord insurance.

Also known as rental property insurance, landlord insurance will be your first line of defense should a disaster like a flood or tornado occur which severely damages your property.

Own Rental Property With Confidence

Besides protecting your rental property from the effects of disaster, you will also be able to own a Humble Texas Rental Property with confidence in knowing that should your HVAC, heating, air conditioning or ventilation system need to be replaced you may not have to cover that cost.

How Much Property Insurance Coverage Do You Need?

When calculating how much property insurance coverage you will need, your carrier will use the Marshall & Swift / Boeckh calculation to determine the right coverage for you since this calculation also takes into account the square footage, elevator, boiler and any unique features your rental property may have.

What Exactly Does Landlord Insurance Cover?

Landlord insurance covers the “brick and mortar” (building) and the internal systems like the HVAC, but what’s also not commonly known is that landlord insurance will also cover trees and some furnishings inside the property as well.

Get Professional Property Management Services

As with landlord insurance, it’s also important for you to have professional property management for your Humble Texas Rental Property since a property manager will save you the time, money and hassle of managing your property yourself.

To learn more about the experienced property management team we can offer you contact Vestpro Residential Services today by calling us at (832) 498-0016 or click here to connect with us online.

Houston Texas Rental Property – 5 Tips For Getting Your Pool Ready For Use

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By Vestpro Residential Services

HOUSTON – Does your Houston Texas Rental Property have a pool and you know that your tenants are ready to start using it?

In today’s post we will share with you 4 tips you can use to get your swimming pool ready for use.

Make Sure Your Pool Is In Great Condition

Before filling your pool you should also confirm that it’s clean and safe for use by both adults and children.

When inspecting your pool you should also review your pool equipment as well to make sure that the operating system for your swimming pool will provide proper flow and suction of water.

Verify Water Chemistry

Once you’ve inspected your swimming pool, and you’ve filled it with water, you should next check the chemistry of your pool water to insure that your pool has the proper P.H, chlorine, calcium and other levels which all swimming pools must have to offer a safe experience for their owners or guests.

Insure That Your Pool Is Safe Before Use

Besides making sure that your Houston Texas Rental Property has a swimming pool which is ready and safe for use, you should also make sure that the pool is also safe especially if there are small children living at the property.

To insure the safety of your pool you should have a fence built around it with a gate because, this will insure that little ones will not be able to find their way into the pool when adults are not looking.

Confirm Proper Signage Around Pool

Last of all, but most important, make sure that your swimming pool is safe for everyone by confirming that it has proper signage on the gate or fence which includes the following information: lifeguard status, rules for the pool, phone location and information on if diving will be allowed at the pool or not.

Rent Your Houston Texas Rental Property

To rent your Houston Texas Rental Property contact Vestpro Residential Services by clicking here or calling us at (832) 498-0016.

Houston Texas Rental Property – Questions To Ask Before Building a Laundry Room

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By Grid Property Management

If you ask most tenants who live in Houston Texas Rental Property, they will tell you that they prefer to live in units which have a washer and dryer, or laundry room on site.

There’s no doubt that having a laundry room on site will help with keeping your units occupied longer and increase its value, but before you invest money into building a laundry room on site make sure you ask these questions.

Question #1 – Will My Tenants Actually Use This Laundry Facility?

The very first thing you should do before building a laundry room on site at your four-plex, or multi-family unit, is to speak with each of your tenants personally and find out if they would be open to using a laundry room if there was one on site.

You should also ask your tenants where they do their laundry now, and how much they are paying per load, so you have a better idea of what local laundromats are charging in the area.

Question #2 – How Many Washers and Dryers Will I Need?

To avoid overspending on washers, dryers, and other hardware, you should consider starting small and maybe buying two washers and dryers first.

Also another thing you can do to make adding more washers and dryers in the future easy is to add additional outlets and plumbing to your laundry room when it’s under construction.

Question #3 – What Will Your Laundry Room Hours Be?

As with any laundromat in Houston Texas Rental Property it’s important to have set hours for the laundry room in your Houston Texas Rental Property that way people know when they can use it. This will help to keep noise at a minimum in the evening and insure that all tenants respect the laundry facility.

Houston Texas Rental Property Management

For more tips on improvements you can make to your Houston Texas Rental Property, or to speak with us about our property management services, contact Vestpro Residential Services by clicking here, or calling us at (832) 498-0016.

Houston Texas Rental – Simple Tips for Maintaining Your Carpeting

Vestpro Residential Services

By Vestpro Residential Services

One of the most difficult parts of owning a Houston Texas Rental property is when the carpeting begins to wear out and will need to be replaced.

Everyone knows that carpeting can be very expensive to replace.

Most property owners will choose all hard surface flooring vs. carpeting in order to avoid the hassle and expense of having to deal with carpeting, but the reality is that the average renter likes the feel of carpeting under their feet when they wake up in the morning.

To save you the time, money and hassle of losing your carpeting investment here are 4 tips you can use to save the carpeting in your Houston Texas Rental Property.

Tip 1 – Install Half Carpeting and Half Hard Surface Flooring

One of the first things you do to save money in your Houston Texas Rental Property is to install half carpeting and half hard surface flooring in your rental.

Consider installing hard surface flooring in high traffic areas like: kitchens, bathrooms and entry points to the home.

Tip 2 – Add Floor Mats To Entry Points

Although most people add floor mats to the inside of most homes, you should consider adding a floor mat to both the inside and outside of each entry door to your Houston Texas Rental Property.

This will provide tenants and their guest multiple places for them to wipe their feet and eliminate the problem of more dirt getting trapped in the carpeting during the year.

Tip 3 – Purchase a Multi-Purpose Cleaning Machine

If your Houston Rental has multi-surfaces like carpeting and hard surface flooring you should consider purchasing a multi-surface cleaning machine which you can use to clean both hard surface flooring and carpeting.

Tip 4 – Clean Carpeting At Least Twice Per Year

Last of all, but most important, consider having the carpeting in your rental property cleaned at least twice per year.

This will help to maintain your investment in the carpeting you’ve purchased and also keep your tenants happy as well especially if they have allergies to dust or dirt in the carpeting.

For more tips on how to save money in your Houston Texas Rental Property, or to speak with us about our cost effective property management services, contact Vestpro Residential Services today by calling us at (832) 498-0016.