By Tom Branch, on December 29th, 2013  Plano Texas is a fabulous place to live and work. With companies and people relocating to Plano, there are more and more inquiries about rental and lease homes. Some people prefer to lease upon their arrival to give them time to decide where they want to later purchase a home.
Many of our relocation clients are executives looking to lease a luxury or executive home while they get settled into new jobs and the area. The good news is Plano has plenty of housing with local lease prices ranging from $1500 to over $10,000 per month.
Luxury homes are usually bigger, custom or semi custom built, located on larger lots, and many have pools. These homes offer top of the line amenities including hardwood floors, upscale kitchens, soaring floor plans, studies, media rooms, and game rooms. Lease prices start around $3000 per month and can be over $10,000 per month depending on the size, quality, and location of the property.
Click here to see all luxury homes for lease in Plano Texas.
Contact us at 214-227-6626 if you have questions or require additional information.
Photo: Licensed from Unique Exposure Photography
By Tom Branch, on November 23rd, 2013 
Located in the shadow of the Baylor Medical Center at Lake Forest and US 380, this DR Horton home is ready for tenants. There are 4 bedrooms, 2.1 baths, and 2168 square feet of living space per the builder’s plan. Click on any photo for a larger view.
The open kitchen has plenty of storage space, dark cabinets, black appliances and decorative lighting.
The large living has soaring ceilings and a wall of windows overlooking the fenced backyard and patio. The home is wired for a flat-panel television above the wood-burning fire place. The staircase has oak handrails and cast iron balusters.
The master suite sits at the rear of the house. The master bath has a jetted tub, separate shower, dual vanities, and a walk-in closet.
Imagine yourself sitting on the balcony in the morning enjoying a hot cup of coffee enjoying the view of the greenbelt.
The home is within walking distance to the new McKinney Baylor Medical Center.
Video Tour of 2232 Canyon Point, McKinney, TX
Current status, pricing, details, photos and a virtual tour
Please contact us at 214-227-6626 for more information or to schedule a private showing of this home.
Photos and Video: Copyright 2011 Imaged2Sell
By Tom Branch, on July 12th, 2013 
4 Bedrooms | 2.1 Baths | 2 Car Garage | 2484 SF per Tax
Wow! This fantastic San Antonio Ranch home is available for sale ($298k) or for lease ($1895 monthly). This custom home was built to take advantage of the elevation and the dramatic views of the canyon to the south. The zeroscaped lot is heavily treed with mountain laurels and other natural vegetation.
View Larger Map
Great Room
View from Main Deck
Kitchen
Master Suite
Virtual Tour
Contact us at 214-227-6626 for more information or to schedule a showing.
Photos and Media Copyright 2012 – Used with Permission
By Tom Branch, on August 10th, 2012
4 Bedrooms | 2.1 Baths | 2 Car Garage | 2484 SF per Tax
Wow! This fantastic San Antonio Ranch home is available for sale ($298k) or for lease ($1895 monthly). This custom home was built to take advantage of the elevation and the dramatic views of the canyon to the south. The zeroscaped lot is heavily treed with mountain laurels and other natural vegetation.
View Larger Map
Great Room
View from Main Deck
Kitchen
Master Suite
Virtual Tour
Contact us at 214-227-6626 for more information or to schedule a showing.
Photos and Media Copyright 2012 – Used with Permission
By Tom Branch, on April 27th, 2012 
4 Bedrooms | 2.1 Baths | 2 Car Garage | 2456 SF/Tax
Nice single-level home in Lost Creek Ranch. Open floor plan with high ceilings. Kitchen has 42 inch cabinets, tile backsplash, walk-in pantry, and ceramic tile floors. Large family room with fireplace overlooks the pool-sized back yard. Split master suite has jetted tub, separate shower, dual vanities, and walk-in closet. Stacked formals. Extended patio and sprinkler system. Recent exterior paint. Minutes from the Shops in Allen and US 75.
Click here for more details, photos, virtual tour, status, and pricing on this Allen TX Home For Sale.
Click here to see all homes for sale in Allen TX.
Contact us at 214-705-2470 for more information or to schedule a showing.
Photo Copyright 2012 Imaged2Sell
By Tom Branch, on January 19th, 2012 
As a property manager I often have this conversation with my investor clients. I understand trying to get the most possible cash flow out of a property but this has to be tempered by two issues–occupancy rate and quality of tenants.
You might ask, “How are they related?”
In part one, I’ll discuss occupancy rate.
Occupancy Rate is defined as the amount of time a property is rented over a period of time. If your rental is vacant for one month out of the year you have an occupancy rate of 91.6 percent. You arrive at the occupancy rate by taking the time the rental is occupied and dividing it by the total time available.
As an investor you should never plan on a 100 percent occupancy rate. We typically use 85 or 90 percent just to be conservative in our approach.
If your rental list price is set too high the property will sit vacant for a longer period of time. Let’s assume you have a rental unit that would quickly rent for $1500 but you list it at $1600. If it takes you an additional 30 days to find a tenant willing to pay $1600, you actually lost $400. What?
While the $1600 rent generates an additional $100 in monthly revenue, you lost $1500 for the month the property could have been rented at the lower price. So, over the course of a year you generated $1100 in additional revenue but lost $1500 due to the vacant month. This results in a loss of $400 during the year!
A higher rental price is usually only profitable if you can rent the property in a similar amount of time. Otherwise you typically wind up losing money.
In part two, I’ll discuss how rental price also impacts the quality of tenants.
Have questions or want to work with an experienced real estate team on purchasing or managing investment properties? Contact us at 214-227-6626.
Photo licensed from iStockPhoto
By Tom Branch, on December 30th, 2011
Located in the shadow of the Baylor Medical Center at Lake Forest and US 380, this never-lived-in DR Horton home is ready for tenants. There are 4 bedrooms, 2.1 baths, and 2168 square feet of living space per the builder’s plan. Click on any photo for a larger view.
The open kitchen has plenty of storage space, dark cabinets, black appliances and decorative lighting.
The large living has soaring ceilings and a wall of windows overlooking the fenced backyard and patio. The home is wired for a flat-panel television above the wood-burning fire place. The staircase has oak handrails and cast iron balusters.
The master suite sits at the rear of the house. The master bath has a jetted tub, separate shower, dual vanities, and a walk-in closet.
Imagine yourself sitting on the balcony in the morning enjoying a hot cup of coffee enjoying the view of the greenbelt.
The home is within walking distance to the new McKinney Baylor Medical Center.
Video Tour of 2232 Canyon Point, McKinney, TX
Current status, pricing, details, photos and a virtual tour
Please contact us at 214-227-6626 for more information or to schedule a private showing of this home.
Photos and Video: Copyright 2011 Imaged2Sell
|
|
Comments are closed 
You must be logged in to post a comment.