As a landlord, you’ve probably learned the value of observing your peers. You’ve learned many excellent approaches by shadowing other landlords, but you can often learn more from their mistakes.
Archives for August 2019
As a property manager, landscaping is generally considered one of your responsibilities, and if you’re trying to sell or rent one of your properties, great landscaping is also key to increasing curb appeal. Beyond planting a few new shrubs, though, what can you do to make your property stand out to potential tenants? As design trends shift, you just might be surprised by the property styles that are creating a buzz.
No landlord wants to evict a tenant. The eviction process is usually time consuming, stressful, and messy, and at the end of the process you’ll be left without a tenant—and therefore with far less cash flow. That said, there are some circumstances where you won’t have much of a choice.
Tenant screening is one of your best tools for maintaining your profitability as a landlord. It’s a way to weed out potential tenants who pose a risk to your property, or those unlikely to stay for more than a few months, and focus on the reliable, long-term tenants you need to turn a solid return on investment, or ROI. Generally, this means taking tenant applications before accepting new tenants, and reviewing information like past residences and personal financial history.
Every landlord dreams of increasing the rent to bring in a little more cash. It’s not impossible, but it does require some extra work on your part.
Here are 6 of the best ways to increase the value of your Houston rental property:
As a rule, potential homebuyers aren’t apt to be terribly bothered by cosmetic problems in your home. If it can be affordably fixed, it won’t prevent them from making an offer on the house.
But is that always the case? Are there any situations in which a fresh coat of paint could mean the difference between getting offers and sitting for months on the MLS?