The Home Renting Process

by Administrator 28. March 2017 05:11

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Tips To Attract More Tenants To Your Rental Home

by Administrator 15. March 2017 13:54

Every landlord wants to attract and retain a tenant who is reliable and pays his rent on time every month. However, attracting more tenants to your rental home requires prior preparation and continuous hard work. You should be able to represent your property in the best possible manner. This will help to attract maximum tenants to your property and you can choose the perfect one.

Listed below are certain tips that can help you attract more tenants to your rental home:

  • Work on the listings: Online listings are a great way to attract high-quality tenants. However, you need to work on providing a detailed and attractive listing of your property. Write a striking introductory phrase about your property and do not forget to attach impressive photographs of your rental home. Nowadays, you can even put up a video tour of your property to give the potential tenants a first-hand look at your rental home without actually visiting it.
  • Plan individual property showings: Although scheduling an open house might seem to be a good way to market your property, it is best to opt for individual showings. This will help you in getting the most interested potential tenants. Individual meetings will also help you to know the prospective tenants better. You can ask the relevant questions and also notice any inconsistencies in individual showings.
  • Complete all the paperwork beforehand: You should be prepared well in advance to show the requisite paperwork to your tenants at the time of property viewing. Get copies of the tenant application form, background, credit check reports and the lease forms. You should be able to answer all the queries of your potential tenants and address their doubts as well as concerns regarding the paperwork there and then itself.
  • Be aware of your neighborhood: Quality tenants are always on the lookout for landlords who are well-informed. You should have complete details about the neighborhood so that you know what all amenities are available in your area. For instance, your potential tenants may have children or pets and would want to know if there are parks and schools nearby. Therefore, stay up-to-date with the local amenities to be able to talk intelligently with your probable renters.
  • Be clear about the tenant criteria: Tenants will expect you to be clear about what you want in your renter. So, be prepared to answer questions on pet policies, financial status and smoking rules etc. Think about all the tenant criteria beforehand along with the restrictions and have them in writing. This will also help you protect from the allegations of discriminating certain tenants.

We, at John Reider Properties can help you find the best tenant for your Killeen, TX based property. Our real estate agents will perform thorough tenant screening to help you get a reliable and responsible tenant. For more information, you can call us at (254) 699 – 8300.

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Styling Your Rental Home

by Administrator 28. February 2017 12:45

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Tips To Get Maximum ROI From Your Rental Home

by Administrator 26. January 2017 19:54

When renting out a property in Killeen, TX, the ultimate goal of all landlords is to earn a significant and consistent profit from their investment. It is important that you use the right techniques to increase the demand for your rental home and live up to the expectations of the tenants.

Given below are some tips that can help you to get maximum returns from your rental home in Killeen:

Rent A Furnished Home

Renting a furnished home can be your best step towards securing a higher rent from the tenants. A lot of people, particularly students, short term renters and those who have recently moved to the city, look for furnished properties that are ready to move in. Having quality beds, sofas, dining room furniture, lighting, bathroom fittings etc. can seem to be appealing for the potential tenants. While furnishing the property, make sure you choose a modern and minimalist decor instead of going by your personal choices. This will make the property attractive to a broader pool of tenants.

Provide Some Additional Amenities

Besides the basic furniture and furnishings,you can even consider providing some additional amenities in your rental home. These may include electrical appliances such as refrigerator, cooking range, microwave, washer, dryer etc. If you have a patio or lawn, you can furnish these areas as well to create a comfortable seating area for the tenants or a place to host outdoor parties. Spacious wardrobes, cabinets, kitchen shelves, fenced yard, garage, security systems etc. are some other amenities that can increase the value of your rental home.

Invest In Home Improvement

Before showing your property to the potential tenants, it is advisable to invest in the necessary maintenance and repair tasks. Replace the rusty door knobs and handles as well as burnt out light bulbs. Mow the lawn, remove weed, trim overgrown bushes, clean the driveway and plant blossoming flowers to give an inviting look to the property. Look for any issues in the roof, basement and attic area as they may lead to major problems in the long run. You can also consider repainting the house if required. However, ensure that you invest in only those improvement tasks that can potentially increase the rental value of the home.

Install Energy Efficient Fixtures

You should focus on making your rental property energy efficient. Install advanced electrical fixtures and appliances that consume less electricity and help to reduce your utility bills. You can even invest in solar panels to further save on energy consumption. Making this initial investment will indirectly help you to retain tenants for a longer time and avoid the expenses of advertizing the property as well as finding new occupants again.

Allow Pets In Your Rental Home

Considering the shortage of pet friendly rental homes in Killeen, TX, it is a wise idea to allow tenants to bring their furry companions along. Renting to pet owners may decrease vacancy cycles as they are likely to stay for a longer period to avoid the hassles of moving and searching for another pet-friendly home. They may even be willing to pay a higher rent in return for a comfortable abode for their pet. If you are concerned about the damage that it may cause to your property, you can charge a security deposit and set guidelines about the type/number of pets allowed.

Increase Rent Strategically

Although setting a rent higher than the average market price may lower the demand for your home, keeping it the same for years can affect your revenue. You must follow a strategic approach so that you do not overcharge from the tenants and maximize your profit at the same time. The terms and conditions should be mentioned in the lease agreement, clarifying the time period and percentage with which the rent will be increased.

We, at John Reider Properties, can help you to get the maximum returns from your rental home in Killeen, TX. Our agents will guide you on the most effective strategies to set your property apart from the rest. For more information, you can call us at (254) 699 - 8300.

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Questions To Ask Your Landlord Before Signing Lease

by Administrator 20. January 2017 11:13

If you have found a perfect rental home, it is essential to sign the lease that states the important terms and conditions related to the rental process.  Make sure you read the agreement carefully before finalizing the deal. Preparing a list of questions will be beneficial in solving all your queries.

Let’s take a look at some questions which you should ask before signing the lease

How do I pay the rent?

Make sure you ask the landlord about the rent payment options. Most of the landlords have switched to online methods. You should confirm it before moving in the rental home. Choose the option which suits you the best.

What does the rent include?

You should know if the amenities such as electricity, water, gas etc. are included in the rent. Some homeowners even provide internet and cable facilities. In case, the rent is not inclusive of these facilities, ask your landlord about the extra charges required.

Are pets allowed?

If you are planning to bring your pet along, ask the landlord about any terms or conditions that may be applicable. Some landlords follow a restrictive or no pet policy for their rental home. That is why, it is important to get it cleared before signing the lease. In case the landlord has a pet-friendly home, make sure you read the guidelines regarding the type, size and number of pets allowed. Also ask about the pet deposit charged by the landlord.

What is the lease duration?

Asking about the duration of the lease is essential. You should know whether it is a short or long term rental agreement. In some cases the landlord might be interested in signing a two year lease. So, it is better to confirm beforehand. You can also inquire about the lease renewal policy as some landlords wish to sell their property once the term has been completed. This will help to avoid disputes later.

Are all the appliances working properly?

When you are renting a furnished home, it is important to check the working conditions of all the appliances such as washer, dryer, microwave etc. Ask the landlord if the electrical fittings are energy-efficient. Also ascertain that the plumbing fixtures are not leaking.

What’s the late fees policy?

Most of the homeowners allow residents to pay the rent until the third or fifth of the month. Ask your landlord about the due date and any late fees policy. This can help you to avoid penalties and the risk of eviction.

What is the guest policy?

As a tenant, you must clarify with your landlord about the guest policy. You must know how many people can live in your rental home and for what duration. Ascertain that the clause is mentioned in the rental agreement.

Is renters insurance required?

Having a renters insurance can help to protect your valuable assets and personal belongings. You should ask your landlord if it is necessary to get insurance before signing the deal.  Also inquire if his homeowners insurance policy covers the rental property as well.

What are the safety measures in the home?

Having safety measures in your rental property is very important. You should know if the house has CCTV cameras or double door locks. You can even ask the landlord if anti-theft devices and alarms have been installed.

Can I makes any changes to the apartment?

You must discuss about the changes which you can make to the apartment. Ask if you can repaint the walls or make any other renovations in rental home. Also clear your doubts regarding maintenance and home repairs.

Is there any parking space in the rental home?

You should know if the rental home has a garage or parking space available.  It will help to keep your vehicles safe.

We, at John Reider Properties, provide a wide range of rental homes in Killeen, TX. The agents will answer all your queries and provide complete guidance in renting a property. For more information, you can call at (254) 699 - 8300 or visit 455 E. Central Texas Expwy, Suite 101, Harker Heights, TX 76548. 

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Getting Your Rental Home Ready For Winter

by Administrator 19. December 2016 20:14

Now that the winter season is finally here, you must take some important steps to prevent the chilly weather from taking a toll on your rental home. This will not only protect your property from wear and tear, but also save you from unexpected expenses on roofing or plumbing repair. Winterizing your rental home will also allow your tenants to stay comfortably, ultimately reducing the vacancy rate and assuring a consistent income for you.

Given below are some of the tips that can help to get your rental home ready for winter:

  • Tune up the heating system: It is important to check your furnace or HVAC system to make sure that it is working efficiently. Change the filter and clean it thoroughly so that the vents are not blocked. It will help to keep the rental home warm which, in turn, will lower your utility bills. A well-maintained HVAC system will also prevent accidental fires in your property.
  • Ensure sufficient ventilation: As the doors and windows remain closed most of the time, fresh air does not enter the house. Lack of ventilation increases the risk of mold and dampness, particularly near the bathroom, kitchen and laundry room. To avoid this, you can ask the tenants to keep the windows open during the day or consider using a dehumidifier to minimize the amount of moisture inside the home.
  • Inspect the roof: Broken or cracked shingles in the roof should be identified and repaired beforehand. Also, check for any leaks in the ceiling as it may indicate blocked gutters. Ensure that the downspouts and gutters are completely clear of any debris or leaves so that the water does not accumulate on the roof.
  • Check the pipes: Drain out water from all the indoor and outdoor pipes. Undrained water can freeze and lead to bursting of the pipe when the ice expands. If you do not have frost free faucets, you can consider insulating your exterior plumbing pipes. Disconnect the garden hoses and shut off the water supply. Ask your tenants to keep the heating system on with a minimum temperature of 50-55 °F when they are not at home. This will save the pipes from freezing and bursting due to subzero temperature.
  • Look out for drafts in doors and windows: Cracks in doors and windows can cause a lot of heat to escape from the home. To avoid this, drafts proof all the windows with weather stripping or caulking. You can also use door sweeps to block spaces under the door. Install curtains or insulate the windows with a plastic film sheet to retain heat inside the home. Prefer buying dark colored curtains made of a thick material to add coziness to the room.
  • Trim shrubs, hedges and branches: Strong winds or accumulation of snow can lead to weakening and falling of the tree branches. Hence, you should trim the overgrown shrubs, hedges and branches so that they do not cause any damage to your tenants or the property. Trimming will also help to prepare your plants for the spring season.
  • Reverse the ceiling fan: If there is a reverse switch in your ceiling fan, turn it on. As the blades of the fan move in the opposite direction, the heat generated by the HVAC system will be pushed down. This can be particularly beneficial for homes with high ceilings. A warmer home will also decrease the load on your thermostat, thereby improving its efficiency.
  • Add rugs and warm beddings: During the winter season, tile and hardwood floors can get quite cold. The best solution for this is to install carpet flooring inside the home. Carpets will also trap the heat and keep your home warmer for a long period of time. You can also place wool rugs near the kitchen, bathroom or other areas where you tend to walk without shoes. The bedding should also be replaced with foamy comforters and fleece blankets so that the tenants do not face any problems. 

For more tips on maintaining your rental home during the winter season, you can contact John Reider Properties at (254) 699 – 8300. You can also visit our office at 455 E. Central Texas Expwy Suite 101, Harker Heights, TX 76548.

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Tips For First Time Home Renters In Killeen

by Administrator 19. October 2016 07:22

Shifting to a new place can be a different experience altogether. For the ones who are renting a home for the first time, it is beneficial to do a thorough research before moving in. If you plan to rent an apartment or a house in Killeen, TX, you need to keep the following factors in mind before going ahead.

Chalk Out A Budget

The foremost step is to decide on the budget. You must consider your requirements as well as monthly expenses and decide the type of property accordingly. You can choose from furnished, semi furnished or unfurnished homes. If your budget allows, you can also opt for a rental home with additional features such as lawn, swimming pool, patio/deck, etc. Make sure you consider your monthly income, taxes, mortgages (if any), insurance premiums and other expenses before deciding on the budget. Else, you may have to face unnecessary financial burden later on.

Create A Wish List

In accordance with your budget, you need to create a list of all the basic amenities that you require in the rental home.  These may include security systems, safe neighborhood, access to nearby facilities, water supply, working of electrical fixtures, etc. You may visit the property to check if it has all the features mentioned in the list. Also, if you own a pet, make sure that the rental home you choose is pet-friendly.

Get Professional Help

Renting a house or an apartment requires comprehensive planning and research. Hiring a real estate agent can be a good way to shortlist suitable properties while saving your time as well as money. An agent can handle all tasks of a rental process, right from shortlisting homes to signing the lease agreement. He will also make sure that the selected properties meet all your requirements and you do not face any sort of inconvenience during the stay.

Perform A Thorough Home Inspection

Inspect a rental home inside out to make sure it doesn’t have any defect or issues. Making a checklist of all amenities, fixtures and appliances is a good way to start with the process. Check each room, back yard, deck, patio and lawn (if any) and note down if anything needs to be repaired or replaced. You can ask the landlord to handle all the repair work before you move in. Also, make sure the windows and doors are in proper working condition. Security should be a major concern when moving to a new rental home.

Be Prepared

The next step is to be ready with all the relevant documents required for the rental process. It is very important that you handle all the paperwork carefully and read all the terms and conditions mentioned in the lease. You must provide complete information in the rental application. All the important clauses like maintenance fee, due date for rent, pet policy etc., should be included in the agreement and signed by the landlord.

Honesty Is The Best Policy

When renting a home in Killeen, it is important to be honest with the landlord. You must provide him with the correct information regarding your job, financial status or any particular habit you may have. For instance, some tenants may have a habit of playing drums or hosting late night parties, which may cause inconvenience to the landlord. Similarly, the landlord needs to be informed if you work night shifts.

In addition to the above mentioned tips, you may also consider asking some questions from your landlord before moving in.

  • If renting with roommates is allowed. If yes, how many?
  • What are the rules regarding trash and recycling?
  • What are the quiet hours?
  • Is there enough space to store extra things?
  • Whom to call if in case of emergencies?

We, at John Reider Properties, provide a wide range of rental homes in Killeen, TX. The agents provide complete assistance in the rental process. For more information you can call at (254) 699 - 8300 or visit 455 E. Central Texas Expwy, Suite 101, Harker Heights, TX 76548.

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How To Be A Successful Landlord In Killeen, TX

by Administrator 12. August 2016 14:31

Being a landlord is a huge responsibility as you not only have to only make your rental business profitable but also make sure that your tenants stay for a longer period of time. In order to ensure that all the tenancy goes smoothly and efficiently, you need to keep some important things in mind. Listed below are some guidelines that can help you in becoming a successful landlord in Killeen, TX:

  • Screen the tenants: Letting your property to a wrong person can be a huge mistake. A bad tenant may be late with his rent payments or cause damage to your rental property. Therefore, it is important that you thoroughly screen all the prospective tenants to find the most suitable one for your property. Check out the applicant’s background, history of evictions, financial stability and general conduct. Always abide by the fair housing laws when rejecting a particular tenant or you may end up facing a lawsuit.
  • Have a clearly written lease agreement: A lease agreement is one of the most crucial aspects of any landlord-tenant affiliation. It is necessary to have a written lease agreement that specifies all the terms and conditions to be followed during the tenancy period. Get this agreement duly signed by your tenants and make sure they fully understand all the clauses mentioned in the document.
  • Stay in touch with your tenants: You should meet your tenants on a regular basis to know if they are facing any problems. Ask about any repair or renovation issues and get them resolved as soon as possible. Apart from this, it is also essential that you treat every tenant in a fair and respectful manner. This will earn you reputation and attract high-quality tenants in the future as well.
  • Take your business seriously: Renting a home comes with a lot of responsibilities and you should understand them well. You need to have an organized set-up and follow the regulations in a systematic manner to ensure good returns on your investment property. You should keep yourself updated with the latest real estate trends to have an idea of how you can improve your prospects in this field. Also, you need to develop a strategy to deal with any tenant issues well on time.
  • Handle renewals effectively: Renewing a lease agreement can guarantee a steady flow of income from your rental property in Killeen. However, if you are going to increase the rent after renewing the agreement, make sure you provide something in return to your tenants. For instance, you can get a fresh coat of paint to the rental property or lower the maintenance charges.

Contact John Reider Properties for assistance in renting your home in Killeen, TX. To know more, you can call us at (254) 699 – 8300.

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Renting Out Your Home In Killeen, TX: What To Expect

by Administrator 25. July 2016 07:13

Every landlord wants to get maximum profits out of his rental property. Killeen, being a military town in Texas, offers rewarding opportunities if you want to rent your home. As most people tend to stay only for a period of 3-5 years, they are likely to look for a rental property instead of buying. So, you need to plan out and take the right steps to make money out of your rental property in Killeen.

Below are some of the things that you can expect when renting out your home:

  • The time taken to rent out: If you have a big and expensive home, it will take more time to rent out. Not everyone can afford a luxurious home, so you may have to wait a little longer to get the right tenant. On the other hand, small homes with the basic amenities tend to be rented out much easily and quickly.
  • Best time to rent out: The perfect time to rent out your home in Killeen is when soldiers move in or out of the Fort Hood area. This is the best time to tap into the rental market and get the best tenants for your property. Get in touch with an experienced property management company in your area to know more details about the best time to rent out and prevalent rental rates.
  • The best areas to own a rental property: The rent prices may vary according to the location of your home in Killeen. As a landlord, you need to look for owing a property in one of the prominent and most sought-after localities. Some of the areas have seen a lot of commercialization in the recent past that has led to an increase in the number of rental properties. However, this also increases competition and eventually brings down the rent.
  • Determining the correct rent amount: Experienced property managers can assist you in determining the correct rental price for your property. They can tell you about the current rent trends in the market, find and screen suitable tenants as well as get all the requisite maintenance work done to make your property look attractive.
  • Make note of additional charges: Before renting out your property and deciding on the rent amount, make sure you include additional charges such as property management fees and maintenance as well as repair charges that you will have to incur. Chalk out all the expenses to ensure you do fetch enough income to accommodate these costs while making profit at the same time.

We, at John Reider Properties, can help you rent out your home in Killeen, TX. For details about the services provided, you can call at (254) 699 – 8300.

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Tips For First Time Landlords In Killeen

by Administrator 23. June 2016 13:21

If you are planning to rent out your property in Killeen, TX, it is important to know about the current market trends. You also need to make sure that your rental home is beautifully staged to attract suitable tenants. Whether you have an apartment, single-family home or a condo, you need to follow a set of guidelines to have a profitable rental business.

  • Make a list amenities that you plan to provide: Prepare a list of basic as well as add-on features that you will be providing to your tenants. These may include furniture, appliances, air conditioning system, room heaters etc. Additional facilities such as Wi-Fi connection, child-gates on stairs, security alarms, well-maintained lawn etc. can help you stand out from the herd.
  • Stage your home: Inspect your house thoroughly to check if anything requires repair or replacement. It is important to deal with all repairs beforehand so that the tenants do not face any inconvenience during the rental tenure. Keeping the property in top-notch condition also helps you set a higher rental price. The appliances should be working in optimum condition and all the old fixtures should be replaced with new ones. If the property has a lawn or backyard, make sure it is clean and well-lit.
  • Get your home insured: It is imperative to get home insurance as it will provide financial protection to your property as well as the contents in case of any unforeseen circumstances. The insurance rate may vary with the location, property type and amenities included in the property. It is recommended to consult your real estate agent to decide on coverage required for your rental home in Killeen.
  • Perform comprehensive tenant screening: In order to find a good quality tenant, it is important to check his financial background, credit history and employment status.  You must also make sure that the tenant does not have a criminal record. You can get references from employer as well as previous landlords to rest assured that you are renting your home to the right tenant.
  • State all the terms and conditions in the agreement: Specify all the terms and conditions in the lease agreement. You should include details such as rent, tenancy duration, type of occupancy, deposits and provision for pets etc. Also, mention all the eviction policies unambiguously and be prepared for negotiation with the tenants on any of the conditions set by you.

For assistance in renting your home in Killeen, TX, feel free to contact John Reider Properties at (254) 699 – 8300.

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