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.

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.