What to Replace in Your Rental Property After You Purchase It

Are you planning on buying a new rental property in the Houston area?

Like many landlords, you’re excited about getting that property ready for rent but the reality is that there are a variety of things that you must replace in your property before renting it including the following:

Toilets

Although some landlords often replace the toilets in a rental property last, you should replace these first because a leaky toilet can cause thousands of dollars in water damages and higher than normal water bills for your tenant or you, if you’re paying the water bill for the property yourself.

Light Bulbs

Changing light bulbs is also a “must do” because this will eliminate your tenants calling you to come out to change the light bulbs and also ensure that they will not injure themselves when attempting to change the light bulbs in the rental property on their own.

Locks

Even though the locks in your new Houston TX rental property may look new, you should still replace them anyway because there’s no knowing who may have had access to that property in the past and you want to move forward with confidence in knowing that all keys are accounted for.

Fire Extinguishers and Smoke Alarms

Last of all, don’t forget to change the fire extinguishers and smoke alarms for the rental property especially since there’s no knowing how old those safety devices really are and you want to move forward as an owner with confidence in knowing that your tenants will be protected from fire should one break out at your property.

Contact VestPro Residential Services

Tired of managing your rental property yourself or are you not satisfied with the service that you’re receiving from your current manager? Contact us at (832) 498-0016 or click here to contact us through our website.

Tips For Buying Rental Properties In Houston TX

Are you planning on buying rental properties in Houston TX? If so, you’ve come to the right place! The Houston Texas area is without a doubt one of the very best locations in the United States for buying investment properties. Why? The answer is simple. Demand for rentals has only continued to grow here in recent years and this continues to make the Houston area ideal for every real estate investor.

In this article, we will share with you several tips that will help you to choose the right investment property in Houston or elsewhere in the United States.

Tip #1 –  Where Is The Property Located?

Before purchasing an investment property in Houston, you should always find out exactly where the property is located. This step is vital because, knowing the location of the property may save you from buying a property that’s in a bad neighborhood or in a location that’s not close to restaurants, stores or the businesses that your renters may want to use on a regular basis.

Tip #2 – Always Get Title Insurance

Title insurance is a form of indemnity insurance predominantly found in the United States which insures against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage loans. … Typically the real property interests insured are fee simple ownership or a mortgage. – Wikipedia

Even though the current owner may tell you that the property has a clean title, you always want to get title insurance because you don’t want to find out about those title issues after you’ve invested in the property.

Tip #3 – Get The Rental Inspected

A good inspection of the Houston TX rental property could save you thousands of dollars because, the owner may tell you that the property was recently renovated but you’re never going to really know what’s going on with the investment property until you have it inspected.

Tip #4 – Get Houston Texas Property Management

Last of all, but most important, you should always hire a property manager to professional manage your rental property after you invest in it because, a professional property management company will save you the time, money and hassle of managing that rental yourself so you can focus on growing your portfolio of rental properties.

To learn more about the property management services we can offer you contact us today by calling (832) 971-1841 or click here to connect with us online.