Everyone understands the importance of “location, location, location,” but not many grasp the specific factors that make one location better than another. If you’re a landlord or property investor, not being able to distinguish between the relative virtues of different properties can be financially risky…. [Read More]
When you’re a landlord, there are two categories of mistakes you risk making.
The first are small and not very costly. These consist largely of learning experiences that don’t have any significant impact on your cash flow or stability.
The second category can be deadly, though. These are the mistakes that will land you in financial or legal hot water. If you’re making these errors, you need help … and you need it quickly!… [Read More]
Do you have a large home with substantial unused square footage? Would you be interested in learning how to increase your cash flow each month and help pay the mortgage? If the answer to each of these questions is “yes,” you may want to consider renting out a spare bedroom in your home. However, it’s not a decision to be made lightly. There are numerous considerations to keep in mind in order to maximize both profitability and personal safety…. [Read More]
Becoming a landlord is something many people (at least casually) think about once or twice in their lives. On the one hand, it can seem like easy, passive income, while on the other, it has the potential to be nightmarish and risky. Well, in certain situations, either end of the spectrum can be true. If you’re seriously considering becoming a Houston landlord, you need to know what you’re getting into from the start. This means coming to terms with the good, the bad, and the ugly…. [Read More]
While much of the focus is on tenant screening when it comes to the landlord-tenant relationship, it’s important to remember that you’re ultimately responsible for attracting the tenants in the first place. That means setting yourself up for success by keeping in mind what aspects, amenities, and features prospective renters are looking for…. [Read More]
While the value of a property may increase over time, the home, apartment, or commercial building on it will naturally deteriorate. In order to increase the value of your rental properties and keep tenants satisfied, you need to perform regular renovations…. [Read More]
One of the more difficult challenges a landlord encounters is having to sell a tenant-occupied house. This is especially difficult if your tenant has lived in the residence for an extended period of time…. [Read More]
When you’re on the outside looking in, everything looks good. You have a handful of properties, they’re all occupied, and your friends assume you’re a real estate tycoon…. [Read More]
Just when you think you’ve got tenants in line, they’ll come up with a new way to do something. Too often, it’s risky, dumb, or dangerous…. [Read More]
As a landlord, you can’t control everything that happens on your property. However, you can implement rules, provide advice, and protect yourself by giving your tenants everything they need to be safe and secure. When it comes to preventing house fires, there are a number of things to keep in mind…. [Read More]