As a real estate investor and landlord, your job is all about mitigating risk and maximizing return. The more you’re able to…
Before you finalize your home purchasing decision, you need to get a home inspection. While not legally required, this is your last chance to evaluate the true condition of the property, and ensure you’re getting what you pay for. But if you want to inspect appropriately, and get the most out of your work, you… [Read More]
If you’re thinking about buying a home in the Katy, Texas area, whether it’s for your family or to use as a rental property, you might wonder whether there’s a cycle to the property prices in the area. If home prices rise and fall at steady, predictable intervals, it makes sense to wait to buy… [Read More]
One of the most commonly sought options for new landlords is a multifamily property. The idea is fairly straightforward; with a single property, you can have multiple separate units and multiple separate families, resulting in more cash flow overall, and more stability compared to a single-family home.
You collect security deposits as a means to repair damage caused by tenants and their guests. Texas law allows you to use security deposits only for repairs beyond normal wear and tear. You can’t use a tenant’s security deposit for cabinet refacing or upgrading appliances. Normal wear and tear refers to the deterioration of a… [Read More]
Life with roommates isn’t easy, but sometimes it’s necessary to rent out your spare room(s) to pay the bills. Whether or not you have previous experience as a landlord, these 6 tips will make it easier to live with a tenant:
Raising kids is by far the toughest and most exciting challenge you’ll undertake in your lifetime. There are moments where it’s all joy and satisfaction, as well as periods of time where you seem to be fighting a no-win battle. One of the toughest challenges parents face is getting children to carry their weight around… [Read More]
When you think of the greatest rivalries of your time, what comes to mind? There’s Tom vs. Jerry, Yankees vs. Red Sox, Batman vs. Joker, Peps vs. Coke…and the list could go on. But for some, they would also include the rivalry of tenant vs. landlord.
Renting out a house to a random tenant comes with potential risks and rewards. In a perfect world, the tenant respects your property, delivers a rent check on time, and everyone is happy. But we don’t live in a perfect world and these sorts of renters are few and far between. To prevent yourself from… [Read More]
While we often use oversimplified terms to describe real estate investments, every situation is unique. When it comes to rental properties and identifying the best rental strategy, some investors find short-term investments to be most profitable, while others prefer long-term rentals. Understanding how each could fit into your overarching strategy will allow you to make… [Read More]
For most homeowners, their house is the place where they spend the most time throughout any given week. Thus, it makes sense that you’d want your home to be as healthy as possible. But if you don’t have a plan in place, then your home probably isn’t as healthy as it could be.