The real estate market is hot right now, which means it’s a good time to be a seller. Regardless of what type of property you have, you shouldn’t have any issue selling if you’re in a decent location. But if there’s one type of property seller’s find unique, it’s studio apartments. There’s certainly a market for them, but because of their small size and limited buyers, it’s helpful to come up with a very specific strategy in order to sell a studio apartment as quickly as possible…. [Read More]
Archives for January 2018
A new year brings new hope – it doesn’t matter what happened last year. You have a chance to start fresh and do something new this year. This rings true in every area of your life, including your title as homeowner. … [Read More]
As a landlord, you obviously have a vested interest in your properties and want to do whatever you can to maximize profitability and enjoy the highest ROI possible. Sometimes this means increasing rent prices to account for new costs or increased demand. However, you can’t just arbitrarily increase rents whenever you want. There’s a process you must follow in order to legally raise rents and keep vacancy rates low…. [Read More]
Being selective about who you rent to is the best way to keep high-quality tenants. Requiring applicants to meet specific criteria when it comes to credit and references is a must. However, the law is strict regarding how you’re legally entitled to select your tenants and how you handle aspects of the relationship.
When you’re a new landlord, it’s hard to stay on top of the changes; here are five common mistakes to avoid in the landlord-tenant relationship…. [Read More]
It’s not uncommon to find an elderly person in their 70s, 80s, or 90s who has lived in the same house their entire adult life. It used to be that you purchased a home for your young family and stayed in that house. Things have changed, though, and many families now make the choice to move every few years in order to move up in quality, size, or style.
Is it time for you to move up in the size of your house?… [Read More]
When managing a rental property, cash flow should be one of your highest considerations. Cash flow, of course, refers to how much money you have coming in from rent compared to how much money you’re spending on things like your mortgage, property taxes, insurance, and ongoing maintenance…. [Read More]
Whether you’re simply looking to upgrade your home for your own personal reasons, or you want to increase your home’s value for putting it on the market, a master bathroom remodel is one of the more popular home renovation projects. It also happens to be one of the more cost-effective, as long as you have a plan and know what you’re doing…. [Read More]
Saving money is a top priority for renters. Some hang onto their cash by splitting rent with a friend. They move in together and build a cozy home they can cohabitate in.
Not every roommate situation begins that way, though. People who enjoy living alone can face unexpected financial hardships that cause them to look for a roommate. Demotions, layoffs, and even terminations are all situations that might inspire the search for a roommate in Katy, Texas…. [Read More]