10 Rent Collection Mistakes New Landlords Make
Rent collection is probably going to be one of your most gratifying responsibilities as a landlord. It’s a deceptively simple practice—all you…
Should You Offer “First Month” Deals on Rent to Attract New Tenants in Houston?
You’ve probably seen ads offering reduced rent, free rent, or other discounts to tenants for the first month. Discounts are a central part of marketing and if you can offer a deal, why not?
Should You Allow Vaping in Your Katy, Texas Rental Property?
Allowing tenants to smoke cigarettes inside your property can destroy your ability to rent or resell your property. Cigarette smoke sticks to walls, drapes, carpet, and even ceiling tiles in a form of sticky residue. This sticky residue, known as “third-hand smoke,” can linger for years unless it’s intentionally cleaned up.
How Important Is a Credit Score When Screening Tenants?
Tenant screening is one of the most important responsibilities of any landlord. This is your chance to make sure your property is occupied by someone who’s going to take care of it, pay for it consistently, and ideally, stay there as long as possible. You need to be careful in the tenant screening process, because… [Read More]
6 Tips to Foster Healthy Communication With Your Tenants
Effective communication is the key to healthy landlord/tenant relationships. Effective communication is built on three main factors: transparency, honesty, and respect. With these three factors present, you’re more likely to resolve issues with your tenants before they grow into larger issues.
Can a Landlord Break a Lease Agreement Early?
If you’re a landlord, you probably have a lease agreement or rental agreement for your tenants, outlining the rules and restrictions for the property, setting rent prices, and outlining a period of time during which the agreement is active. If a tenant breaks the lease agreement early by moving prematurely, they may face a penalty… [Read More]
6 Ways Landlords Waste Time (and How to Stop!)
As a landlord, time is your most precious asset. You get the same 24 hours in a day that everyone else gets. And assuming you get a healthy seven or eight hours of sleep each night, that means you’re left with just 16 or 17 waking hours in a day. Squandering even a couple of… [Read More]
Do You Need Positive Cash Flow to Make Money With a Rental Property?
Buying and managing rental properties is one of the best ways to build wealth. If you purchase the right properties in the right neighborhoods, and keep them in good condition with good tenants, you should be able to cultivate a favorable return on your initial investments, and possibly end up with a source of recurring… [Read More]
Real Estate Investing: How to Learn From Failure
Our culture looks at failure as a curse word. We view it as an unnatural thorn in the side of what should otherwise be a smooth path to success. But this is the wrong way to view mistakes and disappointments. Because while they never feel good in the moment, failures have the ability to cultivate… [Read More]
From Our Blog
9 Simple Ways to Increase Your Vacation Rental Income
Vacation rentals are among the most popular real estate investments. Not only are they fun and flexible investments, but they can also…