Houston Real Estate Blogosphere
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Property Management

The most recently published posts in the Property Management category
Do You Need a Property Manager?There are many decisions that you will need to make when investing in real estate. One of those decisions, for those handling rental properties is whether or not you need a property manager. Property managers have many uses and are a great idea for those who have many properties to handle and wish to have a life away from their real estate investing businesses. A pro...
Read Post [Posted on 10/30/2014 By Michael Spacek]
 Most renters know that paying the rent on time and following the lease will keep them out of hot water, but what does it really take to have a great relationship with your landlord?The answer may surprise you. (Hint: It isn’t all about the rent.)The Ideal TenantWhen landlords interview prospective tenants, they’re looking for job stability and steady income first and foremost, but their wish...
Read Post [Posted on 10/29/2014 By Janet Buff]
Detroit is aiming to further eliminate neighborhood blight and recover lost revenue from home owners who are delinquent on their mortgages. Wayne County is taking on an unprecedented effort to take possession of every property that is three or more years behind in taxes. The county has notified 80,000 property owners that they are on the verge of losing their homes to foreclosure due to ...
Read Post [Posted on 10/29/2014 By John Askins]
Would you rent a room in your home to a complete stranger? It can be risky. But it also can reap benefitsTaking a renter into your house is a great way to save money — if you can handle the potential headaches. Image: Jeff TurnerFind a great housemate and you can end up with a new best friend.Make a bad choice, and you can end up with a fiend.I had the fiend experience back in the ‘80s when I...
Read Post [Posted on 10/23/2014 By Garrett McWhorter]
College towns have long been known as havens for investors looking to cash in on rentals or turn a profit on a home flip. RealtyTrac recently ranked the best college towns for flippers in 2014.RealtyTrac analyzed public four-year universities that had enrollment of 20,000 or more as of 2012 and also were located in counties that had unemployment rates below the national average of 6.2 percent. The...
Read Post [Posted on 10/21/2014 By John Askins]
How much should you charge for a rental property? The Wall Street Journal’s real estate columnist June Fletcher suggests 1.1 percent of the home’s value up to about $100,000 or about $1,100 a month. After that demand and what the market will bear will affect values.She points to rental sites as a good clue for someone setting prices, particularly VRBO.com, Flipkey.com and Craigslist. She also...
Read Post [Posted on 10/19/2014 By John Askins]
An increasing number of both public and private apartment complexes and condos are banning smoking, preventing people from lighting up anywhere, even in their own units.The bans stem from nonsmokers’ concerns about second-hand smoke. Meanwhile, smokers argue that they should have the indisputable right to smoke in their own homes. Property managers say properties that choose to go smoke-free have ...
Read Post [Posted on 10/18/2014 By John Askins]
Luxury ski homes have seen prices rise by nearly 6 percent over the last year, as they’re increasingly being courted by the wealthy’s top 1 percent.Knight Frank’s annual Prime Ski Property Index, which tracks prices across 20 of the top resorts in the world, recorded a 5.9 percent uptick for the year ending in June. Overall, North America saw the biggest price jumps for luxury ski homes,...
Read Post [Posted on 10/17/2014 By John Askins]
A report by the Institute for Transportation and Development Policy reveals that transit quality ranks third in predicting the success of transit-oriented development. Government intervention is the most important factor, according to the report, which showed that TOD was successful when local governments rezoned a corridor to promote mixed-use development, created a comprehensive plan for the ar...
Read Post [Posted on 10/17/2014 By John Askins]
Eighty-two percent of independent landlords say they would rent to someone who had lost a home in foreclosure, if the applicant had otherwise good credit, according to a survey by The National Association of Independent Landlords."Landlords typically won't rent to applicants with poor credit--and a foreclosure will absolutely slam someone's scores,” says Tracey Benson, president of The National As...
Read Post [Posted on 10/16/2014 By John Askins]
Rising rents are forcing renters to outspend home owners on housing costs, according to a study.  Since 2005, home owners’ housing expenses have climbed from 31.9 percent of their household budget to 33.2 percent. On the other hand, in that same time period, renters’ expenses have jumped from 35.6 percent to 38.4 percent, according to CoreLogic U.S. Housing and Mortgage Trends. In the last ...
Read Post [Posted on 10/16/2014 By John Askins]
Apartment rents and occupancies are near record highs as demand increases, particularly among former home owners who have faced foreclosure and are now forced to rent than buy. Rising rents are appearing even in the hardest hit cities, such as Orlando, Detroit and Phoenix, that have faced some of the highest unemployment rates and biggest losses in housing values, The Wall Street Journal reports...
Read Post [Posted on 10/11/2014 By John Askins]
The developer of west Houston's CityCentre has acquired more than 6 adjacent acres for a major expansion that will bring the northern boundary of the high-end mixed-use complex all the way to Interstate 10 for the first time. "This is pretty big in the sense that we'll create a gateway entrance from I-10," said Shon Link, executive vice president of devel...
Read Post [Posted on 10/10/2014 By John Askins]
AmReit has begun a long-term $1.2 billion plan to redevelop the 17-acre Uptown Park, a European-style shopping center on the west side of Loop 610 at Post Oak Boulevard not far from the Galleria in Houston’s Uptown area. The first part of the redevelopment effort is the demolition of a building occupied by several retailers, and replacing it with a high-rise residential tower atop 20,00...
Read Post [Posted on 10/10/2014 By John Askins]
Renters are increasingly saying that if a rental unit doesn’t allow a pet, they don’t want it. A survey by Apartments.com found that 43 percent of those surveyed say they are current pet owners and more than a quarter say they plan to get a pet within the next year. Even among those who aren’t pet owners, 34 percent still say they want to have the option and enjoy living in a pet-friendly building...
Read Post [Posted on 10/10/2014 By John Askins]
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