Welcome back to another episode where we’re going to talk about the Houston, Texas market. One thing that we’ve been getting asked a little bit about recently is the effects of Hurricane Harvey. As you know, Hurricane Harvey ripped through the Caribbean and beat up some of the islands down there and hit the coast pretty hard. However, the good news is that there was no bad news. We haven’t heard from any one of our clients that had invested in the Houston market reporting any kind of flooding or damage. That’s a good thing. There’s really one key reason why that was, and we’re going to talk about that today with my guest, Bryan.

Houston is an interesting city. We’ve been there for many, many years. We’ve had a lot of happy clients and success there because it’s such an incredibly diverse and progressive city. It’s the nation’s fourth largest city, growing fast. It’s known as the city of infinite possibilities. It’s quickly approaching six million residents, that’s more than 32 states and it just continues to grow. Strong jobs, strong population growth, a friendly business climate, lots of cheap land to build on, it’s just a great market. Coupled with all that, we have a lot of what we refer to as STEM jobs. STEM meaning science, technology, engineering and math. When you have jobs in the STEM field, what you have are high paying jobs. Roughly 6% of employment in Houston is held by STEM job holders. That adds to equality rental pool, that just means more stable tenants. Houston is drawing businesses in from everywhere as well as new residents. These are not only people who are looking to buy and live there, but also people who are tenants. That’s good for you and I as landlords. That’s what we’re going to talk about today.

If you missed our last episode, be sure to listen to Passive Income with Syndications – Mauricio Rauld.

Enjoy the show!

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Investing in Houston, Texas (and Hurricane Harvey)
It’s my pleasure to welcome Bryan to the show. Bryan is one of our team members and boots on the ground in the Houston, Texas market. We’ve been working with them for many, many years and have had tremendous success. Bryan, welcome to the show.

Thanks, Marco. It’s a great pleasure to be here.

The reason I wanted to bring you on, Bryan, is because of the recent hurricane in the Houston market. Actually, it hit a major coast line but that was Hurricane Harvey. I know we were talking off air about this briefly, but you had some really interesting things to say about it. I call it the elephant in the room, and to me, it’s just a big question. We’ve had a number of clients ask us this question. I will say that as far as I know, none of our clients who have invested in the Houston market have had any problems or reported problems of after effects from Hurricane Harvey, which is fantastic news. Let me throw it over to you and ask this question. How are things in Houston after Hurricane Harvey?

Investing in Houston: One of the things you will learn about Houston is how resilient this whole market is.

Marco, I think we’re doing very well. I think one of the things you will learn about, and people should know about Houston, is how resilient this whole market is. We manage a large number of rental properties. We manage 750 rental properties. Out of those properties, we only had fifteen that sustained any flood damage, so that’s 2%. Perhaps we were lucky but I think we really go out of our way not to acquire properties or build properties on land that is subject to flooding. There are some great tools that are available that we utilize all the time...