Owning a rental property can turn out to be a lucrative option if you maintain it properly. It should be regularly inspected for any repairs that need to be done. With the cut throat competition in the real estate market of Harker Heights, TX, you need to devise a comprehensive plan to maximize profit from your rental home.

• Increase your rent strategically: If you plan to raise the rent of your home, make sure you consider the rental amount offered for similar properties in your area. You can increase your rent based on the location, excellent condition or updated décor of the house. You can also claim the maintenance or the repair cost from the renters.
• Install solar panels: You can install solar panels on your home to cut down on electricity bills. This will not only attract more tenants to your house but they would also be willing to pay a higher rent for this additional feature.
• Extra storage space: Extra storage space in your house can be an added advantage for the tenants. Your property can catch the attention of a large number of tenants if you also have car parking space, extra wardrobes, attic or a guest room.
• Appliances and furnishings: It is convenient for the tenants to move in furnished houses as bringing own furniture in the rental house can be quite troublesome. Appliances such as fridge, stove, washer dryer etc. enhance the value and utility of a rental house. You must make sure that these appliances are in proper working condition.
• Implementing pet fees: Most of the tenants looking for a rental property carry their pets along.  Considering the limited number of pet-friendly properties in Harker Heights, allowing tenants with pets can prove to be an added advantage for your rental home.
• Late payment fee: You can charge a late payment fee if the tenants are not able to pay the rent on time. However, make sure that you state the rent due date and late payment charges in the tenancy agreement.

We, at REAL Star Property Management, LLC, can help you rent out your home in Harker Heights. Our agents will make sure that you receive the maximum returns from your investment property. To know more about our rental services, feel free to call us at (254) 693 – 7850 or visit our office at 3901 E Stan Schlueter Lp Ste 100, Killeen, TX 76542.