The biggest concern for most out of state and international investors is: vacancies. We understand this and we only work with the best Property Management Companies with outstanding service to ensure the proper tenants are in place.
Our property management companies will collect rent for you, deal with the tenants and dispatch the proper service providers should any repairs be needed.
In partnership with our Property Management Company, we understand the local market and we go into areas with high demand for rental homes. The Property Management Company pre-screens all potential tenants and ensures the right tenant is put in place with a long-term lease. This allows you to purchase properties that cash flow from day one.
As soon as the Offer for Purchase is accepted, the search for tenants begins. Our Property
Managers begin aggressively advertising in order to attract the highest number of quality tenants who are then placed into our units. Our newly renovated units attract many and they are filled quickly.
Cash Flow Texas preferred Property Management Company is based in Houston, representing dozens of property investors and rental property homeowners. They also belong to a professional member of the National Association of Property Managers
(NARPM). You benefit from their experience and extensive knowledge, which will guide you through any and all obstacles you may be faced with. They are one of the very few select management companies accredited by the BBB with an A rating.
Vital tenant information will be checked prior to renting your property; from credit and employment checks, to researching landlord references and civil/criminal court records in states where available by law.
The Property Management Company only uses licensed and insured vendors for repairs and ensure repairs are fixed in a timely and cost-effective manner. They put an end to the middle-of-the-night repair calls.
Our Property Management Company has a Full time very experienced office manager to ensure all rents are paid on time and all tenant relations are handled immediately and professionally.
The title insurance industry has been protecting the American dream of homeownership for more than 125 years. Real estate property is the nation’s largest asset. The behind-the-scenes work of title companies ensures the quick and secures transfer of land, fostering lender and consumer confidence in their real estate investments.
Title Insurance is substantially different than other types of insurance coverage, which can often lead to a misunderstanding of the product. Title insurance emphasizes risk prevention rather than risk assumption. In addition, title companies pay millions of dollars each year in claims.
Title insurance protects the Mortgage Company, buyer, and seller if someone challenges your property title because of title defects unknown at the time you bought the policy. Possible title defects include:
Before issuing a policy, title companies check for defects in your title by examining public records, including deeds, mortgages, wills, divorce decrees, court judgments, tax records, liens, encumbrances and maps. The title search determines who owns the property, what the outstanding debts are against it, and the condition of the title.
Title companies also handle property closings and hold earnest money in a trust account until a purchase is complete.
Through our partnership with various private lenders, many of our clients are able to secure financing for their portfolio properties. Typically these lenders provide financing at 50% loan-to-value with interest only payments of 9% annually.
Example:
$100K Purchase Price
$50K Down Payment
$50K Mortgage Loan at 9% Interest
The annual interest on $50,000 at 9% is $4500, which when divided by 12 months would result in a monthly mortgage payment of $375. Typically, the underwriting process takes 5 – 10 days to approve for each investment property; however, in many cases our properties have already been pre-approved for financing.
Property insurance provides protection against most risks to your investment property, such as fire, theft and some weather damage depending on the State. If you are thinking of purchasing an investment property for your portfolio, you must have Building insurance at a minimum, which includes the full replacement cost of the property and also includes protection against theft, wind and hail. We suggest each property should carry a minimum of $1 Million liability coverage.
Before handing the keys over to your tenant, it is very important to ensure they have tenant and content insurance. The tenant must provide a copy to you or to your Property Management Company before they move in.
Insurance is calculated by using these factors to estimate the likelihood that you or others in similar circumstances, will make a claim and what the cost will be.
Quality Control Manager oversees the evaluation of a finished product for quality and reliability. They assist in the development of our quality control standards. Our Quality Control Manager requires a construction background with an emphasis on full property renovations. Must have managed several renovation projects and familiar with a variety of the field’s concepts, practices, and procedures. Relies on extensive experience and judgment to plan and accomplish goals. Performs a variety of tasks. Leads and directs the work of the crew. Our Quality control manager is in charge of ensuring our investment properties meet acceptable quality standards. Their day-to-day tasks, includes but not limited to:
Monitor renovations:
