Nobody becomes a landlord thinking, “I sure wish I had something else on my plate right now.” No … in most cases, people invest in rental properties with the dream of generating passive streams of income that require little work or effort.
20 Sep
Archives for September 2019
18 Sep
8 Reasons You Probably Aren’t Cut Out to Buy a Fixer-Upper
If you binge-watch enough 30-minute TV episodes, or spend a substantial amount of time scrolling through Pinterest boards, you might eventually be tempted to buy a fixer-upper for your next home.
16 Sep
Buying a House: It’s Not For Everyone
Conventional wisdom says, “Buy a house! It’s the American Dream!” Indeed, millions have found this works for them over the years … but many have also had the opposite experience.
13 Sep
When Is It Appropriate to Make an Offer Over Asking Price on a Home?
For the most part, properties are priced at an amount slightly to moderately higher than the true value of the home. This is because most real estate agents and homeowners expect buyers to make a bid that is less than the “true” value of the home, allowing there to be some room for negotiation. It also increases the likelihood of someone paying the asking price, which results in higher profitability for the homeowner.
… [Read More]
11 Sep
What Does It Take to Flip a Property Successfully?
New property investors often gravitate toward the idea of property flipping, because it sounds very enticing. The idea is to buy a house that’s either in poor condition or is being offered at an extremely attractive price, fix it or improve it in some vital ways, and then sell the home again, sometimes mere months after buying it, for a profit.
It all sounds good on paper, but the realities of property flipping are much more complex.
… [Read More]
9 Sep
The 10 Phases of Selling a House
Selling a home for the first time can be nerve-wracking, especially if you’re looking to buy a new house and aren’t sure how the timing is going to work out. The process can get complicated, which is why it’s important to work with a selling agent (and possibly a lawyer), but the better you understand it, the better you’ll be able to manage the stress of selling a home.
6 Sep
How Landlords Can Use Plants to Improve the Curb Appeal of a Rental Property
Curb appeal typically refers to the aesthetic charm of a property as it’s seen from the curb, or from the exterior, though certain internal touches can apply as well. It’s a term notable for home sellers, who are trying to not only get as much money for their property as possible, but also sell their home in a reasonable amount of time. But the term also applies to landlords, who are interested in attracting more tenants to their rental property…. [Read More]
4 Sep
Here’s Why Every Houston Landlord Should Require Renters’ Insurance
Among real estate investors and landlords, risk reduction is a significant challenge that must be faced. You have multiple options for protecting your investment, but in terms of your tenants, requiring everyone to carry renters’ insurance is one of the smartest moves you can make.
2 Sep
How to Sell a House That Needs Lots of Repairs
For many people, the notion of putting their home on the market both physically and emotionally exhausting. Not only does it launch a massive process of change, but it requires you to address all those little maintenance, repair, and remodel issues you may have been putting off for years.
If your house is not in good repair, or has issues that need to be addressed prior to listing, you may be tempted to forget about selling and just stay put. But this does nothing to remedy those issues.
At some point, you’ll have to sell. You might as well take advantage of the hot seller’s market and list your house sooner rather than later.
If you own a house you want to sell but it’s in need of repairs, you have a few choices. Take a look at the three most common options homeowners have available to them…. [Read More]