Being a landlord is unlike any other title or responsibility in the world. While there are plenty of industries that come with risks, real estate is one that carries a particularly high price tag. Not only are there professional and personal responsibilities, but you also have to avoid financial and legal issues in order to stay afloat…. [Read More]
Archives for August 2016
Managing vacation properties can be both lucrative and tiresome. Some years are good, while others are less than stellar. And while there are plenty of strategies for attracting renters, one thing that separates successful vacation home owners from average ones is their ability to leverage the value of repeat renters year after year…. [Read More]
Katy, Texas is an ideal place for property management; there’s an ample population, plenty of purchasing opportunities, and ideal prices to ensure a healthy landlord-tenant relationship. However, being a landlord (especially for the first time) can also be stressful. There’s a lot to manage, and if you aren’t careful, the stress of your work could interfere with your health…. [Read More]
As a landlord, there are plenty of scary words. Terms like “water leak,” “late payment,” and “broken” can strike fear in even the most experienced landlord. However, is there any word more painful than “vacancy?” Water leaks can be fixed. Late payments can be tracked down. Broken appliances can be repaired. But vacancy? There’s not always an easy solution for that one…. [Read More]
As a property manager, one of the most common exchanges you’ll have with tenants will be about repairs. From leaky ceilings to broken appliances, there’s an almost infinite list of things that can go wrong when housing is involved. In order to address these problems effectively, you’ll need both a great maintenance staff and the ability to manage them smoothly…. [Read More]
Are your Katy-area homes handicap accessible or disability friendly? The reality is that most are not. After all, handicap renters only make up a very small fraction of the population – and it can be expensive to make such modifications.
With this being said, there may come a time when you either choose to integrate some disability-friendly modifications into your rental property to make it more appealing or accessible, or you have to do so in order to meet the needs of a particular tenant…. [Read More]
If you’ve spent any time watching HGTV, you’ve seen the imposing profits that can come from real-estate investments. A quick Google search yields hundreds more stories about investors who made their fortunes in the housing industry.
It’s an attractive investment market, but difficult to enter without a lot of initial capital. Even people who have invested and made profits in the past can struggle to scrape up enough funds to invest again…. [Read More]
Any successful realtor knows that a good website can drive leads and conversions and serve as the basis for digital marketing. It’s much easier to attract clients and sell homes when you have an online landing place that draws buyers and sellers.
But many real estate professionals still like to focus their time and efforts on face-to-face work with clients instead of building their online portfolio. As a result, they let their digital marketing go undeveloped…. [Read More]
A great thing about online real estate is that properties basically sell themselves once they’re posted. The market is humming along right now: homes are selling quickly and for a good profit.
But you still have to know how to sell your properties, especially now that so much of it entails online listings. Whether you’re selling your personal home or seeking to profit from real-estate investing, understanding the pricing and general financial conditions is only the start…. [Read More]