A Guide to Creating a Rental Property in Harlingen

Rental properties are a great business that can become a consistent source of income if you make the investment.

If you’re considering developing a rental property in Harlingen and don’t know where to begin, our property experts at SRC Land can help! Let us share a few essential tips to consider when investing in a rental property.

 

What Is a Rental Property Business?

Entry-level real estate businesses begin with rental properties. These types of investments are likely to give you a high amount of income in return. 

Investing in a rental property involves leasing one or more units to tenants for a monthly rental charge and any additional monthly or yearly fees. You can choose to handle all of the rent collection and maintenance yourself as a landlord or hire a property management company to work on all the details for you. 

 

Tips to Consider When Developing a Rental Property

 

1. Research

First and foremost, investing in a rental property requires a good amount of research, whether you’re a novice or experienced. Be sure to research the types of rental properties you are interested in and take any laws, regulations, and taxation into consideration. 

Rental properties are part of the real estate market, so focusing on where the market is going will benefit your investment in the long run. Knowledge is power, hence researching every aspect of your investment will get you far and help you reap the most rewards!

2. Picking a Niche

Rental property businesses often come in many different shapes and forms to take in mind. Each niche requires its own set of rules, regulations, and strategies. Two of the more popular niches to consider looking into are:

        • Long-term rental properties: These rental properties are also known as traditional rental properties. This form involves renting to tenants on an annual or month-to-month basis. Benefits of long-term rental properties include consistent income, easier to manage (yourself or with the help of a property manager), and you may have tenants pay for utilities. 
        • Short-term rental properties: An excellent example of a short-term rental property is Airbnb. Short-term rental properties may offer higher income potential, require more hands-on maintenance, and you may have the ability to change your pricing at will.

3. Networking

Networking is a significant step to help you create a successful rental property. Consider joining a local real estate investment club, association, or group.

Our property experts at SRC Land are a great way to begin the process of networking. With their knowledge and help, you can start searching for commercial properties for sale in Harlingen. 

4. Location

Part of researching requires knowing the details of the location you wish to begin your rental property business. The entire real estate market depends on it! Luckily for you, SRC Land will help you pick the right location for your rental property.

Currently, SRC Land serves the following areas:

        • Harlingen
        • Rio Grande
        • Los Indios
        • La Feria
        • San Benito
        • Rio Hondo
        • Donna
        • Los Fresnos
        • Brownsville
        • Houston

5. Financing

If you are an entrepreneur looking to buy land to make a commercial property, reach out to our dedicated team today to learn more about how we may help you! via @SRCLand #sellerfinancedland #commercialpropertyinharlingen #HarlingenTX
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We make it possible to purchase properties with our seller financing options thanks to low down payments and affordable monthly payments. We help make it possible for people with bad or no credit to own land and make their business goals a reality in Texas.

Our seller-financing will help you by offering:

        • Lower prices
        • Personalized terms
        • Low-interest rates
        • Quick & cheap closing
        • Financing regardless of credit
        • No requirements for mortgages

6. Organize/Systemize

As a new rental property owner, you will need to have a system in place for your tenants. Various things to consider are applications, credit, and background checks. Consider organizing multiple systems in place for each process before it’s time to rent out your rental property. You can do this yourself or hire a property management company or manager to help you out!

7. Make a Business Plan

The key to beginning your own rental property business is a business plan. Some essential vital points when making a business plan for your rental property are:

        • Vision: To have a vision is to have a mission. Keeping your vision secure will help you pave your path towards success.
        • Income Goals: Knowing how much wealth you wish to make will ultimately depend on the vision you have in mind and the niche you choose. 
        • Structure: A rental property may need an excellent team to help you fulfill your vision. Consider hiring a team of experienced people that will help manage and bring success to your rental property.
        • Marketing: Figuring out how to spread the word about your new rental property is as essential as knowing your vision. Utilizing intelligent marketing tactics, like social media or word-of-mouth, or hiring a marketing team, will help reach more people looking to rent. 

 

Invest in Rental Property with SRC Land Today

Starting a rental property is an exciting journey to take on, and our property experts at SRC Land are here to help you find the perfect property for you! With our knowledge and expertise, we will help you take advantage of our seller financing options to make your dreams a reality and start you off on your path to becoming the best rental property owner you can be. 

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Beautify Your Lot With These 3 Fall Flowers

One of the pros of living in South Texas is the year-round subtropical climate that we get to experience.

Our seasons range from warm (February to April) to hot (May to September) to warm-cool (October to January). With so many sunny days in the Rio Grande Valley (RGV), residents with green thumbs have plenty of opportunities to flex their gardening skills.

Even if you don’t consider yourself an expert when it comes to plants or gardening, the year-long warm seasons consistent across the RGV make it very possible to beautify your property with a variety of colorful and vibrant flowers. via @SCRLand

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With various lots available in Cameron County, SRC Land can help you find the perfect piece of property to begin adorning with gorgeous plants and flowers – the best part? Our seller-financing options make it extremely possible for you to become a landowner in no time.

Let’s review some charming options to consider planting on your lot for the upcoming growing season.

3 Fall Flowers to Grow in South Texas

Because there are so many options to choose from, it can be overwhelming to decide which flowers to consider for your lot. Don’t worry though, we’ve made it easy and narrowed it down to these three colorful plants:

1.Chrysanthemum – A quintessential fall flower, Chrysanthemums (also referred to as “mums” for short) bring a vibrant burst of color to any garden. These lovely plants are members of the Asteraceae (Compositae) family and are related to other popular flowers such as marigolds, cosmos, dahlias, and sunflowers.

Their appearance can range from small cushion mums to giant spider mums. The blooms are made up of many tiny flowers referred to as florets and they come in pink, yellow, orange, purple, red, and white color varieties.

This plant typically grows to a width and height of 1 to 3 feet, so keep that in mind when mapping out your placements. When planting these seeds, place them where they’ll receive plenty of sunlight and away from any trees or big shrubs that could potentially overshadow them.

2.Zinnias – A great choice for beginner and novice gardeners, Zinnias are some of the easiest flowers to grow. This option is known for growing quickly and blooming heavily, so you can definitely expect them to add a huge surge of color to your lot.

The flowerheads are comparable to daisies, but they come in three variants: single-flowered (single row of petals, visible center), double-flowered (multiple rows of petals, no visible center), and semi-double-flowered (multiple rows of petals with a visible center).

Although these plants come in a variety of shapes and heights, each is available in yellow, red, white, purple, red, pink, and orange colors. Plan to plant these in an area that will receive full sunlight and good air circulation.

3.Petunias – Petunias are known for their delicious scent, vibrant blooms, and long flowering period. These charming plants come in multiple colors/bicolors, sizes, and forms (including milliflora, floribundas, grandifloras, multiflora, and spreading hedgiflora).

Though you can plant these from seeds, it’s much easier to buy young plants from nurseries and transfer them to your garden. Multiflora, spreading hedgiflora, and floribundas are best suited for this method.

Miliflora and grandiflora are great options for planting in containers since they’re more susceptible to rain damage and overwatering.

Like the aforementioned options, these plants don’t flower well in shade and require a lot of sunlight. For petunias in containers, make sure to use a potting mix that will drain well.

Find the Perfect Lot to Beautify with SRC Land

For many Americans, the dream of owning property also comes with the anticipation of being able to design an appealing landscape that will turn heads and inspire awe.

SRC Land has years of experience in helping people become landowners in the Rio Grande Valley and can guide you through the often intimidating land buying process.

Our sales experts can provide you with a variety of affordable lots to choose from even if you have bad or no credit. Contact us today to learn more about how we can help!

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