14655 Northwest Freeway
Houston, Texas 77040
What Do Our Clients
Think About Us
The service person was late.Due to show up at 8:30 AM he came after 10:00. Other than that, he was fast and professional and he left with the fan on the AC working and blowing cool air.Thank you for the timely maintenance.
I worked with Terra Residential for over10 years. First as property owner neighboring a property they were managing. For the last 5 ½ years they managed my property for me. They always kept the tenants taken care of as well as taking care of my property and notifying me with any situation. The records they kept and sent me were of the highest quality. They were very professional and personable at the same time. They were a pleasure to work with and I would not hesitate to use them again or recommend them to others. I would give them 5 stars +.
Professional Services for Your Investment
One definition of a property manager is "someone who manages real estate for another person for compensation." There are many duties involved, which include marketing the property, screening tenants, collecting rents, maintaining the property, handling tenant problems, and much more. On certain days, managing property can mimic a juggler keeping five or more balls constantly moving in the air. Some people view the property manager's job as being "all things to all people," but this is not a good formula for a successful investment.
We pride ourselves on providing "professional property management." When problems exceed our professional sphere and/or legal authority, we advise owners to seek other qualified "professionals."
A good insurance agent is an absolute necessity. They can advise landlords when policies shift, when new options are available, and of course, about the best coverage possible for the best price. The many disasters that occur throughout the year, such as hurricanes, floods, fires, and tornadoes, create periodic fluctuations in insurance policies and it is crucial to know when this happens. A reliable agent should review your investment insurance annually with you to analyze if your insurance is adequate or if it is time for an update to the policy.
Some investors are capable of preparing their taxes, but some are not. A good accountant and/or professional tax person can often save property owners money by knowing and using every tax advantage allowed. There are many deductions to improve the return on investment (ROI) and property owners should take advantage of every tax benefit available to them.
Real Estate Attorney
Too often, a property owner will contact an attorney they have used for other legal issues. However, not every attorney has the knowledge necessary for difficult landlord/tenant issues. For example, someone who is brilliant in corporate litigation could be a dismal failure when interpreting real estate law. Just like doctors, they specialize. The wrong attorney can be quite costly.
An investor wants to feel they are getting the best possible advice when they are buying, selling, or re-financing. Loans, fees, and interest rates can yo-yo up and down. A good loan person can map out all the hidden fees, best plans available, and advise how different types of mortgages will perform over time.
Real Estate Appraiser
Many times owners request that a property manager provide them with an "appraisal" of their property. As your property manager, we do have the knowledge and information to establish market rents for renting your property. However, a qualified "appraiser" is required to establish real estate values and potential rents for lending institutions and/or attorneys for legal matters, such as a trust or inheritance.
When problems occur on properties, such as lead-based paint or mold, it is an "absolute must" to contact a specialist. Many vendors are not qualified under federal and/or state laws, and the work often requires special licensing. As environmental lawsuits continue to increase, it is dangerous to ignore paying for a professional, particularly if legislation requires it.
Rising estate litigation over the years created new laws and requires "more disclosures" in the real estate/property management business. This has led to the development of other services and one example of this is the home inspection business. A home inspector surveys the property, prepares a detailed report, and often provides recommendations for repair or preventative maintenance. This can result in savings for an investor.
There are more services not listed in this article that could also be required for various reasons. When we recognize the need for a professional outside our property management area of expertise, we will advise you and if possible, provide referrals. A good property manager is not "all things to all people" and in fact, this is illegal in many cases. A combination of services is often necessary for the "Success of Your Investment."
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.