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 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.
Thinking about hiring a Kingwood Property Manager but don’t know who to call? If so, contact Vestpro Property Management today by calling us at (832) 971-1841 or click here to connect with us online.
We specialize in full-service property management so if you’ve been frustrated with managing your rental properties yourself, or you’re thinking about investing in another rental but don’t want the extra workload, there’s nobody better to call than Vestpro!
Full-Service Kingwood Texas Property Management
When you hire us to be your Kingwood Property Manager you can count on us to provide you with a full suite of property management services including:
Imagine no longer having to take calls from tenants at night, or on weekends! When you hire us to be your Kingwood Property Manager you can count on us to provide you with reliable service at excellent prices every time!
We Know the Kingwood Area!
Vestpro Residential Service is a local property management company that specializes in offering property management service for the entire Houston Texas metro area including Kingwood, Atascocita, Dayton, and Humble.
Instead of dealing with a faceless corporation, you hire Vestpro to be your Kingwood Property Manager you can rely on real local service from someone who really cares about your rental property.
It Makes Sense to Hire A Property Manager
It doesn’t matter if you’re buying your first rental property, or another rental to add to your portfolio, it makes good business sense to hire a Kingwood Property Manager because we will save you the time and money of managing your rental property yourself.
Hire A Kingwood Property Manager
For a free property, management quote contact us today at (832) 971-1841 or get a quote by clicking here to connect with us through our website.
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.
Are you searching for Kingwood Property Management? If so, you’ve come to the right place! At Vestpro Residential Services we specialize in residential property management for Kingwood, Humble, Atascocita and the surrounding area.
It doesn’t matter if you’ve been managing your rental properties yourself for a long time, or you’re just getting started with owning income properties, you need Kingwood Property Management because we will save you the time, money and hassle of managing rental properties yourself so you can focus on growing your portfolio of Real Estate investments.
Affordable Kingwood Property Management
Are you interested in Kingwood Property Management but aren’t sure that it’s worth the cost or investment? Our property management services cost a lot less than you think and once you start using our services you won’t want to start managing your rental properties yourself ever again.
Besides full property management, some of the services we can offer you include:
Tenant Screening – We will find the right tenants to live in your Kingwood Texas rental properties.
Tenant Placement – Once the right tenants are found, we will place those renters in your single family home, townhome or apartment rental property.
Rent Collection – Imagine no longer having to deal with tenants who don’t pay their rents on time. Thankfully, when you choose Vestpro you can count on us to collect rent on time each month and deposit it into your account.
Maintenance – When maintenance problems or issues arise at your rental property, you can count on our team to take care of those issues when they occur so you don’t have to spend your valuable time on maintenance yourself.
Get Kingwood Property Management
For the most affordable, professional and reliable Kingwood Property Management services, contact Vespro Residential Services today for a free consultation at (832) 971-1841 or click here to connect with us online.
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.