Houston, TX: Space City
Houston is home to 2,304,580 residents, making it the largest city in Texas and the fourth-largest city in the United States by population. Known as “Space City,” Houston is the location of NASA’s Johnson Space Center where the Mission Control Center resides.
Houston has a very diverse population, reflected in the arts and culture scene of the city. The Houston Theater District boasts nine performing arts organizations as well as six performing arts venues. Professional companies located in the downtown area include the Houston Ballet, the Alley Theatre, and the Houston Symphony Orchestra. Venues include the Jesse H. Jones Hall for the Performing Arts and the Hobby Center for the Performing Arts.
Houston also has numerous museums located within city limits. The Museum District is home to notable facilities such as the Museum of Fine Arts, the Contemporary Arts Museum Houston, and the Houston Museum of Natural Science. Beyond that, Houston also boasts an extensive list of parks, which includes Hermann Park, Memorial Park, and Discovery Green.
How Is Houston’s Rental Market?
The rental market in Houston is an attractive one. Homes are relatively cheap, with the median listing price being $182,800. This is 20% below the national median. Houston also has a large pool of renters. In fact, renters make up 57.7% of the population in this Texas city.
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Rent is also on the expensive side in Houston. The average rent for an apartment in this city is $1,205, which indicates an 8% year-over-year change. To break it down even further, 37% of apartments have a rental rate between $701 and $1,000, and another 37% between $1,001 and $1,500. There are also apartments that charge a rate above $2,000, though that only represents 7% of the rental properties.
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If these are not enough to convince property investors, perhaps Texas law will. Texas is considered a landlord-friendly state because its laws prioritize the protection of property owners’ rights.
Why Go With a Houston Property Management Company?
When it comes to rental management, purchasing the property is the easy part. After that, you have to juggle an overwhelming number of duties and responsibilities. This is why most rental property owners choose to hire a property management company in Houston, TX.
But, what can a rental property management company do for you? Simply put, they can take over your duties as a landlord. Their services can include but are not limited to finding tenants for your property, screening tenants, showing your property, setting rent, collecting rent, preparing the lease agreement, enforcing lease terms, and overseeing property maintenance and repairs.
Property management in Houston is no joke. If you’re experiencing the following, then you’d be better off with professional help:
- Lack of Time. Managing a rental property is a full-time job — one that demands your time and attention. If you’ve got no time to spare for it, it’s best to hire a property management company.
- Lack of Skill or Experience. Rental property management requires a certain level of skill and know-how, especially when it comes to marketing, research, and even legalities.
- Location. If you live far from your rental property, it won’t be easy driving to and fro all the time.
- Multiple Property Owners. If you own many rental properties, it can be difficult to stay on top of all of them. A property management company has the resources to keep track of all your properties at once.
- No Interest in Being a Landlord. Sometimes, you just don’t like the work. If you just want to do the investing and the profiting, a property management company is the way to go.
Taking the Next Step
The hunt for the best Houston rental management company can be exhausting. Start your search right with the help of Rental Choice’s online directory. We list down property management companies by area, including ones in and around Houston.