From its numerous outdoor opportunities to exceptional diversity and more affordable housing costs, it's no wonder Niche.com says Houston is one of the best places to live in Texas and gave it a high overall A- grade. Here, the median rent is lower at $1,235 vs. the nationwide median of $1,268.
All those stats and facts show that being a rental property owner in H-Town can be a lucrative career choice. However, poor management and tenant selection can also lead to the need for landlord rescue services.
Join us at PMI Infinito as we uncover the top signs indicating landlords need Houston rental management experts to rescue them.
Landlord Stress Is Mounting
According to Comparably.com, landlords in Houston, TX, earn an annual average salary of $71,056, 15% higher than the U.S. average. The top earners also make as much as $139,380 a year.
While being a landlord can bring in considerable income, it can be a 24/7 job. For example, tenants may run into property issues (e.g., a burst pipe or broken down air conditioner) early in the morning or late at night. All these can lead to unnecessarily high levels of landlord stress.
If you want to generate income as a landlord with little stress, consider outsourced property management in Houston. Highly skilled and experienced property managers can handle all your leasing needs, including:
- Marketing your property
- Tenant placement
- Rent collection
- Property upkeep
You simply have to wait for your manager to deposit your rental income into your bank account.
Rent Collection Has Become More Challenging
Another sign indicating the need for urgent landlord assistance in Houston is tenants' failure to pay rent on time. The longer this continues, the more significant the impact on property owners' short-term and long-term incomes and profits.
For example, frequent rental payment delays can result in landlords postponing necessary property maintenance and repairs. Unfortunately, delayed maintenance and repairs can lead to more severe problems and reduced property values.
Emergency property management professionals can reduce such risks by coordinating with late or non-paying tenants. They'll facilitate rent collection and, if tenants still don't pay, begin the eviction process in compliance with Houston, TX, laws.
Accidental Landlordship
Sometimes, landlords become landlords not by choice but because of an event that turned them into rental property owners. A perfect example is inheriting a rental investment property from a loved one.
If you're in the same boat, landlord rescue services can help you manage your inherited property. Their full-service solutions can be even more beneficial if the property is in Houston but you live elsewhere.
PMI Infinito to the Landlord Rescue
Whether you're considering investing in a rental property or are already in dire need of landlord rescue services, PMI Infinito is happy to help.
We're a proud member of PMI, a fast-growing property management franchise managing over $5 billion in real estate assets. We specialize in residential, commercial, association, and vacation rental property management. Through our real estate expertise and state-of-the-art technology, we can assist you every step of the way, from helping you find profitable rentals to placing high-quality tenants into your Houston property.
Contact us today for a free property analysis and consultation!
