If you’re considering investing in rental property, you’ve probably thought about the prospect of managing a multifamily home. In case you aren’t familiar, multifamily homes are exactly what they sound like; houses that are designed or structured to accommodate multiple families in different units within the home. They come in many forms, including duplexes and triplexes, and apartment buildings are considered multifamily properties as well…. [Read More]
Archives for December 2017
The concept of investing and capitalizing on a rental property is fairly simple. You purchase a property with a low-interest mortgage, make necessary repairs, and rent it out for an asking price higher than your mortgage. You make money to pay off the mortgage quickly and/or make further investments to increase your revenue streams…. [Read More]
For the most part, your tenants are probably good, hard working people who have decent jobs, pay rent on time, and take care of your property. But not all tenants have your best interests in mind. Some will bend a few rules and hide the evidence. While harmless at times, you have to be cognizant of what’s happening on your property. Staying alert to common issues will help you be a better landlord…. [Read More]
The Houston real estate market has never been hotter. A number of records have been shattered this summer and the outlook for the future is strong. For example, more homes sold in Houston in the month of June than ever before (8,414). Along with this surge in transactional volume came all-time high median and average prices ($240,000 and $305,000, respectively)…. [Read More]
When you put in an offer for a home, you have the option to include contingencies. One of the most common contingencies is that the home passes an inspection and that an inspector doesn’t find any major issues. Unfortunately, some buyers, often in an effort to speed up the process, forgo an inspection. This isn’t a mistake you want to make…. [Read More]
Profit is the name of the game when it comes to investing in rental properties. You can’t let your emotions or design and style preferences get in the way. With that being said, many landlords end up with properties that are cheap, yet ugly. And while you don’t want to pour a ton of money into these properties, you do want to make sure they attract renters. Thankfully, there are some inexpensive and high-returning hacks you can try to give your property a little boost…. [Read More]
While we’re currently in the middle of fall, winter is coming. For many areas around the country, winter means extremely cold temperatures, lots of snow, and complications that simply aren’t present during the warmer months. As a landlord, this often leads to costly issues that require time, energy, and money to solve. By preparing ahead of time, you’ll eliminate some of these problems and make things easier on yourself this winter…. [Read More]
Tenant turnover is the bane of most landlords’ existence. When a tenant leaves, you’ll need to spend hours cleaning the place up, hundreds of dollars placing ads and trying to market the unit, and on top of that, you’ll be left without a stream of rental income for as long as it takes to find a replacement tenant. After two or three rounds of this, you may become frustrated to the point you question why you even became a landlord in the first place…. [Read More]
Winter seems like a time of year for avoiding real estate. Sellers are reluctant to list their homes and buyers hesitate to look.
Research supports the popular notion that spring is the best time to sell a home. That’s when you’ll get an influx of buyers seeking to purchase because it’s the end of a school year. But when is the best time to buy?
Many factors go into the answer to that question, not least your personal circumstances. Many buyers tend to look for houses in the spring and summer simply because it’s warmer and their personal situation is better suited for a move…. [Read More]