Residential investment properties in Lubbock

A rental property needs to work beyond the listing photos. I'm Josh Lashaway with Williams & Company Real Estate, and I own rental property in Lubbock, including a short-term rental. When I work with investors, we discuss the property, the numbers, and what ownership will require.

Tell me about your investment goals · Schedule a conversation

Define the kind of property you want to own

Are you looking for your first long-term rental, another property for an existing portfolio, or a home that could become a rental later? Your financing, available cash, time, and approach to management will influence the search.

We'll establish the property criteria before treating a low asking price or an attractive projected rent as a reason to buy.

Examine the assumptions behind the numbers

Start with supportable rental comparisons and the property's actual condition. Then account for financing, taxes, insurance, maintenance, management, vacancy, and larger replacements. Avoid counting an expense twice if it's already included in a payment estimate.

We'll discuss which figures are documented and which are estimates. An existing lease, an advertised rent, and a projected future rent provide different kinds of information.

Fannie Mae's Becoming a Landlord guide includes an operating-budget worksheet that can help organize expenses and reserves.

Questions worth answering before an offer

“Would this make a good first rental?”

We'll look at the expected workload, condition, financing, and operating assumptions alongside your goals. A property that fits an experienced owner's plan may require more time or cash than a first-time investor wants to commit.

“Should I keep my current home as a rental?”

We can compare the property as a potential rental with selling it. Your lender, tax professional, and insurance agent should help evaluate the financing, tax, and coverage implications for your situation.

“Could I use it as a short-term rental?”

Before relying on that use, confirm applicable city requirements, deed or HOA restrictions, financing terms, and insurance. Then examine the operating demands and income assumptions for that specific property.

Property condition matters to the business plan

Repairs, system age, access, and layout can affect both the purchase budget and future upkeep. We'll identify questions for inspectors and contractors and discuss getting estimates where needed. A spreadsheet should reflect the property you are actually buying.

Start with your goals and a property to evaluate

Send your target price range, preferred rental approach, experience, and any properties you're considering. I'll help you organize the next questions. Rental income, appreciation, and returns are never guaranteed.

Start investing · Buying in Lubbock · Meet Josh

Josh Lashaway · Williams & Company Real Estate
806-893-0619 · josh@wcorealestate.com