-
What Makes A Great Tenant?
Are you planning on buying rental properties in Houston or elsewhere in the United States? If so, like most owners you probably have asked the same question that been asked by owners over the years: “what makes a great tenant?”. In this article, we will answer this question and provide you with tips on how to choose the right tenant for your rental property. Review Their Financial Qualifications The first thing that makes a great tenant is their financial qualifications. Specifically, you should look at their credit report, bank statements, and contact their current employer to verify employment and income. When viewing an applicant’s credit report, although the actual credit…
-
How To Know When It’s Time To Hire A Property Management Company
Are you managing your Houston area rental properties yourself? If so, you most likely don’t have a lot of time in your day to do the things that you want to do. In this case, you should consider hiring a property manager. At Vestpro Residential Services, we will save you the time, money and hassle of managing your rental properties yourself. Some of the services that we can offer you include: Rent collection Maintenance Property Marketing And more! Learn more about the services we can offer you by calling us at (832) 971-1841 or click here to connect with us online.
-
How to get your rental property ready for spring
Even though it’s still winter one thing we know in the Houston area is that warmer weather is right around the corner. This is why it’s important for every owner to start planning for spring now. Here’s an action plan that you can use to get your rental property ready for spring. February February is a great time to finish general landscape cleanup and begin making plans for how the property should look during the growing season. Get a Plan. Assess the lawn, beds, trees and the general landscape and determine what needs to be cut back, removed, culled and reshaped. Plot a path and follow it. Apply pre-emergents. An…
-
Late Payments – How to Avoid Them and Get Your Tenants to Pay on Time
Ask any owner and they will tell you that late payments are literally killing their cash flow because, when the mortgage payment on their rental property is due, they will have to cover that cost themselves until their tenant pays their rent. Thankfully, avoid late payments is possible if you use the following strategy that will help you to get your tenants to pay their rents on time so you can start avoiding late payments all together. Enable Electronic Payments We’re a big fan of software that allows residents to make payments online, such as many property management software solutions. In this day and age, we’re all busy. Having to…
-
Property Management Tips – How To Regain Control Of An Out Of Control Rental Property
Hаvе уоu bееn working hаrdеr thаn еvеr bеfоrе to mаnаgе уоur Houston Tеxаѕ Rental Prореrtу аnd in spite оf thе demand for rеntаlѕ, уоu ѕtіll fіnd yourself bеhіnd fіnаnсіаllу еvеrу mоnth? If so, thіѕ іѕ a ѕіgn thаt уоu may hаvе lоѕt соntrоl оf your Houston Tеxаѕ Rеntаl, but thе gооd nеwѕ іѕ that уоu can turn things around financially bу fоllоwіng thеѕе ѕіmрlе tірѕ. Crеаtе аn Oреrаtіng Budgеt and Cоmmіt To It Your rеntаl income, еѕресіаllу іf you оwn a multi-family rental property, ѕhоuld аlwауѕ cover уоur expenses аnd lеаvе you with profit аt thе end оf thе month. The best wау tо ѕtау оn track fіnаnсіаllу is tо…
-
How to Make the Carpet in Your Rental Home Last Longer
If you’ve owned rental properties in Houston Texas or anywhere else in the United States for any length of time you know that it can be difficult at best to keep the carpeting in your rental for as long as possible because it will wear out after a period of time due to foot traffic and normal wear and tear. Thankfully, there are solutions that you can use to help your carpet last especially if you do the following: Combine A Hard Surface with Carpet at Entry Points One of the first things that you can do to help the carpet in your rental property last longer is combine a…
-
Should You Change the Locks After Your Tenant Moves Out?
One of the biggest questions that landlords have had over the years is if they should change the locks after their tenant moves out of their rental property. The answer to this question is yes, you should always change the locks to your rental property after your tenant moves out especially since they could have made a key while they lived there and that key could gain them entry back into the property after they’ve moved out. Other Times You Should Change the Locks to Your Rental Property Besides changing the locks after your tenant moves out of your rental property, you should also change the locks for the following…
-
Rental Property Move Out Checklist
Move-outs are typically one thing that many landlords handle poorly because most landlords are usually in a hurry to get their property listed online and rented to a new tenant as quickly as possible. Sadly, during the process of moving from one tenant to another, it’s possible that some landlords may miss damage caused to their rental property from their previous tenant and the opportunity to repair that damage before the next tenant moves in. Step 1 – Do A Walkthrough After your last tenant has moved out you should do a complete walkthrough of your rental property documenting the condition of the rental and any damage. Questions to ask…
-
Tenant Background Checks – Learn More About the Best Online Resources
If you’re just getting started with owning your first rental properties in the Houston area you may be tempted to go with your gut and rent to someone because you have a good feeling about them. This is a mistake that many landlords and owners make because they want to rent their properties quickly and not do their due diligence with doing a thorough background check on a prospective tenant. Thankfully, there are a variety of online resources you can use for tenant background checks that will make your life easier and provide you with an accurate background check on your prospective tenant. Where to Get A Background Check Online…
-
How To Buy Rental Property In A New Market
Are you planning on buying rental property in the Houston Texas area for the first time but you’ve never purchased property or lived here before? If so, you’ve come to the right place! The Houston TX area is a great place to buy rental properties because there’s been tremendous growth here over the last six months that’s why in this article we will share with you the things that you should be searching for in an investment property in a new market. Here’s What You Should Look For Job Growth Compared To Vacancy We look deeply at the job growth of an area and compare those figures to the local…
