|Specialty||# of Agencies|
|Single House or Condo||16|
|Home Owners Association||11|
|Total Local Companies||31|
The average rent for a 3 bedroom house in Houston, TX is $1,264.00. When you receive your requested free market assessment, compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.
Houston, TX Rental Market Overview
Strong Job Creation Drives Houston Investment Demand--Especially for Older Properties
New jobs typically drive interest in new Class A properties, but sometimes developers overplay their hands and don't provide enough product diversity. That's a great thing if you're a landlord looking to sell or rent older Class B or Class C properties in the Houston region. In 2013 Houston added over 95,600 new jobs, and while area developers doubled their new apartment construction to 8,500, nearly all of the units were Class A luxury products, which have subsequently driven demand for Class B and Class C properties according to the 2013 National Apartment Report published by Marcus & Millichap. An overabundance of high-end rental product isn't unique or exceptionally uncommon, but this sort of situation doesn't happen often in large metro markets, especially in Houston, which remains one of the leading regions for job growth in the United States.
Know How to Show and Market Your Investment to Attract the Best Tenants
It might seem easier to market rental properties that are in demand, but small landlords should never expose their investments to unnecessary risks. Just because your properties enjoy a lot of showings doesn't necessarily imply that you're showing your rentals to the best prospective tenants out there. You need to know rental histories to verify how well they'll maintain your investment. You'll need to delve into job histories and credit reports to determine priorities and payments. If you're already showing your properties several times a day, applicant background checks will add to your workload, and you'll probably miss some important connections for reference check calls. Will you let some application details slide unchecked or extend your screening process while your prospective tenants check out the properties offered by your competition? Never consider the notion of hiring a Houston property manager a luxury. If you're competing against larger rental developers, a property management company can give you equal footing. Property managers are practical and essential resources for property exposure, marketing strategies and expedited tenant screenings. They can also connect you with other time-saving services like on-call maintenance contractors and legal services. Discover wha