Other People’s Money – Learn more about how this Real Estate investing principle works

Consider the goal of funding a child’s college education in the future. If “other people’s money” in the form of a scholarship is not a possibility, there still may be another way to use some “other people’s money.”

The Power Of Other People’s Money

A $25,000 investment into a mutual fund paying 5% would earn $1,250 in the first year. Alternatively, the $25,000 as a 20% down payment to purchase a $125,000 rental home appreciating 3% a year would have gone up by $3,750 or three times that of the mutual fund in the first year.

The mutual fund’s growth depends on the value of the money invested. Rental real estate benefits because a 20% down payment controls a much larger asset because you’re using “other people’s money.” Leverage allows the investor to profit not only from the amount of cash invested but from the value of the investment.

How Other People’s Money Pays Off 

With a 20% down payment and current interest rates, a typical rental would have a positive cash flow. In ten years, the equity could be $75,000. On the other hand, the $25,000 initial investment in a mutual fund earning 5% annually would only grow to about $40,000 in the same 10 years. It would require an additional $2,700 each year to reach the same $75,000 value.

Leverage is just one of the many benefits that make rental real estate the IDEAL investment. Whether you are saving for higher education, retirement or wealth accumulation, consider rental real estate. Using single-family homes as investments are attractive because homeowners have a better understanding than many other investments and self-management is a possibility.

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For professional property management contact Vestpro Residential Services by calling us at (832) 498-0016 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.

Property Management Tips

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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 Selecting Your First Rental Property

By Vestpro Residential Services

Are you planning on buying your first rental property? If so, you’re not alone. Now is a great time to buy a rental property because mortgage interest rates are still low and demand for rentals remains high especially in cities like Houston.

In this article, we will share with you several tips you can use to successfully purchase your first rental property.

Determine the Specifics of The Rental You Are Searching For

Before choosing a rental property it’s important to first determine the specific of what you’re searching for in a rental property including the location that you want to own a rental, because in most cities rental properties that are located close to downtown or close to colleges will rent for more money than rentals in suburban areas.

Set Your Budget

Since prices for Real Estate in many cities have reached all-time highs you should set your budget before you start searching for rentals because in this real estate climate it’s very easy for any buyer or first-time investor to overspend.

Create A List of Properties to View in Your Target Areas

Once you know the specifics of the property you’re searching for, and you’ve set your budget, you should next create a list of properties that match your criteria because this will help you to simplify your search especially when you use online tools to find suitable rental properties.

Some criteria that you should consider applying to your search for rental properties include:

  • Bedrooms – The single-family home, condo or duplex should have at least 3 bedrooms.
  • Bathrooms – 2 bathrooms are recommended.
  • Square Feet – Home should have no less than 1,200 square feet.
  • Age – The property shouldn’t be older than 60 years old since renovation or demo may be required due to removing things like radon and asbestos from the home
  • Rent – Property should rent for a minimum of $1,200 per month 
  • Garage – 1-car garage is preferred

Save Time and Money with Experienced Property Management

Once you find the right rental property don’t attempt to manage it yourself, save the time, money and hassle of managing rental properties by hiring our experienced and professional property management team.

Contact Vestpro Residential Services today by calling us at (832) 498-0016 or click here to connect with us online.  



Rental Property

Tips for making your rental energy efficient

One of the keys to success with owning rental properties in 2017 is offering a rental property that’s also energy efficient because, these types of rentals will be more attractive to millennials and other renters who want rental properties that won’t come with expensive energy costs each month.

In this article we’re going to provide you with easy tips you can use to create an energy efficient rental property.

How to Make Your Home More Energy-Efficient: Tip #1

Reduce Drafts

One of the easiest ways to make your property more energy-efficient is to reduce the amount of air that comes in or out of the home unintentionally. Drafts force tenants to turn up the heat; and at the end of the month, they’re the ones who pay for it.

Reduce drafts and energy bills with the following fixes:

  • Exterior doors: There are a number of ways to stop drafts from sneaking under the bottom of the door. We recommend sealing doorways with inexpensive solutions like draft stoppers, foam tape, or door sweeps.
  • Windows: Old windows are especially prone to letting drafts in. If you’re not ready to replace them just yet, check out this weather stripping tutorial for an affordable solution.
  • Fireplace door: If your unit has fireplaces, whether or not they’re actively used, fireplace doors block drafts from entering your home. Sam Wilhoit of Brick-Anew explains, “[Fireplace doors] were originally designed so that a person could let the fire die down and then close the doors before they went to bed. That way the room would not be freezing cold the next morning from the cold air that came into the room.”Choose clear or tinted glass to accent your space.

For both doors and windows, your best bet could be to replace them, as we suggested in last week’s post on energy-efficient updates. This reduces drafts while also boosting the property’s security and aesthetics. You can also mention that your unit has brand new doors and windows in your rental listings.

How to Make Your Home More Energy-Efficient: Tip #2

Install Energy-Efficient Bulbs

Lighting is an important area to focus your attention because “an average household dedicates about 5 percent of its energy budget to lighting,” according to Energy.gov. As a result, they explain, “Switching to energy-efficient lighting is one of the fastest ways to cut your energy bills.”

Start by replacing bulbs in the 5 most frequently used light fixtures in your home. In doing so, Energy.gov says, you could save $75 each year. Consider which rooms are used most–likely the bathroom, kitchen, and living room are at the top of the list–so you can make the most of this investment. In addition to indoor lamps, consider replacing bulbs in outdoor lighting that might be left on for a long time.

Compact fluorescent lamps (CFLs) and light-emitting diodes (LEDs) are two of the most popular options, with LEDs using just 20-25% of the energy used by traditional incandescent lightbulbs. “For high-quality products with the greatest energy savings, choose bulbs that have earned the ENERGY STAR,” suggests Energy.gov. New bulbs will last longer and improve energy efficiency–a win-win.

How to Make Your Home More Energy-Efficient: Tip #3

Choose One Big Upgrade

Upgrading to energy-efficient appliances is expensive. It’s a hard investment to justify as a landlord who’s worried about how potential renters will treat these valuable items. Instead of investing in all new appliances at once, start with one big upgrade. Which one should you start with? According to Direct Energy, these 4 appliances pack the biggest savings punch:

  • Washer: $40/year and $415/lifespan
  • Air purifier: $27/year and $215/lifespan
  • Clothes dryer: $16/year and $160/lifespan
  • Air conditioners: $11/year and $99/lifespan

If you don’t have the extra cash to replace old appliances just yet, focus on downgrading wherever possible. “Make an effort to buy appliances that suit your needs–no bigger and no smaller. Oversized air conditioners, water heaters and refrigerators waste both energy and money,” explains Mary Boone on Zillow.

When all is said and done, don’t forget to update rental listings to feature any upgrades you’ve made. Use buzzwords like “eco-friendly,” “environmentally friendly,” “green,” “sustainable,” and “energy savings” to pique the interest of tenants that care most about these features–and highlight the money it’ll save.

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For professional property management for your rental properties contact Vestpro Residential Services today by calling (832) 498-0016 or click here to connect with us online.


Property Management Tips – How to cleanly remove popcorn ceilings

Are you planning on buying another rental property but you noticed that it has popcorn ceilings?

Even though a popcorn ceiling can be tedious to remove the reality is that it can be done cleanly / efficiently by following the tips in this video.

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No time to continue managing your rental properties yourself? No problem! Contact Vestpro Residential Services today by calling us at (832) 498-0016 or click here to connect with us online.


Property Management Tips – How to remove a stain from carpet

One of your rental properties just came up for rent and after inspecting it you’ve found that more than one room in the property has stains in the carpeting.

What do you do?

Hire a professional carpet cleaner to clean the carpet?

The good news is that you can easily remove stains from any carpet yourself simply by following the tips in this video.

Get Property Management Here

No time to manage your rental properties yourself? No problem! Get professional property management by calling Vestpro Residential Services by calling us at (832) 498-0016 or click here to connect with us online.

Best Tips For Newbie Landlords

Just getting started with owning your first rental properties? If so, you’ve come to the right place. In this article we will share with you or best tips for newbie landlords who have just purchased their first rental properties and are now faced with the task of dealing with tenants.

1. Screen Tenants

Don’t rent to anyone before checking credit history, references, and background. Haphazard screening and tenant selection too often results in problems — a tenant who pays the rent late or not at all, trashes your place, or lets undesirable friends move in. Use a written rental application to properly screen your tenants. For more information, see How to Screen and Select Tenants FAQ.

2. Get it in writing.

Be sure to use a written lease or month-to-month rental agreement to document the important facts of your relationship with your tenants — including when and how you handle tenant complaints and repair problems, notice you must give to enter a tenant’s apartment, and the like. For what to include in a lease or rental agreement, see Ten Terms You Must Include in Your Lease or Rental Agreement. Not sure which to use? See Whether to Use a Lease or Rental Agreement.

3. Handle security deposits properly.

Establish a fair system of setting, collecting, holding, and returning security deposits. Inspect and document the condition of the rental unit before the tenant moves in, to avoid disputes over security deposits when the tenant moves out. For more information, see Leases and Rental Agreements FAQ.

4. Make repairs.

Stay on top of maintenance and repair needs and make repairs when requested. If the property is not kept in good repair, you’ll alienate good tenants, and tenants may gain the right to withhold rent, repair the problem and deduct the cost from the rent, sue for injuries caused by defective conditions, and/or move out without needing to give notice. For more information, see Repairs, Maintenance, and Entry to Rented Premises.

5. Provide secure premises.

Don’t let your tenants and property be easy marks for a criminal. Assess your property’s security and take reasonable steps to protect it. Often the best measures, such as proper lights and trimmed landscaping, are not that expensive. For more information, see Criminal Acts and Activities: Landlord Liability FAQ.

6. Provide notice before entering.

Learn about your tenants’ rights to privacy; see Repairs, Maintenance, and Entry to Rented Premises. Notify your tenants whenever you plan to enter their rental unit, and provide as much notice as possible, at least 24 hours or the minimum amount required by state law. For state-by-state information, see Chart: Notice Requirements to Enter Rental Property, State by State.

7. Disclose environmental hazards.

If there’s a hazard such as lead or mold on the property, tell your tenants. Landlords are increasingly being held liable for tenant health problems resulting from exposure to environmental toxins in the rental premises. For more information on lead, see Lead Disclosures for Rental Property FAQ. Check your state law for other landlord disclosures. – Learn more here!

Save Time And Money Here!

No time to manage your rental properties yourself? No problem! Get professional property management by calling Vestpro Residential Services by calling us at (832) 498-0016 or click here to connect with us online.


Planning for retirement? Why not buy an investment property?

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.


DIY Property Management Is HARD! Make it easy by calling Vestpro at (832) 498-0016 or click here to connect with us online.

Are you showing your appreciation to your loyal tenants?

During the process of owning rental properties in the Houston Texas area, or elsewhere in the United States, one of the very best things you can do is show your appreciation to your loyal tenants because, it’s easier to keep a long term tenant than it is to put your rental property back on the market and search for new renters that’s why in this article we will share with you our tips for showing your appreciation to your loyal tenants.

Host events

Hosting an event redefines your presence with your tenants. Beyond the person who collects their rent checks every month, you become a friendly and generous person. Bringing tenants together is both fun and fosters a sense of community, making them feel +more comfortable and connected to their residence. When people have personal ties, it makes leaving a less casual decision.

One great option is a summer barbecue. Even if you only have a few tenants, inviting them to a local park for a day of food and fun can adds the kind of personal touch to your business that will go a long way in bridging the gap between you and your tenants, and even between the tenants themselves. However, you should express caution where food is involved. Be aware of any food allergies or special diets among your guests. Have a black bean patty ready for your vegan tenant, or a lactose free cheese for your lactose-intolerant tenant. They will remember that extra kindness.

Create a beautiful environment

If your tenant feels good about where they live, they are far more likely to stay in place. Go above and beyond your state’s mandated . A clean and well-maintained community will help guide each tenant’s decision to remain with you, and a proactive approach to maintenance and repairs matters. Pay extra attention to entryways and porch spaces; peeling paint and cobwebs can make your property feel shabby. Stay on top of cleaning and repairs and you will not regret it.

Give personal gifts

A small token of appreciation on a tenant’s anniversary with the community or on their birthday, such as a gift basket or a gift card, are always good ideas. If you are in a position to be better acquainted with your tenant, a personal gift can mean even more.

If you know that a tenant enjoys classical music, a gift of tickets to a symphony or an outdoor concert builds a deep, personal connection that could they give staying with you extra consideration when it’s time to renew their lease.

Small tokens such as non-denominational holiday cards or birthday cards are a nice touch and another way to let them know you care.

Leverage referrals

Studies show that tenants who have friends nearby tend to stay longer. If you have several properties in the area, you could benefit not only in tenant retention, but also by asking your tenant to unofficially function as a marketer for you. If your tenant loves their home, they are more likely to refer a friend to you.

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For affordable and professional property management contact Vestpro Residential Services today by calling us at (832) 971-1841, connect with us online, or find us on Facebook.


What are your rental property’s best features?

It doesn’t matter how long you’ve owned rental properties in Houston TX, or the surrounding area, you’re going to one day face the prospect of your rentals competing with other rentals in the area that may have better features and or amenities. The key to success when this happens is for you to highlight your rental properties best features by doing the following.

Photograph the right features
The first step in highlighting your property’s most sellable features is to share photos of the right features—a.k.a. the features your potential tenants will care most about. These features can be both design-focused and functional; a mix of the two may appeal to the widest audience. Focus on features like crown molding, new appliances, large outdoor or patio space, and newly renovated areas of the home.

To make sure tenants see the property from every angle, put the images into a collage: “This allows somebody glancing through listings to see interior and exterior shots all at once. Because our homes are so beautifully staged, the split photos get a lot of attention and sets it apart from every other listing,” says Paul Moore, of Smith Mountain Homes.

You can also add multiple images to Facebook Carousel ads or Instagram’s new multi-photo upload feature to create a well-rounded view of the property.

Do virtual home tours
What better way to highlight your property than with a virtual tour? You can do this by taking a phone video and uploading to YouTube, or take live video with your Facebook or Instagram business page. Either way, this is also a great opportunity to engage with potential renters, so while giving the tour, ask questions. You might say:

“We just finished this bathroom, and added the brand new clawfoot tub. Do you like that vintage style? Tell me in the comments!”

“Tenants love using the back yard for grilling and hanging out with friends—the grill over there comes with the property. How often would you use this area?”

If creating all videos on a social platform, be sure to download them and upload to your YouTube channel. You can begin creating different sections for each rental property, so anyone interested in your listings can get walking tours whenever they want.

Share high-quality images

Photographing the right features is important, and the next step is taking high-quality photos. Luckily, you don’t need an expensive camera or photography experience to do that. The new iPhone 7, for example, has made it even easier for you to get expert-quality photos all on your own, thanks to its new dual lens camera, which features a wide angle and telephoto lens, according to iPhone 7 Rumors Confirmed.

Other new phones like the HTC M8 also have this feature, making it possible for you to take photos with depth of field. This is a feature traditionally found only in expensive SLR and DSLR cameras, providing you with a great opportunity for you to get high-quality photos without spending a lot.

Get Property Management Here

For affordable and professional property management contact Vestpro Residential Services today by calling us at (832) 971-1841, connect with us online, or find us on Facebook.