Rental market in Houston/Pearland TX?

[Nicholas Guillemette]

Thinking about buying some SFH rentals in the Pearland area. Looking at homes priced at 100k which I perform light rehab and rent at 1200. My strategy is long term buy and hold.

Anyone have experience in this area of Houston?

[Leigh Ann Smith]

Hi @Nicholas Guillemette , welcome to Biggerpockets! My husband and I are new investors looking for SFH's on the south side of Houston. too. We are not focusing on Pearland, but when looking at Zillow Rentals, I've noticed quite a few homes for rent (and some for sale) in Rodeo Palms. The rents are a bit high, and I suspect that's why there are lots of them available. The homes are relatively new, and they may be priced too high to make them good buy and hold properties. I haven't driven around over there, but someone told me that a lot of the houses aren't being well kept up, which leads me to believe that lots of them could be rentals.

Another little anecdote is that I have a friend living in a <1500 sq. ft 3 br house that was probably built in the last 10-15 years. It's in a subdivision behind Strickland Chevrolet.  I think they're paying around $1600/month for rent, but those houses are valued in the $150K range.

Hop over to the new member's forum and introduce yourself.  You'll be greeted warmly and will probably get some good newbie advice, too!