Real estate investments can be highly lucrative or total flops. It all depends on the housing market and your ability to track it. It’s important to keep a close eye on the trends and activity over the last several years if you want an accurate depiction of how the market is performing…. [Read More]
Under most circumstances, a home purchase is the single biggest transaction you will make in your lifetime. It involves lots of money changing hands, piles of paperwork and legal documents, and plenty of negotiation…. [Read More]
We’ve been hearing about him a lot more for his pursuit of the White House of late, but Donald Trump’s success has come mostly from his real estate activities. Depending on which source you consult, his net worth is between $4.5 billion and $10 billion (and does it really matter?).
The majority of that money came from real estate deals, which makes Trump one of the greatest property managers in the history of the world…. [Read More]
As the real estate market has picked up, especially over the past 12 months, some sellers have automatically assumed their property will sell within days of going on the market.
This might be the case in certain markets, but you can’t afford to take it for granted. Particularly if you commit certain mistakes, you can slow down the sale of your home … even in the most active real estate markets…. [Read More]
As you probably know by now, Airbnb has become incredibly popular. It’s fast, easy, cost effective, and relatively safe for both hosts and guests.
Have you ever considered the possibility that your tenants might sublet your property on Airbnb? Or maybe they want to but are too afraid to ask?
It’s worthwhile for you to have a firm stance on tenants and their use of Airbnb and similar sites…. [Read More]
One of the most common reasons that people move from an apartment to a home is the arrival of children, but young parents often aren’t in a position to buy a home, so they turn to rentals. This can be great news for landlords, but it can mean a change in tactics. To rent to families, you need to understand the difference between what childless adults look for in an apartment, and what families with children are looking for. With some simple adjustments and a new emphasis, however, landlords can welcome families with open arms…. [Read More]
When people hear the phrase “homeowners association” (HOA), many tend to cringe. Living within the boundaries of an HOA often means more work and lots of critiques from the neighbors.
Belonging to an HOA isn’t nearly as bad as the media often portrays it, however, and there are generally as many benefits as disadvantages…. [Read More]
Houston can be a great destination for snowbirds – older adults who move south for the winter to escape the cold – but successfully navigating the market to attract snowbirds can be a challenging undertaking. After all, what do you do with your rental property the rest of the year?
This, and other questions, often trouble landlords interested in working with snowbirds. And while the concern may be a valid one, the snowbird population constitutes a generally reliable and responsible category of renters who make ideal tenants. This alone may make diving into the snowbird rental market worth the risk. Here’s what landlords who are considering targeting snowbirds need to know…. [Read More]
It’s all right for managers to take a vacation as long as they take the proper steps before they leave. With the right strategy and proper planning, even the busiest of landlords can take off for a vacation without stress. Here’s how…. [Read More]
Even if your property is brand-new, one improperly sealed window or siding panel could lead to a pest infestation that would demand attention. If you’re looking to maintain a successful rental property, you’ll need to know how to handle pest problems when they occur…. [Read More]