Houston Condo And Apartment Marketing Strategies

By Vestpro Residential Services

HOUSTON, TX – Do you have a Houston Condo or apartment that’s coming up for rent soon? If so, you’re not alone. Now is the right time for you to start thinking about renting your property and you can get it ready for rent by following the tips in this article.

Tip #1 – Start Marketing Your Houston Condo 30 Days Before Your Tenants Moves Out

Yes, it’s true that every tenant doesn’t like to be bothered but, you have a business to run and one of the keys to success with owning rental properties is using your time wisely because you don’t want to risk your rental property sitting vacant for 30 days or longer.

Start marketing your rental at least 30 days in advance, before your tenant moves out because this will give you plenty of time to find and screen the right tenant. Before showing your Houston Condo just make sure that you deliver a written notice to your tenant 24 hours in advance so they are aware that one or more individuals could be entering the rental with you to view the property.

Tip #2 – Improve Curb Appeal Now

Thankfully, you don’t have to wait 30 days to start improving the curb appeal for your Houston Condo or Apartment you can start making those improvements now. Some of the improvements you can make to the exterior of your condo include: painting the front door, power washing the patio or walkway, planting new flowers in pots outside of the rental and if it has a small yard you should clean up that yard space.

Once your tenant moves out you should schedule any inside maintenance to be done the day after your tenant is out of the rental property.

Tip #3 – Great Pictures And Video Will “Sell” The Rental

If you plan on marketing your rental property online you should have professional pictures and video taken of your rental property because great pictures and video will help to sell your rental property to the right tenants especially if you plan on marketing your rental property on websites like craigslist.org or har.com.

Tip #4 – Listen To Your Tenants Recommendations

Last of all, but most important, when your tenant moves out you should listen to their recommendations for your rental property, especially if they include tips on what needs to be fixed in the rental because, these recommendations will save you the time, money and hassle of having to make repairs to your Houston condo after new tenants move in.

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For affordable and reliable Houston Texas Property Management contact Vestpro Residential Services by calling us at (832) 971-1841 or click here to connect with us online.

What To Know When Searching For Houston Texas Property Management Companies

Are you searching for Houston Texas Property Management Companies online? If so, you’ve come to the right place. Here’s what you should know when searching for a property management company.

Choose An Experienced Property Manager

Although most Houston Texas Property Management Companies claim that they are experienced when it comes to customer service, tenant retention, rent collection, maintenance and all of the day-to-day responsibilities that come with property management, you should take the time to review a company online to verify their experience.

You can do this online by searching the Better Business Bureau’s website or on social media websites like Facebook and Google my Business.

About Houston Texas Property Management Companies

Once you find a property management company that you’re interested in working with you should verify that they have actually have a team that specializes in maintenance, book keeping, and customer service because hiring a team will give you confidence that all aspects of your rental properties are professionally managed by a caring team of professionals instead of just one person.

Confirm That Your Tenants Can Pay Their Rent Online

Last of all, but most important, before continuing your search for Houston Texas Property Management Companies you should also confirm that the property management company offers their tenants the ability to pay rent online because, most renters are accustomed to paying their bills online and this will also make it easier for you to get paid as well.

Get Houston Texas Property Management

For affordable Houston Texas Property Management contact Vestpro Residential Services today by calling us at (832) 498-0016 or connect with us online.

Houston Texas Property Management – 3 Tips for Tenant Retention

 

By Vestpro Residential Services, LLC

As a long time Houston Texas Property Management company we can tell you without a doubt that tenant retention is one of the keys to success with owning profitable rental properties because, the longer you have your properties rented for means you will have long term cash flow from each rental property.

If you haven’t thought about what you can do to retain your tenants this article will provide you with 3 tips you can use for tenant retention.

Tip #1 – Practice the Art of Regular Communication with Your Tenants

Although you may have the best tenants in the world, you should always practice the art of regular communication with them because, regular communication with your tenants will not only show them that you care and appreciate their business, it will also encourage them to contact you should problems occur at your rental property that need to be fixed or resolved.

Houston Texas Property Management

Tip #2 – Offer Your Tenants Incentives

Another successful Houston Texas Property Management tip that we can offer you is to consider offering your tenants incentives for doing things like paying their rent on time to reporting maintenance problems or issues to you when they occur. Some of the incentives you should consider offering your tenants include: free Wi-Fi (depending on rental property), free memberships to local health clubs and gift cards from local grocery stores.

Tip #3 – Create a Referral Program

Last of all, but most important, in the world of property management we know that if a tenant is responsible, pays their rent on time and keeps their rental clean the chances are that they have friends or family members who have similar tastes and traits so if you want to get more great tenants like the one that you currently have you should consider starting a referral program which includes paying your tenants a “bounty” when they refer people to you who may be interested in renting one or more of your rental properties.

Get Houston Texas Property Management

For Houston Texas Property Management contact Vestpro Residential Services, LLC today by calling us at (832) 498-0016 or click here to connect with us online.

Is It Time For You To Consider Houston Property Management?

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There’s no denying that now is a great time to invest in local real estate thanks to great prices and low mortgage interest rates but as you grow your portfolio or rental properties you will also face more responsibility if you are managing those properties yourself and this is why you should consider Houston Property Management.

If you’ve been debating hiring a Houston Property Manager here’s how we can save you the time, money and hassle of managing rental properties yourself.

On Time Rent Collection

When you hire a Houston Property Manager you can rely on them for collecting your rent on time every month and either depositing the rent into your bank account or mailing you a check each month.

A property manager will also eliminate all rent collection delays and or excuses that traditionally come with rent collection for some owners plus insure that your rent is collected professionally each month without you having to go through the hassle of rent collection yourself. 

Professional Property Management

Your rental property will be professionally managed by a qualified property manager including all of the additional time consuming aspects of property management like maintenance requests and other service related issues.

Excellent Customer Service

Sometimes having an actual human being to call your tenants back matters most in the world of property management and when you hire a professional Houston Property Manager you can have confidence that all of your tenants will be responded to in a timely manner when they call or email the property manager.

Excellent Backup For You

Another benefit of hiring an experienced Houston Property Manager is that you can depend on them to be on top of any issues related to your property so that regardless if you live in Portland or are out of state your home or multi-family rental property will be professionally managed by caring professionals.

More Time to Grow Your Portfolio

Last of all, but most important, when you hire a professional Houston Property Manager you will have more time to focus on growing your portfolio of rental properties and focus on the next rental that you want to purchase for your portfolio.

Get Houston Property Management 

To learn more about our Houston Property Management Services contact Vestpro Residential Services today by calling us at (832) 498-0016 or click here to connect with us online.

 

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For Rent Houston – How To Modernize Your Landscape

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There’s no denying that renters are just as influenced by curb appeal as home buyers are and if your home or property for rent in Houston doesn’t have a modernized landscape this could be stopping more potential renters from viewing your property.

In this post we will share with you several tips you can use to modernize the landscape at your Houston Texas Rental property:

1. Eliminate structured hedge rows and reduce taller shrubs

Horsetail reeds that are planted in small groups offer a soft, flowing look. The reeds have jointed stems and are deep green, offering an interesting tropical look. They can be used in containers or contained in ponds, and stay green year-round. Also, shorten those six-foot-tall shrubs or remove them in favor of native plants. Get rid of trees that are confining and killing grass underneath.

2. Turn wear-and-tear areas into amenities

Straight concrete sidewalks or bare dirt paths and ugly drainage areas are an opportunity to create an eye-pleasing area in heavily traveled parts of the property. Create natural walking paths using crushed granite or flagstone, and add rock or design fake river beds around drainage areas that hold water.

3. Mulch with permanent materials

Mulching has changed, Lee says. Bark and brightly color mulches are out, and more permanent materials like gravel and crushed granite are favored. Also, dyed mulches that are dark brown or black give a more natural feel to beds and bordered areas. Using permanent materials reduces maintenance and does not require mulching as often.

4. Update types of plant material

Traditional hedge and plant materials should be replaced with native plants, grasses and ground covers to give a softer, calming look. Avoid planting in masses. Instead, space out plantings and create small groups of plant life. Also, leave the hedge clippers in the shed, and avoid making plants square or round. Introduce new plantings and use rock to reduce water requirements.

Lee says there are dozens of options with plants and materials to update landscapes even at the oldest of homes. A landscape consultant can help create a vision that, when implemented, will give the property a feel that it’s up with the times.

Source – Propertyware

Got A Property For Rent In Houston? Get Property Management Here

For more tips you can use to market your property for rent in Houston, or to get a property management quote contact Vestpro Residential Services today by calling us at 

Houston Texas Property Management – Learn More About 2016 Property Management Laws

Houston Texas Property Management

 

2016 is definately proving to be a year of many changes and with the start of the New Year there are some new laws on the books that you should be aware about if you own rental property in the Houston area or elsewhere across Texas.

Senate Bill 1367, authored by State Senator Royce West (D-Dallas) and co-sponsored in the House by Representatives Rafael Anchia (D-Dallas) and Rene Oliveria (D-Brownsville), makes five key changes to “AN ACT relating to certain obligations of and limitations on landlords,” aka the state’s landlord-tenant law—in an effort to better protect tenants’ rights. Those changes include

The repair provision has been amended to expand the way notices can be delivered, thereby triggering a landlord’s duty to repair. Previously, tenants were required to send either one request for repair by certified mail or two requests by any other method. When the statute was first written, trackable delivery services such as UPS and FedEx didn’t exist as they do today. Now, any trackable form of delivery by the U.S. Postal Service or private delivery service qualifies for the single notification provision.

Advocates of SB 1367 argued that time is critical for tenants dealing with health and/or safety problems, and that the requirement to send two separate notices created an undue lapse of time for those with urgent repair needs.

Landlords must now refund and notify tenants of damages and charges within 30 days if they are going to make a claim against the tenant’s security deposit, even if there is not a refundable deposit. This provision is to protect tenants from landlords who make claims against a tenant, but the tenant never become aware of such claims until finding a claim on their credit report down the road.

Source – Buildium.com 

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For affordable and effective Houston Texas Property management contact Vestpro Residential Services today by calling us at (832) 498-0016 or CLICK HERE to connect with us online.

How To Get Started With Houston Rental Property

Houston Property Management
Houston Property Management 

Are you thinking about getting started with investing in Houston Rental Property? If so, you’ve come to the right place.

In this post we will provide you with several tips for getting started with investing in rental property so you will start enjoying positive cash flow and enjoy all of the benefits of owning rental property. 

The media and real estate professionals continually report that 2012 is the year to buy real estate. Since home values have dropped considerably, the U.S. median list price has dropped considerably, too. Couple that with interest rates that are the lowest they’ve ever been and it’s a perfect storm of real estate buying opportunity, especially for starting out your career as a landlord.

Here are tips to get started. And, if you start a few years out of college, and amass several properties, you will probably be retiring early.

Go for the long haul — Rarely do people increase their wealth by owning property for short periods of time. Long-term investing in cash flow-producing assets like real estate is the way to go.

Don’t’ give up your day job! – You need a solid job to be able to save money for a down payment and be able to obtain financing to buy properties.

Buy cash flow-positive properties – If you don’t understand why to do this, you might want to skip real estate ownership. See “What is a Good Real Estate Investment” article.

Buy a property that you love! – The more you love the property for all the right investment reasons, the better chances you’ll own it long term.

Skip the prize properties – Prize properties have negative cash flows and are NO prize, it’s the moderately priced properties that are the real prizes.

Buy as a personal residence to change to rental – Buy properties in life that make good rental property investment sense and first live in them as a personal residence. When you buy as owner occupant, you get the best financing and can put down a smaller down payment if you so desire. Plus you learn the property characteristics, issues, and can fix issues so they won’t be issues once you make it a rental. Then, move out after one to three years and into your next personal residence that will become a rental property a few years later. This also ensures you will only buy properties in areas where you are willing to live, and that’s very important to do as a real estate investor.

If it sounds too good to be true, it is! – Real estate is high risk as there are many things that can go very wrong. If it sounds too good to be true, be very careful. Once you take ownership of the property, you have to correct the problems and issues,or live with them.

Fully educate yourself for 3-6 months – Talk to other people who own properties, read books, go to the local real estate investment clubs, etc. The better you educate yourself, the higher the chances you will take the proper steps to reduce your risks and make smart and safe decisions.

Buy properties in good shape – Fixer-uppers are money pits and rarely sell at a large enough discount to compensate for all the work needed. Buy properties that are as close to rental ready as possible. A great move, if possible, is to buy a property with a good tenant already renting the property!

Be conservative on your expectations – Always overestimate the amount it will cost to renovate a property, underestimate the rental income you will earn, and overestimate the expenses you will have to pay. Then, when you blow it out of the water, you’ll have a big smile on your face and be able to gloat to all your friends!

Source – Zillow 

Contact Vestpro Residential Services 

For more information on the on how to get started with owning Houston Rental Property, or to learn more about the property management services we can offer you contact us today by calling (832) 498-0016 or click here to connect with us online. 

3 Reasons to Consider Passive Houston Texas Real Estate Investing

So you’re thinking about getting involved in Houston Texas Real Estate Investing but will your Real Estate investment be a passive investment?

In this post we will share with you 3 tips you can use to insure that your Houston Texas Real Estate investment will be 100% passive so you can continue working in your current job while your rental property makes money for you, even while you sleep.

Passive Tip #1 – Purhase a Property with Existing Tenants

Instead of buying rental property that’s vacant or needs repairs you should search for rental properties with existing tenants because the cash flow for those properties is already established and your money can start working for you 24-7.

If you are short on funds to purcahse a propert consider crowdfunding.

Crowdfunding is opening up investing to anyone with a little extra cash these days as regulations change and entrepreneurs take advantage of the expanding marketplace.

Source – abc15.com

Passive Tip #2 – Hire a The Right Property Management Company 

One of the big mistakes most investors make when they are just getting started with buying rental property is thinking they can do everything themselves.

Don’t make this mistake! Hire a property management company in Houston Texas immediately when you buy your first rental property because this will save you the time, money and hassle of having to manage your property yourself and you will have more time to actually grow your portfolio.

As an investor and entrepreneur, you should always be on the lookout for ways outside the obvious to improve your return. When using personal funds to invest, the best way to do it is through a self-directed IRA. A self-directed IRA is the same as the usual IRA, however, it allows alternative investments for your retirement savings. By investing through an IRA, you can avoid using your taxed income. Most banks have this option, so it’s best to speak with a financial advisor before diving in head first with this kind of investment — and remember to leave yourself with something for retirement.

Source – entrepreneur.com 

Passive Tip #3 – Use The Tax Advantages Uncle Sam Offers You

Last of all, but most important, as you are buying Houston Texas Real Estate you should keep in mind that there’s a lot that Uncle Sam can do for you especially if you have an investment that’s equity structured because will be able to keep most of your income and have cash returns which are tax deferred.

As a rental property owner, you are able to deduct nearly all the expenses you’ll pay to manage your property. Everything from the mortgage interest you pay on the loan all the way down to the paper you buy for your printer (if you are using that printer primarily for real estate investing purposes, that is).

Source – Biggerpockets.com 

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To get Houston Texas property management contact Vestpro Residential Services, LLC today by clicking here to connect with us online or calling us at (832) 498-0016.

 

Should You Accept Cash From Your Houston Texas Renter?

 

So you’re just getting started with owning your first rental property and your Houston Texas Renter wants to pay their rent in cash. This is one of the most common Houston Texas Property Management questions property owners have and for good reasons because although accepting payment in cash may seem easier than other forms of payment it’s not always the best option for the property owner especially for these reasons.

You Won’t Really Know Who You Are Renting To

Although not everyone who refuses to pay via check has something to hide, you will always know who you are renting to when you require your tenants to pay via check, money order or cashier’s check because each form of payment has an actual record associated with it and you can always go back to the institution that issued the check or money order if problems arise with tat payment.

You’re Not Safe Storing Or Carrying Cash Rent Payments 

Another reason to have a no cash policy is because you will ultimately have to take that cash to the bank, or store it in your office temporarily, and there’s always the potential risk of keeping large amounts of cash lying around until you’re able to deposit it.

Cash Isn’t The Easiest Optin For Your Houston Texas Renter 

Last of all, but most important, another reason to not accept cash from your tenants is that those payments will always have to be logged and the tenant who pays in cash will have to receive a receipt.

Accepting cash can open the door to problems for your company because the tenant can always say that they didn’t receive a receipt from you so it’s best to state your preference for checks, cashier checks or money orders in the very beginning rather than accepting cash or make it easier for your tenants to pay their rent by setting up an online payment system so they can pay rent via their smart phones or mobile devices.

Contact Vestpro Residential Services, LLC

To learn more tips on dealing with Houston Texas Renters or to get more information about the property management services we can offer you contact us today by calling (832) 498-0016 or CLICK HERE to connect with us online.

 

What Is A Surety Bond? Should You Consider This Alternative To Security Deposits?

 

By Vestpro Residential Services

As a landlord one of the most common problems that you may face is the possibility of renting to someone who may have great references, a full-time job and seem like an awesome person but, they don’t have the money you require for a deposit.

Although you may have had to walk away from potential renters like this in the past who didn’t have the money that you required for deposit, there is a solution to this problem in the form of a surety bond.

What Are Surety Bonds?

Surety bonds are the least understood alternative to the deposit, but it’s also one of the most viable, because, a surety bond is actually a contractual promise to you that if your tenant fails to comply with the terms of your lease the bond company will be ready to compensate you up to the limits of the surety bond.

How Do Surety Bonds Work?

If you’re familiar with how the justice system works at all, when somebody gets arrested their bail can sometimes be set at anywhere from $1000 or more and, the person who is detained only has to put up about $100 or higher depending on the bail amount and if they are able to make bail at all.

The only catch with bail is that if the formerly detained person decides to skip town, or skip the hearing, they will have forfeited the bond and the bail company now has the legal right to go after them.

A surety bond functions exactly the same way. The tenant who is unable to pay the deposit but decides to go with the surety bond will be responsible for paying a deposit to the bond company of up to 20% of the total sum of the deposit.

Let’s say that a tenant decides to break or violate some terms of their lease, the landlord has the legal right to file a claim against the tenant which the bond company will be responsible for paying for, and as with the example of somebody skipping bail, if the former tenant decides to skip town and not pay the percentage of the surety bond then the bond company will go after them as well.

Get Professional Property Management Here

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