Bryan/College Station Property Management Blog

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Turnover can be one of the two most expensive scenarios for a property investor!  Unfortunately it is unavoidable, especially in a market such as Bryan/College Station where you have college students renting your properties.  Proper management will help keep the high costs at a minimum, however it takes time for the effects of proper management to kick in.  Many times, when we take on management of a property that was being improperly managed, it can take up to 12 months to reverse the problems that derived from it!

Additionally, because it is unavoidable, why not take advantage of the turnover?  What I mean by that is to do the things you cannot normally do while it is vacant!  Many times a turnover is less than a weeks time, so you must plan for the things you want to do.  Here is a list of items I recommend to take advantage of during a turnover:

• Upgrades to the property
  • New flooring
  • Fresh paint
  • Modernize the property
  • Upgrade counter tops
  • Improve curb appeal
• Marketing
  • Photos
  • 3D virtual tours
  • Additional Marketing items
  • Video walk throughs

This is just a small list of things to think about while the property is sitting empty.  These things may come at a cost, but that cost is made up ten fold with the return you get from them, such as increased rent, less turnover, and greater visibility.

For questions, feel free to reach out to us anytime!

Hello Real Estate Investors! This is Kyle with Asset Hero Property Management, and today I thought it would be good to go over the top 5 fees you can expect to pay when hiring a property management company.

 

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In this video, Asset Hero Property Management President, Kyle Dwyer discusses the four key factors for landlords deciding between self-managing their rental property or hiring a professional property manager to do it for them.

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Combining our STANDARD MARKETING SERVICES and ADDITIONAL MARKETING SERVICES is key!

At Asset Hero Property Management we offer a proven advertising and marketing campaign we are proud to offer you to market your most valuable asset! Regardless of what package you choose, we want you to know that we have your back.

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Property maintenance is the strategy and tasks involved in keeping your rental properties in good condition. There are routine property maintenance tasks, such as ensuring fire detectors are in working order, pool services (if applicable), ensuring lighting is functional, and so on. There are also larger, less frequent maintenance projects such as roofing, parking lot or walkway paving, etc.
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The main difference between assets and liabilities is that assets provide a future economic benefit, while liabilities present a future obligation. Knowing how to utilize this valuable understanding in life can take you from the consumer mentality to an investor mentality. + Read More

When you own an investment property, there are a lot of factors that come into play when you’re looking to maximizing your overall cash flow. After all, that is the reason you acquired the property in the first place. Other than choosing the right investment to purchase, the single most important decision you need to make is “Who will manage the property? Yourself or a Property Manager?” + Read More

 

If you’ve been researching real estate investing or you already own a rental property, you have likely heard horror stories about evicting tenants. Many of those stories may be true, but you can avoid evictions with a cash for keys agreement. This type of agreement reduces the drama of evictions and saves you money. + Read More

 

Today, we are discussing real estate investing and the difference between price and cost. When you buy something, are you buying it based on its price or its cost?
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With all investments, there are risks. One of the biggest risks for your investment property is vacancy. Remember, it’s not a matter of if you’ll have a vacant home, but when you’ll have that vacancy. Prepare for it appropriately so you won’t have to worry.

Today, we’re talking about how to use a vacant property to your advantage, and what should be done with your investment when no one is living in it. + Read More

 

Property owners need to know the difference between a professional real estate inspection and a property management inspection. A real estate inspection is a limited, non-invasive examination of the condition of a property. It’s usually performed by a licensed professional. A property management inspection is a routine evaluation of your investment to ensure a property is being well-maintained by your tenants. It also checks for any other required property code enhancements. + Read More

 

Evictions.

Just thinking about them makes you cringe, right? No one likes to deal with the eviction process. They are painful, time consuming, and expensive. All the while, your investment is occupied by a tenant who isn’t paying rent or is in default of the lease because of some sort of negligence. It’s probably the only time you wish your property was vacant. Today, we’re talking about the best way to handle evictions.  + Read More

 

What is Return on Investment, or ROI?

It’s the rate of return you can expect on an investment. In real estate, we refer to that as cash on cash. To calculate your ROI, you take your yearly profit and divide that number by your total investment. So, with rental properties, you’ll take your monthly cash flow and multiply by 12 to get your annual profit. Then, you’ll divide that number by your down payment. That’s it. It’s that simple. + Read More

 

Finding good tenants is one of the top concerns for all property owners. That’s because if you have a bad tenant in your unit, it could cost you hundreds if not thousands of dollars in damage and legal fees as well as vacancies. No one wants or needs that. Bad tenants do exist, but having a good property manager to ensure the best tenant is placed in your investment is an important way to mitigate that risk.

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Let’s say you have a rental property, and you’re trying to get it leased, but you’re just not getting any interest. There may be a lot of other properties in the area, and competition is high. There are ongoing capital improvements at A&M University, and the nonstop construction of new apartment complexes that have thousands of beds. How do you compete with that? It can be frustrating. There are two key points to remember when it comes to marketing your rental property: when you market, and how you market. We’re talking about that today. + Read More

 

There are a few telltale signs that indicate it’s time to change property managers. Today we’re talking about those signs, and what a property manager should be doing for you. + Read More

Before I became a property manager, I wanted to learn all aspects of the business. Maintenance is a huge part of management, so I worked for a small maintenance company while I was getting my real estate license. This was the best decision I ever made. Too many property managers and property owners out there don’t know a single thing about maintenance. They’re 100 percent reliant on what their vendors tell them. That’s a huge problem.

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Investing in real estate can be very rewarding, especially if you do it properly. The first thing you need to know about real estate investing is that the experts are right: location matters. Bryan-College Station is the perfect area to start investing for many reasons. We’re talking about the top two reasons today. + Read More

 

At Asset Hero Property Management, there is a lot that sets us apart from other property management companies in the Bryan/College Station area. Today, we are focusing on four key points that demonstrate why you should work with us when you need someone to manage your rental properties. + Read More