Houston Investment Property Guide

Clear Lake came into existence because of the burgeoning aerospace industry in the 1960s.  The Clear Lake area regularly pumps millions into Houston’s economy; it is recognized as the gateway to the activity-rich Kemah Boardwalk and Galveston Bay areas, and a wise choice to start looking for Houston investment property.

Kemah Boardwalk is the paradise for leisure seeking city dwellers. It has the typical array of games from skee ball to knocking over milk jugs with softballs. It is a highly popular destination on warm-weather days. Apart from this the boardwalk also features numerous shopping outlets and ravishing eateries.

The more practical plus-point for the families living there is the Clear Creek Independent School District, which has been honored as a “Recognized” school district for six consecutive years.  Renters with children prefer good school districs when choosing housing, so plan out your Houston investment property.

Suburbs are typically a safe bet, and Houston investment property is no different.  Kingwood is one of Houston’s most rapidly developing suburbs. It is a master-planned community developed by the Friendswood Development firm. Kingwood features “Greenbelts,” a place for the leisure activities of citizens. In recent years, several national retailers have moved stores to a Kingwood location, thereby bringing about a steep increase in popularity of Kingwood amongst other suburbs.

One draw-back may be the house prices in Kingwood which are a touch above the national average. The suburb also has excellent educational institutions, recognized by Texas Education Agency.  Good schools are essential when choosing a location for Houston investment property.

At times there are better opportunities to take advantage of in cities elsewhere than your own.  This is especially true for foreign investors coming from China or Europe, using native currencies against a weakening US dollar.  Should you be interested in Houston investment property for passive income, but you’re not wanting to manage long distance, hiring a management company is very efficient, and often times cost effective.  Memorial Property Management is a full service property manager located in Houston, Texas.

Memorial Property Management

The contact I spoke with was a lovely lady named Robin, and here are her answers to the usual questions.  First question everyone’s interested in is the monthly management fee, which is 10% or $85, whichever happens to be greater.  In case of emergencies, a reserve is held to handle any issues quickly, and Memorial Property Management requires $500.  (Something interesting, with any worthwhile Houston investment property, the monthly rent should cover the mortgage payment, management fee, and leave a little extra for the owner.  Memorial Property Management can make the monthly mortgage payment for you, and if you choose to have them do so they hold the mortgage payment in addition to the $500 reserve.)

Finding a tenant while outside the Houston area can be difficult, so for the first month’s rent, this company can find a tenant for you.  Before any lease is signed, background checks are performed to find the ideal tenant for your Houston investment property.  These checks include credit, criminal, employment, and checks with previous landlords.  After these checks are completed Memorial Property Management can even give a reccomendation based on the results.

In case of emergencies, a 24 hour phone line is monitored, and for electrical or plumbing problems there is staff on-hand 24 hours a day to handle.

This company specializes in single family homes, and should you be interested in having them manage your Houston investment property feel free to use the contact information listed below.

Memorial Property Management
10190 Katy Freeway, Suite 370
Houston, Texas 77043
Contact: Robin
Bus: 713-973-1001
Fax: 713-973-1002