Green Residential
Even though a tenant isn’t looking to buy, they still want to live in a clean, comfortable home. They want to be proud of where they live, even if it’s not their property. If you want to maximize your rent in a competitive market, or make your property more appealing in a slow market, consider home staging. Impressively, this can significantly decrease vacancy time between tenants.
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As a landlord, you’ll quickly be forced out of your comfort zone. For individuals who strive to avoid confrontation or offending others, it can be easy to become a pushover landlord. Unfortunately, you won’t last long with this kind of reputation. You need to tackle late rent issues head-on to avoid any future catastrophes. Do you know how to effectively handle the plethora of excuses tenants will throw at you?
When moving into a new home, people often choose to sell their previous residence. Most of the time, selling makes the most sense. There are situations, however, where it’s more beneficial to rent out the property instead. It’s important to look at all of the facts, especially when making such a big decision.
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Eviction is a messy process. It’s stressful, time consuming, and often financially costly. Most landlords are lucky enough to avoid having to go through evicting a tenant, but others aren’t so fortunate. When these unfortunate cases do crop up, it’s important to follow the letter of the law. As a landlord, you can’t evict a tenant over a simple disagreement or petty matter. There are codes and laws in Houston dictating how you must proceed and when eviction is permitted.
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Rental properties have the potential to bring steady cash flow and lucrative profits to you as an investor. Choose the wrong property, though, and you’ll be looking at a steady drain on your finances that can put you out of the investment game forever. Knowing what to look for when choosing a rental property to invest in is the key to avoiding this enormous mistake.
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As a landlord, your ability to thoroughly monitor and inspect your property or properties will directly affect your bottom line. Whether it’s a regularly scheduled check in or an inspection prior to a tenant’s move out, you must uncover any problems or damage, finding issues when they are present. This isn’t as simple as it seems on the surface. Even experienced landlords make mistakes when it comes to inspections, and these mistakes can be expensive.
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Deciding to use a property management company for your Houston rental property is an excellent choice for your finances. However, using the wrong Houston property management company is worse than not using one at all. A bad property manager will take your money without offering adequate services in return. However, it can sometimes be hard to recognize when you’re being taken for a ride.
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There are many rental properties in the Houston market, and when it comes to finding tenants, the competition can be harsh. Having a rental property sit vacant, though, loses you money. It’s important to attract new tenants quickly and reliably. But how is it done? Have you ever wondered how some landlords are able to keep their properties rented all the time, when yours is right next door and always vacant?
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When you bring tenants onto your property, a certain amount of damage is simply the cost of doing business. As a landlord – especially an inexperienced one – it can be difficult to determine the difference between actual damage and normal wear and tear. Particularly since it’s your property, it’s easy to become protective, and feel like any deterioration or harm should be paid for.
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Being a landlord can be very profitable, but only when circumstances are in your favor. One of the main keys to landlord success is having low tenant turnover and vacancy rates. Finding a tenant who will stay at your property long-term is sometimes a matter of luck. However, there are things you can do as a landlord to encourage tenants to stay on for longer.
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