Beautiful Subdivision Lot for sale in Canyon Lake $23,500 >.5 acre corner of Cougar Dr & Shelly

earth-viewAdd comment

Posted in Residental, Texas Hill Country, Vacation Home Property Management

Vacation Home Property Management

Vacation Home Property Management

Inspections

  • Perform periodic inspections (Inside and outside) on a predefined schedule looking for repair needs, safety hazards, etc.
  • Send owner periodic reports on the condition of the property

Financial

  • Provide accounting property management services
  • Detailed documentation of expenses via invoices and receipts
  • Maintain all historical records (paid invoices, inspection reports, warranties, etc.)
  • Advise owner on relevant tax deductions related to their vacation property
  • Provide easy to read monthly statements which offer a detailed breakdown of any itemized expenses

Maintenance, Repairs, and Remodeling

  • Provide and oversee the hired maintenance crew
  • Establish a preventative maintenance policy to identify and deal with repair needs
  • Provide a network of licensed, bonded and fully insured contractors who have been vetted for good pricing and good work that is up to code.
  • Assign jobs to different parties (in-house employees, handyman and professional contractors) based on who will do the best job for the best price.
  • Maintain outdoor areas
    • Landscaping
    • Removing trash and debris
  • Larger renovation or rehab projects
    • Provide project management to over the project.
    • Prepare preliminary cost estimates
    • Get multiple independent bids for the work

Benedict Properties is owned and operated by Judy Northcutt-Benedict and services the Texas Hill Country from Austin to SanAntonio in residential real estate and property management. Judy has been an active real estate agent/broker since 1996. Her real estate career began as a residential agent in Houston with firms; such as, Keller Williams, Coldwell Banker and Century 21 Western and then expanded into corporate real estate and construction project management for companies such as, Shell, AT & T, and BP.

In residential real estate, Judy has represented both Sellers and Buyers since 1996. She offers assistance to Sellers to market their properties to its best potential and to gain attention from the best Buyers.. She provides guidance to Sellers and Buyers from the start to the finish and provides service with a personal touch.

Now in Canyon Lake, Texas, along with sales,  Judy is working in vacation property management and investment property management

Posted in Vacation Home Property Management

Property Management

Evaluate the property and determine an accurate rental rate

  • Perform detailed documentation of the interior and exterior including photos
  • Offer recommendations on repairs and cosmetic improvements that maximize monthly rent while providing good ROI.
  • Gather data on rental rates in the area and work with owners to determine the optimal rental rate. Rent research will vary, but should include looking at the recently rented comparable according to size and type.
  • Discuss with owners the pros and cons of different policies such as accepting pets, allowing smoking etc.
  • Install a lock box

Market the property for rent

  • Prepare home for rent
    • Clean home and optimize interior appeal
    • Manicure landscaping to increase curb appeal
  • Create ads tailored to the property and advertising medium. Some of the mediums commonly used are:
    • Paid and free rental listing websites
    • Print publications
    • Signs
    • MLS
    • Fliers
  • Work with other realtors and leasing agents to find a tenant
  • Field calls from prospects for questions and viewings
  • Meet prospective tenants for showings throughout the week and weekend.
  • Provide prospective tenants with rental applications that are legally compliant with fair housing laws
  • Collect application fee

Tenant Screening and Selection

  • Perform a background check to verify identity, income, credit history, rental history, etc.
  • Grade tenant according to pre-defined tenant criteria
  • Inform tenants who were turned down

 

 

 

Tenant Move In

  • Draw up leasing agreement
  • Confirm move in date with tenant
  • Review lease guidelines with tenant regarding things like rental payment terms and required property maintenance
  • Ensure all agreements have been properly executed
  • Perform detailed move in inspection with tenant and have tenants sign a report verifying the condition of the property prior to move-in.
  • Collect first month’s rent and security deposit

Rent collection

  • Receiving rent
  • Hunting down late payments
  • Sending out pay or quit notices
  • Enforcing late fees

Evictions

  • Filing relevant paperwork to initiate and complete an unlawful detainer action
  • Representing owner in court
  • Coordinating with law enforcement to remove tenant and tenants possessions from unit

Legal

  • Advise in the event of a legal dispute or litigation
  • Understand and abide by the latest local, state and federal legislation that apply to renting and maintaining rental properties.

Inspections

  • Perform periodic inspections (Inside and outside) on a predefined schedule looking for repair needs, safety hazards, code violations, lease violations, etc.
  • Send owner periodic reports on the condition of the property

Financial

  • Provide accounting property management services
    • Detailed documentation of expenses via invoices and receipts
    • Maintain all historical records (paid invoices, leases, inspection reports, warranties, etc.)
    • Provide annual reporting, structured for tax purposes as well as required tax documents including a 1099 form
    • Advise owner on relevant tax deductions related to their rental property
    • Provide easy to read monthly cash-flow statements which offer a detailed breakdown of income and itemized expenses

 

Maintenance, Repairs, and RemodelingRenta

  • Provide and oversee an in-house maintenance crew
  • Establish a preventative maintenance policy to identify and deal with repair needs
  • Provide a network of licensed, bonded and fully insured contractors who have been vetted for good pricing and good work that is up to code.
  • Maintain outdoor areas
    • Landscaping
    • Removing trash and debris
  • Larger renovation or rehab projects
    • Provide project management skills to oversee the project.
    • Prepare preliminary cost estimates
    • Get multiple independent bids for the work

Tenant Move Out

  • Inspect unit and fill out a report on the property’s condition when the client moves out
  • Provide tenant with a copy as well as estimated damages
  • Return the balance of the security deposit to the tenant
  • Forward any portion of the owner’s portion of the tenant deposit to the owner or hold in owner reserves for repairs.
  • Have unit cleaned
  • Oversee needed repairs or upgrades
  • Re-key the locks
  • Put the property back on the market for rent

 

 

 

 

Posted in Uncategorized

Houston Housing Market

2014 was a record year for the Houston housing market, with strong gains recorded in sales volume and pricing versus 2013. There were 75,319 single-family closings and 91,202 total closings, representing the most transactions in the history of Houston real estate. Months inventory began the year at a 2.6-months supply, and while it crept up to a 3.0-months supply over the summer, it ended the year at a record low 2.5-months supply. Months inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 months sales activity.
The greatest one-month sales volume of 2014 was recorded in July, with 7,613 single-family closings. By contrast, the lightest one-month sales volume took place in January, with 3,930 closings. The biggest year-over-year sales jump took place in December.

Posted in Uncategorized