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.

7 Tips for Getting Your Humble Texas Rental Property Ready for Rent

By Vestpro Residential Services

Are you planning on getting your Humble Texas Rental Property ready for rent? If so, make sure that your rental is ready to be toured by prospective renters by following these 7 tips

Tip #1 – Re-Key Your Locks and Change Alarm Codes – This is by far one of them most important things to do before renting your Humble Texas Rental Property because, you want to make sure that your old tenants cannot have access to your rental property, including the gate or mailbox after they move out.

Tip #2 – Professionally Clean All Carpets and Floors – One of the top things prospective tenants do not like is dirty floors and dirty carpeting so you should have them both professionally cleaned before showing your rental property.

Tip #3 – Clean Up Your Yard Space – If your Humble Texas Rental property has a yard space, you should clean it up (regardless of the size) because, you want prospective tenants to see it as a usable space that they can be excited about instead of seeing dead flowers, dying shrubs or an overgrown yard that may turn them away.

Tip #4 – Change Air Filters – Does you’re the HVAC or air conditioner at your Humble Texas Rental Property have filters? If so, you should replace them because, this will help your tenants to breathe easier, especially if they have allergies.

Tip #5 – Clean Your Rental from Top-To-Bottom – Another important thing that you can do to get your Humble Texas Home ready for rent is to thoroughly clean it from top to bottom because a dusty or dirty rental property may lead some renters to wonder what else may be wrong with the rental property.

Tip #6 – Inspect / Clean Ceiling Fans – Although ceiling fans can help to cool a home or keep it warm, they can also accumulate dust during the year and spread that dust around the home when they are turned on, this is why you should have those ceiling cans cleaned and serviced before tenants move in so you can have confidence that they are working properly.

Tip #7 – Let in The Light – Last of all, but most important, you should get your Humble Texas Rental Property ready for rent by letting in the light. To do this you should clean all windows in the home and replace light bulbs because more light can create a positive mental picture in the minds of potential tenants so they can see themselves living in 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 today by calling us at (832) 971-1841 or CLICK HERE to connect with us online.

Humble Texas Property Manager – Why Property Management Saves Time and Money

By Vestpro Residential

Are you thinking about hiring a Humble Texas Property Manager but aren’t sure if that’s the right decision to make? If so, you’ve come to the right place! In this article, we will share with you the top ways an experienced property manager will save you time and money.

#1 – Tenant Screening

An experienced Humble Texas Property Manager will save you the time, money and hassle of searching for and screening tenants yourself. Our experienced team of property management professionals will ensure that the tenants we choose have been checked thoroughly via a background check, credit check, job verification and more so you can have the fullest confidence in knowing that the best tenants are living in your rental property.

#2 – Customer Service

Once we’ve screened and found the right tenant for your rental property your Humble Texas Property Manager will provide the best customer service and support for the tenants who are living in your rental property so that they will always have someone to call when they need assistance instead of calling you.

#3 – Rent Collection

As your experienced Humble Texas Property Manager, we will also save you time and money when it comes to rent collection so you will never have to deal with the hassle of collecting rent yourself or dealing with tenants who don’t pay you on time.

#4 – Decrease Tenant Turnover

Another huge benefit that comes from hiring a Humble Texas Property manager is that we will decrease turnover at your rental property because when tenants have someone who they can call for problems, issues or concerns at the rental they are more likely to feel that their needs are being taken care of and will feel less inclined to search for a rental property elsewhere.

Contact a Humble Texas Property Manager

To learn more about our Humble Texas Property Manager contact us today by calling (832) 971-1841 or click here to connect with us online.

Humble Texas Rental Property – Three Steps for Turning around a Problem Property

Humble Texas Rental Property

By Vestpro Residential Services

You’ve owned Humble Texas Rental Property for a while and are building a nice portfolio of rental properties but there’s a problem, one of your properties is getting harder to rent than others and has a high vacancy rate.

Although it might seem like you have a “problem property” on your hands, the reality is that you can turn around any Humble Texas Rental Property 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 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 tenants: 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 Humble Texas Rental Property Management

For more information on how to turn around your problem property, or to speak with us about or property management services for your Humble Texas Rental Property, contact Vestpro Residential Services today by calling us at (832) 498-0016.

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.

Learn More about How the Snowball Effect Can Help You Buy More Houston Texas Rental Property

Houston Texas Rental Property

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.

Humble Texas Rental Property Management Tips

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By Vestpro Residential Services

In 2015 owning rental property is one of the best ways to build wealth and generate monthly cash flow.

If you’ve been thinking about buying a Humble Texas Rental Property here are 4 things you should do with every renter.

#1 – Be Consistent

One of the most important things you want to do with every person who rents one of your properties is to be consistent and follow the same procedures with each time with prospective renters.

For example: You should always run credit checks and background checks with each renter.

Although you might be tempted to “go with your gut” with some renters, it’s important to follow the same procedures every time you deal with a renter so you can avoid any claims of racism, sexism or favoritism from renters who you might not decide to rent to.

#2 – Check References

During the process of accepting applications from potential renters it’s also important to always check references including personal and job references because, it’s easy for a renter to make those references up just to be approved for a rental property.

#3 – Keep Good Documentation

Always keep copies of rental applications, take before and after pictures of a home, and do your best to thoroughly document conversations with tenants if problems arise because, keeping good documentation will also protect your best interests should problems arise with a tenant.

#4 – Take Good Care Of Your Rentals

Last of all, but most important, your tenants will be spending their hard earned money on your Humble Texas Rental Property because they want to live there so you as the property owner should do your best to take care of your renters and provide them with the best rental experience possible

Get Property Management Help for Your Humble Texas Rental Property

For more tips on how to get started with owning Humble 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.

Should Your Humble Texas Rental Property Offer Your Tenants A Backyard Experience?

Humble Texas Rental Property

By VestPro Residential Services

As someone who may own Humble Texas Rental Property you will be surprised to know that renters in 2015 are searching for homes with more than backyards, they want to rent homes which offer them the perfect backyard experience.

In today’s post we will break down what are the best backyard amenities for 2015 so you know exactly what amenities you should add to the backyard of your Humble Texas Rental Property.

Hot Backyard Amenities For 2015

Thanks to recent information from the American Society of Landscape Architects we know that renters in Humble Texas and across the United States are searching for the following:

  • Fire Pits
  • Outdoor Kitchens
  • Grills
  • Outdoor Seating Areas
  • Fireplaces
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More Than Green Space

One of the great things is that you can turn your backyard into more than just a green space.

You can turn it into a functional area for people to eat, cook, enjoy entertainment and life without having to get tens of thousands of dollars in debt since many the American Society of Landscape Architects study also confirmed that some home people regard an outdoor kitchen space as an entertainment area as well.

Many Budget Friendly Home Improvements Available

Let’s say that you want to renovate the backyard of your Humble Texas Rental Property but don’t have an extensive renovation budget to get started.

Here are five more renovation tips which will help you to get the most from your back yard

#1 – Create seating areas to establish multiple zones for entertainment, eating, sleeping and fun. During the process of creating seating areas don’t be afraid to use structures like gazebos to create the perfect back yard.

#2 – Use containers to integrate the garden into your backyard space.

#3 – Use a patio umbrella to create a shady area which can be used during the summer months.

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Get More Humble Texas Rental Property Tips

For more tips on how you can increase the value of your Humble Texas Rental Property, or to speak with us about our property management services, contact Vestpro Residential Services by clicking here to connect with us online or calling (832) 498-0016.