Houston Property Management Tips

February 2010: Terra Residential OWNER Portal

Sunday, January 31, 2010
Many of you have been requesting more online and we have been listening. TRS is pleased to announce that we are now offering online electronic statements and documents. We now have our secure online OWNER PORTAL through our website at terraresidential.com where you will have the ability to view, print, and download your monthly stateme...

January 2010: Terra Residential Services is GOING GREEN !!

Thursday, December 31, 2009
As announced last month, TRS is also making a change in our monthly Owner Statements beginning this month (January). We now have the ability to place a note on your statement that gives you the details of exactly what work was performed on a particular invoice. This note will replace the invoice copy (bill) that is presently sent wi...

December 2009: The Personal Touch When Communicating

Monday, November 30, 2009
The 2009 year definitely has mixed reviews – interest rates are still low, the stock market is working toward recovery, and many throughout the country have been working tirelessly to help furnish jobs, feed the hungry, and aid disaster victims. However, it has been particularly difficult year for many people in 2009. There is ver...

November 2009: 12 Practices to Maintain your Investment

Saturday, October 31, 2009
Our newsletters cover many issues, but as we move toward 2010, we want to review twelve practices that we, as your management company, use to protect your investment. 1. Support Fair Housing  This is crucial to successful property management. This covers such a vast area such as advertising, showings, tenant selection, equal opp...

October 2009: Update on Lead-Based Paint

Wednesday, September 30, 2009
Lead base paint has been of utmost importance since March 6, 1996, when the Environmental Protection Agency (EPA) & Housing & Urban Development (HUD) released regulations on the Residential Lead Based Paint Hazard Control Act. Additionally, the EPA invoked the Lead-Based Paint Pre-Renovation Education Rule, requiring notification...

September 2009: Realizing the Benefits of Professional Management

Monday, August 31, 2009
Many times property owners question property management services because of the fees. Now with a distressed economy, this can become an even bigger question when a difficult market puts investment finances to the test. After quoting our fees to a prospective client, we often hear - "you want that much money for just collecting the rent?"...

August 2009: Warning Signs on Showings and Applications

Friday, July 31, 2009
As experienced property managers, we have learned to recognize certain warning signs or red flags when marketing properties and taking applications. Here are some we encounter while showing properties: The applicant is willing to pay more than the offered rent and security deposit. They will pay everything in cash, but do ...

July 2009: Should You Allow a Tenant to Paint

Tuesday, June 30, 2009
Often current or prospective tenants will negotiate with property owners on painting. The owner usually will consent to this with one thought in mind - saving money. However, they do not realize the problems that it can create, particularly if they do not outline any limitations when it comes to the painting. If while showing the pro...

June 2009: When the Tenant Calls

Sunday, May 31, 2009
You employed professional Property Managers to handle maintenance, rent collection, and difficult tenant situations. Then the phone rings and it is your tenant. There can be several reasons for a tenant call. You and your tenant know each other from previous contacts, so the tenant calls you directly. They figure they do not have t...

May 2009: Tune up your investment for spring and summer

Thursday, April 30, 2009
There are great reasons to review spring and summer maintenance. The first is preventative maintenance. The second is to keep your investment in tip-top shape to attract good tenancy. In today's rental market, this is particularly important. In addition, providing repairs can definitely reduce an owner's liability. Small Repairs, Bi...

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