What to Do If You’re Losing Money on a Rental Property
In a hypothetical model, a property owner should be able to generate positive cash flow with a rental property in an attractive…
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Everyone seems to be against landlords. At least that’s what you’ll feel like if you start reading articles and blogs on the internet. Everything is written for tenants and how they can protect themselves against “greedy” landlords. But what about you? How can you protect yourself from tenants? That’s a valid question and one that… [Read More]
If you’re redoing the kitchen of your rental property, be prepared for one of the most rewarding experiences of your life. Also, be prepared for the bill. It’s not an easy or cheap job, but if you do it right, it’ll pay off in increased property value, allowing you to raise the rent. However, you’ll… [Read More]
Furnishing a vacation rental is a delicate process. You have to consider the price, your target rental market, geographical location, kid-friendliness, your own personal taste, and more. If you try to think about it all at once, it’s simply overwhelming. However, if you take it step by step and carefully consider each issue, you can… [Read More]
Any landlord knows that inside amenities attract the tenant, but the backyard’s what seals the deal. It’s hard for renters to find a great backyard that’s well maintained and attractive. For that reason, you want to make sure your property’s backyard is breathtaking. However, when you’re on a budget, you might begin to second-guess your… [Read More]
It’s true that many renters don’t give much thought to the eco-friendly side of the home they’re renting. They prefer to look at cost variables and comfort. But many more renters take it into consideration when they purchase a home, and a green home appeals to an extremely wide audience. For renters, a greener home… [Read More]
Anyone who’s lived in the Houston area knows that on those 90–100-degree days, it’s nice to cool off in a backyard swimming pool. But if you’re putting one in the backyard of your income property, you’ll have to put in a lot of maintenance work to keep it looking nice. You’re probably looking at spending… [Read More]
When you purchase a property, resale should always be the focus. Regardless of whether you think you’ll be living in the home or renting it indefinitely, you always have to think about the value down the road. Over the years, that means paying attention to changing styles and adapting to certain needs. While there are… [Read More]
When it comes time for your tenants to vacate the property, you want the process to go as smoothly as possible. A great move out process means that the tenants will adhere to the contract and leave you with as little to do as possible. The quicker this process happens, the faster you can get… [Read More]
Though most landlords will tell you their job is rewarding, they’ll also tell you it’s not without great personal risk, and that landlord insurance is one of the best investments you can make. A simple policy can mean the difference between seeing a profit and shelling out thousands a month for legal and property damages…. [Read More]
Whether you’re buying your next home or another investment property, the inspection process is the single most important stage between an accepted offer and the closing. However, it’s not always straightforward. Depending on the home and how comfortable you feel, you may choose to have certain elements professionally inspected while analyzing others on your own.