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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Most landlords understand that they’re responsible for handling property repairs and maintenance. While the vast majority of requests your tenants make will be relatively easy and inexpensive to handle, some of them will be both expensive and urgent. These requests are considered to be an emergency, meaning you need to respond as quickly and efficiently… [Read More]
If you’re looking to purchase an investment property, one thing to consider is whether or not to hire a property management firm. Some investors shudder at the thought of spending money to retain a company to handle the day-to-day operations of running a residential property. A typical property management arrangement might call for anywhere from… [Read More]
Nobody likes the idea of dealing with pests, whether you’re tolerating them in your own home or are dealing with an outbreak in one of your rental properties. Some bugs are totally unavoidable; it’s almost impossible to have a house that’s completely free of flies and other insects. But what steps can you take to… [Read More]
If you’re a Houston homeowner, you’re probably looking for ways to increase the value of your home without emptying your accounts. A $25,000 kitchen remodel or $10,000 outdoor living addition will definitely move the needle, but they aren’t necessarily affordable. You don’t have to bust your budget, fortunately. Plenty of worthwhile home improvement projects are… [Read More]
Home is characterized by words like warmth and safety. It’s the place you retreat to when the world gets stressful and chaotic. It’s your place – personal, special, and intimate. But when it comes time to sell, you have to forget about this. Suddenly, it’s no longer about you and your family. It’s about the… [Read More]
In regards to their housing, tenants have a variety of rights. Perhaps the broadest of these rights, however, is the right to a safe and habitable environment, a standard that ensures that tenants don’t need to tolerate infestations, serious leaks, or other hazardous conditions. One aspect of this right that many tenants don’t think about… [Read More]
Property damage is unavoidable. If you haven’t had to deal with destruction yet, you will at some point in your career. Some tenants simple aren’t able to avoid harming walls, screens, closet doors, and ceilings. Small holes, scuffs, and scratches beyond normal wear and tear are often caused by carelessness. For example, a tenant might… [Read More]
Being a landlord in Katy, Texas isn’t a simple job. You’re not just managing a property – you’re continually managing your relationship with your tenant(s). For example, fixing a broken toilet may seem like a simple maintenance task, but how fast you make that repair can make or break your tenant’s trust. Tenants expect their… [Read More]
If you’ve been a landlord for a while, you’ve probably noticed that tenants are extremely protective of their deposits. It doesn’t matter if the deposit is only $200 – tenants get upset when they don’t get their full deposit back.