HomeVestors Hands out Handy Renting Clues

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A real estate investor’s primary cash comes from his monthly rental properties.

Dallas, Texas HomeVestors has spent the last 15 years expanding its real estate franchise to include investors across the nation. Rental properties are the key to investor success. Without them, investors lack the monthly capital to sustain their real estate business and build their investment empire. That’s why HomeVestors is handing out these renting clues.

Consistent renting depends upon happy clients. Good maintenance goes a long way towards client happiness. It not only makes investment properties last longer; well-maintained properties attract tenants consistently when they are well kept. Real estate investor should have quarterly and yearly maintenance walkthroughs to look for preventative maintenance issues. This also helps the real estate investor build a relationship with his tenants. That way if something does go wrong at 2am, the client knows they have someone they can depend on to fix it.

The second thing real estate investors can do is being upfront with their clients. The client should know about everything about the property before they ever sign on the rental contracts dotted line. This includes knowledge of the property’s condition. Before clients move-in, investors should do a walkthrough of the property with them. Pictures should be taken as well as a list of problems that need attention made. When the client signs the move-in contract, this list of problems should be included. That way the problems are on record, and the client feels like they are guaranteed the problems will be fixed.

The third thing real estate investors can do to have more successful rentals is to start out with properties that are desirable. Cheap homes have their purpose, but most of them require a lot of work before they are usable for rentals. By spending a little more initially, real estate investors can start off with a rental ready property. Investors stand a better chance of keeping their properties rented that way.

If real estate investors start with nice properties, keep them well maintained, and keep upfront with tenants, they have a better chance of having constant renting success.

About HomeVestors of America Inc.

Dallas-based HomeVestors of America, Inc. is the largest buyer of houses in the U.S., with 50,000 houses bought since 1996. HomeVestors trains and supports its independently owned and operated franchisees that specialize in buying and rehabbing residential properties.  Most commonly known as the “We Buy Ugly Houses®” company, HomeVestors strives to make a positive impact in each community.  In 2012, for the seventh consecutive year, HomeVestors was among the prestigious Franchise Business Review’s “Top 50 Franchises,” a distinction awarded to franchisors with the highest level  of franchisee satisfaction.  For more information, visit www.HomeVestors.com.

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