Green Residential
Eviction is a messy process. It’s stressful, time consuming, and often financially costly. Most landlords are lucky enough to avoid having to go through evicting a tenant, but others aren’t so fortunate. When these unfortunate cases do crop up, it’s important to follow the letter of the law. As a landlord, you can’t evict a tenant over a simple disagreement or petty matter. There are codes and laws in Houston dictating how you must proceed and when eviction is permitted.
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Rental properties have the potential to bring steady cash flow and lucrative profits to you as an investor. Choose the wrong property, though, and you’ll be looking at a steady drain on your finances that can put you out of the investment game forever. Knowing what to look for when choosing a rental property to invest in is the key to avoiding this enormous mistake.
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As a landlord, your ability to thoroughly monitor and inspect your property or properties will directly affect your bottom line. Whether it’s a regularly scheduled check in or an inspection prior to a tenant’s move out, you must uncover any problems or damage, finding issues when they are present. This isn’t as simple as it seems on the surface. Even experienced landlords make mistakes when it comes to inspections, and these mistakes can be expensive.
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Deciding to use a property management company for your Houston rental property is an excellent choice for your finances. However, using the wrong Houston property management company is worse than not using one at all. A bad property manager will take your money without offering adequate services in return. However, it can sometimes be hard to recognize when you’re being taken for a ride.
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There are many rental properties in the Houston market, and when it comes to finding tenants, the competition can be harsh. Having a rental property sit vacant, though, loses you money. It’s important to attract new tenants quickly and reliably. But how is it done? Have you ever wondered how some landlords are able to keep their properties rented all the time, when yours is right next door and always vacant?
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When you bring tenants onto your property, a certain amount of damage is simply the cost of doing business. As a landlord – especially an inexperienced one – it can be difficult to determine the difference between actual damage and normal wear and tear. Particularly since it’s your property, it’s easy to become protective, and feel like any deterioration or harm should be paid for.
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Being a landlord can be very profitable, but only when circumstances are in your favor. One of the main keys to landlord success is having low tenant turnover and vacancy rates. Finding a tenant who will stay at your property long-term is sometimes a matter of luck. However, there are things you can do as a landlord to encourage tenants to stay on for longer.
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Being a landlord is a lot of work. Do you ever feel like there just aren’t enough hours in the day to get everything done? From the daily grind of marketing properties and managing leases to the midnight emergency phone calls and trouble making tenants, many landlords are left with no time for themselves.
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As a landlord, it would be nice to have tenants who always pay on time, take care of your property, and provide ample notice before moving out. However, the reality is often very different. Even if you have taken care to choose tenants you think are reliable and professional, things can go wrong. It’s common for tenants to damage your property, move out without notice, and pay their rent late – or not pay it at all.
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