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All Forum Posts by: Lane Berry

Lane Berry has started 0 posts and replied 21 times.

Post: Houston Housing Stats August, 2024

Lane BerryPosted
  • Property Manager
  • Houston, TX
  • Posts 21
  • Votes 10

It's going to be interesting to see how slightly lower rates affect the fall. Also, at what point do institutional buyers re-enter the market aggressively. 

Post: $5.5M portfolio with 10 properties in 6 months

Lane BerryPosted
  • Property Manager
  • Houston, TX
  • Posts 21
  • Votes 10

Hey Mesturah,

Welcome to the platform, I am a newer member as well. That is an impressive amount of growth in a short period. What type of properties do you target?

Great info! I think these regulations improve accountability, generate revenue, ensure fair competition, protect neighborhoods, address housing shortages, and promote responsible property use. Going to be interesting to see how many investors continue to switch to LTR's. 

Post: anyone heard about Pradera Oaks?

Lane BerryPosted
  • Property Manager
  • Houston, TX
  • Posts 21
  • Votes 10

Yes, that makes sense. Assuming they are leasing and managing it efficiently. 

Travis is right, 2 of the main insurance providers pulled out of Texas in the last few months. Premiums are up at least around 20% in that timeframe. 

Post: Houston Section 8 Payment Standards Dropped Significantly in 2024

Lane BerryPosted
  • Property Manager
  • Houston, TX
  • Posts 21
  • Votes 10

@Lance Mel Section 8 isn't easy in Houston. The approval process for vouchers and red tape involved getting it set up is a real struggle. 

Post: anyone heard about Pradera Oaks?

Lane BerryPosted
  • Property Manager
  • Houston, TX
  • Posts 21
  • Votes 10

Hey @Yonna Wu, we have a couple clients that have rentals in the Rosharon area. It's developing rapidly and has demand for tenants. Depends on the cap rate for a given property. 

Post: Houston House Hacking Strategy

Lane BerryPosted
  • Property Manager
  • Houston, TX
  • Posts 21
  • Votes 10

@Dan Kiely Independence Heights and Garden Oaks are similar to Edo as well. Product/price wise. 

Post: First rental home purchase help!

Lane BerryPosted
  • Property Manager
  • Houston, TX
  • Posts 21
  • Votes 10

@Sal Riz I work for a Property Management company here in Houston. Our clients use several different local CPA's that specialize in Real Estate. I'd be happy to get there info and pass your way. Also, we can help with market analysis as you shop around. That way you can have a pulse on the rental market to buy with conviction on expected rents. 

Post: Investing in Houston

Lane BerryPosted
  • Property Manager
  • Houston, TX
  • Posts 21
  • Votes 10

Hey @Sebastian Lough, I see I am late to the party thought it could be worth checking in on your progress. We are a Property Management company managing over 250 doors in Houston that provides a complete hands-off solution for our clients. Have you had any luck or need any market analysis?