News from Green Residential and around the world of Property Management and rental homes in Houston and Austin.
Novice landlords often absorb the myth that any income earned from your rental properties is profit. If you’re realistic, though, there’s a lot more to the picture. Budgeting is a big part of it. The income you earn from each unit may partly qualify as profit, but a good percentage also goes back into the
Unfortunately, the human mind is not a perfect instrument for making decisions. Our brains are hard-wired with cognitive biases that affect the rationality of our decisions, whether we like it or not. Learning to overcome these biases is not as simple as flipping a switch.
House flipping is something every real estate investor has thought about trying at one point or another. It offers a chance for huge returns over a short period of time, but it can also prove to be costly if you don’t know what you’re doing when doing a house flip. In addition to picking the
As a seller, you’re obviously inclined to accept the highest-priced offer you can. In a competitive seller’s market, you might receive lots of offers at once, with some of them going well over your initial asking price. Even in a buyer’s market, with plenty of inventory to choose from, you may be forced to consider
If you’ve spent time watching HGTV or DIY Network, then you’re familiar with remodeling demolitions. In the Hollywood version, contractors grab sledgehammers and start ripping through drywall and cabinets. You’ll get an opportunity to put a sledgehammer through drywall in your own demolition, but the process isn’t quite as simple or careless as it looks.
When you live a quiet, comfortable life without much conflict or trouble, it’s easy to feel like the world is good and everything is fine. However, when you start to interact with people from all different walks of life, you’ll realize that not everyone has the same good intentions and peaceful mentality. Don’t let this