3 Things to Know About Investing in Houston Texas Single Family Homes

By VestPro Residential Services

Are you planning on investing in Houston Texas Single Family Homes? If so, you’ve come to the right place!

Now is a great time to invest in rental properties in the Houston area because mortgage interest rates are still historically low while demand for rentals is high.

If you’re ready to make an investment in single family homes, this article will provide you with tips you can use to do it effectively.

Know your investing criteria first

With any investment, be it stocks, bonds or real estate, you need to know what your objectives are. If you’re focused on safety and security, consider exploring low-risk investment homes that generate steady, reliable yield. An example of this may be a more expensive investment property in a good school district. You’re going to get a lower yield, but you may see better downside protection and less volatility. If you have a longer-term horizon or you’re seeking higher returns, you may want to take on a little more risk. Often, lower-priced homes will be riskier, but you may get higher yields and potentially higher long-term returns.

Don’t limit your investment property search to where you live

Consider this: If you lived in Atlanta, you wouldn’t buy Coca-Cola stock simply because its headquarters are local. The same principle applies to real estate investing. If your primary residence, income property, and job are all located in the same area, you have a lot of concentrated risk and are more vulnerable to the swings of the local economy. At my company Roofstock, an online marketplace for buying and selling leased single-family rental homes, we encourage people to spread risk by investing in markets outside of where they live. (Hiring a local property manager is key here.)

Diversification is just one reason to expand your investment property search. Another is access: If you live in an expensive urban or coastal area with relatively high home prices — the San Francisco Bay Area, for instance — finding an income property that’s cash-flow positive is going to be challenging, to say the least. You won’t be able to find a great income property for $100,000 in Seattle, Denver, or Oakland, Calif., but you can if the focus on the Midwest, South, and Southeast.

Separate investing from operations

One of the appeals of investing in single-family rental homes is you can hire strong local property management firms to handle day-to-day management tasks of rent collection, repairs and maintenance, and leasing. Over the past several years, property managers have adopted new technologies and business processes to manage homes more effectively for owners.

While some people do choose to self-manage, hiring a property manager can save you a lot of time and potentially money in the long run. While property management companies typically charge between 7% and 8% of the rent, they manage properties for a living and can work to ensure the property is leased, in good condition, and the tenants are happy. Additionally, using a local property manager effectively allows you to buy properties outside of where you live, as self-managing is difficult if the property is not nearby.

Get Property Management Here

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

What Is The Snowball Affect? How Can You Use It To Buy More Rentals?

Are you planing on buying your first rental in the Houston Texas area? If so, you’ve come to the right place!

In this article we will explain the importance of the “snowball affect” and how you can use it to grow your portfolio of rental properties

What Is The Snowball Affect?

Metaphorically, a snowball effect^[1] is a process that starts from an initial state of small significance and builds upon itself, becoming larger (graver, more serious), and also perhaps potentially dangerous or disastrous (a vicious circle), though it might be beneficial instead (a virtuous circle). This is a cliché in cartoons and modern theatrics and it is also used in psychology. – Wikipedia

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.

77338 Property Management

Are you searching for 77338 property management? If that is so, contact Vestpro Residential Services today by calling us at (832) 971-1841 or click here to connect with us online.

We offer professional property management service for Humble, Kingwood, Dayton, Atascocita and the surrounding area.

If you’re thinking about hiring a property management company in Humble Texas there’s nobody better to manage your rental properties for you than Vestpro, especially for these reasons.

#1 – Professional Property Marketing

Our team of experts will save you the time, money and hassle of marketing your rental property yourself. You can count on our 77338-property management company to market your rental everywhere online so that potential tenants who are interested in moving to the area will become aware of your rental property.

#2 – Tenant Selection & Placement

Once your rental property is listed online we will review applications and choose the most qualified tenant to live in your single-family home, condo, townhome or multi-family rental property.

#3 – Customer Service

Another HUGE benefit that will come from choosing our 77338-property management company is that our customer service will save you the time and hassle of answering the phone yourself and potentially having to deal with tenants at night or on weekends.

#4 – Rent Collection

Imagine never having to hear the excuse “the check is in the mail” from your tenants again. Thanks to our property management company rent collection will become a breeze and you will be able to have confidence that your rent payment will be deposited on time into your account each month without you having to collect the rent yourself.

Get 77338 Property Management Here

For professional 77338 Property Management contact Vestpro Residential Services at (832) 971-1841, connect with us through our website or through social media.

Humble Texas Property Management

Is it accurate to say that you are searching for Humble Texas Property Management? Provided that this is true, contact Vestpro Residential Services today by calling us at (832) 971-1841 or click here.

We have expertise in professional and dependable property management for Houston Texas and the surrounding area.

Get Humble Texas Property Management

On the off chance that you own investment property, you deserve to have our Humble Texas Property Management service professionally manage your rental property for you.

Our property administration group will make dealing with your investment property simple. You can depend on us to offer you the following services:

Tenant Selection
Tenant Placement
Rent Collection
Customer Service
Maintenance
Repairs

We Make Owning Rental Property Hassle Free!

Envision not taking calls from occupants again around evening time, or weekends. With our Humble Texas Property Management group, you can depend on us to be there for you, professionally dealing with your investment property and getting you the most ROI conceivable.

Enlisting a property management company costs significantly less than what you think! Besides being reasonable, our Humble Texas Property Management cost is equal to the cost of one Starbucks Coffee per every day.

Reasonable, Reliable and Trustworthy Property Management

Some property managers in the Humble Texas Area are not solid or dependable, they will take your cash and not furnish you with any genuine property management services.

Thankfully, with our Humble Texas Property Management Service, you can depend on us to do what we say and provide you with the best property management services possible.

Owning an investment property will never be tedious again or a pain! Give us a chance to show you how we will simplify your life with our professional property management services.

Get Humble Texas Property Management

For affordable Humble Texas Property Management contact Vestpro Residential Services today by calling us at (832) 971-1841 or connect with us through our site.

Will Your Rental Make More Money With A Laundry Room?

Thinking about building a laundry room at your rental property? Yes, it’s true that laundry rooms are a good investment to make but before you spend the money it’s important to ask yourself 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) 971-1841

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.

Get Property Management Here

For professional property management contact Vestpro Residential Services at (832) 971-1841 or CLICK HERE to connect with us online.

**Need property management? Click here!**

Simple Tips For Keeping More Renters

There’s no doubt that owning rental properties is a great way to generate long term cash flow and wealth but the reality is that if you’re consistently losing renters every year, instead of having long term renters, you may be dealing with more stress and loss of revenue than you should.

In this article we will show you how to finally break the cycle of losing renters every year and keep long term renters in your rental properties.

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.

At Vestpro we know that sometimes you don’t have the time or energy to focus on keeping your tenants satisfied and that’s where we come in.

With our full suite of rental services we can help you run an efficient property management business.

Get Property Management Here

For professional property management contact Vestpro Residential Services by calling us at (832) 972-1841 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.

Get Property Management Tips Here

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.

Tips for Turning Around a Problem Humble Texas Rental Property

By Vestpro Residential Services

Do you own a Humble Texas Rental Property that’s consistently been a problem for you? The problems can be anything from repairs, tenant complaints or problems with tenants who consistently pay their rent late.

Regardless of the reason, these are problems that make owning rental property a headache for anyone but the good news is that you can turn around that problem rental by following these simple tips.

Tip 1 – Check the Property for Needed Repairs

Does the property need repairs inside or outside?

Start with improving the curb appeal of your Humble Texas Rental Property then move to the inside of the home and focus on improving areas of your rental property like flooring, cabinetry, and lighting.

It may be that your rental property needs a good renovation and can be improved in one weekend by painting, refinishing the cabinetry and replacing an old tile or vinyl flooring to update its look.

Tip 2 – Review Your Reputation Online

Another effective solution for dealing with a problem property is to check your reputation online to see exactly what tenants may be saying about you or your rental property.

Tip 3 – Deal with Your Bug Problem NOW

Have your tenants complained about a bug problem at your Humble Texas Rental Property? If so, you should deal with this bug problem today because bugs can pose a health risk to tenants and a bug problem could also cause a tenant to move because they classify your rental as not being habitable.

Tip 4 – Improve Your Tenant Screening

Last of all, but most important, you should improve your tenant screening process including reviewing a tenant: credit history, work history, background and personal references.

A recent study by TransUnion shows us that residential evictions have reached a 5-year low point and this is thanks in large part to tenants having better control over their finances compared to years ago so there’s no reason to not have financially stable tenants for your rental property.

Get Property Management for Your Humble Texas Rental Property

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

Humble Texas Property Management – How to Avoid Losing Renters

By Vestpro Residential

Are you searching for Humble Texas Property Management information? If so, you’ve come to the right place! In this article we will share with you actionable tips you can use to avoid losing renters.

Avoid Constant Rent Increases

The first Humble Texas Property Management tips we can offer you is to not raise the rent with each lease renewal because, the reality is that it’s not always a wise decision to increase the rent especially if you have long term tenants since it does cost more money to find a reliable long term tenant than it does to keep a tenant.

Always Handle Noise Complaints

When it comes to your Humble Texas Rental Property you should always treat noise violations seriously because, just about every tenant has a very low tolerance for noise so you should address the noise problem if it’s coming from a neighbor on the street where your rental is located, or another tenant in your rental property.

Follow The Law If you have to Enter Your Rental Property

As long time Humble Texas Property Management professionals we can tell you that unauthorized entry is illegal in Texas and you have to follow the law if you plan on entering your rental property to show your rental to a prospective renter or get work done.

Always give your renters at least 24 hour notice in writing before entering your rental property and if you need to enter your rental property due to an emergency you should ask your tenant to sign a notice allowing you to enter the rental on short notice.

Don’t Allow Poor Maintenance

Last of all, but most important, another Humble Texas Property Management tip we can offer you is to never allow inadequate maintenance at your rental property because you will only be able to keep your tenants for so long before they become tired of living in a rental property that’s not been properly maintained.

Get Humble Texas Property Management

For the best Humble Texas Property Management contact Vestpro Residential Services today by calling (832) 971-1841 or click here to connect with us through our website.