Laredo, TX: The Gateway City
Laredo has an estimated population of 262,491 residents. It functions as the county seat of Webb County. Colleges and universities located in Laredo include Texas A&M International University and Laredo College. The city also hosts Washington’s Birthday Celebration, a month-long festival featuring pageants, balls, live concerts, parades, a carnival, and more.
In addition to this, Laredo also has a thriving arts and culture scene. Museums located in Laredo include the Republic of the Rio Grande Museum, the Laredo Center for the Arts, and the Nuevo Santander Museum Complex. Several points of interest — such as the Barrio Azteca Historic District, the San Agustin de Laredo Historic District, and Fort McIntosh — are also found under the National Register of Historic Places.
Laredo is also home to several sports teams. These include the Laredo Heat and the Tecolotes de los Dos Laredos. Other popular attractions in the city include Lake Casa Blanca International State Park, the San Agustin Catholic Cathedral, and North Central Park.
The State of Laredo’s Rental Market
Laredo is a good choice for property investors. Here, the median listing price for a home is $163,000, which is 29% below the national median. While most of the residents in Laredo are homeowners, there is still a sizable renter population. In fact, 38.2% of the residents here rent their homes.
Image via towncharts.com
However, rent in Laredo is on the cheaper end of the spectrum. The median rent in 2019 was $855, which fell from 2018’s $872. Both are also well below the national median rent in 2019 — $1,097.
Image via deptofnumbers.com
Additionally, Laredo has a relatively high vacancy rate compared to other cities. The vacancy rate in this Texas city is 7.53%, whereas the national vacancy rate is 5.97%.
The good thing about being a landlord in Texas, though, is its landlord-friendly laws. Texas places importance on protecting the rights of property owners, making it a generally favorable environment for landlords.
Why Go With a Laredo Property Management Company?
Investing in rental property is a good way to earn money, whether it is your main source of income or otherwise. Managing a rental property, though, is the hard part. As a landlord, you need to juggle a load of duties. This includes maintaining the property, collecting rent, addressing tenant concerns, and enforcing lease terms.
Due to the amount of work involved, a majority of landlords opt to hire a Laredo rental management company. With professional help, you don’t have to worry about your landlord responsibilities anymore. An experienced manager can handle everything for you, giving you more time to focus on your professional and personal life.
What can a property management company do for you?
- Advertise your listing
- Screen and process tenants
- Oversee property showings
- Set and collect rent
- Create a lease agreement
- Perform move-in, move-out, and routine inspections
- Enforce your lease terms
- Manage maintenance and repairs
- Respond to tenant complaints
- Manage your budget
- Help with tax calculations
- File evictions
Looking for Property Management in Laredo?
It is not easy to find a rental management company in Laredo that fits your unique needs and price point. You also need to conduct a thorough vetting process to ensure you choose a reliable one. With Rental Choice’s online directory, though, you can browse through the available companies in your area. From there, you can use the contact details we provide to get in touch with your prospects.