Houston Apartment Market Sales Report

For owners and buyers of Houston area multi-family properties.
 Lester Langdon sells More multi-family properties
than any realtor in Houston

Selling the most important properties, YOURS.
An introduction audio message from Lester Langdon
Click the play button and adjust your audio sound speakers
For subscribers ONLY - 4 FREE software programs
  • Investment Analysis Calculation software for your PC
  • Property management software for your PC
  • Calculate your monthly payment on your PDA or Palm Pilot
  • Amortization schedule calculator spreadsheet
    For detail descriptions of the 4 free software programs - Click here

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    August 2008 Newsletter

    FOR SALE
    Hundreds of multi-family properties currently for sale

    with photos, maps and descriptions


    Testimonials from past clients
    What are they saying about me ? ( gasp ? )

    • Please telephone Lester Langdon at 713 840 5062
    • For 14 years , I have facilitated many types of transactions:
    • Multi-family buildings, Single family homes, townhomes, high rise condos, vacant lots and land, and leases.
    • Having been a Houston native since 1949, I know the areas.
    • I am a licensed Senior Property Tax Consultant.
    • Many of my clients have sold and bought multiple properties.
    • We should cross all the t 's and dot the i 's.
    • You will want to examine all options while I resolve conflicts.
    • I pay attention to detail and am committed until the job is done

    • Experience selling many Multi-family buildings.
    • I ask the right questions, to help determine if you need a Tax deferred exchange
    • and coordinate communication with your third party intermediary and your accountant.
    • Being a licensed SENIOR Property Tax Consultant has provided experience determining property values by understanding the three methods to determine value: Market, Income, and Replacement. This helps to price the property to sell within your time frame.
    • I am a computer Geek. We can communicate electronically world-wide, sending you relevant up-to-date information in readable format. Important imformation is readily available for you.

    • University of Texas Business school graduate.
    • Member of Houston Assn. of Realtors, Texas Assn. of Realtors, and National Assn. of Realtors.
    • Top Producer for office, which indicates that you get results.
    • Supported by the best Title examiners and title companies, Loan officers who can match you with the best mortgage loans, and Appraisers who know how to determine value.
    • Specialist with Investment properties.
    • I only work with a contract and I do not work for free.
    • Resourceful and creative marketing tools.
    • Ask to subscribe to my monthly newsletter.

    Loans, insurance, title company - People to help you
    click here


    e Rent Payer.com - click here
    The one stop solution for managing properties
    and collecting rent over the web.
    Online rent payments are now easier than ever.
    Rental funds are collected and wired directly to owners and property managers
    of apartments, office buildings, warehouses, retail stores, etc., etc.

    Amazing Services I offer ( to my clients only )
    "How I spend my time".


    Paper forms you may need


      You can defer the tax on your gains, when you sell your property,
      if you comply with IRS tax code 1031, if you buy another investment property.

      There are several reasons to use this tax benefit...
    • The property may be paid for and the owner may want to use the equity value to buy a more expensive property.
    • The owner may live a far distance from the property and may believe that owning a property nearby would make management more efficient and more profitable.
    • Many owners believe that their time is valuable and owning a newer property built more recently would have fewer problems. (Like selling an old car to buy a new car.)
    • Cities change and locations sometimes become less attractive while other neighborhoods become more attractive.

    • Tax deferred exchanges - click here

    Manage your apartments effectively.
    You need the best property management software.
    Review the Buyer's guide vendors chart - Click here


      Reduce your property taxes.
      In Harris County - Ad Valorem property taxes are approximately between 2.5 to 3.1 %
      on the appraised value of your investment real estate properties.
      Hire a Texas Licensed real estate property tax consultant on contingency,
      who get paid IF your property taxes are reduced.
      Click the link below, so we can later email you info on how to reduce your property taxes.

      Click here to reduce your ad valorem property taxes


      When choosing a structural and mechanical real estate inspector,
      Ask if the inspector has significant experience inspecting multi-family apartment properties.
      Also ask if the report will include estimated cost of repairs.
      In my experience only about one in ten inspection reports include cost of repairs.
      Does the inspector have the background to accurately do so?


      Houston Association of Real Estate Inspectors

      Texas Association of Real Estate Inspectors

    Houston Police Dept. Crime Statistics


    Flood Maps used by your insurance agent
    be sure to watch the demo.


    New revised Flood Maps - reflect tropical storm "Allison"


    The mystery is solved ?? - the cost of title insurance


    Figure your monthly payment with this hi-tech loan calculator


    City of Houston Geographic Information & Management System
    Public Works and Engineering.

    Reference, Landbase and Roads, Boundaries, Underground Utilities, Building and Structures, Health and Public Safety, Environmental, Sports and Recreation, Solid Waste, Tax and Property Information, Permits, Census 2000, Construction Projects, Natural Features, Channels, Creeks and Streams, Water Bodies, Aerial Photography, Miscellaneous.


    Location, Location, Location
    Look at the two links below
    Then you will realize why people want properties near central Downtown.

    The Metro passenger rail route map - In service NOW


    Where will future passenger rails be built? - click here
    You saw it here First !! - Tell your friends


    Links for You - Better Safe than Sorry

    Map to office of Lester Langdon


    To subscribe with any email address,
    add your name and the email address to the blanks below.
    Then click the "Sign me up" button below.


    Name:
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    Data in this domain may be obtained from MLS and other sources.
    Information reliable to the extent of accuracy of sources.



    Send me an email at      langdon @ hou apts.com


    Updated February 15, 2007