Are you planning on buying rental property in Houston?
Are you interested in purchasing another investment property in the Houston area to expand your real estate portfolio?
Are you new at buying investment properties and don’t really know how or where to do it successfully?

To help you see the perks of being a landlord in Houston, we have prepared a short overview on why Houston is one of the best cities for buying investment properties, local rental market information, as well as tips for buying investment property in Houston.

The best places to buy investment property in 2022

Starting out in the world of real estate investing can be a bit intimidating despite its amazing benefits in diversifying your investment portfolio, building wealth, earning cash flow, and benefitting from tax advantages. And while the real estate market can be highly unpredictable, the US housing market still remains a seller’s real estate market, where interest rates remain low, inventory continues to fall, demand is strong despite the insane rising prices of homes. All these factors have contributed to the fact that most would-be-owners and potential buyers are finding it hard to buy their first home and choose to rent a home instead of buying one.

As many people are moving to the suburbs during the COVID-19 pandemic to be with their families, reduce the risk of contracting the virus, or due to economic reasons, you may want to consider this factor as well as high rental occupancy, and low tenant default rate when choosing the best place to invest in this year.

So, if you’re an investor or starting to invest in property consider these places to invest in real estate in 2022, Forbes has listed real estate markets that are ‘good candidates for single-family investment‘.

Why Invest in Houston Rental Property Now

Houston has a diverse job market, strong economy, rapidly growing population, and various affordable investment properties with appreciation potential. These are just a few reasons why Houston is an ideal and one of the all-time best places when it comes to secured long-term real estate investments.

Housing Area Economic Statistics​

• Median Household Income: $69,193 (as of 2019)
• Population: 2,325,353 (2022)
• Population Growth Rate: 0.83% (2021)
• Unemployment Rate: 4.8% (2021)
• Job Growth: +75,000 jobs will be added this year

Real Estate Home Values & Rents as of December 2021

• Median Price of Single-family Home: $319,000
• Ave Price of Single-family Home: $392,449
• Median price of Townhome/condominium: $220,000
• Ave price of Townhome/condominium: $258,139
• Single-family Home Ave Rent: $2,042
• Townhome/condominium Ave Rent: $1,731

How to Purchase Investment Property in Houston

Apogee Properties is a full-service property management company in Houston that has been serving the Houston area for over 10 years with our team of local property managers. Our search rental feature will allow you to see available commercial and residential property leases in the following areas – 𝘏𝘰𝘶𝘴𝘵𝘰𝘯, 𝘎𝘢𝘭𝘭𝘦𝘳𝘪𝘢, 𝘔𝘦𝘥𝘪𝘤𝘢𝘭 𝘊𝘦𝘯𝘵𝘦𝘳, 𝘔𝘶𝘴𝘦𝘶𝘮 𝘋𝘪𝘴𝘵𝘳𝘪𝘤𝘵, 𝘚𝘱𝘳𝘪𝘯𝘨 𝘉𝘳𝘢𝘯𝘤𝘩, 𝘉𝘦𝘭𝘭𝘢𝘪𝘳𝘦, 𝘏𝘦𝘪𝘨𝘩𝘵𝘴, 𝘔𝘦𝘮𝘰𝘳𝘪𝘢𝘭, 𝘗𝘦𝘢𝘳𝘭𝘢𝘯𝘥, 𝘚𝘶𝘨𝘢𝘳𝘭𝘢𝘯𝘥, 𝘊𝘺𝘱𝘳𝘦𝘴𝘴, 𝘑𝘦𝘳𝘴𝘦𝘺 𝘝𝘪𝘭𝘭𝘢𝘨𝘦, 𝘔𝘪𝘥𝘵𝘰𝘸𝘯, 𝘙𝘪𝘤𝘦 𝘝𝘪𝘭𝘭𝘢𝘨𝘦, 𝘜𝘱𝘱𝘦𝘳 𝘒𝘪𝘳𝘣𝘺, 𝘋𝘰𝘸𝘯𝘵𝘰𝘸𝘯, 𝘒𝘢𝘵𝘺, 𝘔𝘪𝘴𝘴𝘰𝘶𝘳𝘪 𝘊𝘪𝘵𝘺, 𝘚𝘩𝘢𝘥𝘺 𝘈𝘤𝘳𝘦𝘴, 𝘞𝘦𝘴𝘵 𝘜𝘯𝘪𝘷𝘦𝘳𝘴𝘪𝘵𝘺, 𝘍𝘰𝘳𝘵 𝘉𝘦𝘯𝘥, 𝘒𝘪𝘯𝘨𝘸𝘰𝘰𝘥, 𝘔𝘰𝘯𝘵𝘳𝘰𝘴𝘦, 𝘢𝘯𝘥 𝘚𝘱𝘳𝘪𝘯𝘨. To view a sample of up-to-date information for each area we serve, you can schedule a free consultation by contacting us or calling us directly at 713-339-1119.

3 Rental Property Investment Tips in 2022

1. Do your Homework
The road to investment leads to many doors and property investment is just one of the many options. While some are perfect for beginners, others require more experience or an expert opinion. So, if you are looking into rental properties, make sure that you do your homework and are well informed on the current trends, and understand the local market. Moreover, it’s crucial to be aware of the benefits and risks related to rental property investment to minimize mistakes and ensure success. Find a qualified real estate professional to help you find the right location and really educate you in the areas that pique your interest. And if you’re ready to find one in Houston, get started now.

2. Decide if you’re ready to be a Landlord
Being a landlord is a full-time job and it involves being constantly aware of the current rental trends such as rent, income, interest rates, unemployment, crime rates, and rental laws in your chosen state or area just to name a few. Aside from your legal landlord responsibilities, you also have property maintenance responsibilities and safety code regulation duties for your tenants. There is a lot of responsibility in being a landlord and as long as you have all the time, knowledge, and energy to manage your property then it’s fine to self-manage your rental property. But if you don’t, stop being a jack-of-all-trades and leave it to the experts.

3. Don’t be afraid to Leverage the Experts
Real estate investing is more than just buying a property and having it rented. Like any other business, it requires research, planning, execution, and management. Consider the benefits of hiring local professional property management services to help you manage your rental property. While self-managing is an attractive option, you may want to weigh the pros and cons of self-managing vs hiring a property manager to manage your rental property investment. Taking advantage of the services of a local property manager is one of the best choices that you can do since they can conduct the due diligence on your behalf and help you get to know your chosen real estate market. You can save yourself time, money, and headaches by hiring a property manager to manage your rental property. or building a team of qualified attorneys, accountants, and bookkeepers.

Buying your first investment property is truly an amazing yet demanding achievement. Not only that it requires money, building your investment portfolio with a rental property requires a lot of research and resources. We hope that the information we provided has helped you on your journey towards property investing. If you need more information, start your investment property search with Apogee Properties.

Let us help you find your first investment property opportunity!

Work with Apogee Properties

Apogee Properties is Houston’s Premier Property Management Company. We work and live in Houston and our property managers are local. We’ve been in business for more than a decade providing comprehensive property management services in the Houston region ranging from a studio condo to a multi-family million dollar estate. Contact us to learn more about our property management services, and what we can do for you and your rental property.

Get your property managed today!