Terra Residential - Houston Property Management
June 2016
Address
14655 Northwest Freeway
Suite 124
Houston, Texas 77040
Houston's only
Certified Residential
Management Company.
Specializing in Investment
Brokerage & Management
since 1990.
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What Do Our Clients
Think About Us
Google 5/8/16
I am a California broker and TRS has managed properties for me personally in the past and has managed properties for clients of mine since 1994. These clients still own their investments after 22 years because TRS has done such a good job managing them. I highly recommend you use this company for all your property management needs in the Houston area.
Reputation.com 5/4/16
We were very happy and satisfied with your service. Thank you very much for renting the home to me and my wife.
Our Services
  • Leasing
  • Make Readies
  • Rent Collection
  • Evictions
  • Electronic Statements
  • Online Payments
  • Property Acquisitions
  • Sales
  • And More
Serving You
Michael Mengden
MPM®, RMP®, GRI®
TRLP, TRLS, TRPM
President/Broker

(713) 895-9966 x305
mmengden@terraresidential.com
James Dominy, TRLS TRPM
Property Manager

(713) 895-9966 x308
jdominy@terraresidential.com
Jennifer Steward, TRLS TRPM
Property Manager

(713) 895-9966 x306
jsteward@terraresidential.com
Rebecca Roeber, TRLS
Property Manager

(713) 895-9966 x307
rroeber@terraresidential.com
Macey Vasquez
Assistant Property Manager

(713) 895-9966 x303
mvasquez@terraresidential.com
Judy Wyble
Administrative Assistant

(713) 895-9966 x301
jwyble@terraresidential.com
Using Effective Documentation
Today, when you buy or rent a property, the amount of paperwork required is often staggering. Once upon a time, an agreement to purchase or rent a property was one page, but now the basic agreement is multiple pages often accompanied by multiple disclosures or addendums.
In any area of the country, it is increasingly important in today's investment market that the rental documents can withstand legal action. Increased landlord/tenant disputes have promoted longer and more detailed agreements. The paperwork we use in our company is continually evolving and changing because we recognize the importance of keeping up with the changes in our industry. This is why we join professional organizations and attend seminars and workshops with our peers, so that we can obtain and implement the most current information and practices.
There are certain documents that are a necessity and the first is a comprehensive rental agreement, whether it is a lease or a month-to-month agreement. While most states still recognize a verbal agreement as legal between a property owner and tenant, the majority require a written agreement for real estate/property management companies. Whether it is an individual or a professional property manager managing the property, an effective written agreement is the only sensible course of action.
Although rental agreements incorporate as much documentation as possible, there are certain issues that require necessary addendums to be included. Examples of addenda are mold, pet, and property condition. Legislation can require an addendum, such as lead-based paint for properties built prior to January 1, 1979. While some are standard, the physical attributes of the property can determine further documentation - for example, an addendum for a pool.
Certain elements are necessary in rental documents to make them effective and here are some crucial ones.
  • The documents must be legal. The rental agreement must comply with current legislation - whether federal, state, or local. Written notices, the term of the agreement, amount of the security deposit and rent, habitability, and the right of the landlord to enter are just a few examples that are normally determined by federal and state law. When new legislation occurs, it is vital to implement changes to the rental documentation immediately.
  • The documents should be readable. If an attorney is the only one who can understand the content because of complicated "legalese," it could create future tenant problems. While incorporating the legal content into the rental agreement is a key issue, it is just as important that all parties can read and understand what they are signing. After all, it is a binding agreement between property owner and tenant.
  • Rental documents should clearly define the terms of the agreement. Examples are definition of landlord/owner and tenant, the property manager's authority, the financial obligations of the tenant, when funds are due, and whether it is a lease or month-to-month agreement.
  • The documents should include the accountability of all parties involved. It is necessary to include items such as compliance with local, state, and federal laws, use of premises, abandonment, assignment and subletting, maintenance, substance abuse, etc.
  • The owner and/or the owner's authorized agent and all tenants of legal age must sign the documents. If signatures are missing, it is not binding to those who do not sign.
Every year, more landlord/tenant issues become new court decisions and legislation, whether federal, state, or local. One of our primary company goals is to stay in tune with current events and incorporate what is necessary into our rental documents so that we can provide the best possible management service to you.
Announcements
Check Your Insurance: Events can happen - flood, extreme heat, hurricanes, fire, and more! It is important to check your insurance to obtain the best coverage possible and ensure that it is current. Review now with your insurance agent before a disaster/emergency occurs.
If An Emergency Occurs: Our first priority during any emergency is to handle the situation, taking any necessary measures for the safety of your property and your tenants. Then, we will contact you as soon as we are able.
Terra Residential - Houston Property Management

The material provided in this newsletter is for informational and educational purposes only. It is NOT legal advice.
Although we believe this material is accurate, we cannot guarantee that it is 100% without errors.

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